365Ttelugu.com online news,Mumbai, India, June6th, 2025:TransUnion CIBIL, India’s leading information and insights company, has joined hands with Sa-Dhan, a prominent self-regulatory organization (SRO) for microfinance institutions (MFIs), to launch a nationwide credit awareness initiative. This program aims to enhance credit literacy and promote responsible lending practices within the microfinance ecosystem across India.
The partnership will empower MFIs with advanced data-driven tools, insights, and training to improve their credit assessment and monitoring capabilities. By doing so, it seeks to foster financial inclusion and responsible borrowing among microfinance lenders and borrowers alike.
The initiative includes multilingual digital content and community outreach efforts to ensure accessibility and awareness across diverse regions. By educating and guiding clients better, MFIs can encourage responsible credit behavior and help expand financial inclusion in underserved areas.
Sa-Dhan, headquartered in Delhi, represents a network of over 230 members including MFIs, NBFCs, and banks. Through this collaboration, TransUnion CIBIL and Sa-Dhan plan to conduct joint regional workshops, state-level events, and specialized training modules. These programs will help MFI teams understand the importance of credit scores, leverage data for better underwriting, and build more resilient credit ecosystems.
Mr. Bhavesh Jain, Managing Director and CEO of TransUnion CIBIL, stated,
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“Credit literacy is more than just borrowing; it builds trust and credibility in the financial ecosystem. With over 130 million Indians having accessed their CIBIL reports and scores as of December 2024, we are witnessing a rise in credit-aware consumers. Our partnership with Sa-Dhan is a critical step towards empowering MFIs and their customers to take charge of their financial futures through better credit understanding.”
Mr. Jiji Mammen, Executive Director and CEO of Sa-Dhan, added,
“Credit education at the community level is key to sustainable financial inclusion. When individuals understand how credit works and its role in improving livelihood opportunities, they become confident participants in the formal economy. This partnership will bring this knowledge directly to where it is needed most.”
Together, TransUnion CIBIL and Sa-Dhan are committed to building a stronger, data-driven microfinance ecosystem that equips institutions and individuals with the knowledge and tools needed to make informed, confident financial decisions.