Bhubaneswar : With a total loan disbursement of Rs. 1700+ crores to its name, fast growing Microfinance firm SATYA MicroCapital has achieved Rs. 1000 crore worth of Assets under Management (AUM).
“Striving to stay committed for serving the people at the bottom of the pyramid, in today’s tough market, SATYA is able to attain the best possible debt-to-equity ratio fuelled by remarkable efforts and hard work exhibited by our exemplary employees. Their attention to detail at work made it possible for us. Since its establishment, SATYA has been successfully providing financial services to more than 4,00,000 financially marginalised people for the sky-high development of their social and economic prospects. It is certainly a record in MFI Industry wherein an institution has attained such a grand slam within 3 years and 4 months of its origin” said Vivek Tiwari , MD & CEO, SATYA MicroCapital Ltd.
“SATYA MicroCapital has been successful in creating micro-entrepreneurial opportunities for 4 lakh active clients. With a portfolio of Rs 1000 crore, SATYA has set an exceptional benchmark of being fastest growing MFI within three years of its inception” he had said earlier during an exclusive interaction with biznextindia.
With its headquarters based in the capital city of New Delhi, SATYA initiated the course of its journey with first loan disbursement at Sikandrabad branch in Bulandshar district of Uttar Pradesh in November 2016. Since then, the MFI catalogued a remarkable growth rate, having achieved an Assets under Management (AUM) value of over Rs. 1000 crore.
A majority of the Satya’s portfolio comprises women entrepreneurs from rural and semi-urban areas whom SATYA MicroCapital has rendered financial support for setting up and developing their businesses. Till date, SATYA has its operational services active in 141 branches in 124 districts across 22 states (Assam, Bihar, Chandigarh, Chhattisgarh, Delhi, Haryana, Himachal Pradesh, Jammu & Kashmir, Jharkhand, Karnataka, Madhya Pradesh, Meghalaya, Odisha, Punjab, Rajasthan, Tamil Nadu, Tripura, Uttar Pradesh, Uttarakhand & West Bengal, Gujarat).