The Grameen Crédit Agricole Foundation is a multi-business operator whose mission is to contribute to the fight against poverty by promoting financial inclusion and entrepreneurship with social impact.
The Foundation has four main activities and coordinates Solidarity bankers, Crédit Agricole Group’s skills volunteering programme.
The Foundation publishes the 2nd edition of “Taking the Floor”
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The Grameen Crédit Agricole Foundation has been promoting financial inclusion and social entrepreneurship for thirteen years now and continues to work in favour of the development of rural areas and female entrepreneurs. At the end of 2021, the Foundation had accumulated nearly €300 million in funding, 379 technical assistance missions in progress or completed and 136 organisations funded.
We are pleased to share with you this second edition of “Taking the floor”. It presents our daily support for entrepreneurs, rural communities, refugees and farmers. Enabling refugees from the Nakivale camp to access credit in Uganda, modernising agricultural practices in Moldova, financing access to water and ensuring the pay of breeders in Senegal, these are some of the actions highlighted in this second edition.
These stories demonstrate the resilience of the microfinance sector, this ability to cope with the health context, the economic difficulties and the effects of global warming. Resilience also refers to the ability to transform obstacles into opportunities to strengthen oneself. The digital transformation, the coordination between stakeholders and the innovation demonstrated by our partners throughout these last difficult months are a clear proof of it.
At the initiative of the Grameen Crédit Agricole Foundation and Crédit Agricole S.A, skills volunteering missions Solidarity Bankers are offered to employees of the Crédit Agricole Group on behalf of organisations supported by the Foundation. A new Solidarity Bankers missions is to be filled in favor of agency for finance (AFK) in Kosovo. The institution was created in the years 2000 and have obtained the status of microfinance institution in 2011.
AFK aims to improve living conditions in Kosovo by providing access to sustainable financial services to small and micro enterprises. As of December 2021, the organisation has 24 branches across Kosovo and 225 employees. It serves 20,733 active borrowers (23% women and 50% in rural areas) and manages a portfolio of 40.2 million euros.
AFK has developed a risk policy focused on credit risk while the other risk areas are managed by each department without a formalized framework. Given its growing size, the institution would like to structure a proper risk management framework to improve identification and analysis of risks, especially operational risks. The Solidarity Banker will be responsible for supporting AFK in the diagnosis of the procedure and tools to manage risks and more precisely operational risks.
To discover the details of this mission click here.
Created in 2008, under the joint impetus of the directors of Crédit Agricole S.A. and Professor Yunus, winner of the 2006 Nobel Peace Prize and founder of the Grameen Bank, the Grameen Crédit Agricole Foundation is a cross-business actor that contributes to the fight against poverty through financial inclusion and entrepreneurship with a social impact. As an investor, lender, technical assistance coordinator and fund advisor, the Foundation supports microfinance institutions and social enterprises in nearly 40 countries.
New Solidarity Bankers missions in Cambodia and Kenya
At the initiative of the Grameen Crédit Agricole Foundation and Crédit Agricole S.A, skills volunteering missions labeled “Solidarity Bankers” are offered to employees of the Crédit Agricole Group on behalf of organisations supported by the Foundation. Two new Solidarity Bankers missions are to be filled in favor of PPSE in Cambodia and ACRE Africa in Kenya. Two new Solidarity Bankers missions are to be filled in favor of PPSE in Cambodia and ACRE Africa in Kenya.
PPSE is a social enterprise that employs young artists from disadvantaged backgrounds to whom it offers career opportunities in circus professions by combining the best of Cambodian cultural traditions and contemporary circus. PPSE extends and amplifies the work of the NGO Phare Ponleu Selpak by offering real career prospects to professional artists from the Phare School, while providing additional financial resources to the NGO.
PPSE now needs to develop and expand its digital community and position its new range of services and activities. The organisation wishes to explore and maximize the use of social and traditional media, train its staff and extend its scope of action as much as possible. The Solidarity Banker will be responsible for supporting PPSE, particularly in the diagnosis and implementation of a new marketing and communication strategy.
ACRE Africa is a social enterprise operating in Kenya, Rwanda and Tanzania. The organisation makes agricultural insurance accessible for small farms and for very low insured amounts, thanks to a triple innovation: index insurance; distribution by aggregators; payment by mobile money. ACRE thus enables small farms to access credit on more favorable terms.
After having decided to diversify its activities to offer consulting services, ACRE now needs to expand its clientele and mark its new range of services and activities. The organisation wants to, among other things, explore and maximize the use of social and traditional media, and train its staff. The Solidarity Banker will be responsible for supporting ACRE Africa in the diagnosis of the organisation’s marketing and communication strategy and tools in order to propose a new strategy and appropriate tools.
Other missions are still to be filled:
Risk and compliance mission on behalf of the microfinance institution SEF (South Africa)
Digital strategy mission to support the microfinance institution OXUS Kyrgyzstan (Kyrgyzstan)
Risk and compliance mission in favour of the microfinance institution Bimas Ltd (Kenya).
Created in 2008, under the joint impetus of the directors of Crédit Agricole S.A. and Professor Yunus, winner of the 2006 Nobel Peace Prize and founder of the Grameen Bank, the Grameen Crédit Agricole Foundation is a cross-business actor that contributes to the fight against poverty through financial inclusion and entrepreneurship with a social impact. As an investor, lender, technical assistance coordinator and fund advisor, the Foundation supports microfinance institutions and social enterprises in nearly 40 countries.