Grameen Koota

A Mirco Finance Institution

Annual Report 2006-2007

 Karnataka
Operational Areas

Branches of Grameen Koota across 13 districts of Karnataka

 Message from CEO
O
n behalf of the entire team at Grameen
Koota we are pleased to be presenting our
8th Annual Report. It gives us a great sense
of achievement and pleasure to be sharing critical
information at all levels with Grameen Koota’s partners,
donors, bankers, well wishers and other stakeholders.

Apart from the robust growth and expansion witnessed

at Grameen Koota, the year gone by was heartwarming
for the micro-finance sector as a whole. 2006 was a
breakthrough year for micro-finance with Prof.
Muhammad Yunus winning the Nobel Prize. completed, Grameen Koota will be better placed and
Enormous visibility and thrust was created worldwide. poised to reaching out to 10 per cent of Karnataka’s
In India, the introduction of the Micro-Finance Bill in poor households in the near future. Grameen Koota
Parliament by the Finance Minister Mr. Chidambaram will also endeavour to expand credit plus activities to
gave the sector formal recognition. Another positive include awareness building on health, primary
note was the setting up of the Rangarajan Committee education, financial literacy, gram sabhas, RTI etc.
for Financial Inclusion. Closer home in Karnataka the
At Grameen Koota, we are happy that in whatever
initiative to form an MFI network has taken seed with
little way we are helping our clients, we are bringing
the formation of AKMI (Association of Karnataka Micro-
about change, enabling the poor to participate in the
Finance Institutions) to help in the healthy growth of
India growth story by providing them opportunities.
the sector in the state. This year has also seen better
Thus we are also committed to contributing towards
flow of funds. All in all the tide has at last turned for the
India reaching its Millennium Development Goals.
micro finance sector. The realisation that the spectacular
9 per cent GDP growth in India has to be made
We take this opportunity to thank our fellow MFI 1
inclusive by paying attention to the last, the least and
practitioners and networks for their mentoring and
the lost has become the nation’s mantra. Financial
support. We thank our Board and our Trustees for their
sector reforms heralding universal access to credit
guidance. We thank our Banks, donors, financial
and Banking Inclusion are everywhere in the air.
institutions, partners and other stakeholders for their
implicit faith in Grameen Koota’s work.
The year also saw the start of the process for
transforming Grameen Koota from an NGO-MFI to
We welcome your comments and suggestions.
an NBFC in order to expand our outreach by raising
capital and resources. We hope to complete this Vinatha M. Reddy
process by end of 2007. With the transformation Chief Executive Officer
Message from COO
T
he financial year from April 06 to March 07 has
been yet another year of high growth at
Grameen Koota. We continue to reach out to
more poor households in both rural areas and urban
slums. We have expanded our branch network into
13 districts of Karnataka.
As in the previous year, we have doubled our outreach
from 50,657 to 1,09,251 poor women clients. Grameen
Koota disbursed Rs. 91.57 crores as compared to
Rs. 40.38 crores in the last financial year. The
outstanding has increased from Rs. 22.16 crores to
Rs. 45.98 crores as on 31st March 2007. We have
opened only 11 branches during this year against the
planned 44 branches. However we have reached
the outreach targets with a change in strategy to grow
vertically in the branches. Staff strength has grown
from 281 to 404 by the end of March 2007. This is our
eight consecutive year of over 100 per cent growth on
all parameters.
A significant achievement this year has been a reduction
in the interest rate on Income Generation Loans (IGLs)
and Supplementary Loans (SPLs) from 18 per cent to
15 per cent, to 10 per cent flat eventually (in Sept’06).
This was made possible due to improved staff
productivity, increased efficiency and the upscaling of
2 operations.
Our MIS software from Grameen Communications
(Bangladesh) had outlived its capabilities. We needed
a more robust and flexible software to support our
expansion and innovations. Hence with the help of
GF-USA and Grameen Technology Centre we are
building an open source, web-based software solution
called MIFOS. This software will give us the control
and flexibility to upgrade and add features whenever
required without depending on software vendors. Apart
from a large pool of professionals and volunteers helping
build the software we have also strengthened our in-
house IT team. Upgrading the MIS system into MIFOS
will be critical for the growth planned. MIFOS will
support the development of varied, innovative products
and services for our members so that we can stay
ahead in the emerging competitive scenario
We plan to increase our outreach to serve two lakh
households in the next year and double loan
disbursements. We plan to provide micro health
insurance along with life insurance. Access to medical
health services is critical for the poor and every incident
of accident or hospitalization sets them back
economically. With a vision to address this issue, we
have rolled out micro-health insurance in partnership
with ICICI Lombard and SKDRDP of Dharmasthala.
As part of our Micro-credit Plus activities, we conduct
periodic Socio-Economic Development workshops
for our members. Through these workshops we built
their capacity in the areas of health, nutrition, AIDS,
insurance, banking, law, entrepreneurship, veterinary
services, government schemes, panchayat raj etc.
Resource persons for these workshops are drawn
from government departments, NGOs, hospitals, as
also police, lawyers and corporates.
During this year we conducted 42 workshops which
were attended by 5654 members. Additionally, we
also conducted annual workshops for the husbands of
our members to seek their support, feedback and
build awareness. 19 “Husband’s Workshops” were
conducted, which were attended by 1,582 men.
We thank all our lenders ABN AMRO Bank, UTI
Bank, HDFC Bank, HDFC Ltd., FWWB, Yes Bank,
ICICI Bank, Deutsche Bank, Grameen Trust, ING
Vysya Bank, SIDBI for their continued support to
Grameen Koota. During the financial year 2006-07
we raised Rs. 44.98 cr from these banks and repaid
Rs. 23.84 crores. The grant support received during
this year from HIVOS has helped turn our net worth
position positive and become profitable.
We thank all other stakeholders for supporting Grameen
Koota in its mission of financial inclusion and supporting
poor women entrepreneurs.
We sincerely look forward to your suggestions and
feed back to this annual report.
Suresh Krishna
Chief Operating Officer
 About Grameen Koota
Grameen Koota
A Mirco Finance Institution

