Oxus Kyrgyzstan, one of three microfinance institution (MFI) affiliates of the France-based Oxus Development Network, recently borrowed local currency approximately equivalent to USD 1.6 million from Grameen Credit Agricole (GCA) Foundation, which has offices in France and Luxembourg. Like its partner MFIs in Afghanistan and Kyrgyzstan, Oxus Kyrgyzstan seeks to
Tag: ACTED
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Loans $760k to Microfinance Institution Oxus Tajikistan
Grameen Credit Agricole (GCA) Foundation, which has offices in France and Luxembourg, recently lent Oxus Tajikistan, one of three microfinance institution (MFI) affiliates of the France-based Oxus Development Network, local currency approximately equivalent to USD 760,000. The purpose is to
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Lends $770k to Microfinance Institution Oxus Kyrgyzstan
The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, has issued a loan in the local currency equivalent of USD 770,000 to Oxus Kyrgyzstan, a member of the France-based Oxus Group. Oxus Kyrgyzstan
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Lends $776k to Oxus Kyrgyzstan for Microfinance Lending
The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, has informed MicroCapital that it issued a three-year loan in local currency approximately equivalent to USD 776,000 in favor of Oxus Kyrgyzstan, a microfinance institution (MFI) that was founded in 2006. ACTED, a French NGO formerly known as the Agency for Technical Cooperation and Development, holds 50.2 percent of the shares of Oxus Kyrgyzstan.
As of 2018, Oxus Kyrgyzstan had a gross loan portfolio of EUR 6.6 million (USD 7.5 million) and 7,000 active clients. The MFI lends mostly for agriculture, livestock breeding and