About
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Headquarters
Bangalore, Karnataka
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Since
1999
Credit Access Grameen Limited formerly known as Grameen Koota provides micro-financial services such as loans for income generation, home improvement, Read more family welfare and emergencies to urban and rural poor, especially women. These loans are given for education needs, medical needs, celebration of festivals and lifestyle improvement products such as solar lights, cook stoves, water connections, building rooms and toilets, rain proofing homes etc. They offer services like life insurance, health insurance and work as aggregator of the National Pension Scheme of Govt. of India by collecting contributions from customers and encouraging them to enroll in the scheme. They organize awareness programs for financial literacy, health and nutrition, basic medical services and women's rights and gender issues. Water, sanitation and hygiene (wash) and child education programs are implemented by Grameen Koota’s corporate social responsibility programs.
Action
The company provides microfinance loans and other financial services to women from low-income households who are organized into joint liability groups.
Cause Area
Sector
Impact
As of 2023, CreditAccess Grameen serves over 4.5 million active borrowers across 16 states and 1 union territory in India through its network of over 1,900 branches.
Vision & Mission
To be the trusted partner of 10 million rural under-banked families in India, enriching their lives by providing convenient and reliable financial solutions.
Milestones & Track Record
The company was founded in 1999, converted to an NBFC in 2007, listed on stock exchanges in 2018, and acquired Madura Microfinance in 2019 to become India's largest NBFC-MFI.
Leadership Team
Demographics & Structure
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No. of Employees
100+
M&E
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Internal, External Assessors
No
Policies
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Ethics and Transparency Policies
No
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Formal CEO Oversight & Compensation Policy
No
Political & Religious Declarations
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On Affiliation if any
No
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On Deployment Bias if any
No
Registration Details
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Registration ID
U51216KA1991PLC053425
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FCRA
Not Available
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CSR Registration Number
Not Available
Location
Other Details
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Parent Organisation
T. Muniswamappa Trust (TMT), Bangalore
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Type & Sub Type
For-profit
Non-Banking Financial Company
Website
Financial Details
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2019-20
IncomeRs.168,436,000,000ExpensesRs.123,347,000,000Admin ExpensesRs.115,230,500,000Program ExpensesRs.8,116,500,000Tip: Click on any value above to exclude it. -
2020-21
IncomeRs.203,114,000,000ExpensesRs.183,685,000,000Admin ExpensesRs.169,785,200,000Program ExpensesRs.13,899,800,000Tip: Click on any value above to exclude it. -
2021-22
IncomeRs.229,120,000,000ExpensesRs.177,856,000,000Admin ExpensesRs.165,450,700,000Program ExpensesRs.12,405,300,000Tip: Click on any value above to exclude it.