Grameen Impact Ventures
In rural India, the last-mile delivery of digital financial services to low-income and generally excluded sections of the communities (like women, farmers, etc) has multiple adoption barriers. This includes lack of knowledge and awareness, trust deficit, convenience, lack of a compelling use case, gaps in affordability, behavioral inertia, and accessibility. It is equally challenging to create and market socially relevant products and services that generate adequate demand to offset the low margins.
Grameen Impact Ventures (GIV) is an Agile tech-driven eco-system aggregator that provides access to appropriate and affordable digital and financial services to the community through an assisted model of delivery, scalable across most emerging economies in the world. GIV operates a feet-on-street network of aspiring women entrepreneurs called “Grameen Mittra™️” who run their micro-enterprises and serve the community members around.
GIV's customer-centric design addresses different adoption barriers and is robust and scalable for diverse contexts.
A large part of the low-income rural population including women, farmers, and small business owners face digital exclusion. They face high enter and adoption barriers for digital products and services. they face gaps in awareness (low literacy and lack of customer education), availability, and accessibility of digital products and services. As a result, only 1 in 6 people save in formal financial institutions. Less than one in twelve borrows from financial institutions. Over 95% of the 65 million micro and small enterprises do not have access to finance. Even with the rise of Fintechs, there is a lack of customer-centricity and access to a basket of appropriate digital and financial products and services. Our addressable market in India comprises 700 million adult men and women who live in the income bracket of $2 to $8 per day.
GIV drives digital inclusion by reducing barriers to adoption with a customer-centric focus and by working in collaboration with a range of partner organizations offering a curated basket of products and services. By shifting from product-centric to a customer-centric approach, GIV reduces the complexity of access by increasing convenience and building trust. The solution entails the following elements:
Grameen Mittras:
- Meaning “Friend of the Village”, Grameen Mittras™️ provide financial education and assisted services for convenient access to digitally enabled, financial, livelihood, and non-financial products and services to the community around her.
- Digital platform:
- GIV's digital platform Grameen Mittra Connect (GMC) is a single point interface, connecting to numerous digitally enabled financial and livelihood services, including digital learning, banking, assisted e-commerce, government to citizen services etc. The platform is accessed in an assisted mode through the Grameen Mittra.
- Data aggregation and synthesis engine:
- As the previously digitally excluded populations are served by the phygital model of GIV, it generates a data trail. Through data mining and analytics, GIV generates insights, and predictions using machine learning tools. This reduces risk, addresses adoption barriers, and increases efficiency in serving this hard to reach and costly to serve customer segment.
GIV's solution caters to the following key stakeholders and target populations:
Grameen Mittras: Women are selected from local communities as Grameen Mittras, and are trained to adopt digital technologies and digital financial services, along with critical entrepreneurship skills. This enables them to become self-reliant entrepreneurs who effectively serve their communities.
Low- income Communities (with income between US$ 2 to US$ 8 per day): Low-income communities who fall within the income bracket of US$ 2 to US$ 8 are the missing middle, as they are not effectively catered to by Fintechs as well as microfinance institutions.
Grameen Mittras work on their digital inclusion through awareness creation, addressing trust barriers, behavioral inertia, and convenient access to digitally-enabled financial and other services. Through customer empowerment and education, GIV builds trust and confidence to start undertaking digital transactions on the GIV platform. Grameen Mittras provide timely feedback to the GIV team based on the customer’s experience with the platform. Grameen Mittras also bring valuable insights about the customer’s needs and socio-economic conditions which is used to customize the basket of products and services for different customer segments.

Some specific target group targeted by GIV includes:
Farmers: GIV works with farmers around four major themes -
Financial Management: Improved financial management and access to bundled digital financial services (including insurance and working-capital lending) for farmers through the GIV platform, promoting growth in productivity as well as income for the farmers.
Agri-Input Management: Reduction in operating costs for farmers through buyer and collection management supported by agri-input management services on the GIV digital platform.
Marketplace: Unlock the potential for increased price-realization of crop production for farmers through integrated digital marketplaces on the GIV platform, thereby increasing the income of farmers.
Holistic Agri-Advisory Services: Provide access to holistic phygital (physical + digital) agri-advisory services through capacity building of farmers on the technical, market, and financial parameters, thereby increasing small-holder farmer productivity and income.
Women: Beyond digital financial services, GIV helps women consumers access health and retail products like sanitary pads, clean water, and solar energy products. Grameen Mittras also works on strengthening the social capital and social networks of the women, and bring door-step services.
Old-Age Families: GIV connects households with old-age members to pensions and other relevant schemes, which they can directly access from their bank accounts at the doorstep of their homes.
Small businesses: GIV enables digital financial services for micro and small businesses and other retail businesses so that their customers can transact digitally, leading to customer convenience and loyalty.
- Scale safe and private digital identity and financial tools to allow people and small businesses to thrive in the digital economy.
GIV business model is built on three foundations- (i) Deep understanding of the barriers faced by different customer segments (ii) Digital platforms to provide curated and appropriate products aligned to specific needs of different customer segments and (iii) local, trusted women entrepreneurs working as Grameen Mittras to connect people to information and enable access to digital economy and opportunities.
The solution takes a customer-centric view and leverages the power of digital platforms to bring the rural digitally excluded segments into the mainstream of digital economy, by different adoption barriers faced by different customer segments.
- Growth: An organization with an established product, service, or business model rolled out in one or, ideally, several communities, which is poised for further growth.
GIV piloted its business model initially with around 100 Grameen Mittras in one district in 2019. Subsequently, the full-scale roll out of GIV services began in October 2020. Having scaled its business in 4 districts across 2 states in India as follows, GIV is now in a growth stage.
Nagpur district, Maharashtra
Nashik district, Maharashtra
Bhandara district, Maharashtra
Nawada district, Bihar
In 9 months, GIV has seen a total GTV (Gross Transaction Value) of INR 89.6 Million (USD 1.2 Million) with a network of 878 Grameen Mittras, and over 710,000 customers onboarded on its platform. The platform is offering digital literacy, digital financial services digital payments, remittances, utility payments and others such as Insurance, skill development and Government-to-Citizen services. With the platform and services in place, GIV is ready to scale into multiple geographies while expanding its offerings.
Program Manager, Office of the CEO

Chief Executive Officer