Crédit Agricole Solidarity Bankers in Pictures

Launched in June 2018 at the initiative of the Grameen Crédit Agricole Foundation and Crédit Agricole SA, Solidarity Bankers is a skills volunteering program open to all Crédit Agricole Group employees in support of microfinance institutions and social impact businesses supported by the Foundation.

The objective of the program Solidarity Bankers is twofold: on the one hand, it allows us to promote the skills of Crédit Agricole Group employees who wish to get involved in solidarity projects and, on the other hand, to strengthen support for microfinance institutions and businesses financed by the Grameen Crédit Agricole Foundation. Two years after its launch, discover the testimonials and highlights of the missions in Senegal and Cambodia in 3 video capsules which present the results of the program.

First destination, Senegal

The program's first mission is emblematic: the mission led by Jonathan Michaud, an agricultural engineer from Crédit Agricole Franche Comté in Senegal for the Laiterie du Berger. With the support of the Regional Bank, the Solidarity Banker spent two years helping the Dairy structure the dairy sector in Senegal. Today, he is Director of KOSSAM SDE, the Dairy's subsidiary created following his mission, which is helping to structure the dairy sector in northern Senegal by providing material resources and training to farmers and developing an innovative model of pilot "mini-farms." 1,230 local farmers were supported, whose income increased by more than 50% between 2018 and 2019.

Another mission was carried out in Senegal in 2020. Michèle Kouam, IT Project Manager at Crédit Agricole SA, left at the beginning of the year to support the Société Sénégalaise des Filières Alimentaires (SFA). Her mission was to work on the digitalization of rice collection for SFA, a company that produces white rice from paddy grown by small producers in the Senegal River Valley. By enabling access to credit, providing technical support, and guaranteeing a fair price, SFA now supports 3,200 smallholder farmers and promotes the development of an inclusive rice sector in Senegal.

Heading to Cambodia

A final mission completes this visual overview: the mission of François Galland, International HR Director of Crédit Agricole SA, to the microfinance institution Chamroeun. François worked for two weeks on Chamroeun's human resources strategy. The institution offers financial products and services to more than 33,000 low-income people in Cambodia, who are also supported with a range of training and social support services.

Next steps

Since the program's launch, 20 missions have been launched, 12 of which have already been completed. The selection process for the first missions launched in 2020 has been finalized, but two missions remain to be filled, in Morocco and Egypt.

With Solidarity Bankers, Crédit Agricole's regional banks and entities in France and internationally are increasing their efforts to promote inclusive finance and strengthening the human and societal projects of the Group/PMT 2022 strategy.

Watch the video of the 3 missions

Solidarity Bankers and Plastic Odyssey: missions to be filled in Egypt and Morocco

THE PLASTIC ODYSSEY ADVENTURE

Every minute, 19 tons of plastic enter our oceans and 80,000 tons of marine pollution comes from coastal cities in the world's poorest countries. In the face of this global problem, Plastic Odyssey aims to make plastic waste recycling a profitable activity that creates new jobs.

The project involves a world tour aboard a ship that acts as an ambassador for recycling technologies. The ship will stop in emerging countries where these solutions will be used to recycle available waste and contribute to the creation and development of plastic recycling microenterprises. The expedition is scheduled to set sail at the end of January 2021.

Crédit Agricole SA, the CA Regional Banks (1) and their subsidiaries (2) have been supporting the project since 2018 by financing the construction of a prototype boat and the expedition to the tune of €1.2 million over 5 years. The Grameen Crédit Agricole Foundation is supporting Plastic Odyssey in the development of its business model and the project to structure a social impact recycling sector during the expedition. The Foundation will also put the Plastic Odyssey team in touch with local recyclers and entrepreneurs to encourage the emergence of social economic models.

MISSIONS TO BE FILLED IN EGYPT AND MOROCCO

Plastic Odyssey will begin its journey across the Mediterranean Sea, updating its knowledge of the plastic waste value chain and identifying opportunities for partnerships with social entrepreneurs. As part of the skills sponsorship program, Solidarity Bankers, Crédit Agricole SA and the Grameen Crédit Agricole Foundation are publishing two missions to support the development of Plastic Odyssey, open only to Crédit Agricole employees based in Egypt and Morocco.

The Solidarity Bankers will be tasked with identifying key players in the plastics recycling value chain in Egypt and Morocco, analyzing the business model of the targeted social enterprises and their success factors, and identifying development opportunities for Plastic Odyssey.

The duration of each mission is one day per week for sixteen weeks, which can be during working hours (skills sponsorship, to be validated by the Solidarity Bankers' employers) and/or during holidays (volunteering). The missions can be carried out in pairs or by a team of Crédit Agricole experts based in Egypt and Morocco. The mission in Egypt will take place from the 4th quarter of 2020 and the mission in Morocco from the 1st quarter of 2021.

APPLY FOR THE MISSION IN EGYPT
APPLY FOR THE MISSION IN MOROCCO

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(1) Alpes Provence, Aquitaine, Atlantic Vendée, Charente-Maritime Deux-Sèvres, Finistère, North of France, Normandy-Seine and Provence Côte d'Azur
(2) CA Assurances, CACEIS, Crédit Agricole CIB, CA Immobilier, BforBank, CAMCA Mutuelle, Crédit Agricole Poland and Crédit Agricole Italy

RENACA, finalist of the 2020 European Microfinance Award

In the current context of the Covid-19 pandemic, it is essential to encourage savings activities to ensure the resilience of vulnerable people. Savings help, among other things, smooth consumption in the face of income volatility, minimize the impact of financial and other shocks, encourage long-term planning, and provide opportunities for productive investment.

