CreditAccess Grameen Ltd.

Incorporated in 1991, Bengaluru based CreditAccess Grameen Limited is a company engaged in providing micro-loans to women in Rural Areas in India. According to CRISIL Research,as of March 31, 2017, the company is third largest NBFC-MFI in gross loan portfolio in the country.The company primarily focuses on providing income generating loans to women with low annual household income in Rural Areas. It also provides other types of loans for family welfare, home improvement and emergency funds.The loans are provided primarily under the joint liability group ("JLG") model. Income generation loans comprise 87.02% the total JLG loan portfolio.Presently the company covers 132 districts in the eight states (Chhattisgarh, Goa, Karnataka, Kerala, Maharashtra, Madhya Pradesh, Odisha, Tamil Nadu,) and Puducherry. It has a network of 516 branches and 4,544 loan officers.The Gross AUM was Rs 49,746.61 million as of March 31, 2018.The loan disbursements were Rs 33,488.46 million, Rs 34,026.29 million and Rs 60,817.22 million, the financial years ended March 31, 2016, 2017 and 2018 respectively.The net interest income was Rs 2,487.04 million, Rs 3,852.04 million and Rs 5,109.85 million for the fiscal years ended March 31, 2016, 2017 and 2018 respectively.Strengths of the Company-1. Promoted by CreditAccess Asia N.V., a multinational company specializing in MSE financing.2. Strong financial performance with Gross AUM growth at a CAGR of 57.45% from Rs 8,095.22 million in March 31, 2014 to Rs 49,746.61million in March 31, 2018.3. Deep penetration in the rural market with 1.85 million active Customers out of the total Customer base of 2.19 million. The company's 422 out of 516 branches are categorized as rural branches.4. Well-diversified operations with no single district contributing more than 5% of Gross AUM5. Strong operational efficiency with the lowest operating expense ratio amongst the top-eight NBFC-MFIs and SFBs for 2017, according to CRISIL