CreditAccess Grameen's consolidated gross loan outstanding rises 18% to Rs 14,071 cr

Microfinance firm CreditAccess Grameen said that its group gross loan portfolio grew by 18 per cent year-on-year to Rs 14,071 crore at the end of November while monthly loan recovery or collection efficiency remained stable at 93%.

The group's loan disbursement for the months rose to Rs 1,505 crore against Rs 1,371 crore in October, driven by increased customer confidence

CreditAccess's stanadlone gross loan portfolio stood at Rs 11770 crore while its group company Madura Micro Finance has it at Rs 2301 crore.


Loan repayments by the borrowers were stable despite a brief period of festivities and unseasonal rains in Tamil Nadu and Karnataka, the company said Thursday.