by Elva Montelongo -

MICROCAPITAL BRIEF: Oxus Kyrgyzstan Borrowing $1.6m from Grameen Credit Agricole Foundation for Microfinance Lending

Oxus Kyrgyzstan, one of three microfinance institution (MFI) affiliates of the France-based Oxus Development Network, recently borrowed local currency approximately equivalent to USD 1.6 million from Grameen Credit Agricole (GCA) Foundation, which has offices in France and Luxembourg. Like its partner MFIs in Afghanistan and Kyrgyzstan, Oxus Kyrgyzstan seeks to

by Harriet Ritchie -

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

by Meghan Gillis -

MICROCAPITAL BRIEF: Bangladeshi Government Criticized for Proposal to Takeover or Split Grameen Bank

A working paper commissioned by the Bangladeshi government regarding Grameen Bank, a Bangladeshi microfinance institution founded by Nobel Laureate Dr Muhammad Yunus, proposes a government takeover of Grameen Bank or a split of the institution into 19 entities. The paper recommends that the Bangladeshi government own 51 percent of the shares of Grameen Bank, an increase from the current 25 percent.