CreditAccess Grameen expands presence in five new states
Leading micro finance institution CreditAccess Grameen Ltd. said on Monday that it expanded its footprint in five new states during June to September. Bengaluru (Karnataka) [India], Oct 22: Leading microfinance institution CreditAccess Grameen Ltd said on Monday that it expanded its footprint in five new states during June to September. After setting up operations in Gujarat, Rajasthan, Uttar Pradesh, Bihar and Jharkhand, the company’s business activities have expanded to 887 branches with 9,817 employees spread across 210 districts in 13 states and union territory. “Our foray in five new states is in line with the company’s contiguous district-based expansion strategy with a strong rural focus,” said Managing Director and CEO Udaya Kumar Hebbar. “There is still significant scope for penetration of microfinance, specifically in deep rural and unbanked areas where low-income households lack access to easy and affordable credit,” he said in a statement. CreditAccess Grameen...