Summary:
Mumbai, Maharashtra, India – Business Wire India CARE EDGE - One of India"s most reputed global rating agency - upgraded Svatantra Microfin Private Limited (SMPL) and Svatantra Micro Housing Finance Corporation Ltd.
(SMHFC) rating to CARE AA- (outlook stable).
The rating reflects a robust and profitable growth demonstrated during the testing times by both the companies with financial prudence and strong governance.
SMPL, an NBFC-MFI, has impacted more than 10 million lives since inception in 2012.
It currently serves over 229 districts, spread across 19 states in the country through its 720+ branches and has a loan book of close to INR 5500 cr.
and currently, employs over 6000 rural youth.
SMPL has differentiated themselves by mobility-based operations, cashless disbursements, lowest lending rates and impactful financial services such as cashless mediclaim, thereby ensuring fulfilment of its founder and chairperson, Ms.