Joint Ventures

Grameen Capital India

Grameen Capital India is a financial advisory firm that helps socially focused organizations in India obtain capital to grow and reach more clients. It was founded in 2008 by Grameen Foundation, IFMR Trust and Citicorp Financial India Ltd to help microfinance institutions get the funding and support they needed to serve India’s poor. Today, it works with microfinance institutions, affordable healthcare providers, low-cost education firms and others, from early-stage enterprises to established industry leaders. Its current shareholders are L&T Finance (which bought a 26 percent stake in July 2015), Grameen Foundation, Citicorp Finance, Amit and Arihant Patni. In 2015, it launched an investment arm, Grameen Impact India.

Grameen-Jameel Microfinance Limited

Grameen Foundation has supported microfinance across the Middle East and North Africa through Grameen-Jameel Microfinance Limited. Grameen-Jameel began as a program of Grameen Foundation and the Abdul Latif Jameel Community Initiatives in 2003 and was incorporated as a social fund in 2007. The fund closed in April 2017, having supported 21 microfinance institutions that collectively reached 1 million clients in 11 countries across the Middle East, North Africa and Turkey. Over its 13 years, Grameen-Jameel provided more than US$20 million in direct loans and more than US$24 million in guarantees that leveraged US$56 million in commercial lending to microfinance institutions. It also provided more than US$4 million of technical assistance.