Grameen Financial Services

Grameen Financial Services Pvt Ltd (Grameen Financial) is an NBFC set up in 1991 as Sanni Collection Pvt Ltd. The company was taken over by its current management in 2007 and renamed as Grameen Financial Services Pvt Ltd. Grameen Financial commenced its microfinance operations in October 2007 by taking over the microfinance portfolio of Grameen … Continue reading “Grameen Financial Services”

Top Microfinance Companies in India 2014 – 2015 List

After a gap of more than five years, CRISIL – India’s leading agency for microfinance ratings has released it’s updated list of the top microfinance companies in India titled “India’s 25 Leading MFI’s“ for the years 2014 – 2015. The previous ranking of Microfinance Institutions was released in 2009 and was titled India’s Top 50 Microfinance Institutions. CRISIL has been … Continue reading “Top Microfinance Companies in India 2014 – 2015 List”

IFMR concludes Rs 51.1 Crore loan securitization

IFMR Capital recently structured and arranged two Microloan Securitisation transactions – Aether IFMR Capital 2011 involving a single originator Grameen Financial Services Private Limited (Grameen Koota) and MOSEC 7, a multi-originator securitisation transaction involving seven Non-Banking Finance Companies. Mosec 7 On September 7 2011, IFMR Capital concluded a Rs. 511 million multi-originator microloan securitisation backed by 49,881 microloans originated by … Continue reading “IFMR concludes Rs 51.1 Crore loan securitization”

Grameen Koota becomes first certified Indian MFI to use PPI

Grameen Foundation India last week announced that Indian microfinance institution (MFI) Grameen Koota, division of Grameen Financial Services Private Limited (GFSPL), is the first fully certified user of the Progress out of Poverty Index® (PPI®) in that country. PPI certification demonstrates that MFIs and other PPI users are using the tool correctly, and ensures the … Continue reading “Grameen Koota becomes first certified Indian MFI to use PPI”

Grameen Bank responds to allegations in Caught in Micro Debt Documentary

Filmmaker Gayle Ferraro takes a trip to Jobra, Bangladesh, to seek what really happened to Sophia Begum, the famous bamboo stool maker whom Muhammad Yunus writes about in his books. Tom Heinemann’s documentary “Caught in Micro Debt” falsely alleges that he talked to her daughter, and that she died in poverty, but Gayle reveals that … Continue reading “Grameen Bank responds to allegations in Caught in Micro Debt Documentary”

Grameen Koota employee commits fraud of Rs 1.1 Lakh – Police case lodged

An employee of Grameen Koota, which is a division of Grameen Financial Services has allegedly committed a fraud of Rs 1.1 Lakh by forging the signatures of the companies senior officials to get loans sanctioned. The employee named Rudresh is also alleged to have misappropriated the loan repayments made by borrowers , the J.P Nagar … Continue reading “Grameen Koota employee commits fraud of Rs 1.1 Lakh – Police case lodged”

IFMR Capital Structures INR 165.5 million Microloan Securitisation with Grameen Koota

IFMR Capital recently structured and arranged an INR 165.5 million securitisation transaction. The transaction is backed by 25,768 microloans originated by well-known Bangalore based MFI, Grameen Financial Services Pvt. Ltd., popularly known as Grameen Koota. This is the third rated transaction with Grameen Koota as originator. Closing the transaction at this point of time in the … Continue reading “IFMR Capital Structures INR 165.5 million Microloan Securitisation with Grameen Koota”