MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Invests $2.2m in Microfinance Institutions CAURIE of Senegal, Thaneakea Phum Cambodia (TPC) of Cambodia

Grameen Credit Agricole Microfinance Foundation (GCAMF), an organization that provides financial services to microfinance institutions (MFIs) and social business projects, has agreed to disburse a XOF 700 million (USD 1.3 million) to Senegal MFI Cooperative Autonome pour le Renforcement des Initiatives Economiques par la Micro finance (CAURIE).GCAMF is disbursing the loan in two tranches with a three-year maturity and a one-year grace period.

GCAMF is also issuing a THB 29.7 million (USD 961,000) loan to Thaneakea Phum Cambodia (TPC), a Cambodian MFI, also with a three-year maturity and a one-year grace period.

For fiscal year 2011, CAURIE reported total assets of USD 10.1 million, a gross loan portfolio of USD 8.2 million, return on assets (ROA) of -5.89 percent, return on equity (ROE) of -25.6 percent, deposits of USD 4.1 million and approximately 47,000 borrowers. As of 2011, TPC reported total assets of USD 46.2 million, a gross loan portfolio of USD 33.3 million, return on assets (ROA) of 3.73 percent, return on equity (ROE) of 20.3 percent and approximately 96,500 borrowers. As of December 31, 2011, GCAMF reports 45 investment projects in 19 countries that support 30 microfinance institutions (MFIs), four social-business projects and one fund that covers foreign-exchange risk.

By Charlotte Newman, Research Associate

About Cooperative Autonome pour le Renforcement des Initiatives Economiques par la Micro finance
Cooperative Autonome pour le Renforcement des Initiatives Economiques par la Micro finance (CAURIE) is a Senegal microfinance institution that was established in 2005 as a credit union and cooperative. For fiscal year 2011, CAURIE reported total assets of USD 10.1 million, a gross loan portfolio of USD 8.2 million, return on assets (ROA) of -5.89 percent, return on equity (ROE) of -25.6 percent, deposits of USD 4.1 million and approximately 47,000 borrowers.

About Thaneakea Phum Cambodia (TPC)
Thaneakea Phum Cambodia (TPC) is a Cambodian microfinance institution that was launched in 1994 as part of the Small Enterprise Development program of Catholic Relief Services in Cambodia and was officially incorporated as TPC in 2002. TPC provides loans and savings products. As of 2011, TPC reported total assets of USD 46.2 million, a gross loan portfolio of USD 33.3 million, return on assets (ROA) of 3.73 percent, return on equity (ROE) of 20.3 percent and approximately 96,500 borrowers.

About Grameen Credit Agricole Microfinance Foundation
The Grameen Crédit Agricole Microfinance Foundation (GCAMF) was founded in 2008 with an endowment of EUR 50 million (approximately USD 64 million) provided by Crédit Agricole SA, a French retail bank, and Grameen Trust (GT), a nonprofit microfinance organization affiliated with Grameen Bank of Bangladesh. GCAMF offers a range of financing products to microfinance institutions (MFIs), focusing on MFIs that prioritize rural development transparency, consumer protection and serving women. As of December 31, 2011, GCAMF reports 45 investment projects in 19 countries that support 30 microfinance institutions (MFIs), four social-business projects and one fund that covers foreign-exchange risk.

Sources and Additional Resources:

Information sent to MicroCapital from Grameen Credit Agricole Microfinance Foundation.

MicroCapital.org story, June 20, 2012, “MICROCAPITAL BRIEF: Grameen Credit Agricole Lends $467k to Microfinance Institution GRAINE of Burkina Faso, $1.2m to Angkor Mikroheranhvatho Kampuchea of Cambodia and $2.5m to LOLC Micro Credit Limited of Sri Lanka,” https://www.microcapital.org/microcapital-brief-grameen-credit-agricole-lends-467k-to-microfinance-institution-graine-of-burkina-faso-1-2m-to-angkor-mikroheranhvatho-kampuchea-of-cambodia-and-2-5m-to-lolc-micro-credit-limite/

MicroCapital.org story, April 27, 2012, “MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Issues $1.25m Loan to Hattha Kaksekar Limited of Cambodia, $800k to Alide of Benin,” https://www.microcapital.org/microfinance-brief-grameen-credit-agricole-microfinance-foundation-gcamf-issues-1-25m-loan-to-hattha-kaksekar-limited-of-cambodia-800k-to-alide-of-benin/

MicroCapital Universe Profile: CAURIE
http://microcapital.org/microfinanceuniverse/tiki-index.php?page=Cooperative+Autonome+pour+le+Renforcement+des+Initiatives+Economiques+par+la+Micro+finance+%28CAURIE%29

MicroCapital Universe Profile: Thaneakea Phum Cambodia
http://microcapital.org/microfinanceuniverse/tiki-index.php?page=Thaneaka+Phum+Cambodia+%28TPC%29

MicroCapital Universe Profile: Grameen Credit Agricole Microfinance Foundation
http://microcapital.org/microfinanceuniverse/tiki-index.php?page=Grameen+Credit+Agricole+Microfinance+Foundation

Browse the MicroCapital Universe and add your entry to the wiki at https://www.microcapital.org/microfinanceuniverse/

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