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SATYA MICROCAPITAL
Cost rises for micro borrowers as RBI deregulates lending ratesAt least half-a-dozen MFIs including Arohan have revised their lending rates upward in the first week of April. They have fixed their rates...
Deregulation to push down lending rates for lowest bracket, microfinance may get the freedom to bloomDifferentiated lending rates and new product development is likely to drive India’s microfinance market going forward with the Reserve Bank...
Satya MicroCapital raises Rs 153 crore in equity from Japan's Gojo & CompanyBhubaneswar-headquartered Annapurna Finance and Kolkata-grown Janakalyan Financial Services are also looking for equity expansion, two peop...
MFIs require about Rs 8,500-10,000 crore for keeping growth intact: ICRAICRA said the MFIs would need the capital for growing at a rate of 15-20% pa over the next three years and absorbing high levels of anticip...
Bandhan Bank, small finance banks emerge as job creators amid coronavirus pandemicThese lenders are in the process of raising staff strength by 5-10% in the next three-four months, although several others in the sector mi...
Japan's Gojo invests Rs 130 crore in Indian financial companies during lockdownGojo's exposure to Indian firms now stands at Rs 365 crore, out of its total investment of Rs 525 crore across four countries including Cam...
Investors raise stakes in India's microfinance sector despite stress during lockdownThe capital infusion during lockdown is positive for the country's microfinance sector.
Satya MicroCapital, Sindhuja Microcredit raise Rs 170 crore from global investorsSatya MicroCapital started its operations in January 2017 and has a network of 150 branches in 22 states. It primarily caters to women who ...
Jagaran Microfin raises Rs 22 crore from BlueOrchard Finance through NCD issuanceThe funding was raised through the issuance of non-convertible debentures that were subscribed to by BlueOrchard from its Microfinance Init...
Satya MicroCapital raises Rs 28 crore through NCDsThis will be utilised by Satya MicroCapital for lending to Indian micro, small & medium enterprises (MSMEs).
Satya MicroCapital collects Rs 100 crore through cashless transactions18% was collected by the MFI in the first year of its operations, 40% in the second year and 42% during the first half of 2019.
Satya MicroCapital reaches over 2.25 lakh entrepreneursKeeping up with the post-demonetisation tide, the company’s focus on lending using digital financial solutions to women entrepreneurs speci...
How shadow banks can be the shining light for India’s entrepreneurial ecosystemThe benefits of the combination of microfinance institutions and fintech are multifarious, especially for the SME sector.
How NBFC-MFIs can ensure equitable distribution of credit across MSMEsMSME manufacturing units often end up being overlooked by formal banks and financial companies which usually favour big-ticket borrowers.
Satya MicroCapital raises Rs 40 crore through NCDsThe fund raised will be used by Satya MicroCapital for lending to Indian micro, small and medium enterprises.
Satya MicroCapital raised Rs 43 crore fund led by Japan-based Gojo & Company Inc“We are certain that the funds raised will enable us to continue growing and empowering more and more Entrepreneurs from the underserved se...
Satya MicroCapital reaches 1 lakh active loan clients, disburses Rs 300 crore in total loansMicro financing group Satya MicroCapital has crossed 1 lakh active loan clients and has disbursed Rs 300 crore in terms of loans to micro e...