The 2020 European Microfinance Award (EMA 2020) will award €100,000 to the organization that best promotes effective and inclusive savings. Among 70 applications from 37 countries, three finalists have been announced: Buusaa Gonofaa Microfinance, Muktinath Bikas Bank, and RENACA, a partner of the Grameen Crédit Agricole Foundation. These organizations offer savings products and services based on a true understanding of client needs and behaviors, reach underserved populations, and ensure that savings are accessible, affordable, and useful.

RENACA is a union of Beninese cooperatives supported by the Foundation since 2013, targeting low-income and vulnerable populations in rural areas. RENACA offers a wide range of savings products (door-to-door "tontine" models, term deposits, and demand deposits) and promotes community savings and credit groups. Its savings offering is based on a mobile application and the use of tablets, for secure and reliable customer transactions. RENACA also provides training on financial education and other non-financial services.

Following the announcement of the finalists, Luxembourg's Minister for Development Cooperation and Humanitarian Affairs, Franz Fayot, said: "The extraordinary response to this year's award is a strong testament to the impressive reputation it has earned for its rigor and the quality of the benefits that can be reaped by exposing those who perform well in the process. The diverse applications highlight not only the importance of responsible inclusive financial services during crises, but also how savings can strengthen the resilience of vulnerable communities in particular."

The winner will be chosen from among the three finalists by a Jury and their name will be announced on November 19, 2020 during an online ceremony to be held during EMW 2020.
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More information on e-MFP

New program to support smallholder farmers

SSNUP (Smallholder Safety Net Upscaling Program)

In collaboration with the Swiss Agency for Development and Cooperation and the Luxembourg Agency for Development Cooperation and Humanitarian Action, ADA is launching a new program to support smallholder farmers in Africa, Latin America, and Asia. The Smallholder Safety Net Upscaling Program (SSNUP) will run for ten years and has a budget of €55 million.

The program will draw on the technical assistance expertise of impact investment funds to design, test and develop financial and non-financial solutions for the mitigation and transfer of agricultural risks for different actors in value chains.

A partnership to strengthen the provision of technical assistance

With its experience in managing technical assistance programs, the Grameen Crédit Agricole Foundation was selected as one of the impact investors responsible for setting up the SSNUP.

The Foundation will coordinate technical assistance missions for the organizations it supports – microfinance institutions and social enterprises – on various themes such as the development of new financial and non-financial products/services for small producers, agricultural microinsurance and the digitalization of operations. The SSNUP expands the Foundation's technical assistance offering and represents a tremendous opportunity to strengthen its impact, both with the organizations it supports in Africa and Asia and with the small producers supported by its organizations on the ground.

In addition to the Foundation, four impact investors have joined SSNUP: Incofin, Oikocredit, responsAbility, and Symbiotics. Other stakeholders will be invited to join the program as it develops.

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More information: ADA

Meeting: Lidia, entrepreneur supported via Centimes solidaires

SOLIDARITY CENTS

Launched in 2018 by the Grameen Crédit Agricole Foundation, Crédit Agricole SA and CA Centre-est, Centimes solidaires aims to finance entrepreneurial projects by mobilizing Crédit Agricole employees who are invited to make a donation of 50 cents when paying for their meal in the restaurants on the Crédit Agricole Campus.

Entrepreneurs du Monde, an NGO also funded by the Crédit Agricole Solidarité et Développement Foundation, has been a beneficiary of the initiative since its first edition. The NGO has already received €15,651 to strengthen the ICI (Incubation, Creation, Inclusion) program, which supports entrepreneurship projects for refugees, single parents, and homeless people in Lyon. In two years, more than 100 people have received guidance to structure their entrepreneurial projects.

2020 will be the 3rde and final year of support for Entrepreneurs du Monde, which will receive an additional €11,000 in subsidies.

MEETING WITH LIDIA

To close the 3e edition of Centimes solidaires, the Foundation and Crédit Agricole welcome Lidia, an Italian entrepreneur supported through the operation, on October 29, 2020, to the Montrouge Campus.

Having arrived in France 12 years ago, Lidia is an Italian entrepreneur, mother of three, and recipient of the RSA (Responsible Income Support). Thanks to the support of Entrepreneurs du Monde through the ICI program, she was able to create her own catering business. The next step: bringing a former grocery store in Lyon to life, on a street steeped in Italian history.

Come chat with Lidia and taste her culinary specialties!

Event reserved exclusively for Crédit Agricole group employees.
To register, contact carolina.viguet@credit-agricole-sa.fr

Foundation grants first loan to MLF Zambia

The Grameen Crédit Agricole Foundation is continuing its investments in East Africa and has just granted a first loan in local currency equivalent to 250,000 euros to the microfinance institution MicroLoan Foundation Zambia (MLF Zambia), over a period of three years. This loan is made within the framework of the program of the African Facility which aims to strengthen small institutions.

MLF Zambia is a microfinance institution established in 2008. Its activities are overseen by the Microloan Foundation, which is headquartered in the United Kingdom. MLF-Z's main activity is to provide low-income women living in predominantly rural areas of the Eastern, Southern, and Central provinces of Zambia with short-term loans of 4 to 6 months for productive purposes. The institution lends exclusively to women.

With this loan, the Foundation now has an outstanding amount of 36.4 million euros in the sub-Saharan African region, or 38% of the outstanding amount monitored by the Foundation.

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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 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 40 countries.

For more information on the organizations supported by the Foundation, Click here.