CreditAccess Grameen Limited

CreditAccess Grameen Limited is a leading Indian micro-finance institution headquartered in Bengaluru, focused on providing joint liability group based micro-loans primarily to women customers predominantly in rural areas in India. They offer a diverse suite of micro-loans that cater to critical needs of the customers throughout their life cycle and includes income generation, health care, emergency, education, festival celebration, home improvement, water, and sanitation. They also offer non-credit solutions like insurance and Aadhar enabled cash withdrawals to the customers.  Company has followed a strategy of contiguous district-based expansion across regions. As of June 30, 2023, they have presence in 353 districts in the 14 states (Karnataka, Maharashtra, Madhya Pradesh, Tamil Nadu, Kerala, Odisha, Chhattisgarh, Goa, Bihar, Jharkhand, Gujarat, Rajasthan, Uttar Pradesh and West Bengal) and one union territory (Puducherry) in India through 1,826 branches and 17,391 employees, serving an active customer base of 44.2 lakhs, as of June 30, 2023. Based on rating the coupon rates are good, financial performance also good and industry is also showing good growth. So we give SUBSCRIBE rating to this debt offer.

• 1  CreditAccess India B.V