Annual Report 2006-2007

About Grameen Koota Client base

Grameen Koota was launched on 30 May 1999 as
a part of the T Muniswamappa Trust. This was the
culmination of a nearly two-year long deliberation
and drew on the concept propounded in the book
‘Give us Credit’ authored by Alex Counts.
Emboldened by the success stories of the poor
overcoming poverty through the use of micro-credit
in countries as diverse as Bangladesh and the
United States, Grameen Koota sought to replicate
the same for the benefit of the poor in Karnataka.
Its seed capital came from one of the pioneers of the
micro-credit movement - Grameen Trust of
Bangladesh.
Grameen Koota places focus on servicing the loan
requirements of women because they are a
marginalized section of society and in need of
support. Additionally it is seen that women use the
resources at their disposal more productively than
men. Women-oriented credit programmes enable
socio-economic empowerment by strengthening
their financial management skills and making the
women knowledgeable participants in their
community activities. Grameen Koota operates in
both rural and urban limits. Slums form a large part
of the latter.

Vision
The vision of Grameen Koota is to impact poverty by bringing all mainstream financial and 3
capacity building services to poor households in a sustainable manner.
Mission
To help poor women in rural areas and urban slums through micro credit, to work
themselves and thereby their families out of poverty. To constantly deliver need-based
financial services in a cost-effective manner and to become a financially sustainable
microfinance institution for the poor.
Goals
It aims to reach 20 per cent of the poor households in the State by 2010 and one million
clients by 2012.
Products and Services
Products and services
Grameen Koota’s products are simple, be it related to credit or insurance, and are designed to facilitate easy
record keeping and tracking. They are also subject to periodic modifications based on the feedback from
clients and inputs from the staff. Since its clients are largely from the economically weaker sections,
collateral free microfinance is provided.
The thrust of a loan across all its optional categories is on the emergency requirements of a poor family and
the scope for entrepreneurial activities.

