The Grameen Crédit Agricole Foundation is continuing to invest in West Africa with a first loan in local currency equivalent to one million euros granted to the microfinance institution Vision Fund Senegal, over a three-year period.
Vision Fund Senegal is a microfinance institution established by World Vision International and whose mission is to facilitate rural and vulnerable populations access to a conventional financial system, to local financial services, the opportunity to launch or develop income-generating activities and, in general, the possibility of improving their living conditions. Vision Fund Senegal primarily targets women microentrepreneurs, using the group lending methodology. To date, the institution has nearly 40,000 clients, 95% of whom are women and 86% of whom live in rural areas, and manages a portfolio of €9 million.
For more information on the organisations supported by the Foundation, click here.