CreditAccess Grameen Limited announced that the term of office of Mr. R. Prabha, as an Independent Director, came to an end on 3 November 2020 and consequently, he ceased to be a Director of the Company. Mr. Prabha was a Director of the Company for two successive terms of 5 years each. Ms. Jessie Paul has been appointed as Independent (Additional) Director with effect from 16 September 2020. She has 25 years of experience in marketing. She was Global Brand Manager of Infosys, headed marketing for challenger brand iGATE and went on to be Chief Marketing Officer of Wipro Technologies. In 2010, she founded Paul Writer a marketing SE advisory firm that works with global and Indian clients to maximise marketing impact through a combination of consulting, content and community management. She also serves on the Boards of Expleo Solutions, Royal Orchid Hotels and Bajaj Consumer Care.
CreditAccess Grameen Limited is an India-based microfinance company focused on providing micro-loans to women customers predominantly in rural areas. The Company operates in approximately 353 districts in 14 states and one union territory in India through 1,826 branches. The Company operates in a single business segment that is lending to members. Its microfinance group lending products include income generation loan, home improvement loan, family welfare loan and emergency loan. The Company's microfinance individual lending product is Unnati loan. Its retail finance products include grameen vikas loan, grameen two-wheeler loan, gruha vikas loan and grameen swarna loan. The Company's distributor products include grameen suraksha, life insurance and national pension scheme (NPS) - Swavalamban. It has tied up with various insurance service providers, including HDFC Life and Kotak Life to provide insurance coverage to customers and spouse/co-borrowers (applicable for retail finance).