The Grameen Crédit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based nongovernmental organization, has reported to MicroCapital that it has issued a three-year loan of USD 300,000 to Tuba Rai Metin (TRM), a microfinance institution (MFI) in East Timor [1]. GCAMF also marked its first investments in Tajikistan with local-currency loans equivalent to USD 643,800 each to MFIs Arvand and Humo and Partners.
As of 2010, TRM provides loans and saving services to approximately 3,800 clients and has total assets of USD 1.4 million, a gross loan portfolio of USD 921,000, return on assets (ROA) of 10.7 percent and return on equity (ROE) of 17.9 percent as reported to US-based nonprofit Microfinance Information Exchange (MIX).
Arvand is a deposit-taking MFI that provides microcredit, deposit and microleasing services to low-income individuals in urban areas in Tajikistan. As of 2010, Arvand reported to MIX total assets of USD 11.5 million, a gross loan portfolio of USD 8.5 million, approximately 12,200 borrowers, ROA of 5.49 percent and ROE of 21.7 percent.
Founded in 2004 by the local affiliate of Switzerland-based nongovernmental organization CARE International, Humo and Partners is a microfinance institution that serves micro- and small businesses in Tajikistan. As of 2010, Humo reported to MIX total assets of USD 6.8 million, a gross loan portfolio of USD 5.7 million, approximately 9,300 borrowers, ROA of 7.0 percent and ROE of 24.1 percent.
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 the Grameen Bank of Bangladesh.
By Nisha Koul, Research Associate
About Tuba Rai Metin (TRM): Tuba Rai Metin (TRM) of East Timor aims to provide “microfinance and allied services for a large number of poor in a sustainable and regulated manner to improve the quality of lives of families and empower women.” As of 2010, TRM reported to the US-based nonprofit Microfinance Information Exchange (MIX) total assets of USD 1.4 million, gross loan portfolio of USD 921,000, approximately 3,800 clients, return on assets (ROA) of 10.7 percent and return on equity (ROE) of 17.9 percent.
About Arvand: Established in Tajikistan in 2002 by ACDI/VOCA, a US-based nonprofit, Arvand was set up to provide microcredit to low-income individuals in urban areas. In addition to microcredit, Arvand provides deposit and microleasing services to its clients. As of 2010, Arvand reported to the US-based nonprofit data provider Microfinance Information Exchange (MIX) total assets of USD 11.5 million, a gross loan portfolio of USD 8.5 million, approximately 12,200 borrowers, return on assets (ROA) of 5.49 percent and return on equity (ROE) of 21.7 percent.
About Humo and Partners: Founded in 2004 in Tajikistan by the local affiliate of Switzerland-based nongovernmental organization CARE International, Humo and Partners is a microfinance institution (MFI) that serves micro- and small businesses. In addition to microcredit services, Humo offers consulting services relating to cash-flow analysis and business plans. In 2010, Humo reported to the US-based nonprofit data provider Microfinance Information Exchange (MIX) total assets of USD 6.8 million, a gross loan portfolio of USD 5.7 million, approximately 9,300 borrowers, return on assets (ROA) of 7.0 percent and return on equity (ROE) of 24.1 percent.
About Grameen Crédit Agricole Microfinance Foundation (GCAMF): 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 dedicated to rural development that primarily serve women and those that prioritize transparency and consumer protection. 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 to cover foreign-exchange risk.
Sources and Additional Resources:
[1] Information provided to MicroCapital, January 2012.
MicroCapital.org story, November 22, 2011, “MICROCAPITAL BRIEF: Grameen Crédit Agricole Microfinance Foundation Issues $330k Loan Guarantee for Microfinance Institution TIAVO of Madagascar,” https://www.microcapital.org/microcapital-brief-grameen-credit-agricole-microfinance-foundation-issues-330k-loan-guarantee-for-microfinance-institution-tiavo-of-madagascar/
MicroCapital.org story, November 21, 2011, “MICROCAPITAL BRIEF: Grameen Crédit Agricole Microfinance Foundation Lends $2m to Microfinance Institutions Hekima of Congo; Findev of Azerbaijan; Chamroeun, TPC of Cambodia,” https://www.microcapital.org/microcapital-brief-grameen-credit-agricole-microfinance-foundation-lends-2m-to-microfinance-institutions-hekima-of-congo-findev-of-azerbaijan-chamroeun-tpc-of-cambodia/
MicroCapital Universe Profile: Tuba Rai Metin (TRM): www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Tuba+Rai+Metin
MicroCapital Universe Profile: Arvand, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Arvand
MicroCapital Universe Profile: Humo and Partners, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=HUMO+and+Partners
MicroCapital Universe Profile: Grameen Crédit Agricole Microfinance Foundation (GCAMF), https://www.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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