What is your assessment of the first two mandates of the Foundation?
In 10 years, the Foundation has granted 200 million euros in funding in 38 countries, 40% of which are among the least developed with a loss rate of less than 0.6%. 200 million euros in funding can finance between 600 and 700,000 microloans. More than 80% of microcredit beneficiaries are women and we work mostly in rural areas.
How do you think the responsible finance sector will evolve in the coming years?
Last October, Amundi, the first 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 extra-financial criteria are gradually entering into the range of criteria for assessing investment funds. This approach clearly shows the dynamics of the evolution of Finance.
A word on the next five years of the Foundation. What are the major strategic directions?
Climate change, population growth, digital transformation … many are the challenges that shake the world of microfinance. It is urgent to mobilize resources, to innovate with new means of action, to strengthen cooperation. This conviction is at the heart of the actions of the Grameen Crédit Agricole Foundation and its development plan.
The Foundation will continue to adapt to these new challenges by diversifying its expertise and enriching its intervention methods. These three strategic challenges will guide its action for the next few years.
Find the full interview of Eric Campos on Admical‘s website (in French).