Tag Archives: Grameen Koota

ADB Provides $32 Million to CreditAccess Asia

Asian Development Bank (ADB) last week signed a deal to provide $32-million credit to CreditAccess Asia (CAA), an Amsterdam-based microfinance holding company with operations in India, Indonesia and the Philippines. The investment of $32 million would be to increase the capital for the growth of CAA-owned microfinance institutions under the financial inclusion policy of the asian bank. operations. In addition, ...

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CreditAccess Asia Planning IPO ?

Netherlands-based Asian microfinance holding company CreditAccess Asia is reportedly planning to invest Rs.1000 crore in Asia, including India where its subisdiary Grameen Koota is fourth largest in the country. CreditAccess Asia (CAA) has recently raised about Rs 671 crore via equity capital, including Rs 212 crore from Asian Development Bank (ADB), funding from existing investor Olympus Capital Asia and another ...

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CreditAccess Raises $30 Million from Olympus, to Invest in MFIs

Multi-country microfinance operator CreditAccess Asia, based in Netherlands, has raised $30 million from Hong Kong-based private equity firm Olympus Capital Asia, heralding the first fundraising in 2016. The money raised will be used for Asia-based operations and their expansion in line with its future plan to enter two more countries, apart from India and southeast Asia, where it is operational ...

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Bangalore-based Grameen Koota Gets Top Microfinance India Award 2015

Bangalore-based Grameen Koota has been awarded the Microfinance Organization of the Year (Large) 2015, at the 7th edition of the Microfinance India Awards ceremony held as part of the Inclusive Finance India Summit on Tuesday in New Delhi. The Awards honour the MFIs which have contributed positively to the growth of the industry and maintained transparency and customer-centric approach. Most ...

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Smart Campaign Recognizes 5 MFIs at Inclusive Finance Summit 2015

The Smart Campaign, a global movement to embed client-protection principles in microfinance institutions worldwide, on Tuesday recognized five Indian financial institutions with Smart Certification, acknowledging their high standards of client care. The five are Arohan, Grameen Koota, Janalakshmi, Sonata and Utkarsh. This is the third year in a row that the Campaign has recognized Smart-Certified Indian institutions at the annual ...

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Missing Middle: Microfinance Industry Hopes Small Finance Banks Will Fill Gap

Microfinance industry experts who addressed the annual Inclusive Finance Summit 2015 in New Delhi on Wednesday have expressed optimism that the new Small Finance Banks will fill the "missing middle" in reaching the unbanked and bottom of the pyramid. Eight out of 10 Small Finance Banks which have been given in-principle nod by RBI are microfinance institution (MFIs). While some ...

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Temenos Provides Grameen Koota with T24 Core Banking Solution Platform

Technology firm Temenos, known for providing mission-critical solutions to the financial services industry, has enlisted Bangalore-based microlender Grameen Koota as its major client for the Temenos T24 banking platform solutions. In association with Tech Mahindra, a specialist in digital transformation, consulting and business re-engineering, Temenos said it has implemented Temenos T24 for Grameen Koota Financial Services Private Limited, which it ...

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