MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Loans $1.3m to Microfinance Institution Mitra Bisnis Keluarga (MBK) Ventura of Indonesia

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based organization that provides financial services to microfinance institutions (MFIs) and social businesses, recently reported to MicroCapital that it has disbursed a local-currency loan equivalent to USD 1.3 million to Mitra Bisnis Keluarga (MBK) Ventura, an Indonesian MFI that provides capital to low-income women on the island of Java. The terms of the loan have not been released.

As of September 30, 2012, MBK Ventura reported to the US-based nonprofit Microfinance Information Exchange (MIX) total assets of USD 41.3 million, a gross loan portfolio of USD 34.1 million, return on assets (ROA) of 1.82 percent and return on equity (ROE) of 12.5 percent. As of December 12, 2012, MBK Ventura has approximately 329,000 active borrowers and does not accept deposits.

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 MBK Ventura
Mitra Bisnis Keluarga (MBK) Ventura is an Indonesian microfinance institution established in 2006. Its mission entails raising the living standards of the bottom 25 percent of the population in Indonesia by providing access to micro- and small working capital to large numbers of low-income households, particularly in rural areas and small towns on the island of Java. As of September 30, 2012, MBK Ventura reported to the US-based nonprofit Microfinance Information Exchange (MIX), total assets of USD 41.3 million, a gross loan portfolio of USD 34.1 million, return on assets (ROA) of 1.82 percent and return on equity (ROE) of 12.5 percent. As of December 12, 2012, MBK Ventura has approximately 329,000 active borrowers and does not accept deposits.

About Grameen Credit Agricole Microfinance Foundation (GCAMF)
The Grameen Crédit Agricole Microfinance Foundation (GCAMF) was founded in Luxembourg in 2008 by Crédit Agricole SA, a French retail bank, and Grameen Trust (GT), a nonprofit microfinance organization affiliated with Grameen Bank of Bangladesh. GCAMF offers 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 reported total assets of EUR 51.1 million (USD 66.2 million) and 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, March 5, 2013, “MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) to Loan $599k to Oxus Tajikistan,” https://www.microcapital.org/microcapital-brief-grameen-credit-agricole-microfinance-foundation-gcamf-to-loan-599k-to-oxus-tajikistan/

MicroCapital.org story, March 16, 2012, “MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Guarantees Half of $2.7m from Standard Chartered Bank to Mitra Bisnis Keluarga (MBK) Ventura of Indonesia,” https://www.microcapital.org/microcapital-brief-grameen-credit-agricole-microfinance-foundation-gcamf-guarantees-half-of-2-7m-from-standard-chartered-bank-to-mitra-bisnis-keluarga-mbk-ventura-of-indonesia/

MicroCapital.org story, January 25, 2012, “MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Loans $666k to FinDev of Azerbaijan, $320 to Phoenix+ of Tajikistan,” https://www.microcapital.org/microcapital-brief-grameen-credit-agricole-microfinance-foundation-gcamf-loans-666k-to-findev-of-azerbaijan-320k-to-phoenix-of-tajikistan/

MicroCapital Universe Profile: MBK Ventura
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Mitra+Bisnis+Keluarga+%28MBK%29+Ventura

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

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