The Malawi-based unit of the UK’s Microloan Foundation (MLF) recently partnered with two Luxembourgish NGOs, the Grameen Credit Agricole (GCA) Foundation and ADA (Appui au Développement Autonome), to boost its services to female smallholder farmers by creating digital loan, savings and transfer products tailored to their needs. A total of 17,000 women are to be trained in using the new products with the aim of
Tag: GCA
MICROCAPITAL BRIEF: Grameen Crédit Agricole Foundation Disburses $10m to Microfinance Institutions for On-lending in Indonesia, Myanmar
The Grameen Crédit Agricole (GCA) Foundation, whose head office is in Luxembourg, recently announced it has disbursed loans in local currency to three microfinance institutions (MFIs) active in Indonesia and Myanmar. GCA Foundation loaned the
MICROCAPITAL BRIEF: Pahal Financial Services Borrowing $3.5m from Grameen Crédit Agricole Foundation for Microfinance for Women in India
The Grameen Crédit Agricole (GCA) Foundation, whose head office is in Luxembourg, has agreed to lend EUR 3 million (USD 3.5 million) over three years to Pahal Financial Services, a microfinance institution based in Ahmedabad, India. Caroline Brandt, senior investment manager at GCA Foundation, stated that the partnership will
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Loans $1.5m to ACEP Niger, VisionFund Rwanda, LAPO of Sierra Leone
The Luxembourg-based Grameen Credit Agricole (GCA) Foundation has issued local-currency loans to three microfinance institutions (MFIs), approximately equivalent to the following amounts: USD 550,000 to ACEP Niger, an affiliate of the Agency for Private Enterprise Credit (ACEP) International; USD 540,000 to
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Lends $970k to Microfinance Institution Salym Finance of Kyrgyzstan
The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, has issued a loan in local currency approximately equivalent to USD 970,000 to Salym Finance, a microfinance institution in Kyrgyzstan. Founded in 2007 with the brand name Credit Systems,
MICROCAPITAL BRIEF: Grameen Crédit Agricole Foundation Loans $2.4m to Vision Fund Myanmar, Phare Performing Social Enterprise of Cambodia
The Luxembourg-based Grameen Crédit Agricole (GCA) Foundation recently issued loans of EUR 1.8 million (USD 2.0 million) to VisionFund Myanmar, a member of VisionFund International, and the equivalent of USD 367,000 to
MICROCAPITAL BRIEF: Producer of Dolima Dairy Products in Senegal, Laiterie de Berger, Borrows $260k from Grameen Credit Agricole Foundation
Laiterie de Berger, a dairy products producer in Senegal, has received a loan of EUR 229,000 (USD 260,000) in the form of a shareholder’s current account from the Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg. Laiterie de Berger purchases milk from herders