Grameen Koota

1999

For-profit

Finance

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Details


Region of operation

Karnataka, Maharashtra, Tamil Nadu

Headquarters address

Avalahali JP Nagar-9th Phase Banglore Country: India Zip: 560026

Target problem

Grameen Koota, was born out of the need for timely and affordable credit to India's poor and low-income households. It offers collateral-free loans as well as other services to women from poor and low-income households. Creation of equal opportunities and inclusive development of both urban and rural poor is what inspires GK to strive ahead. These loans help the clients raise their standard of living and consequently help break themselves and their families out of poverty. Grameen Koota steadily groomed a class of mature and financially literate women entrepreneurs, who began to outgrow the group lending model.

Key product / Service

Credit, Insurance, pension, workshops, healthcare programs

Team size

More than 500

Number of beneficiaries

863198

Awards and recognition

  • 2013: Skoch Financial Inclusion Award in January 2013 within the Microfinance category.
2013: Client Protection Certification awarded by Smart Campaign 2012: Silver Microfinance Information Exchange (“MIX”) Social Performance Reporting Award 2011: Silver MIX Social Performance Reporting Award 2011: Hanson wade Asia Microfinance Recognition Award (Successful product innovation for Water and Sanitation Loan) 2010: Hanson wade Asia Microfinance Recognition Award (Social and Financial Transparency) 2010: Hanson wade First Runner Up in the Microfinance Recognition Awards (in the 'Commitment to Social Performance and Transparency' category) 2008: Growth Recognition Award from Unitus 2008: Microfinance Process Excellence Award (MPEA) by PlaNet Finance and RBS Group 2007: Microfinance Pioneer award from Grameen Foundation-USA 2006: Microfinance Process Excellence Award (MPEA): National Winner – by PlaNet Finance & ABN AMRO 2005: Microfinance Process Excellence Award (MPEA) by PlaNet Finance

Funding and Operating Model


Funding round

Higher than Series B

Total funding raised

Business details

Grameen Koota Financial Services Pvt. Ltd. (GKFSPL) is a registered non-banking financial company (NBFC-MFI) actively engaged in the microfinance sector. Its services are focused towards the rural poor and low income households particularly women.

Partners and key clients

Clients are primarily women from low income households in rural and urban areas who aspire to better their lives and that of their families.

Images and trivia


Image gallery

Trivia

Grameen Koota was visualized by Mrs. Vinatha M. Reddy in December 1996, inspired by the book ‘Give Us Credit’ by Alex Counts, President and CEO, Grameen Foundation USA. The book detailed remarkable stories of Bangladesh's poor who raised themselves out of poverty through the use of micro-credit during the microfinance movement, spearheaded by Nobel Laureate Professor Muhammad Yunus.

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