CreditAccess Grameen
Introduction
CreditAccess Grameen is a leading microfinance institution in India providing financial services exclusively to women and increasing financial inclusion in rural areas. In addition to income-generating loans, CreditAccess Grameen provides financial literacy training, which is expected to contribute to women's economic empowerment and increased income-generating opportunities.
Through Swedfund's investment, women in rural India will have access to income-generating loans to, among other things, start businesses, invest in machinery and increase production, contributing to financial inclusion and increased economic empowerment.
Read more in out press release: Swedish capital endorses women’s economic empowerment in rural India
Facts
SDGs in focus
No Poverty
End poverty in all its forms everywhere.
Gender Equality
Achieve gender equality and empower all women and girls.
Decent Work and Economic Growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
Reduced Inequalities
Reduce inequality within and among countries.
Sector
Financial Inclusion
Financial Inclusion invests in, amongst others, regulated banks and microfinance institutions to reach out more broadly and effectively.
Value creation
Our impact
Our investment promotes economic growth and financial inclusion, as well as jobs and other income-generating opportunities locally. The investment also contributes to women's economic empowerment by providing women with capital and offering products and services that specifically benefit women and girls.
ESG
We are working closely with the company to further develop its environmental and social management systems and to address issues related to good customer protection practices. We are also working to strengthen the company's anti-corruption management system.
Additionality
Our investment is financially additional as it is made in a challenging context and business environment. The investment is value additional in that it prioritises the environment and sustainability and has a clear focus on strengthening women's economic empowerment.