SIDBI Foundation Day
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Satin Creditcare was invited to participating in SIDBI's 20th Foundation Day Celebration at Vigyan Bhawan. Satin was represented by CMD Mr. HP Singh and client Samim from Mubarakpur village in Bulandhshar, Uttar Pradesh. Samim is a 46 year old woman who used her 1st and 2nd cycle loans for a small fruit business and for manufacturing burqas, respectively. She is now taking a 3rd cycle loan to expand her clothing business
Client : Nirmala Devi
Branch : Bulandshahar
She received a loan of Rs 10,000 with an 18% annual interest rate which she recognized was much less than other local moneylenders. She invested this money in stock for her grocery shop and is now earning substantially more money from the shop.
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