Loan Products
Loan Products Loan Term Repayment Maximum Interest Pro- Remarks
Rate cessing
Fees
Income 50 weeks Weekly Rs 20,000 10% flat 2% A maximum of Rs 7000 can
Generation (declining be availed under IGL during
Loan (IGL) balance the first year. Rs 10,000, Rs
approxi- 12,000, Rs 15,000, Rs 17,000
mately and Rs 20,000 can be availed
19%) in the 2nd, 3rd, 4th, 5th and
6th years respectively.
Supplementary 50 weeks Weekly Rs 2,000 10% flat 2% A maximum of Rs 2,000 can
Loan (SPL) (declining be availed in the first year of
balance membership. A member
approxi- becomes eligible for an SPL
mately after 25 weeks of repayment
19%) of IGL
Emergency 10 weeks Weekly Rs 1,000 N/A 3% Members eligible in case of
Loan (EL) emergencies such as death or
sudden illness.

4
Insurance
Life Insurance
GK has covered all the borrowers with life
insurance in collaboration with ING Vysya Life
Insurance Company Pvt Ltd. The claim arises in
the event of the death of the client. The coverage
includes the disbursed amount and Rs 2,000 for
funeral expenses.
Health insurance
Grameen Koota is in the process of forming a
partnership with Shree Kshetra Dharmasthala Rural
Development Project (SKDRDP) under its health
insurance programme, Sampoorna Suraksha. It is
a customized family health insurance scheme
covering hospitalisation expenses and other
benefits.
Livestock insurance
Insurance
The scheme is offered in collaboration with United
India Insurance Company. This is optional for the
borrower
Credit Plus
Grameen Koota’s micro-credit programme is
integrated with various social development
programmes. It conducts periodic socio-economic
development workshops for members, covering
topics like health, sanitation, marketing skills, HIV/
AIDS awareness, nutrition, family planning, income
generation activities, enterprise development and
financial literacy.
Grameen Koota is also developing links with other
institutions so that members can benefit from
products and services like group insurance,
personal insurance, health insurance, pension
scheme, cottage industries, group enterprises,
training in Panchayat Raj and other developmental
programmes at the government level.
5
Training for staff members
Recognizing that microfinance is an upcoming and MIFOS – End User
evolving industry that requires specialized training, trainings were conducted for
Grameen Koota has detailed and structured training field staff. This was done
programmes for its staff. Over the year, in an effort as the MIFOS software is
to build capacity of the staff, Grameen Koota due to be launched soon,
conducted a series of training programmes. These and focused mainly on the working and
were held for staff members belonging to various implementation of the software. Some members of
levels of management, as well as field staff. the senior staff from the head office also attended
Refresher trainings were held for kendra managers external training programmes and short-term
with a view of assessing and reviewing their courses from reputed insititutions such as
existing skills and upgrading them. New recruits Administrative Staff College of India (ASCII),
were given intensive training over one month. Hyderabad, Indian School of Microfinance for
These trainings had inputs in the form of classroom Women (ISMW), Ahmedabad, Intellecap,
sessions and field/branch visits. Hyderabad, and Indian Institute of Management
(IIM), Bangalore.
Internal trainings conducted No. of No. of
Trainings Participants
Refresher training for kendra managers and branch managers 6 94
Basic training for trainee kendra managers 9 278
Starter training for trainee kendra managers 8 37
Starter training for branch managers 1 4
MIFOS - end user training for branch managers and kendra managers 1 12
Starter / refresher training for trainee/ kendra managers 2 12
Total 27 437
Human Resources
We have engaged a professional HR consulting company called Relationship World to help professionalize
the HR system, processes and trainings of the staff. This consulting company will be with Grameen Koota
for a period of one year and also implement Performance Management Systems.

