Unitus Microfinance Partner Grameen Koota Improves the Lives of 100,000 of India’s Working Poor
Bangalore-based Microfinance Institution Achieves Rapid Growth with Support from Unitus
Redmond, WA—April 10, 2007— Grameen Koota, a Unitus microfinance institution partner in India, today announced that it is now providing life-changing financial services to more than 100,000 of India’s working poor. Grameen Koota is bringing economic opportunity to a huge underserved market; 800 million of India’s 1 billion people living on less than $2 a day. Grameen Koota’s accomplishment is especially noteworthy because fewer than 2 percent of microfinance institutions in the world reach the 100,000-client benchmark, making Grameen Koota a leader in the fight to alleviate global poverty. Through its multi-year partnership with Unitus, Grameen Koota plans to reach 500,000 of India’s working poor by 2010.