The Grameen Crédit Agricole (GCA) Foundation and the Crédit Agricole Corporate and Investment Bank (CA-CIB) recently established a loan guarantee scheme in the amount of EUR 5.5 million (USD 6.1 million) on behalf of Fusion Microfinance Limited, a microfinance institution based in northern India. This agreement is part of a program to secure approximately
Search Results for: "Grameen Credit Agricole"
MICROCAPITAL BRIEF: Producer of Dolima Dairy Products in Senegal, Laiterie de Berger, Borrows $260k from Grameen Credit Agricole Foundation
Laiterie de Berger, a dairy products producer in Senegal, has received a loan of EUR 229,000 (USD 260,000) in the form of a shareholder’s current account from the Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg. Laiterie de Berger purchases milk from herders
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Lends $900k to ECLOF Kenya for Microfinance Lending
The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, has informed MicroCapital that it issued a loan in local currency approximately equivalent to USD 900,000 to ECLOF Kenya, a microfinance institution (MFI) providing “loans for micro enterprise and agriculture [as well as] health, water & sanitation, home improvement, green energy, education and
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Lends $340k to Microfinance Institution COOPEC SIFA of Togo
The Luxembourg-based Grameen Credit Agricole (GCA) Foundation recently informed MicroCapital that it has disbursed a loan to Cooperative d’Epargne et de Credit (COOPEC) Soutien aux Initiatives de Femmes pour l’Autopromotion (SIFA) in local currency equivalent to USD 340,000. COOPEC SIFA is a microfinance institution (MFI) based in Dapaong, Togo, that offers savings and
MICROFINANCE BRIEF: UGAFODE of Uganda Borrows $1.1m in Local Currency from Grameen Credit Agricole Foundation for Microfinance
The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, recently granted a loan in local currency equivalent to USD 1.12 million to the Uganda Agency for Development Limited (UGAFODE) to support its provision of “affordable financial services” in Uganda. UGAFODE, which was established in 1994 as an NGO, became a
MICROCAPITAL BRIEF: ACEP Burkina Borrows $2.6m from Grameen Credit Agricole Foundation for Microlending
ACEP Burkina, one of the five members of ACEP International, has received a loan approximately equivalent to EUR 2.3 million (USD 2.57 million) from the Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, to support microlending in Burkina Faso. ACEP Burkina specializes in providing loans to micro- and small enterprises in urban and suburban areas. It was founded in 2012 as a partnership between Investisseurs & Partenaires (I&P),
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Lends $2.2m to Mi-Bospo of Bosnia and Herzegovina for Microfinance Lending
The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, has informed MicroCapital that it issued a loan of EUR 2 million (USD 2.2 million) to Mi-Bospo, a microfinance institution (MFI) providing loans to micro- and small businesses in Bosnia and Herzegovina (BiH).
The precursor of Mi-Bospo was launched in 1996 as a program of the nonprofit Bosnian Council for Aid, which also is known as Bospo. Bospo had been formed in 1995 to support post-war reconstruction. Mi-Bospo became an independent entity in 2000.
As of 2019, Mi-Bospo operates in the agriculture, services, production and trade sectors with 32 offices, mainly in northeast BiH. Approximately 64 percent of
MICROCAPITAL BRIEF: Bereke Microfinance Organization of Kazakhstan Borrows $680k from Grameen Credit Agricole Foundation
Bereke Microfinance Organization, which is located in Kazakhstan, has received a loan in local currency approximately equivalent to USD 680,000 from the Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, to expand its loan portfolio. Bereke seeks to increase its clients’ standard of living by lending for microenterprise, small enterprise, agriculture, housing and consumption. The institution was founded in 2003 to serve the northern, eastern and central regions of Kazakhstan. As of 2017,
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Lends $776k to Oxus Kyrgyzstan for Microfinance Lending
The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, has informed MicroCapital that it issued a three-year loan in local currency approximately equivalent to USD 776,000 in favor of Oxus Kyrgyzstan, a microfinance institution (MFI) that was founded in 2006. ACTED, a French NGO formerly known as the Agency for Technical Cooperation and Development, holds 50.2 percent of the shares of Oxus Kyrgyzstan.
