Mumbai : Satin Creditcare Network has entered into a strategic partnership with Hero Cycles, a recognized global cycle maker, to provide bicycles to lower income households in Uttar Pradesh. Through this partnership, the company’s 560,000 clients across 28 districts in Western Uttar Pradesh will have access to affordable mobility through Hero cycles. Separate bicycle models have been made available for women, men, youth & children.
Both the partners are already working together in Bihar, Assam and Eastern Uttar Pradesh providing similar solutions to over 17,80,000 clients. The company and Hero Cycles already financed more than 16,000 cycle loans in a short span of one year. With expansion in Western Uttar Pradesh, this partnership would be another stepping stone to ensure mobility for all.
Satin Creditcare Network is one of the largest Microfinance Institutions (MFI) in Northern India, and is the 3rd largest MFI in the country.