Grameen Koota

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CreditAccess Grameen Limited (formerly known as Grameen Koota Financial Services Pvt. Ltd.) was born to address the need for timely and affordable credit to India's poor and low-income households. It operates under the brand name ‘Grameen Koota’ in 5 Indian states with a customer base of nearly 2 million women. Grameen Koota offers collateral-free loans and other non-financial services to women from poor and low-income households. Its primary objective is to provide access to credit for rural women to establish small or microenterprises that can accelerate the growth of India’s rural economy. In May 1999, Grameen Koota was founded as a project under the T. Muniswamappa Trust (TMT), a not-for-profit organization in South Bengaluru with seed capital from Grameen Trust, Bangladesh. It replicated the Grameen Bank Bangladesh microfinance model, successfully adapting it to the Indian setting. Grameen Koota was registered as a Non-Banking Financial Company (NBFC) in 2007, which was subsequently reclassified as a Non-Banking Financial Company - Micro Finance Institutions (NBFC-MFI) entity by Reserve Bank of India (RBI) in 2013.

Company Details

Employees
720
Founded
-
Address
Nikita's Building, 2nd Floor, #49, 46th Cross, 8th Block,jayanagar,india
Phone
+91 80 22637300
Email
in****@****ota.org
Industry
Financial Services
NAICS
Finance and Insurance
Monetary Authorities-Central Bank
Keywords
Microfinance.
HQ
Bangalore, Karnataka
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News

Grameen Koota paves way for $236m India listing - GlobalCapital

Grameen Koota paves way for $236m India listing GlobalCapital

CreditAccess-backed microlender Grameen Koota readying for IPO - VCCircle

CreditAccess-backed microlender Grameen Koota readying for IPO VCCircle

Grameen Koota Honoured with ISC-FICCI 2017 Sanitation Award - BW Disrupt

Grameen Koota Honoured with ISC-FICCI 2017 Sanitation Award BW Disrupt

Grameen Koota to raise Rs 100 crore from existing investors - Business Standard

Grameen Koota to raise Rs 100 crore from existing investors Business Standard

Grameen Koota gets Rs 250 crore capital from CreditAccess Asia - The Economic Times

Grameen Koota gets Rs 250 crore capital from CreditAccess Asia The Economic Times

Grameen Koota lowers rates in some categories effective 1 June - Mint

Grameen Koota lowers rates in some categories effective 1 June Mint

Grameen Koota Raises INR 25 Crores From responsAbility - YourStory.com

Grameen Koota Raises INR 25 Crores From responsAbility YourStory.com

Yunus opens headquarters of Grameen Koota in Bangalore - The Daily Star

Yunus opens headquarters of Grameen Koota in Bangalore The Daily Star

Grameen Koota raises Rs 53.20 cr in its third round of equity funding - Business Standard

Grameen Koota raises Rs 53.20 cr in its third round of equity funding Business Standard

Grameen Koota cuts interest rates - Mint

Grameen Koota cuts interest rates Mint

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