CREDITACCESS GRAMEEN LIMITED
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
CreditAccess Grameen Limited (Grameen) commenced microfinance operations as an NGO in 1999 and transformed into a non-deposit NBFC in 2007. It provides loans to women micro-entrepreneurs through the joint liability group model and has more than 1600 branches across 14 states and 1 union territory with a strong rural focus.
What is our funding objective?
Grameen issued senior secured non convertible debentures totaling USD 30mln to FMO for a tenor of 5 years. The funds will be used to further grow Grameen's microfinance portfolio.
Why do we fund this investment?
Our funding supports the growth of Grameen’s microfinance portfolio, which is primarily focused on woman micro entrepreneurs, largely in rural areas, therefore contributing to FMO's goal to support SDG 10 ‘Reducing Inequalities’.
What is the Environmental and Social categorization rationale?
The transaction is considerE&S category C based on the nature of the portfolio. Grameen does not lend to sectors on the exclusion list.
More investments
| Date | Total FMO financing |
|---|---|
| 11/6/2019 | INR 2140.00 MLN |
- Region
- Asia
- Country
- India
- Sector
- Financial Institutions
- Effective date
- 11/16/2022
- Total FMO financing
- INR 2400.00 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C