CreditAccess Grameen Ltd (CAGL) is the 3rd largest NBFC-MFI in India in terms of gross loan portfolio (as of FY17). The company provides micro-loans to women customers predominantly in the rural areas primarily under the joint liability group (JLG) model, which comprised 87% of loan portfolio as of FY18. CAGL is promoted by CreditAccess Asia N.V, a multinational company specializing in MSE financing. The microfinance company enjoys the lowest operating expense ratios amongst the top-eight NBFC MFIs and SFBs showcasing operational...