Satin Creditcare Network Limited (SCNL) was formed in 1990 as a Non-Banking Finance Company (NBFC) with the simple concept of providing individual loans to urban shopkeepers for tiny businesses. Since then the company has expanded and evolved into one of the leading microfinance institutions in India with its current geography in North, West as well as Central India. SCNL provides loans to both urban poor and rural poor to meet their productive requirements in starting new business or for growing an existing business. The company's microfinance operation is based on both Joint Liability Group (JLG) model as well Self Help Group model (SHG). At present, SCNL has its strong presence and serves its clients throughout Bihar, Chandigarh, Delhi, Haryana, Jammu, Maharashtra, Madhya Pradesh, Punjab, Rajasthan, Uttar Pradesh, Uttarakhand, Himachal Pradesh, Gujarat, West Bengal, Jharkhand and Chhattisgarh. In addition, to the above SCNL is also listed on Delhi, Jaipur and Ludhiana stock exchange.