Solidarity Banker missions to be filled in Kenya and Cambodia

©Philippe Lissac

Two Solidarity Banker missions are available in Kenya and Cambodia: a Management Control mission to support the Musoni microfinance institution in Kenya and a Financial Management mission to support Cirque Phare (PPSE), a Cambodian social enterprise.

Solidarity Bankers is a skills volunteering program launched in 2018 by the Grameen Crédit Agricole Foundation and Crédit Agricole SA, open to all Crédit Agricole Group employees on behalf of microfinance institutions or social impact companies, partners of the Foundation.

The missions to be filled

A Management Control mission is planned for the third quarter of 2019 to support Musoni in Kenya. Musoni is a microfinance institution that provides financial services through mobile payments to people excluded from the traditional banking system. To strengthen performance management, Musoni wants to implement a balanced scorecard methodology. The Solidarity Banker will be responsible for structuring a balanced scorecard with key performance indicators and making recommendations on its implementation.

A "Financial Management" mission is planned for September 2019 to support Cirque Phare (PPSE) in Cambodia. PPSE provides employment opportunities for Cambodian artists and sustains the country's arts sector. PPSE has now entered a growth phase and requires strengthening certain aspects of its management, particularly in terms of strategy, finance, and human resources. The Solidarity Banker will be responsible for proposing monitoring tools and making recommendations on the organizational structure.

How to apply?

Several missions are coming up on CA Solidaires. To discover them:

1. Go to the CA Solidaires website “Find your mission”
2. Enter "Grameen Foundation" in the search bar. All Solidarity Leave offers will appear!
3. Click on the offer of your choice, you will find all the information necessary for your application.

To learn more about the missions available, click here.

Contact: carolina.herrera@credit-agricole-sa.fr

Kossam SDE: re-inspiring youth, investing in development

By Chloé Chevrand & Evelyne Offroy, Grameen Crédit Agricole Foundation

© Philippe Lissac

After a Solidarity Banker mission supporting the Laiterie du Berger, Jonathan Michaud is now Director of Kossam SDE, a project led by the dairy that aims to structure the dairy sector in northern Senegal. A spotlight on our discussions with this agricultural engineer from Crédit Agricole Franche-Comté, who was seconded for two years to support the development of this high-impact social project.

Structuring the dairy sector in Senegal

Driving territorial development in the Richard Toll dairy basin in northern Senegal is the shared ambition of Laiterie du Berger and its subsidiary Kossam SDE. Since its creation in 2005, Laiterie du Berger has established itself as a pioneering social enterprise in the country.

Today, La Laiterie has become the second-largest player in the Senegalese yogurt market and the leading national company processing local milk. It works with the Dagana Livestock Cooperative, which brings together 800 Fulani livestock farmers, employs 300 people, and produces 6,000 tons of yogurt each year. In early 2019, to consolidate the business and the dairy sector, La Laiterie du Berger and the Dagana Livestock Cooperative co-founded the social enterprise Kossam – Société de Développement de l'Elevage (Kossam SDE).

Kossam SDE aims to structure and strengthen the dairy sector by providing local services (livestock feed, fodder, etc.) and training and advice to local farmers. The company is developing a "mini-farm" model currently in the pilot phase (15 units in operation) and aims to establish 100 mini-farms by 2022 (more information on the project here).

Young people, actors of development

Youth play an important role at the heart of this development plan. In a context where youth employment is a real challenge in Senegal, Kossam is implementing an ambitious program to support young people in their professional development in dairy production.

Thus, the training offered to farmers is also open to their families. Indeed, the dairy's farmers are mainly families, or rather family organizations, made up of a 'can manager', male or female, behind whom an entire family structure works. "There is a real desire among farmers trained by Kossam to involve and empower their children in farm work. Kossam SDE plans to intensify training and support for farmers and local youth, on the technical aspects and economic management of the farm and the family," says Jonathan Michaud, Managing Director of Kossam SDE, an agricultural engineer from Crédit Agricole Franche Comté, seconded for two years to develop the project.

