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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Delhi-based group lender has been struggling with mounting losses, driven by the shifting priorities of borrowers and the growing pressure on field staff to meet targets.
Group-based lending is a marvel of modern finance. Instead of individuals borrowing money, loans go to members of a small group who don’t need collateral or a credit score but have to bear collective responsibility for repayment. But what happens when such a group is formed only so the loan can be sanctioned, and members no longer bear any responsibility for repayment?
Satya MicroCapital is what happens.
The Delhi-based lender began lending to groups of women in 2017. By March 2025, it boasted Rs 4,663 crore ($491.9 million) in assets under management and was present across 26 states. At the …
