The Big ONE
Are you Ready for a Culture Change?
The Big ONE is our movement representing a tectonic shift in our thinking about our sustainability. The Big ONE project is designed by a collection of San Francisco Bay Area non-profit organizations and community members. The project peaks every year in June, as a two-day non-commercial free event in Golden Gate Park focusing on solutions-oriented communit ...learn more
GROUP DETAILS
Created: Dec 18, 2007
Updated: Nov 27, 2009
Membership: Open To Apply
Semi-Private
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About [Edit]
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 .
Vision : The vision of Grameen Koota is to impact poverty by bringing all mainstream financial and capacity building services to poor households in a sustainable manner.
Mission : To constantly deliver need based financial services in a cost effective manner and to become a sustainable micro finance institution.
Objectives & Goals
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 .
Vision : The vision of Grameen Koota is to impact poverty by bringing all mainstream financial and capacity building services to poor households in a sustainable manner.
Mission : To constantly deliver need based financial services in a cost effective manner and to become a sustainable micro finance institution.
Objectives & Goals
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| Core Values | |
| » | Honesty |
| » | Transparency |
| » | Timeliness |
| » | Accountable |
| » | Knowledge and Information Sharing |
| » | Delivery of Promises |
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Strategies |
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| » | To cover remaining 13 districts in Karnataka by 2012 |
| » | Conduct market research to support expanding to other states |
| » | Consider expansion to other states |
| » | 10% of our portfolio should be individual loans |
| » | Enhance institutional capacity to reach the above goals |
| » | Establish long term partnership with lending institutions, investors & donors |
| » | Create HR policies such that, Grameen Koota will be preferred employer |
| » | Constantly work on cost reduction and increase efficiency |
