MICROCAPITAL BRIEF: Grameen Crédit Agricole Microfinance Foundation (GCAMF) Loans $751k to Komida of Indonesia, $812k to Alidé of Benin
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Friday, January 25, 2013

MICROCAPITAL BRIEF: Grameen Crédit Agricole Microfinance Foundation (GCAMF) Loans $751k to Komida of Indonesia, $812k to Alidé of Benin

» Posted by in Category: Africa,Deals,South Asia, East Asia and Pacific at 12:29 pm

Grameen Crédit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based organization that offers financial services to microfinance institutions (MFIs) and social business projects in Sub-Saharan Africa and Eurasia, has recently loaned Koperasi Mitra Dhuafa (Komida), an Indonesian MFI, the local-currency equivalent of USD 751,000 with a three-year term. Komida began offering microloans in August 2005 and provides financial services exclusively to women. As of December 2011, the institution reported total assets of USD 7.7 million, a gross loan portfolio of USD 5.6 million, return on assets (ROA) of 1.95 percent and return on equity (ROE) of 3.80 percent. The institution reported 91,000 active borrowers as of September 2012.

In other news, GCAMF distributed the second half of a loan to Alidé, a Benin-based MFI that was established in 2006. Each of the tranches, the first of which was disbursed in March 2012, is worth the local-currency equivalent of USD 406,000. As of September 2012, Alidé reported approximately 18,000 active borrowers. As of December 2011, the institution reported ROA of 2.01 percent, ROE of 8.87 percent and total assets of USD 4.3 million. Alidé had approximately 30,400 depositors with total deposits of USD 1.9 million at that time.

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 Nicole Boyd, Research Associate

About Koperasi Mitra Dhuafa
Koperasi Mitra Dhuafa (Komida) was established in 2004 in Jakarta, Indonesia. The institution received technical assistance from Grameen Bank, a microfinance bank established in Bangladesh, and began offering microloans in August 2005. Komida provides financing exclusively to women. As of December 31, 2011, the institution reported to the US-based nonprofit Microfinance Information Exchange (MIX) total assets of USD 7.7 million, a gross loan portfolio of USD 5.6 million, return on assets (ROA) of 1.95 percent, return on equity (ROE) of 3.80 percent and approximately 45,500 depositors with total deposits of USD 531,000. The institution had 91,000 active borrowers as of September 2012.

About Alidé
Alidé is a Benin-based MFI that was established in 2006 as an outgrowth of a United Nations Development Program initiative. Alidé’s stated mission is to provide sustainable credit, savings and financial services to people living in poor neighborhoods of Benin. As of September 2012, the institution had approximately 18,000 active borrowers. As of December 2011, the institution reported return on assets (ROA) of 2.01 percent and return on equity (ROE) of 8.87 percent and total assets stood at USD 4.3 million. Alidé had approximately 30,400 depositors with total deposits of USD 1.9 million as of December 2011.

About Grameen Crédit Agricole Microfinance Foundation
The Grameen Crédit Agricole Microfinance Foundation (GCAMF) was founded in Luxembourg 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 by Grameen Crédit Agricole Microfinance Foundation to MicroCapital.

MicroCapital, November 27, 2012, “MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Loans $989k to WAGES of Togo, $445k to Azeri Star of Azerbaijan, $153k to Berendina Microfinance of Sri Lanka,” http://www.microcapital.org/microcapital-brief-grameen-credit-agricole-microfinance-foundation-gcamf-loans-989k-to-wages-of-togo-445k-to-azeri-star-of-azerbaijan-153k-to-berendina-microfinance-of-sri-lanka/

MicroCapital, August 31, 2012, “MICROCAPITAL BRIEF: Grameen Crédit Agricole Microfinance Foundation Loans $1.2m to Viator of Azerbaijan, KOMIDA of Indonesia,” http://www.microcapital.org/microcapital-brief-grameen-credit-agricole-microfinance-foundation-loans-1-2m-to-viator-of-azerbaijan-komida-of-indonesia/

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

MicroCapital Universe Profile: Alidé http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Alide

MicroCapital Universe Profile: Koperasi Mitra Dhuafa (Komida) http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Koperasi+Mitra+Dhuafa+%28Komida%29

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