Philippe Guichandut spoke at the Bank of France

©Philippe Lissac / Godong

From March 11 to 15, the Bank of France organised the seminar “Consumer protection, financial inclusion and education”. The objective of this seminar was to highlight the missions carried out by a central bank in terms of consumer protection of financial services, financial inclusion and financial education. These missions aim to improve consumer information, provide assistance in the event of difficulties, or prevent or remedy them. These activities, which are generally carried out in accordance with country-specific laws and regulations, have been compared with the approach adopted in this area by other central banks.

The topics discussed were as follows:

– Monitoring the business practices of banks and insurance companies,
– General presentation of the Bank of France’s role in the field of relations between individuals and the financial sphere and the legal provisions for protection,
– The organisation of relations between the banking sector and consumer organisations,
– General interest files managed by the Bank of France and concerning individuals,
– Public information and banking mediation in France,
– The treatment of household over-indebtedness,
– Financial inclusion and financial education.

Round tables were organised to allow participants to exchange information and experiences, in particular through short presentations of their national issues. Philippe Guichandut, Director of Inclusive Finance Development at the Grameen Crédit Agricole Foundation, was invited to speak and present the Foundation’s work, before discussing their best practices with the other guests.

AMK Microfinance receives Truelift Leader Milestone

© Philippe Lissac

Truelift has recognized the pro-poor performance of AMK Microfinance Institution Plc., partner of the Grameen Crédit Agricole Foundation in Cambodia, at the Leader Milestone. This brings to 33 the number of financial service providers recognised along the Truelift Pro-Poor Pathway and to seven the number recognised at the Leader Milestone, the most advanced of the four Milestones. What unites all the recognised institutions is their commitment to serving the needs of people living in poverty. Their degree of adherence to the three Pro-Poor Principles shows how far they have progressed along the pathway toward fully pro-poor management of their institutions.

AMK started as a program of Concern Worldwide in the 1990s and became a full microfinance institution in 2004. The institution provides group (village bank) and individual loans, deposit services, money transfers, health micro-insurance, payment and payroll services, foreign exchange, and international remittance services, employing over 2,700 staff serving in 150 offices and working with more than 3,700 independent agents nationwide. The total number of clients exceeds 840,000 with a loan portfolio of over US$ 247 million and deposits of more than US$ 146 million. AMK is therefore one of the leading microfinance institutions in Cambodia.

For more than 15 years, AMK has continuously developed and grown by focusing on the development of its financial products and services and investing in new technologies in order to meet customer demand. At the same time, AMK has remained true to its social objectives, especially poverty alleviation, as demonstrated by the results of the Truelift assessment conducted in November 2018 by M-CRIL. Through delivery of appropriate and viable microfinance services over the past 15 years, AMK has helped clients and their families, especially those living in remote areas, achieve significant positive changes.

To develop rural economies, the EIB is strengthening microfinance in Africa

© Didier Gentilhomme

On 1st of April, from 9 AM to 11 AM, the Grameen Credit Agricole Foundation and the European Investment Bank (EIB) are organising a conference in Paris on the theme of developing rural economies and strengthening microfinance in Africa by the EIB.

Jérôme Brunel, Secretary General of Crédit Agricole SA, Director of the Grameen Crédit Agricole Foundation and Ambroise Fayolle, Vice-President of the EIB, will make opening remarks. Around the table, Eric Campos, Managing Director of the Foundation and CSR Director of Crédit Agricole SA, Soukeyna Ndiaye Bâ, General Director of the INAFI International Foundation and Director of the Foundation, and Mamadou Lamine Gueye, Managing Director of Caurie, a Senegalese microfinance institution supported by the Foundation. Jean-Marie Sander, President of the Grameen Crédit Agricole Foundation, will deliver a closing address.

The main topics discussed will be: The development of rural areas in Africa, an absolute necessity? Rural microfinance in Africa: what are the challenges? What are the opportunities? Banks and rural microfinance: the impact of alliancesMicrofinance, gender and climate change: destinies are linked.

To attend, please contact:


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 SA Foundation is a multi-business operator 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.