Furthermore, young people are not only involved in the livestock sector, but also in other aspects of the dairy industry. Many young people are elected as leaders of dairy hubs (which are local sections of the cooperative). While these positions were once reserved for senior managers, today the involvement of young people in agricultural and local leadership roles is one of the foundations of the sector's model as it is being structured.

Finally, youth employment is promoted in milk collection. Kossam SDE has thus enabled the creation of the "collector" profession, now practiced by young local people. Jonathan Michaud affirms that the development of milk collection and the generation of increasing income through dairy activity contribute greatly to the stabilization of the young population of the Richard Toll dairy basin. In addition, the project has led to a change in the image of the dairy industry in the eyes of young people: for local populations, dairy production has become a rewarding, remunerative, and attractive activity for new generations.

With the increase in farm productivity, the creation of new professions around livestock farming will become essential (for example, the creation of professions such as livestock advisors and livestock technicians). As Jonathan Michaud points out, this is the logical continuation of the movement already initiated by the Laiterie du Berger for more than 10 years around dairy professionalization, which requires support, supervision, structures and therefore creates employment through and around dairy production.

With Kossam, the movement is strengthening, relying on training, entrepreneurship and the involvement of young people, bearers of innovations and key players in development in Senegal.

A successful first year for the Solidarity Bankers program

By Carolina Herrera, Grameen Crédit Agricole Foundation

© Philippe Lissac

At the initiative of the Grameen Crédit Agricole Foundation and Crédit Agricole SA, skills-based volunteering missions labeled "Solidarity Bankers" are offered to Crédit Agricole Group employees on behalf of microfinance institutions or social impact companies supported by the Foundation.

Senegal, Morocco, Haiti…: a great success for the first year

Less than a year after its launch in 2018, the program's success confirms employees' commitment and willingness to support social impact projects. This is the first time a partnership of this type has been launched by Crédit Agricole and the Grameen Crédit Agricole Foundation. The objective is twofold: first, to promote the skills of Crédit Agricole Group employees and second, to provide additional support to the Foundation's partner microfinance institutions and companies with one- to two-week field missions.

In 2018, six missions were launched, three of which were completed in 2018 and three planned for 2019. To date, four missions are already available for the third quarter of 2019. In 2018, six missions were launched, three of which were completed in 2018 and three planned for 2019. For example, a mission took place in Cambodia with the support of Crédit Agricole's International Retail Bank (BPI), to support the human resources management of Chamroeun, a partner microfinance institution that serves more than 27,500 clients. Another mission was conducted in Senegal, in partnership with Crédit Agricole Franche-Comté, for the Laiterie du Berger, a social enterprise in which the Foundation is a shareholder. Furthermore, with the support of the Regional Fund, the Solidarity Banker who carried out the mission left for 2 years to support Kossam, the Dairy project to structure the milk sector in Senegal.

A mission launched in 2018 will be carried out in July 2019 in cooperation with Crédit du Maroc and Crédit Agricole SA to improve the Al Karama Foundation's anti-money laundering and counter-terrorist financing (AML-CFT) systems. The institution currently supports more than 26,200 clients in Morocco. Another mission launched in 2018 will be carried out in Haiti to support Palmis Enèji, a social enterprise that offers clean and accessible cooking and lighting solutions to Haitian households. Crédit Agricole Corporate Investment Bank is supporting the Solidarity Banker, which will carry out the entire mission through skills sponsorship.

Cambodia, Kenya, Tajikistan… in 2019 the program changes scale

To date, six missions have been launched in 2019. One mission is for Kossam, the Laiterie du Berger project that aims to develop a sustainable dairy sector in Senegal. The Solidarity Banker will be tasked with supporting Kossam in the deployment of a digital application called "commcare collection." Another mission is planned to support the financial management and organizational structure of Cirque Phare (PPSE) in Cambodia. PPSE aims to promote social inclusion and youth empowerment through Cambodian culture and arts. Another mission will be for ACRE Africa, which offers crop insurance services to smallholder farmers. The Solidarity Banker will be tasked with analyzing the organization's new business strategy.

