48.8M€
Wallet
13 488
Number of beneficiaries
49.1%
Women beneficiaries
52%
Rural beneficiaries
Mongolia
Financial services
Funding granted
Loan of €2,000,000 *
(local currency equivalent)
Partner of the Foundation
since 2025
(1 loan granted)
*Outstanding at grant value
Context :
Mongolia is a country in transition with a GDP of approximately US$13 billion. It is experiencing rapid urbanization, with nearly half of its population concentrated in Ulaanbaatar. The economy is primarily based on mining and livestock farming. Despite recent economic growth, Mongolia faces significant challenges, including economic volatility linked to its reliance on commodity exports and disparities in access to financial services between urban and rural areas.
The company:
TransCapital NBFI is a non-bank financial institution established in Mongolia. It has positioned itself as an innovative player in the alternative financial services sector, offering flexible financing solutions to micro, small and medium-sized enterprises (MSMEs) as well as individuals who do not have access to traditional banking services.
Impact :
TransCapital NBFI's mission is to contribute to Mongolia's economic development by providing accessible financial services to local entrepreneurs and households. The institution supports the growth of MSMEs, a key driver of the Mongolian economy and job creation. By promoting financial inclusion in urban and peri-urban areas, TransCapital helps reduce inequalities in access to financial services and fosters more balanced economic development.
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 local currency loan equivalent to €250,000 to the microfinance institution MicroLoan Foundation Zambia (MLF Zambia), over a period of three years. This loan is made as part 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 Zambia's Eastern, Southern, and Central Provinces 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.