The Foundation recently granted a new local currency loan equivalent to 3 million euros to Faten, a microfinance institution established in 1999 by Save-the-Children in the Palestinian Territories. Faten is registered as a non-profit limited liability company and is supervised by the Palestinian Monetary Authority (PMA). Faten's mission is to meet the financial services needs of low- and middle-income Palestinian entrepreneurs and individuals.
The partnership between Faten and the Foundation began in 2012 and since then, three loans have been granted for a total amount of 4 million Euros.
As of April 2022, Faten served 25,981 active borrowers (331 women and 681 rural borrowers) and managed a portfolio of €135,947,533. The institution operates throughout the Palestinian territories (West Bank and Gaza) through a network of 35 branches and 266 employees.
The Foundation now has two partners in Palestine, where it has been present since 2012: Faten and Acad.
https://www.gca-foundation.org/wp-content/uploads/2023/04/Palestine_FATEN-Philippe-Lissac-53-e1684660229944.jpg566850Marie Laumonthttps://www.gca-foundation.org/wp-content/uploads/2025/01/logo-gca-header-2.svgMarie Laumont2023-05-22 08:00:482024-07-05 16:40:57The Foundation consolidates its partnership with Faten in Palestine
The Solidarity Bankers program, launched in 2018 by the Grameen Crédit Agricole Foundation and Crédit Agricole SA., allows the group's employees to contribute to socially useful projects through their skills. A variety of missions are offered, in person or remotely, to support microfinance institutions and socially and environmentally impact companies that are partners of the Foundation.
In this context, Anya Lounis of Crédit Agricole Leasing & Factoring in 2022 and today at Crédit Agricole Insurance And Anne Elizabeth Starr of Crédit Agricole Corporate & Investment Bank traveled to Georgia in 2022 for a two-week mission to Lazika Capital, a microfinance institution. Their goal was to analyze existing marketing initiatives, collaborate with local teams to develop the 2023 marketing plan, and improve financial product sales management. Their testimonials reflect the positive impact of this experience.
Discover the daily life of their mission in video through 3 vlog episodes:
Episode 1: Arrival in Georgia.
Episode 2: Immersion.
Episode 3: Leaving Georgia.
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Anne Elizabeth Starr, Head of Trade Finance Sales to Financial Institutions at Crédit Agricole Corporate & Investment Bank, emphasizes the importance of the human aspect of this mission: “Anya and I had a shared vision for this mission in Georgia: to support Lazika Capital in its objectives as best we could and to fully experience this human adventure!” She also mentions the inspiring meetings with Lazika Capital’s farmer clients, which enriched their understanding of local needs and culture.
Anya Lounis, a solidarity banker at Crédit Agricole Leasing & Factoring in 2022, now Operational Marketing Manager at Crédit Agricole Assurances, shares her enthusiasm for this professional and personal experience, which allowed her to put her skills to work for financial inclusion: "This opportunity allowed me to take a step back and be open-minded. Anne Elizabeth and I had to adapt since we were unfamiliar with the microfinance sector."
Lazika Capital, founded in 2000 in Georgia by Oxfam Great Britain, is a Tier 2 microfinance institution (an organization with a portfolio of between $10 million and $100 million). Based in Zugdidi, it operates through 18 branches in western Georgia and provides financial services to mainly rural low- and middle-income entrepreneurs. Lazika Capital has 280 employees and 77 loan officers.
https://www.gca-foundation.org/wp-content/uploads/2023/04/Vlog-screenshot.png9741818Marie Laumonthttps://www.gca-foundation.org/wp-content/uploads/2025/01/logo-gca-header-2.svgMarie Laumont2023-05-08 17:51:302024-07-05 16:42:08Immersion in the heart of a solidarity banking mission in Georgia