Venkat Naik – a valued member of the confidence and can tackle any task given to me.
Grameen Koota team Grameen Koota has taught me to address problems
as challenges and find solutions rather than running
6 S Venkat Naik from Chouksandhra Village, away from them. My main problems related to
Kanakapura taluk, joined Grameen Koota in November recovery of loans but I have now begun to treat them
2000. He comes from a family that pursues as challenges and am able to work better.”
agriculture. Having completed training, Venkat was
appointed Kendra Manager in Kanakapura. Venkat’s Venkat Naik’s career with Grameen Koota has resulted
growth in the organization has been rapid and he has in an improvement in his personal economic status
moved up from Kendra, to Branch, to Area Manager and he has been able to generate
owing to his sincerity and hard work. extra income for his family through
the purchase of goats and setting
Venkat Naik says, “My work at Grameen Koota has up of a petty shop.
been very satisfying and my personal growth has
been tremendous. I was initially nervous about being Venkat Naik nurses a vision of
able to perform well. I would be afraid to speak in eradicating poverty through his
public. Now however, I have developed a lot of work.
Snapshots of success
Name: Nilamma
Age: 28
Business: Flower shop and petty shop
Branch: Kaggalipura
Nilamma’s is a double-income household with an
earning of about Rs 10,000 per month. Earnings
from two goods autos, a petty shop and a fruit and
flower stall cater to her family of five – husband and
three children.
For twenty-eight-year-old Nilamma from
Kaggalipura, the memories of poverty and want
which she lived through since she was married at
the age of 20 suddenly seems very distant. Her
turn around came when she joined Grameen Koota
in early 2004. “Grameen Koota has taught women
like me to live life confidently”, says Nilamma.
Through her first loan of Rs 5,000 she opened a
petty shop which fetched her Rs 2000 per month as
savings initially.
From subsequent borrowings, she purchased two
goods autos and setup a flourishing flower and fruit
sales unit. Her husband Nagaraj no longer works
as daily labour as the autos keep him engaged.
Nilamma now proudly boasts of a telephone
connection and a TV set which are her latest
acquisitions.
Snapshots of Success
Name: Hemalatha J
Age: 28
Business: Tailoring and zigzag
Branch: Kaggalipura
Hemalatha J has gained the confidence to
overcome any economic problems through her
association with Grameen Koota. Hemalatha
used her first loan to get herself a sewing
machine and she has not looked back since
then. Additional sewing machines including a
zigzag machine followed. Today she even
offers tailoring training to other women. That her
husband was already into business in
handloom was just an added bonus.
Hemalatha, who is a mother of two boys,
currently saves Rs 2,500 per month.
7
Current Status
What Grameen Koota has achieved
The tables demonstrate the consistent growth that Grameen Koota has achieved, and growth in the number
of branches, members, loans disbursed and outstanding loans.

8
Sources of Funds
Grameen Koota avails loans from commercial and local banks for on-lending and asset creation. As on
March 2007, Grameen Koota has availed on-lending loans from more than 10 banks. The major lenders to
the group are ABN AMRO Bank, AXIS Bank, ICICI Bank, FWWB, HDFC Bank, HDFC Ltd., YES
Bank, SIDBI and ING VYSYA are the others. We are grateful to our lenders and donors whose support
has helped us grow. Grameen Koota also receives donations for setting up branches, creating assets,
operation and expansion activities and to build up on staff capacity.

Grants and Donations

Loan Portfolio
Out of the total loan portfolio of Rs 45.97 crores given to members, 91 per cent are income generating 9
loans, 5 per cent are emergency loans and remaining 3 per cent are supplementary loans.
 Activities under which members took loans

In the future
Grameen Koota has a robust and strategic business plan to expand its outreach.

