CreditAccess Grameen Limited NCD 2022

About Company - CreditAccess Grameen

CreditAccess Grameen Limited was incorporated on 12, 1991 at Calcutta, CreditAccess Limitedst Bangal. CreditAccess Grameen Limited (CA Grameen) is India's largest microfinance institution, headquartered in Bengaluru, Karnataka. CreditAccess Grameen provides a wide range of products, designed in keeping various life cycle needs of its customers such as income generation, health care, education, festival celebration, home improvement, water, and sanitation.

This company focuses customer segment are women having an annual household income of up to Rs. 300,000 as per the new microfinance regulations announced by RBI in March 2022. CreditAccess Limited provide loans primarily under the joint liability group ('JLG') model. Its primary focus is to provide income generation loans to its customers. CreditAccess Limited focus predominantly on customers in Rural areas in India, who largely lack access to the formal banking sector and present a latent opportunity for offering micro-loans.

CreditAccess Limited also provide individual retail finance loans 'Unnati Loans' to its existing customers. These loans are mainly offered to customers to establish a new enterprise or expand their existing business, meet their working capital requirements, purchase of inventories, machinery, two wheelers, etc.

This company has been followed by CreditAccess Limited a strategy of contiguous district-based expansion across regions. CreditAccess Limited believe that the acquisition of MMFL in Fiscal 2020 also helped us with geographical diversification, and deeper rural penetration. As of September 30, 2022, CreditAccess Limited have presence in 333 districts in the 14 states and one union territory (Puducherry) in India through 1,684 branches and 16,018 employees, serving active consolidated customer base 132 of 38.0 lakhs, as of September 30, 2022.