The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, recently informed MicroCapital that it is disbursing three-year loans of approximately USD 1.5 million each to microfinance institutions Lazika Capital of Georgia and Humo of Tajikistan.
Lazika is a non-banking institution that provides financial services to individuals with low and middle incomes for purposes including trade, agriculture and consumption. Its growth is focused on