India, 12th December 2024: Satin Creditcare Network Limited (SCNL), a leading name in India’s microfinance landscape, is pleased to announce that it has been honored with the prestigious ‘Microfinance Organization of the Year Award’ in the large category at the Global Inclusive Finance Summit 2024. Organized by Access Development Services in partnership with HSBC India and co-hosted by the Department of Financial Services, the event took place in Delhi and celebrated SCNL’s remarkable contributions to driving transformative change in financial inclusion.
SCNL received this recognition for its exemplary operational performance, extensive outreach, adherence to robust governance practices, and remarkable achievements on qualitative and quantitative benchmarks. The Company excelled in Social Performance Management (SPM) metrics while steadfastly delivering on its promise of empowering underserved communities, demonstrating true financial inclusion.
The award was presented by Mr. Hitendra Dave, Chief Executive Officer, HSBC India, to Dr. HP Singh, Chairman and Managing Director of Satin Creditcare Network Limited, along with the Senior Management Team of SCNL, in a ceremony attended by industry leaders and dignitaries.
The Company’s vision of making microfinance inclusive and purpose-driven has created a lasting impact on millions of households, empowering them to build sustainable livelihoods and achieve financial stability. By serving the remotest corners of the country, SCNL continues to bridge the gap in access to affordable credit, driving economic growth and fostering social upliftment.
Commenting on the honour, Dr. HP Singh, Chairman cum Managing Director of SCNL, said, “Receiving this prestigious award at the Global Inclusive Finance Summit is a proud moment in SCNL’s journey of empowering lives and creating meaningful impact. This recognition honors the trust placed in us by millions of clients and the relentless dedication of our team in advancing the cause of financial inclusion. Over the years, we have strived to uplift the bottom of pyramid, bridging gaps and transforming aspirations into achievements. At SCNL, every milestone is a validation to our commitment of creating a future that is equitable, inclusive and full of opportunities for all.”