Intesa Sanpaolo: Increases stake in CreditAccess India to two percent
- Intesa Sanpaolo has increased to 2% its shareholding in CreditAccess India
- CreditAccess India is a company active in the microcredit sector that operates through its subsidiary CreditAccess Grameen Ltd.
- CreditAccess has become the microcredit leader in India and among the top 10 worldwide
- It currently has around 4.6 million customers, 2,300 branches in India
- Active in granting loans to individuals unable to access traditional credit due to lack of collateral
- The lending granted enables working autonomy that provides these small and micro-entrepreneurs