10
Battling challenges
On an entirely different front, the financial year
2006-07 also saw Grameen Koota stand up against
forces that sought to disrupt the focus of its
activities. An incident that merits particular mention
occurred in Davanagere district, where, based on
some reports appearing in a section of the media,
the Deputy Commissioner ordered a district
registrar-level probe into our activities.
Grameen Koota informed the RBI and asked for an
understanding of the case scenario and found ready
support. A day after the appeal, on September 7,
2006 the RBI convened the first state-level
Microfinance Co-coordinating Forum meeting and
formed a committee that would appear with us
before the district administration to state our case.
At the Deputy Commissioner’s level, we were
asked to demonstrate Legality of Trust,
Transparency, and cautioned on allegations of
treading on Stree Shakti groups. We presented all
the original documents and committed to reduce our
interest rate further. Our case was adequately
rested on September 11.
Three of our staff members who were taken to
judicial custody on September 4 and got bail on
September 18. It is noteworthy that throughout this
Key strengths
Governance, experience and strategy Management and Operations
Long years of experience in microfinance Experienced staff of high quality
Good credit culture Strong field operations/presence
Competitive product design and Reasonable staff productivity
service delivery
Battling challenges
period our operations were unaffected and
disbursements and repayments were normal. We
are thankful for RBI’s intervention in support to the
microfinance sector. We are also grateful to banks,
donors and well-wishers for their advice and
support during the period.
From our experience, we believe that better
dissemination of information on Banking Exclusion,
its impact on poverty and the role of Microfinance
Institutions in bridging the gap is the need of the
hour. There is also a need for a national debate on
whether the government needs to be directly
involved in Microfinance activities or whether it
should restrict itself to the role of an enabler.
In the future
In the last few years Grameen Koota has
witnessed tremendous growth in terms of the
number of branches, the number of members and
the amount of loans disbursed. In the financial year
2007-08, Grameen Koota is looking to expand
further. The target, as stated in the vision statement,
is to reach 20 per cent of the poor households by
2010 and one million clients by 2012. Grameen
Koota will display the same enthusiasm, dedication,
value and focus towards achieving this in the future
as well.
Financial
Excellent repayment
rate and portfolio quality
Good performance on 11
profitability and
sustainability
 Recognition
Recognition
Grameen Koota adjudged National Winner by
Planet Finance and ABN Amro Bank with Process
Excellence Award (MPEA)
Grameen Koota received an honorary mention in
the Consultative Group to Assist the Poor (CGAP)
Financial Transparency Award 2005 by receiving
an eligibility certificate. CGAP is a resource centre
for the entire microfinance industry that is housed at
the World Bank.
The Micro Finance Information Exchange has
awarded 5 diamonds recognition for disclosures.
Grameen Koota was felicitated during the year by
Canara Bank and RBI in Davanagere district for
enabling 100 per cent Financial Inclusion
12
Reaching one lakh clients
In March 2007 Grameen Koota reached one lakh
clients. Grameen Koota continued to fulfill its
mission of impacting poverty through the worldwide
accepted tool of microfinance. This milestone was
celebrated on 4th of March 2007 through an event,
where all stakeholders were invited. It was held at
the Vaishnavi Hotel and attended by donors, funding
partners, bankers, board members, clients and staff
of Grameen Koota. This event also served to share
learnings on the microfinance programme with other
stake holders. It was also used as an opportunity
to promote partnerships and broaden understanding
about the microfinance sector.
M-CRIL rating: The M-CRIL rating agency
evaluates MFIs or banks for creditworthiness and
other strengths and weaknesses. It assesses the
risks associated with lending and assigns a grade to
the organization based on the extent of risk
perceived.
Grameen Koota has been graded ‘Beta Plus’.
 Mrs Vinatha M Ms A Haridarshini,

