DFCC Bank acts as Lead Arranger in $ 100 m loan for India’s Satin Creditcare

Friday, 6 June 2025 00:06 - - {{hitsCtrl.values.hits}}

DFCC Bank PLC yesterday announced its role as a Lead Arranger in a landmark $ 100 million Social Loan Facility raised by Satin Creditcare Network Ltd., (SCNL), one of India’s largest microfinance institutions.

The syndicated facility, arranged by Standard Chartered Bank, India, is structured under the globally recognised Social Loan Principles, with DFCC Bank’s contribution also aligned with these standards. Proceeds from the loan will be directed towards onward lending to underserved women entrepreneurs in rural and semi-urban regions of India, supporting inclusive growth and economic empowerment. The initiative reflects DFCC Bank’s ongoing commitment to promoting sustainable development, financial inclusion, and cross-border partnerships across South Asia.

DFCC Bank Senior Vice President/Head of Corporate Banking Sohantha Wijesingha said: “Our participation in this syndicated social loan is a strategic milestone for DFCC Bank as we continue to expand our regional footprint and support impactful, inclusive growth. Satin Creditcare’s mission to empower women and uplift marginalised communities resonates deeply with our core values.”

SCNL, with over 3.5 million active customers across 27 Indian States and union territories, will utilise the funding to provide collateral-free microloans, especially for women from Below Poverty Line (BPL) households. The initiative aims to foster income-generating activities, enabling greater financial independence and improved livelihoods.

The facility also contributes directly to the Sustainable Development Goals (SDGs), particularly in the areas of gender equality, rural development, and entrepreneurship.

This transaction represents another step forward in DFCC Bank’s evolving strategy to position itself as a trusted partner for impact finance and cross-border financial cooperation in South Asia.

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