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CreditAccess Grameen completes direct assignment transaction of Rs 434.99 crore

01 Jan 2020 Evaluate

CreditAccess Grameen has completed direct assignment transaction of Rs 434.99 crore on December 31, 2019, which also the total amount drawn during this quarter in the form of Direct Assignment. With this transaction, the company has completed one securitization and four Direct Assignment transactions and have drawn a total of Rs 816.69 crore in FY20.

CreditAccess Grameen is a leading Indian micro-finance institution headquartered in Bangalore, focused on providing micro-loans to women customers predominantly in Rural Areas in India.

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