Grameen Koota Financial Services
Sector: Residential • Location: India
Source: International Finance Corporation (IFC)
The proposed investment envisages a senior debt investment in Grameen Koota Financial Services Private Limited (“Grameen Koota” or the “Company”) which is a Reserve Bank of India (“RBI”) registered non-banking finance company microfinance institution (“NBFC-MFI”) and has been in micro-credit operations since 1999. The Company operates in 5 Indian States across 71 districts through 298 branches and
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
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Contact
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Description
Description | The proposed investment envisages a senior debt investment in Grameen Koota Financial Services Private Limited (“Grameen Koota” or the “Company”) which is a Reserve Bank of India (“RBI”) registered non-banking finance company microfinance institution (“NBFC-MFI”) and has been in micro-credit operations since 1999. The Company operates in 5 Indian States across 71 districts through 298 branches and has a borrower base of around 1.2 million woman borrowers, a loan portfolio of INR1,800 million (approximately US$272 million equivalent). It is the 6th largest MFI (in terms of gross loans) in India as of December 2015. IFC’s proposed investment will help Grameen Koota to diversify its sources of funding and to expand the outreach of access to microfinance to borrowers who have little or no access to formal sources of financing. |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Location
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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