CreditAccess Grameen Ltd
CreditAccess Grameen Ltd Company History
CreditAccess Grameen is engaged primarily in providing micro finance services to women who are enrolled as members and organized as Joint Liability Groups (‘JLG’) or Self Help Groups (‘SHG’). In addition to the core business of providing micro-credit, the Company uses its distribution channel to provide certain other financial products and services to the members.
1998
The Company obtained NBFC registration
1998
2007
Acquired the microfinance business under the brand name Grameen Koota from TMT
2007
2008
Launched Mifos software in all branches
Commenced operations in Maharashtra
2008
2010
Raised Rs. 576 million through securitisation
2010
2011
Commenced integration with Credit Bureau for credit decisions
Commenced multi-product strategy
2011
2013
Granted NBFC Â MFI license with effect from September 5, 2013
2013
2014
CAA acquired a majority stake in the Company
2014
2015
Commenced operations in Madhya Pradesh and Chhattisgarh
Established seven regional processing centres across the CompanyÂs operational geographies
Launched a core banking IT solution  T24
The Company was awarded the Microfinance India Award  2015 for Microfinance Organisation of the Year (large) by Access and HSBC
The Company was awarded the Smart Campaign Client Protection Certification by the Smart Campaign
2015
2016
Introduced business loans facilities as part of the Retail Finance division of the Company
Awards and Accreditations
The Company was awarded the COCA Â 1 (Very High Level of Adherence) awarded by Smera Ratings Limited
2016
2017
The Company was awarded the Skoch Award  Resilient India Award 2017 for Sanitation Loan by the Skoch Group
The Company was awarded the Skoch Order of Merit for Sanitation Loan by the Skoch Group
The Company was awarded the Skoch Order of Merit for Micro-Credit by the Skoch Group
The Company was awarded the ISC  FICCI Sanitation Award  Best Financial Accessibility for Sanitation by the FICCI
The Company was assigned a MFI grading of mfR1Â by CRISIL Limited
The Company was rated as ICRA AÂ for Rs. 2,013.07 crores bank limits by ICRA Limited
The Company was rated as ICRA AÂ for Rs. 887 crore NCD Programme of the Company by ICRA Limited
The Company was rated as ICRA A1Â for Rs. 220 million crore Subordinated Debt Programme of the Company by ICRA Limited
The Company was rated as ICRA A1Â for Rs. 200 Commercial Programme of the Company by ICRA Limited
Grameen Koota receives the SKOCH Resilient India Award 2017
2017
2018
The Company was rated as ICRA AÂ for Rs. 2,013.27 crore credit limits by ICRA Limited
The Company was rated as ICRA A1+Â for Rs. 200 crore Commercial Paper Programme of the Company by ICRA Limited
The Company was rated as ICRA AÂ for Rs. 887 crore NCD Programme of the Company by ICRA Limited
The Company was rated as ICRA AÂ for Rs. 22 crore Subordinated Debt Programme of the Company by ICRA Limited
ICRA Limited changed the outlook rating from stable to positiveÂ
CREDITACCESS GRAMEEN LIMITED Acquisition of Madura Micro Finance Limited
2018
2019
CreditAccess Grameen wins CNBC-AWAAZ CEO Awards 2019
CreditAccess Grameen Limited, IndiaÂs leading NBFC-MFI has expanded its footprint in five new states
CreditAccess Grameen adjudged as Winner in the Best NBFC category
CreditAccess Grameen wins Micro Finance Organization of the Year Award 2019
2019
2020
CreditAccess Grameen wins Silver Stevie® Award for excellence in Innovation in Financial Industries
Grameen wins Inclusive Finance Award 2019
CreditAccess Grameen Maintain ÂGood Liquidity Position Amid Lockdown
CreditAccess Grameen hikes stake in Madura Micro Finance
2020
2021
CreditAccess Grameen wins the Micro Finance Organization of the Year Award 2020.
2021
2022
CreditAccess Grameen Limited awarded Gold Level in Client Protection Principle Certification.
"CreditAccess Grameen Limited wins "Gold Shield Award for Integrated Reporting" by the by the Institute of Chartered Accountants of India."
2022
2023
CreditAccess Grameen wins Microfinance Organisation of the Year Award '' 2023".
Scheme of Amalgamation between the Company and Madura Micro Finance Limited.
.-The Company has been awarded the prestigious 'Breaking Ground in WASH Financing' award at the 19th Inclusive Finance India Summit held in New Delhi
2023