Senior Management
Reddy, CEO MIS Manager
Prior to her involvement Ms A Haridarshini is a
in development, Mrs senior specialist in MIS.
Vinatha Reddy was a She is a graduate of
Montessori-trained Electronics and
teacher, working in Communication
Taraporewalla AMI Engineering from Regional
House of Children, Engineering College,
Hyderabad. After moving to Bangalore, she started Warangal. She has also worked at APMAS
a rural-based Montessori school called Gurukul. Technical Institute on
Since 1996, Mrs Reddy committed herself to micro- ratings for SHGs.
credit, after studying the Grameen Bank model. Mr. Parveen
Before founding Grameen Koota, she studied ASA
Kumar, IT Manager
(Activists for Social Alternatives) and SHARE
(Society for Helping Awakening Rural Poor through Mr. Praveen graduated
Education) who are the in-country leaders in the from Mysore
field. In 1998, she attended the Grameen University, Karnataka,
International Dialogue Programme in Dhaka. India with Bachelor of
Thereafter, she submitted a pilot-phase project Science, (Electronics).
proposal to the Grameen Trust and the latter He also holds a Higher
accepted it for seed capital funding. Having guided Diploma in Software Engineering from Aptech
Grameen Koota through a successful pilot phase, Education Centre and is currently pursuing a
she is now working on strategies to expand its degree in MCA through IGNOU, Karnataka, India.
outreach and transfer to an NBFC.
At Grameen Koota he has been part of the team that
Mr K K Suresh, COO has computerized all the branches of the
organization. He plays an important role in
Mr Suresh joined implementing MIFOS, an open source software
Grameen Koota in 1999 used by Grameen Koota.
as its first employee and
has since studied and Mr Vikash Kumar,
observed the nuances of Project Manager
micro-credit at SKS (Individual lending)
(Swayam Krishi 13
Sangham), SHARE Mr Vikash Kumar is the
(Society for Helping founder of the online
Awakening Rural Poor through Education), and newsletter ‘Microfinance
ASA (Activists for Social Alternatives). He has Focus’. He holds a Post
participated in many training programmes including Graduate Diploma in NGO
‘Grameen Basics Training’ at Grameen Bank, Management from Entrepreneurship Development
Bangladesh and Microfinance Management and Institute (EDI), Ahmedabad. He has specialized in
Strategic Leadership Course at Harvard Business management of microfinance and micro-enterprise
School. Prior to Grameen Koota, Suresh worked in development.
an NGO which is concerned with micro enterprise
development, non-formal education, and promotion
of women’s Self Help Groups.
 Mr Navneet Mr N Ravikumar
Senior Management
Prakash, Training Senior Financial
Manager Specialist
Mr Navneet Prakash Mr Ravikumar holds a B.
holds a MA in Social Com. from Bangalore
Work from Tata Institute of University and is currently
Social Sciences, pursuing CA PE II and
Mumbai. He joined MBA (final) from NIBM Chennai. He joined
Grameen Koota in July 2006. Earlier he worked in Grameen Koota in May, 2007 and is currently
Grameen Vikas Trust, heading the transfer process of Grameen Koota
Gujarat. from a Trust to the newly acquired NBFC.
Ms Nalini Beck, HR Mr Gopal Reddy,
Manager AGM, Credit
Ms Nalini has a MBA from Mr Gopal Reddy has
Indian Institute of Forest been with Grameen Koota
Management – Bhopal. She since 1999 and has
has earlier worked with experience in field
PRADAN (Professional operations, having held
Assistance for Development Actions). At Grameen positions such as Branch
Koota, she is committed to motivating the Manager and Area
employees by adapting best practices. Manager. He is currently involved in Grameen
Koota’s operations.
Mr Tukaram Prabhu,
Finance Manager Mr Naganand,
AGM – IT
Mr Tukaram Prabhu has
Mr Naganand heads the
over 35 years of
Grameen Koota team which
experience in banking.
is working with Grameen
During his tenure at
Technology Centre, Seattle
Canara Bank, Mr
to build MIFOS, an open
Prabhu has headed
source MIS system. He
various branches, worked in the foreign exchange
joined Grameen Koota in
14 and stock exchange divisions and served as Chief
2001 and was a part of the team which
Manager.
implemented the Grameen Communications
Mr Rajashekaran, Portfolio Tracker software at Grameen Koota.
General Manager, Mr H N Srivatsa,
Operations AGM -Insurance
Mr Rajashekaran holds a Mr Srivatsa has vast
B.Sc and MBA in experience in handling
Finance. He has over 21 operations. He joined
years of experience in the Grameen Koota in 2003 as
banking sector, during internal audit manager and
which, he has headed various divisions such as currently heads the
microfinance, retail lending etc. insurance division.

