The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based nonprofit that provides financial services to microfinance institutions, recently notified MicroCapital that it has disbursed a one-year loan of USD 396,000 to Mali-based microfinance institution (MFI) Soro Yiriwaso, its third loan to Soro Yiriwaso to date. Implemented by Save the Children USA, a US-based nonprofit organization, Soro Yiriwaso’s mission is to increase opportunities for disadvantaged Malian entrepreneurs, especially women. GCAMF has also disbursed a three-year, USD 396,000 loan to Azerbaijani MFI Viator Microcredit, its third loan to Viator to date.
As of 2011, Soro Yiriwaso reported to the US-based Microfinance Information Exchange (MIX) assets of USD 11 million, deposits of USD 1.7 million, 79,000 depositors, a gross loan portfolio of USD 8.7 million and 72,583 active borrowers. For the same year, Viator Microcredit reported to MIX a gross loan portfolio of USD 11.7 million and 17,738 active borrowers. The amount of the company’s total assets is unavailable. Viator Microcredit does not take deposits.
Also as of 2011, GCAMF reported to MIX total assets of EUR 51.1 million (USD 66.2 million) and 45 investment projects in 19 countries that support 30 microfinance institutions (MFIs), four social-business projects and one fund that covers foreign-exchange risk. The Grameen Credit Agricole Microfinance Foundation (GCAMF) was founded in 2008 by Credit Agricole SA, a French retail bank, and Grameen Trust (GT), a nonprofit microfinance organization affiliated with Grameen Bank of Bangladesh.
By Makai McClintock, Research Associate
About the Grameen Credit Agricole Microfinance Foundation (GCAMF)
The Grameen Credit Agricole Microfinance Foundation (GCAMF) was founded in Luxembourg in 2008 by Credit Agricole SA, a French retail bank, and Grameen Trust (GT), a nonprofit microfinance organization affiliated with Grameen Bank of Bangladesh. GCAMF offers financing products to microfinance institutions (MFIs), focusing on MFIs that prioritize rural development, transparency, consumer protection and serving women. As of December 31, 2011, GCAMF reports reported total assets of EUR 51.1 million (USD 66.2 million) and 45 investment projects in 19 countries that support 30 microfinance institutions (MFIs), four social-business projects and one fund that covers foreign-exchange risk.
Sources and Additional Resources
Information provided by the Grameen Credit Agricole Microfinance Foundation (GCAMF) to MicroCapital.
MicroCapital Story, May 23, 2013, “MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Disburses Tranches of $1.8m in Loans to African Microfinance Institutions GRAINE of Burkina Faso, CAURIE of Senegal,” https://www.microcapital.org/microcapital-brief-grameen-credit-agricole-microfinance-foundation-gcamf-disburses-tranches-of-1-8m-in-loans-to-african-microfinance-institutions-graine-of-burkina-faso-caurie-of-senegal/
MicroCapital Story, May 20, 2013, “MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Loans $370k to Microfinance Institution Chamroeun of Cambodia,” https://www.microcapital.org/microcapital-brief-grameen-credit-agricole-microfinance-foundation-gcamf-loans-370k-to-microfinance-institution-chamroeun-of-cambodia/
MicroCapital Story, March 15, 2013, “MICROCAPITAL BRIEF: Agence Francaise de Developpement (AFD) to Guarantee Grameen Credit Agricole Microfinance Foundation (GCAMF) Loans, Largely in Sub-Saharan Africa,”
https://www.microcapital.org/microcapital-brief-agence-francaise-de-developpement-afd-to-guarantee-grameen-credit-agricole-microfinance-foundation-gcamf-loans-largely-in-sub-saharan-africa/
MicroCapital Story, March 5, 2013, “MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Loans $1.3m to Microfinance Institution Mitra Bisnis Keluarga (MBK) of Indonesia,”
https://www.microcapital.org/microcapital-brief-grameen-credit-agricole-microfinance-foundation-gcamf-loans-1-3m-to-microfinance-institution-mitra-bisnis-keluarga-mbk-of-indonesia/
MicroCapital Story, March 5, 2013, “MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) to Loan $599k to Oxus Tajikistan,”
https://www.microcapital.org/microcapital-brief-grameen-credit-agricole-microfinance-foundation-gcamf-to-loan-599k-to-oxus-tajikistan/
MicroCapital Story, November 21, 2011, “MICROCAPITAL BRIEF: Grameen Crédit Agricole Microfinance Foundation Lends $2m to Microfinance Institutions Hekima of Congo; Findev of Azerbaijan; Chamroeun, TPC of Cambodia,”
https://www.microcapital.org/microcapital-brief-grameen-credit-agricole-microfinance-foundation-lends-2m-to-microfinance-institutions-hekima-of-congo-findev-of-azerbaijan-chamroeun-tpc-of-cambodia/
MicroCapital Story, January 3, 2011, “MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Makes $1.8m Local-Currency Loan to Koperasi Mitra Dhuafa (Komida) of Indonesia and Thaneakea Phum Cambodia (TPC), Chamroeun Microfinance of Cambodia,”
https://www.microcapital.org/microcapital-brief-grameen-credit-agricole-microfinance-foundation-makes-1-8m-local-currency-loan-to-koperasi-mitra-dhuafa-komida-of-indonesia-and-thaneakea-phum-cambodia-tpc-chamroeun-microfin/
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