MICROFINANCE EVENT: 7th European Research Conference on Microfinance; June 20-22, 2022; Glasgow, UK

Held every two years, this conference provides a platform for researchers, professionals, and students to discuss current research in the microfinance industry, particularly as it relates to the UN Sustainable Development Goals. Although the research papers to be presented have not yet been announced, the Sixth European Research Conference on Microfinance in 2019 showcased papers including the following, which were

MICROCAPITAL BRIEF: ACEP Cameroon Borrows $2.2m in Local Currency from Grameen Credit Agricole Foundation to Support Micro-, Small Enterprises

The microfinance institution Agence de Crédit pour l’Entreprise Privée (ACEP) Cameroon has borrowed local currency approximately equivalent to USD 2.2 million from the Luxembourg-based Grameen Credit Agricole (GCA) Foundation. Created in 1999, ACEP Cameroon focuses on the development of micro- and small enterprises (MSEs) via deposit, loan, transfer, insurance and mobile banking services. Its loan offerings include products for farming, enterprise and other purposes. The institution’s microinsurance services range from health and life cover to vehicle insurance. ACEP Cameroon

MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Lends $2.2m in Local Currency to ACEP Burkina for On-lending to Micro-, Small, Medium-sized Enterprises (MSMEs)

The Luxembourg-based Grameen Credit Agricole (GCA) Foundation has announced it lent local currency approximately equivalent to USD 2.2 million to the microfinance institution Agence de Credit pour l’Entreprise Privee (ACEP) Burkina. One of four members of the ACEP Group, ACEP Burkina provides financial services to micro-, small and medium-sized enterprises (MSMEs) in urban regions of Burkina Faso. The institution was created in 2009 and

MICROCAPITAL BRIEF: Grameen Crédit Agricole Foundation Lends Local-currency Equivalent of $445k to Microfinance Institution VisionFund Uganda

VisionFund Uganda has borrowed EUR 400,000 (USD 445,000) from the Grameen Crédit Agricole (GCA) Foundation, an NGO headquartered in Luxembourg that seeks to reduce poverty by providing funding and technical assistance to microfinance institutions and other social businesses. Established in 2012, VisionFund Uganda is a microlending unit of VisionFund International, which, in turn, is owned by

MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Lends $1.1m in Local Currency to Asian Credit Fund for Housing, Enterprise Microfinance in Rural Kazakhstan

The Luxembourg-based Grameen Credit Agricole (GCA) Foundation has announced it lent local currency approximately equivalent to USD 1.1 million to the microfinance institution Asian Credit Fund (ACF) of Kazakhstan for a term of three years. Founded in 1997 by the US-based NGO Mercy Corps, ACF provides financial and non-financial services supporting rural development, small business, and home ownership. These services include

MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Lends $700k to LAPO SL for Microlending to Women in Sierra Leone

The Grameen Credit Agricole (GCA) Foundation has announced it lent approximately USD 700,000 to Lift Above Poverty Organization (LAPO) Microfinance Company SL, which is located in Sierra Leone, mainly serving women in rural areas. Its product lineup includes savings accounts as

MICROCAPITAL BRIEF: Grameen Crédit Agricole Foundation Invests Local-currency Equivalent of $650k in Moldova’s Smart Credit

The Grameen Crédit Agricole (GCA) Foundation, a funder based in Luxembourg that promotes “financial inclusion and social impact entrepreneurship,” has granted local currency approximately equivalent to USD 650,000 to Smart Credit, a Moldovan microfinance institution. Founded in 2010, Smart Credit offers insurance products covering

MICROCAPITAL BRIEF: Lazika Capital of Georgia Borrows $1.6m in Local Currency from Grameen Crédit Agricole Foundation for Agricultural Lending, Microfinance

Lazika Capital, headquartered in western Georgia, has acquired loans totaling the approximate local-currency equivalent of USD 1.6 million from the Grameen Crédit Agricole (GCA) Foundation, whose head office is in Luxembourg. Established in 2000 by the British member of the NGO Stichting Oxfam International, Lazika is a

