Satin Creditcare Aims for 4% Credit Cost

Satin Creditcare, a company that gives small loans, wants to lower the cost of loans that don't get paid back to almost 4%.

They had a cost of 4.23% last quarter.

The company's boss, HP Singh, said they will grow slowly, aiming for 10-15% growth each year.

They reject a lot of loan applications, about 65%, to make sure they only lend to people who can pay back.

They are also opening new branches and waiting for permission to start a special investment fund.

Small loan companies are finding it hard to get money, but things are getting better.