It was the year 1991, Rev. Fr. Sean Connaughton started a project that aimed to provide financial solution and freedom to the low-income families in Sta. Rita, Olongapo City who are willing to start their own small businesses.

This project provided the families with effective Microcredit operations for the purpose of an income-generation and livelihood projects.

Another branch was established in Candelaria, Zambales with the help of the Basic Ecclesiastical Community (BEC) known as the Sambayanang Kristiyano.

With the inspiration of helping the in-need, Rev. Fr. Sean Connaughton applied the Grameen Methodology to be the way of giving capitals for the poor family in the Philippines, started in the city of Kalookan (Caloocan City), Malate, Manila City and other places within the area of Metro Manila.

The system rapidly spread over the area of National Capital Region (NCR) and the province of Zambales under the different clusters named:

• Lingap Pamayanan - Kalookan
• Landas Tungo sa Pag-unlad - Malate, Manila City
• Gabay Tungo sa Pag-unlad - Zambales

In this fateful year when Rev. Fr. Sean Connaughton was assigned at the San Antonio de Padua Parish, in Brgy. Matain, Subic, Zambales to serve as the Vicar of the parish.

It is the same year where he made the three cluster programs united as one, naming it as KAZAMA Grameen Inc.

To ensure of helping the Filipino families the KGI management decided to register the program in Security and Exchange Commission as KAZAMA Grameen Inc., on May 7, 2001.

KAZAMA Grameen Inc. (KGI) was registered at the Security and Exchange Commission under SEC Reg. No. A200106459 as a Non-Government Organization (NGO), Non-Stock, Non-Profit Organization with a mission to help the poor family by means of an effective microfinancing system, principles and guidance in giving capital by following the modified Grameen Methodology.

On October 27, 2017, the Board of Trustess amended the corporate name by-laws and artcles of incorporation of the company and adopted the name KAZAMA Grameen Microfinance Inc. (KGMI) in compliance to Microfinance NGO Act of 2015 (Republic Act 10693). The amendment was approved by Security and Exchange Commission on December 13, 2017.