CreditAccess Grameen Limited stands as a preeminent player in the Indian microfinance landscape. With its headquarters in Bengaluru, this institution is dedicated to empowering women through micro-loans, predominantly across rural India. Founded in 1999, the company operates in a vast network covering 447 districts across 16 states and one union territory.
The firm's mission, encapsulated in its slogan, is "To be the preferred business partner of 1 Crore low-income households lacking access to credit, by the year 2025." CreditAccess Grameen Limited is bolstered by its parent company, CreditAccess India B.V., renowned for its expertise in micro and small enterprise financing. Their extensive experience in the Indian market exceeds a decade, underscoring a stable growth trajectory.
In a recent financial maneuver, it secured a INR9.90B investment via a Post-IPO Debt on September 11, 2023, signaling strong confidence in its business model from institutional investors. The industry segments it operates in include Finance, Financial Services, Fintech, Lending and Investments, and Banking.