India
CreditAccess Grameen Limited, formerly Grameen Koota Financial Services Pvt. Ltd., operates under the brand name Grameen Koota, providing crucial financial services primarily to women in five Indian states. Founded in 1999, the venture aims to deliver collateral-free loans to low-income households, thus empowering women to foster micro or small enterprises and boost rural economies.
Originally a project under the T. Muniswamappa Trust with initial backing from Grameen Trust, Bangladesh, the company modeled itself after the Grameen Bank microfinance system. Recognized as a Non-Banking Financial Company in 2007 and reclassified as a Non-Banking Financial Company - Micro Finance Institution (NBFC-MFI) by the Reserve Bank of India in 2013, Grameen Koota stands out in the Finance and Lending sectors, with a customer base reaching nearly 2 million women.
The company has yet to disclose recent investments or investors, leaving potential for strategic financial partnership opportunities.
Kinara Capital
Sustainable Agro-commercial Finance Ltd.