Shubham Anand -
Manager New Initiatives
An IT graduate from Delhi
University and post graduate
from the Entrepreneurship
Development Institute of India.
Was instrumental in the
business process
reengineering of the Delhi University and new
initiatives which he is handling in Grameen Koota.
Raghavendra H.P.
Raghavendra H.P. is a
Area manager taking care
of 4 branches. He is with
Grameen Koota for more
than 7.5 years
Thimmappa M
Thimmappa M is an Area
Manager taking care of
5 branches. He is with
Grameen Koota for more
than 5 years
Venkatnaik S
Venkatnaik S is an Area
Manager taking care of 4
branches. He is with
Grameen Koota for more
than 6 years
Thimmegowda K
Thimmegowda K is an
Area Manager taking care
of 5 branches. He is with
Grameen Koota for more
than 6 years
Middle Management
Shivakumar M.S.
Shivakumar M.S. is an
Area manager taking care
of 4 branches. He is with
Grameen Koota for more
than 6 years
Lokesh M.K.
Lokesh M.K. is an Area
Manager taking care of 5
branches. He is with
Grameen Koota for more
than 6 years
Gangaraju M.
Gangaraju M. is an Area
Manager taking care of 5
branches. He is with
Grameen Koota for more
than 7 years
Guruprasad V.R
Guruprasad V.R is an Area
Manager taking care of 5
branches. He is with
Grameen Koota for more
than 4 years
Balasubramanyam M.L
Balasubramanyam M.L
is an Area Manager
taking care of 4 branches.
He is with Grameen
15
Koota for more than 3
years
Manjunatha
Manjunatha is incharge Area
Manager taking care of 3
branches. He is with
Grameen Koota for more than
5 years
Organogram

Board of Directors Internal Audit

CEO

COO

Primary Working
Secretariat
Group

General Manager General Manager General Manager General Manager

IT & MIS HR & Admin Operations Finance & Accounts

AGM AGM AGM AGM AGM AGM

IT MIS HR Admin Accounts Finance
AGM
PR

Planning, Monitoring
& Expansion
16 AGM
Branch Relationships Risk Management &
& Documentation Insurance
AGM AGM
Marketing Branch Operations AREA BRANCH
AGM Divisional Manager Area Manager Branch Manager

Kendra Manager

SHGs
17
Financial Summary
18
Balance Sheet
19
Income & Expenditure
20
Notes on Accounts
 Governing Board

Governing Body
Ms Sandhya Siddharth (Head of AV Education Society)
Ms Kathyayini Chamaraj (Development Journalist)
Mr Jayaram Reddy (Trustee)
Ms Vijitha Subbiah (Trustee)
Mr Gopal Reddy (AGM Credit, Grameen Koota)
Mr H P Raghavendra (Area Manager, Grameen Koota)
Ms Galalakshamma
Ms Shantha Kumari
Ms Jayasheelamma
Ms Sabirabi
Ms Narasamma

The spread of Grameen Koota as on 31st March 2007

Branches 44
Staff 404
Villages 1,549
Districts 13
Members 1,09,251
Active borrowers 82,562
Portfolio 45.97 crores ($11.49 millions)*

*1$ = Rs.40

Editing & design:

Communication for Development and

Learning
cdlblr@dataone.in; cdlblr@gmail.com
www.cdlblr.org

Printed at:
 Grameen Koota
Run by T. Muniswamappa Trust
JP Nagar 9th Phase
Avalahalli
Anjanapura Post
Bangalore 560 062
Karnataka
India
Ph: 080 28436237
Fax: 080 28436577

Website: www.grameenkoota.org
Email: info@grameenkoota.org