MoneymintMoneymint
    • About
    • Bank
    • Blog
    • Business
    • Money
      • Credit Cards
      • Crypto
      • Investments
      • Tips
      • Review
    • Net Worth
    • Disclosure
      • DMCA
      • Terms and Conditions
      • Privacy Policy
    Subscribe
    MoneymintMoneymint
    Home»Microfinance

    Grameen Financial Services

    ADITYABy ADITYAJune 8, 2023 Microfinance
    Facebook Twitter LinkedIn Email
    grameen-financial-logo
    Share
    Facebook Twitter LinkedIn Pinterest Email

    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 Koota, part of T Muniswamappa Trust.

    Grameen Financial Services

    GRAMEEN FINANCIAL SERVICES

    Grameen Koota in turn started its microfinance operations in 1999, after receiving a seed fund programme from Grameen Trust, Bangladesh. Grameen Financial had a network of 161 branches and a loan portfolio of Rs.524 crore as on March 31, 2013.

    Performance on key parameters

    • Portfolio outstanding grew at a CAGR of 44 percent during the 2 years ended March 31, 2013.
    • Asset quality is moderate; the 30+ days past due was around 0.9 percent as on March 31, 2013. Operations are predominantly concentrated in Karnataka (which accounted for 80 percent of the loan portfolio as on March 31, 2013).
    • Has relationships with more than 20 lenders, including apex MFIs and public, private, and foreign banks. The company also raises funds through securitization on a regular basis; securitization accounted for nearly 26 percent of its overall borrowings as on March 31, 2013.
    • Capitalization remains adequate for its current and planned scale of operations; the company raised Rs.53.2 crore from Creation Investments (Rs 37.5 crore), Incofin and MicroVentures in February 2013 to support its medium-term growth plans.
    • Profitability through modest has improved during 2012-13 primarily on account of the significant improvement in operating expense ratio; ability to maintain its profitability over the medium term despite the margin cap will be critical.

    GRAMEEN FINANCIAL STATEMENTS

    Portfolio Size and Growth, Outreach

    Grameen Financial Services

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    ADITYA

      Aditya is a talented content writer with a passion for crafting engaging and informative content that resonates with readers. With 10 years of experience in the industry, he has honed his writing skills to produce high-quality content across a wide range of topics.

      Keep Reading
      micro-crisil

      Top 50 Microfinance Institutions in India

      mfi-savings

      Savings in Microfinance Institutions – Legal Framework

      disha-microfinance

      Disha Microfinance

      Latest Articles


      How does eBay Payment Work – Full Guide
      September 21, 2023
      Dhruv Rathee Net Worth
      September 21, 2023
      Kuldeep Yadav Net Worth
      September 21, 2023
      How to Make Money on Pinterest Without a Blog
      September 19, 2023
      CZN Burak Net Worth
      September 19, 2023
      Honey Singh Net Worth
      September 18, 2023
      How to Avoid eBay Buyer Scam
      September 21, 2023
      Raghav Juyal Net Worth
      September 15, 2023
      Tanmay Bhat Net Worth
      September 14, 2023
      How to Use Pinterest for Affiliate Marketing
      September 19, 2023
      Moneymint
      Welcome to Moneymint.com, your go-to destination for navigating the intersection of business and money. Our platform offers insights, resources, and tools to help entrepreneurs and business owners navigate the financial landscape and achieve success.

      Our team is dedicated to providing you with proven advice and ideas from the best in the industry.
      Categories
      • Bank
      • Business
      • Credit Cards
      • Crypto
      • Loan
      • Money
      • Net Worth
      DISCLAIMER

      The information provided on this page is for informational purposes only. We encourage you to conduct your own research and due diligence on any entities named in this article. We are not affiliated with, endorsed by, or sponsored by any products, corporations, or their affiliates or subsidiaries. References to the mentioned apps/websites are dynamic in nature, and we shall strive to keep these updated. The numbers stated may differ from the actual numbers.

      © 2023 Framed Media
      • About
      • Contact us
      • DMCA
      • Terms
      • Privacy Policy

      Type above and press Enter to search. Press Esc to cancel.