As of 2018, Oxus Kyrgyzstan had a gross loan portfolio of EUR 6.6 million (USD 7.5 million) and 7,000 active clients. The MFI lends mostly for agriculture, livestock breeding and
MICROCAPITAL BRIEF: Berendina Micro Investments of Sri Lanka Receives $393k Guarantee from Grameen Credit Agricole Foundation for Microfinance Lending
Berendina Micro Investments Company (BMIC) of Sri Lanka has secured a loan guarantee of EUR 375,000 (USD 426,000) from the Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, allowing the microfinance institution to secure funding from an unidentified third party. BMIC will use the funding to boost its microlending in
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Loans $815k to Baobab DRC for Microfinance in Democratic Republic of Congo
The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, has informed MicroCapital that it lent EUR 716,000 (USD 815,000) to Baobab DRC, a microfinance institution (MFI) operating in the Democratic Republic of Congo (DRC). The MFI is affiliated with Baobab, a France-based firm offering financial services in 10 countries. Baobab DRC
MICROCAPITAL BRIEF: VisionFund DRC Borrows $1m from Grameen Credit Agricole Foundation for Rural Microenterprise Lending
VisionFund DRC, a microfinance institution (MFI) in the Democratic Republic of Congo, has secured a loan of approximately USD 1 million from the Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg. VisionFund DRC provides loans, savings and microinsurance to approximately 2,900
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Disburses Local-currency Loan Worth $2.8m to AMK Microfinance Institution of Cambodia
The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, recently informed MicroCapital that it has lent the equivalent of EUR 2.5 million (USD 2.8 million) in local currency to AMK Microfinance Institution, which was founded in Cambodia in 2003 under
MICROCAPITAL BRIEF: KOMIDA of Indonesia Borrows $2.4m in Local Currency from Grameen Credit Agricole Foundation for Microenterprise Lending for Rural Women
Koperasi Mitra Dhuafa (KOMIDA), a savings and loan cooperative in Indonesia, has secured a three-year loan worth approximately USD 2.4 million in local currency from the Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg. KOMIDA was established in 2004 to provide collateral-free loans to low-income women in rural areas. As of 2019, it serves 598,000 members through 237 offices. In addition to loans and savings,
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Disburses Local-currency Loan Worth $800k to Uganda Microcredit Foundation (UMF)
The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, recently informed MicroCapital that it has lent EUR 700,000 (USD 800,000) in local currency to Uganda Microcredit Foundation (UMF) Limited to support its microfinance activities. Founded in 2008, UMF provides group and individual loans for business, education,
MICROCAPITAL BRIEF: Vert Limited of Kenya Borrows $500k from Grameen Credit Agricole Foundation to Support Small-scale Farmers, Fresh Produce Exports
Vert Limited, a Kenyan exporter of vegetables, fruits, herbs, and spices, has borrowed EUR 440,000 (USD 500,000) from the Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, to support its exports to Europe. Founded in 2000, Vert has approximately 200 employees. The company sources fresh produce from 3,000 smallholder farmers through 60 collection centers. To support these growers, Vert provides technical
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Loans Agora Microfinance Zambia (AMZ) Local-currency Equivalent of $687k
The Grameen Credit Agricole Foundation (GCA) has told MicroCapital that it lent Agora Microfinance Zambia (AMZ), an affiliate of UK-based Agora Microfinance Partners, local currency approximately equivalent to USD 687,000. AMZ offers loans and insurance services – including
MICROCAPITAL BRIEF: FINCA Zambia Borrows $1.5m from Grameen Credit Agricole Foundation for Microfinance Lending
The Zambian subsidiary of US-based FINCA Impact Finance has borrowed local currency approximately equivalent to USD 1.5 million from the Luxembourg-based Grameen Credit Agricole (GCA) Foundation for on-lending in Zambia. FINCA Zambia aims to