The Foundation continues its funding in Kyrgyzstan

©FGCA/Didier Gentilhomme

In the last quarter of 2020, the Grameen Crédit Agricole Foundation granted a new loan to the microfinance institution Salym in Kyrgyzstan. Founded in 2007, Salym aims to support income-generating activities to improve the living standards of disadvantaged populations. In December, the Foundation granted it a new loan equivalent to €1.3 million in local currency.

The institution, which currently has approximately 14,000 active clients, including 571 women and 761 rural clients, primarily supports low-income individuals from rural or urban areas. It offers its clients a variety of products, including housing loans, consumer credit, agricultural loans, and business loans.

With this loan, the Grameen Crédit Agricole Foundation has 18 partners in the Europe and Central Asia region, representing €281 million of its outstanding loans. As of the end of December 2020, the Foundation was present in 39 countries, with 85 microfinance institutions and impact businesses, and had €81.2 million in outstanding loans.

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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 39 countries.

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