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NBFC Company Satya MicroCapital Empowers 1 Lakh MSME with Rs 300 Cr of Loan Disbursement

The company, incepted in October 2016, achieved this feat in less than 2 years of its establishment.

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Satya MicroCapital Limited, one of the fastest growing Indian micro financing groups, recently reached the milestone of catering to 1 lakh active loan clients. As of June 2018, the company has extended Rs 300 crores in terms of loans to micro enterprises across India. 

Satya MicroCapital Limited, an NBFC-MFI, offers collateral-free credit to micro enterprises on the basis of strong credit assessment and centralized approval. The company has adopted a unique Limited Liability Group (LLG) Model for extending loan and ensuring repayment. The company’s LLG model distributes the liability among each group member which exists only up to 10 instalments in bi-weekly collections. Through the model, the company aims to add a social touch to lending by integrating modern technology into the Micro Finance industry.

Commenting on the achievement, Vivek Tiwari  -  MD & CEO, Satya MicroCapital Limited mentioned, “From reaching 1,000 entrepreneurs in our first 100 days, Satya has now written history by offering loans to 1 Lakh entrepreneurs in around 500 days of being active. This was possible due to Satya’s High touch and High technology based model supported by cashless & paperless approach. Having achieved this feat, we now plan to work towards empowering more people at the bottom of the pyramid, especially women looking to start or expand their businesses. By the year 2025, we aim to give a socio-economic boost to 5 million households in both rural and urban markets. Our objective is to become the preferred choice for underserved people looking for funds to create their enterprise and boost their chances of earning a stable livelihood."

The company, headquartered in Delhi, makes Group Lending (GL) accessible for the economically active section of rural and urban areas in India. Satya MicroCapital mainly caters to women who own businesses and are looking for means of expansion. The group lending model allows group of borrowers to share the liability and responsibility to repay loans and instills trust in financial institutions and group members. 

Recently, the company has raised Rs 11.48 crore from its existing investors through a rights issue of new shares. The company has allotted 25.51 lakh shares at Rs 45 each to a total of 107 investors.

As part of their social awareness programs, Satya MicroCapital also conducts group training and meetings where group members are taught about financial literacy and socially ethical practices. 

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