Joint Venture10 Jul 2024, 09:13 pm
Satin Creditcare Network Secures €15 Million Debt Funding from OeEB for Rural Women Entrepreneurs
AI Summary
Satin Creditcare Network Limited, a leading microfinance institution in India, has successfully raised €15 Million in External Commercial Borrowing (ECB) from OeEB — The Development Bank of Austria. The funds will be used to expand business operations, enhance micro-credit access, and support rural women entrepreneurs through the Income Generating Loan (IGL) and WASH Loan programs. This is the company's third transaction with OeEB, following successful collaborations in 2019 and 2021.
Key Highlights
- Satin Creditcare secures €15 Million ECB from OeEB
- Funds to be used for business expansion and micro-credit access
- Focus on supporting rural women entrepreneurs
- Third transaction with OeEB following successful collaborations in 2019 and 2021