MICROCAPITAL BRIEF: Furuz Microcredit of Tajikistan Borrows $560k in Local Currency from Grameen Credit Agricole Foundation

Furuz Microcredit Organization, which is headquartered in the city of Bokhtar, Tajikistan, has borrowed the equivalent of USD 560,000 in its first transaction with the Grameen Credit Agricole (GCA) Foundation, which is headquartered in Luxembourg. Established in 1999 as a program of the US-based NGO Millennium Relief and Development Services, Furuz offers loans for

MICROCAPITAL BRIEF: Microfinance Institution RENACA of Benin Borrows $1.7m from Grameen Crédit Agricole Foundation

Reseau National des Caisses Villageoises d’Epargne et de Crédit Autogérées du Bénin (RENACA), a microfinance organization serving vulnerable groups in Benin, has borrowed the approximate equivalent of USD 1.7 million from the

MICROCAPITAL BRIEF: Grameen Crédit Agricole Foundation Lends Kenya’s Sumac Microfinance Bank Equivalent of $2.2m in Local Currency

The Grameen Crédit Agricole Foundation, a Luxembourg-based investor in “financial inclusion and entrepreneurship with social impact,” has loaned the local-currency equivalent of USD 2.2 million to

MICROFINANCE EVENT: Webinar: How Technology Drives Financial Inclusion in Tajikistan – A Case Study of Humo Lab; January 20, 2022

Sponsored by Gojo & Company: Gojo is hosting this webinar to share how Microfinance Deposit Organization Humo, its newest partner company, has established Humo Lab to spearhead digitalization and innovation. At Humo Lab, several products have been developed and launched, including mobile banking apps, payment apps, kiosks and more. The webinar will focus

MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Lends Local Currency Worth $1.5m to Yehu of Kenya, ASA Microfinance Rwanda

The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, has announced the disbursal of the following local-currency loans: to Kenya’s Yehu the approximate equivalent of USD 888,000 and to

MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Lends $3.7m to Assilassimé Solidarite of Togo, Agora Microfinance Zambia (AMZ)

The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, has announced its disbursal of local-currency loans to Togo-based Assilassimé Solidarite in an amount approximately equivalent to

MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Lends $4.6m to Agency for Finance in Kosovo (AFK), Microinvest of Moldova, Monte Credit of Montenegro

The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, has informed MicroCapital that it is disbursing loans to: (1) Agency for Finance in Kosovo (AFK) in the amount of EUR 1.5 million (USD 1.8 million); (2) Moldova-based Microinvest in local currency approximately

MICROCAPITAL BRIEF: Grameen Crédit Agricole Foundation Loaning $2.6m in Local Currency to Humo of Tajikistan, ACF of Kazakhstan for On-Lending, Mainly to Rural Customers

The Grameen Crédit Agricole (GCA) Foundation, whose head office is in Luxembourg, recently announced it has begun disbursing two loans in local currency to microfinance institutions (MFIs) in Central Asia. In Tajikistan, GCA Foundation is disbursing a loan worth approximately

MICROCAPITAL BRIEF: Oxus MFIs in Tajikistan, Kyrgyzstan Borrow $2.1m from Grameen Crédit Agricole Foundation for On-Lending, Mostly in Rural Areas

The Grameen Crédit Agricole (GCA) Foundation, whose head office is in Luxembourg, recently announced it is disbursing loans in local currency to two members of the US-based Oxus Group, both for on-lending to

MICROCAPITAL BRIEF: Grameen Crédit Agricole Foundation Disburses $10m to Microfinance Institutions for On-lending in Indonesia, Myanmar

The Grameen Crédit Agricole (GCA) Foundation, whose head office is in Luxembourg, recently announced it has disbursed loans in local currency to three microfinance institutions (MFIs) active in Indonesia and Myanmar. GCA Foundation loaned the