The general manager department of corporate services. Financial statements fy 2016 for the period ended 31 march 2016. The bank enjoys relatively stable, lowcost deposits as well as a growing pool of tenured deposits. Creditaccess grameen half yearly results, creditaccess. Creditaccess grameen limited formerly known as grameen koota.
To approve the payment of directors fees for the financial year ended 31 december 2015. Creditaccess grameen limited formerly known as grameen. The annual report of the national plan for financial education plan is an important tool for the dissemination of the main initiatives of this project, launched in 2011 under the aegis of the national council of financial supervisors cnsf in order to. The parish churches of great gransden and little gransden. Approval of the annual report this annual report was approved unanimously by the voting members of the council on may 19, 2015.
Creditaccess grameen detailed director reports covering creditaccess gr financial results and performance report. Creditaccess gr standalone december 2019 net sales at rs 452. It was incorporated on 12 june, 1991 and is located in bangalore, karnataka. Navya disha annual report 201415 navya disha is carrying out development activities for the members of grameen koota since last 8 years. It was work as normal at the company, opening new branches, recruiting and training of new. Italys microventures spa, luxmbourgs microventures investments an affiliate of microventures spa, belgium. Comprehensive report on gps activities and financial performance throughout the preceding year, intended to update its honorable shareholders.
Credit corp is committed to delivering the lowest cost financial products to its customers. The gmcu offers personal and business accounts to an open membership and serves victoria from its head office in shepparton. In 2015 16, navya disha not only achieved all its plans but surpassed many targets too. As per the mca notification dated february 16, 2015, nbfcs shall be.
The company currently operates in 74 districts in the states of karnatake, maharashtra, madhya pradesh, chhattisgarh and tamil nadu. The funds were raised through investments from four funds. On behalf of the entire team of grameen koota, i am happy to inform all the readers of our 2015 annual report that grameen koota has successfully completed another year of providing micro. Management report fiveyear key figures and ratios fiveyear key figures and ratios dkk000 except key figures 2015 2014 20 2012 2011 income statement revenue 162,017 2,392 123,584 117,400 111,458 production costs 59,452 47,193 48,2 50,186 49,296 gross profit 102,565 85,199 75,452 67,214 62,162. Creditaccess grameen directors report, creditaccess gr. Organization chart executive officers and auditors pdf 46. All our products are priced to deliver a 16 to 18 per cent.
Though it is a pleasure to be presenting grameen koota s 18th annual report in a row, i submit it has been a challenging year, especially the last six months, not only at grameen koota but for the mfi sector as a whole. Creditaccess grameen balance sheet, creditaccess grameen. Grameen bank bank for the poor, who have small business. Issuu is a digital publishing platform that makes it simple to publish magazines, catalogs, newspapers, books, and more online. An employee of grameen koota, which is a division of grameen financial services has allegedly committed a fraud of rs 1. Microfinance bank grameen koota uses an opensource. Grameen bank suspend mobile banking with progoti system ltd. To receive the audited financial statements for the financial year ended 31 december 2015 together with the reports of the directors and the auditors thereon. Creditaccess grameen reports strong aum growth in q3. Profile caagk, operating as grameen koota, is a pioneer in the microfinance industry and commenced microfinance operations in 1999. Grameen koota financial services pvt ltd in india caagk.
Financial statements fy 2016 for the period ended 31 march. Regulations, 2015 sebi lodr annual report pursuant to applicable provisions of sebi lodr, please find enclosed annual report of the company for the fy 201819. Hundred per cent provisioning is done when flexible loan completes the second year. Dec 14, 2009 grameen koota, an indiabased microfinance institution mfi that is a division of grameen financial services private limited, has raised equity capital worth inr 27. Akash chowa beauty parlor the parlor with high sky ambition. The company has ten directors george joseph, anal jain kumar, and others. At grameen foundation india, we believe that when poor rural women are empowered with knowledge and commensurate resources, they are able to transform their lives and the lives of their larger communities. Lapo also has access to financing from a number of local. Our projects, have already impacted over 1 million women and counting. Annual report fy 2016 47 consolidated statement of cash flows note 2015 2016 2014 2015 euroeuro financing activities proceeds from issuance of ordinary shares 21,584,782 proceeds from borrowings 288,354,920 175,586,380 purchase of shares from noncontrolling interest holders 614,307. Grameen bank grameen bank bhaban mirpur2, dhaka1216 bangladesh phone. We aspire to provide financialand nonfinancialproducts to.
Reddy in december 1996, inspired by the book give us credit by alex counts, president and ceo, grameen foundation usa. At the same time, we build capacity of stakeholders to equip them to address these challenges. Annual general meeting 02 annual report 2015 agenda 1. Gmcu is a mutually owned financial services organisation which has been meeting the financial needs of its members since 1965. Muniswamappa trust, a registered public charitable trust.
It makes small loans known as microcredit or grameencredit to the impoverished without requiring collateral. Abbreviations for council member agencies and member agency of. Please select your topic of interest among the pdf files. Grameen foundation breakthroughs to end poverty and hunger. Creditaccess grameen limited company information, financial. Annual report 2015 rhode island community food bank. Except as otherwise indicated, data cited in this report is as of march 31, 2015. Portuguese national plan annual report todos contam. Yours sincerely creditaccess grameen limited syam kumar r company secretary creditaccess grameen limited. Annual report 201516 vision and mission the three words of ancient sanskrit phrase arthah samajasya nyasah get reflectedin the mottoand philosophy behind the companys ideology that wealth is the trust property of the society and business with a social conscience. Report and recommendation of the president to the board of. As a measure of economy, copies of the annual report will not be distributed at the venue of agm.
Report on grameen bank in bangladesh assignment point. Creditaccess grameen limited formerly known as grameen koota financial services private limited regd. Report of the operating companies annual report financial. Jan 27, 2020 creditaccess grameen limited is a listed public company. Creditaccess grameen limited was born out of the need for timely and affordable credit to indias poor and lowincome households. Grameen bank has a very rigorous policy on bad debt provisioning. We work predominantly with members of grameen koota and their families to create awareness on the impact of these social challenges on our communities. May 23, 2020 grameen koota financial services piramal, jsw, tata power among cos seeking loan moratorium many large corporations have also taken option to delay their interest payments as the lockdown cripples cash flows and makes the resumption of activity uncertain. If a loan does not get paid back on time it is converted into a special type of loan called flexible loan, and 50 per cent provisioning is done at the first annual closing. Grameen founder is nobel laureate professor muhammad yunus. Annual report 200809 10 in 1999, grameen koota gk began as part of the t. In the meeting on february 16, 2016, the supervisory board dealt with the annual company financial statements, the annual consolidated.