DFCC Bank supports US$ 100mn social loan to boost women’s microfinance needs in India

DFCC Bank PLC acted as a lead arranger in a US$ 100 million social loan facility for Satin Creditcare Network Ltd (SCNL), one of India’s largest microfinance institutions.

The syndicated loan, arranged by Standard Chartered Bank India, is structured under the Social Loan Principles and will be used to provide collateral-free micro-loans to underserved women entrepreneurs in rural and semi-urban regions across India, the Sri Lankan lender said in a statement.

“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,” said DFCC Bank Senior Vice President / Head of Corporate Banking Sohantha Wijesingha.

SCNL, which operates across 27 Indian states and union territories with over 3.5 million active customers, will channel the proceeds toward women from Below Poverty Line households to support income-generating activities.

DFCC Bank said the initiative aligns with its commitment to sustainable development, financial inclusion and cross-border partnerships in South Asia.