For these first missions launched in 2019, the selection process for Solidarity Bankers has been finalized. To date, three new missions are available: a "business model" role for the microfinance institution Humo in Tajikistan, a "Management Control" role to support the Musoni institution in Kenya, and a "digital" role to support the social enterprise SFA in Senegal.

Other missions are currently being planned with the support of Crédit Agricole Group entities and regional banks. With this initiative, the Group reaffirms its commitment to supporting employee solidarity initiatives and working alongside the Foundation to promote more inclusive and sustainable finance.

For more information, Click here.

Foundation Letter No. 32 is now available

©Philippe Lissac

The Foundation is publishing its Quarterly Letter #32, in which it presents its 2019-2022 strategic plan. For nearly a year, the Foundation has been working on preparing this medium-term plan, listening to and engaging with its administrators, partners, microfinance institutions and social enterprises, donors, and colleagues. The result allows the Grameen Crédit Agricole Foundation to look confidently to its future, outlining the major milestones.

Furthermore, the Foundation is pleased to see that it has gained the confidence of donors since, after Crédit Agricole CIB, the French Development Agency and Amundi, the European Investment Bank has joined the circle of its financiers with a loan in FCFA for an amount equivalent to 12 million euros, which allows the Foundation to increase its interventions in sub-Saharan Africa.

Finally, in this issue, you will discover the Foundation's good results in 2018, the highlights and key figures explained in the integrated report published in the last days of April.

Click here to download Letter #32

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Created in 2008, under the joint leadership of Crédit Agricole SA's management and Professor Yunus, 2006 Nobel Peace Prize winner and founder of Grameen Bank, the Grameen Crédit Agricole SA Foundation is a multi-sector operator that contributes to the fight against poverty through financial inclusion and social impact entrepreneurship. As an investor, lender, technical assistance coordinator and fund advisor, the Foundation supports microfinance institutions and social enterprises in nearly 40 countries.

Responsible finance serving the general interest

© Philippe Lissac

As part of a report on responsible finance, Admical met in April with Eric Campos, Managing Director of the Grameen Crédit Agricole Foundation and CSR Director of Crédit Agricole SA. This was an opportunity to discuss the prospects and challenges of the inclusive finance sector. A spotlight on this interview, available in full on Admical.

What is your assessment of the Foundation's first two terms?

The Foundation is a player in inclusive finance that seeks to reconcile economic profitability and social impact. To this end, it pursues a rigorous investment policy that prioritizes both sustainability and positive social externalities. The Foundation integrates financial and social performance at the heart of its investment process.

In 10 years, the Foundation has provided €200 million in financing to 38 countries, including 40% among the least developed countries with a loss rate of less than 0.6%. €200 million of financing has enabled the financing of between 600,000 and 700,000 microloans. More than 80% of microloan beneficiaries are women, and we operate overwhelmingly in rural areas.

In your opinion, how is the responsible finance sector likely to evolve in the coming years?

Responsible finance is a broad concept that covers several definitions, but can be summarized by the practice of the profession aimed at reconciling financial performance and social, environmental, or societal impact. But in reality, we cannot say that there is responsible finance on the one hand and irresponsible finance on the other. In fact, responsible finance is that which integrates this dual concern and explicitly reports. I believe that this way of integrating the effect or externality could gradually become the general rule, even in so-called traditional finance.

Last October, Amundi, the leading European asset manager, decided to integrate ESG factor analysis into all of its funds under management within three years. By integrating these criteria, Amundi clearly illustrates that non-financial criteria are gradually entering the range of assessment criteria for investment funds. This approach clearly demonstrates the dynamic evolution of finance.

A word about the Foundation's next five-year term. What are its major strategic directions?

Climate change, population growth, digital transformation... many challenges are shaking the world of microfinance. There is an urgent need to mobilize resources, innovate with new means of action, and strengthen cooperation. This conviction is at the heart of the Grameen Crédit Agricole Foundation's actions and its development plan.

The Foundation will continue to adapt to these new challenges by diversifying its expertise and enhancing its intervention methods. These three strategic challenges will guide its actions in the coming years.

Find the full interview with Eric Campos on Admical.