CreditAccess Grameen’s consolidated Gross Loan Portfolio (GLP) rose by 18.4% year-on-year (YoY) to Rs 14,587 crore at end of December 2021. The company’s consolidated disbursements stood at Rs 1,845 crore in December 2021 as against Rs 1,505 crore in November 2021. Consolidated branch network grew by 14.7% YoY to 1,593 branches in December 2021. 204 new branches opened in the calendar year 2021, primarily across newer markets.
90,505 new borrowers added in December 2021 as against 59,930 in November 2021 on a consolidated basis. Cumulative addition of 3,50,167 new borrowers since July 2021.
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.
