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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

Since 2003, Grameen Foundation has supported microfinance across the Middle East and North Africa region as a means of creating opportunities for the area’s poorest, especially women. In 2007, we collaborated with Bab Rizq Jameel Limited, a subsidiary of the Abdul Latif Jameel Group (ALJ), to found Grameen-Jameel Microfinance Limited (Grameen-Jameel). Headquartered in Dubai, Grameen-Jameel is a joint venture company that oversees all regional activities for Grameen Foundation. Modeled after the social business concept championed by Professor Muhammad Yunus, the company reinvests profits into the business rather than distributing dividends, which keeps capital flowing into the hands of borrowers who need it.