Grameen Koota Financial Services Pvt. Ltd.

Grameen Koota was visualized in 1997 based on the book ‘Give us credit’, by Alex Counts, which gives an account of the impact of micro credit on the lives of the poor in Bangladesh and the United States. Highly inspirational stories of large numbers of individuals rising above the poverty line through the use of micro credit inspired the trustees of the T. Muniswamappa Trust to replicate a similar program for the benefit of poor of Avalahalli and it’s surrounding villages where Grameen Koota is located. Thus Grameen Koota was born and started it’s operation on 30th May 1999 with the help of seed capital funding from Grameen Trust. Since then Grameen Koota has built its knowledge and expertise in the Indian microfinance sector. This factor, along with a clear mission and a dedicated team has allowed the Bangalore-based Microfinance Institution (MFI) to serve over 100,000 clients who lack access to formal financial services. Through the provision of small loans - approximately INR 7,000 (USD 166 ) to INR 35,000 (USD 830) - we have helped women who typically earn less than or between INR 42-84/day (USD 1-2/day), start income generating activities such as trading, animal husbandry, agricultural production, and transportation .