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,
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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
MICROCAPITAL BRIEF: Microfinance Institution (MFI) Kafo-Jiginew of Mali Borrows $3.4m from Grameen Credit Agricole Foundation
Kafo-Jiginew, a microfinance institution (MFI) in Mali, has borrowed EUR 3 million (USD 3.4 million) from the Luxembourg-based Grameen Credit Agricole (GCA) Foundation to support microlending in Mali. Kafo-Jiginew, which is organized as a credit union, seeks to
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Lending Microloan Foundation (MLF) $292k in Local Currency for Microfinance in Rural Malawi
The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, recently granted a loan in local currency approximately equivalent to USD 292,000 to the UK-based Microloan Foundation (MLF) to support its work in Malawi. MLF offers
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Loans $113k to Société Sénégalaise des Filières Alimentaires (SFA) for Rice-storage Facility in Senegal
The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, recently issued a loan of EUR 100,000 (USD 113,000) to Société Sénégalaise des Filières Alimentaires (SFA) to finance a rice storage facility. SFA buys rice from 1,500 farmers in the Senegal River Valley; processes it into
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation, CoopMed Loan $2m to FINCA Jordan for Microfinance Lending
The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, recently partnered with CoopMed Fund, which is managed by Inpulse Investment Manager of Belgium, to loan a total of USD 2 million to FINCA Jordan, an affiliate of the Foundation for International Community Assistance (FINCA International), a US-based nonprofit that seeks to
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Disburses 4-year Loan of $873k to CAURIE-MF for Microfinance in Senegal
The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, recently issued a four-year loan approximately equivalent to USD 873,000 in favor of Coopérative Autonome pour le Renforcement des Initiatives Économiques par la Micro Finance (CAURIE-MF) to support its microlending in Senegal. CAURIE-MF is a savings and credit cooperative supporting the “economic and social promotion
MICROFINANCE EVENT: The Grameen Credit Agricole Foundation’s Week; November 19-22, 2018; Montrouge & Paris, France
Crédit Agricole and the Grameen Crédit Agricole (GCA) Foundation have organized this series of events to mark the 10th anniversary of the Foundation. The first event of the week, called “The Foundation and Social Entrepreneurship,” will be held on November 19 in the campus of Montrouge and will include testimonials from entrepreneurs and experts on the Foundation’s promotion of entrepreneurship with social impact. At this occasion, the Foundation and Crédit Agricole will award a cheque to Entrepreneurs du Monde as a result of “Solidarity Cents,” an operation launched at the canteens of Crédit Agricole to support entrepreneurship projects for refugees, single
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Disburses 3-year Loan of $1.1m to Sinapi Aba for Microfinance in Ghana
The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, recently issued a three-year loan in local currency approximately equivalent to USD 1.15 million in favor of Sinapi Aba Trust to support microlending in Ghana. The institution provides financial services through Sinapi Aba Savings & Loans (SASL) with the aim of creating development and income-generation opportunities for people with low incomes. Of SASL’s lending, 80 percent
MICROCAPITAL BRIEF: Proximity Finance Myanmar Borrows $1.5m in Local Currency from Grameen Credit Agricole Foundation for Rural Microfinance Lending
The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, recently informed MicroCapital that it has lent local currency approximately equivalent to USD 1.5 million in favor of Proximity Finance Myanmar for on-lending in rural areas. Proximity Finance is a unit of Proximity Designs, which is a US-registered NGO exclusively serving Myanmar. Proximity Designs offers technical assistance and research services as well as – through Proximity Finance – loans for farming, raising livestock, relocation and
MICROCAPITAL BRIEF: Chamroeun Borrowing $1.2m from Grameen Credit Agricole Foundation for Microfinance in Cambodia
The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, recently informed MicroCapital that it is lending USD 1.2 million to Chamroeun Microfinance. Chamroeun was launched in 2006 as a nonprofit by French NGO Entrepreneurs du Monde to deliver loans, savings, and microinsurance to poor people in the city of Phnom Penh. The institution has since
MICROCAPITAL BRIEF: Kenya’s BIMAS Borrowing $580k from Grameen Credit Agricole Foundation for Rural Microfinance
The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, recently informed MicroCapital that it is lending the local-currency equivalent of EUR 500,000 (USD 580,000) to Business Initiatives and Management Assistance Services (BIMAS), a microfinance institution in Kenya. BIMAS, which is based in the city of Embu, was founded in 1997. The institution offers microinsurance as well as group and individual loans specific to youth, farming, dairy production, education, solar power and
News from the Grameen Credit Agricole Foundation
Here you may find our collection of news on the Grameen Credit Agricole Foundation.
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Lends $7.1m to Agency for Finance in Kosovo (AFK); Advans Group to Refinance in DRC, Myanmar
The Grameen Credit Agricole Foundation (GCAF), whose head office is in Luxembourg, recently informed MicroCapital that it is disbursing loans to: (1) Agency for Finance in Kosovo (AFK) in the amount of EUR 1.4 million (USD 1.6 million),
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Lends $31k to Palmis Eneji, Franchiser of Energy-efficient Cookstove, Solar Lamp Sales in Haiti
The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, recently informed MicroCapital that it is lending approximately USD 31,000 to Palmis Eneji, a social business in Haiti that uses a franchise model to sell lighting and cooking appliances via