The Grameen Crédit Agricole Foundation granted a new loan to the microfinance institution OXUS Tajikistan. The loan, for an amount equivalent to € 465,000 euros, is the 4th granted to this Tajik institution which mainly targets microentrepreneurs and farmers in rural areas. Its social mission is clear and aims to improve the economic and social conditions of the low-income population who are not served by the banking sector.
With this new loan, the Foundation has an outstanding portfolio of € 24.5 million in the Eastern Europe and Central Asia region for a total of 19 partners in 10 countries. This represents 26% of the total outstanding portfolio monitored by the Foundation at the end of September 2020.
Created in 2008, under the joint leadership of Crédit Agricole SA and Professor Yunus, 2006 Nobel Peace Prize winner and founder of Grameen Bank, the Grameen Crédit Agricole Foundation is a cross-business actor which contributes to the fight against poverty through financial inclusion and social impact entrepreneurship. Investor, lender, technical assistance coordinator and Fund advisor, the Foundation supports microfinance institutions and social enterprises in 40 countries.
For more information on the organisations supported by the Foundation, click here.