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: Grameen Crédit Agricole (GCA) Foundation
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: Mi-Bospo of Bosnia and Herzegovina Borrowing $2.2m from Grameen Credit Agricole Foundation for Microfinance Lending
Microcredit Foundation Mi-Bospo of Bosnia and Herzegovina recently agreed to borrow EUR 2 million (USD 2.2 million) from the Grameen Credit Agricole (GCA) Foundation, which has offices in France and Luxembourg. Mi-Bospo serves 26,000 clients, mostly women who live in rural areas. Its offerings include
MICROCAPITAL BRIEF: Grameen Crédit Agricole Foundation Loans $3.2m to Faten for Microfinance in Palestine
The Luxembourg-based Grameen Crédit Agricole (GCA) Foundation recently disbursed a local-currency loan approximately equivalent to USD 3.2 million to the microfinance institution (MFI) Palestine for Credit and Development, which is also known by its Arabic name Faten. Founded in 1999 and based in Palestine’s West Bank, Faten is an NGO that seeks to
MICROCAPITAL BRIEF: KosInvest Borrows $650k from Grameen Crédit Agricole for Microfinance in Kosovo
The Grameen Crédit Agricole Foundation, a Luxembourg-based investor in social businesses, recently issued a two-year loan of EUR 600,000 (USD 660,000) to KosInvest, a Kosovo-based microfinance institution (MFI) affiliated with the US-based Christian NGO World Vision. KosInvest provides microinsurance as well as loans designed for purposes such as
MICROCAPITAL BRIEF: Grameen Crédit Agricole Foundation Lends $525k to Smart Credit for Microfinance in Moldova
Smart Credit, a microfinance institution (MFI) operating 12 branch locations in Moldova, recently accepted a local-currency loan approximately equivalent to USD 525,000 from the Luxembourg-based Grameen Crédit Agricole (GCA) Foundation. Founded in 2010, Smart Credit offers
MICROCAPITAL BRIEF: Coop TLM Borrows $1.3m from Grameen Crédit Agricole Foundation for Microfinance in Indonesia
The Luxembourg-based Grameen Crédit Agricole (GCA) Foundation has reported disbursing a local-currency loan approximately equivalent to USD 1.3 million to Coop TLM, a nonprofit microfinance institution in Indonesia. Established in 2010 by the Tanaoba Lais Manekat (TLM) Foundation and headquartered in the city of Kota Kupang, Coop TLM seeks
MICROCAPITAL BRIEF: Grameen Crédit Agricole Foundation Loans $1.9m to ACF for Microfinance in Kazakhstan
Asian Credit Fund (ACF), a rural microfinance institution (MFI) in Kazakhstan, recently borrowed approximately USD 2 million from the Luxembourg-based Grameen Crédit Agricole (GCA) Foundation. Founded in 1997 by the US-based NGO Mercy Corps, ACF provides
MICROCAPITAL BRIEF: Grameen Crédit Agricole Foundation Loans $1.9m to Mikra for Microfinance in Bosnia and Herzegovina
The Grameen Crédit Agricole (GCA) Foundation, which is headquartered in Luxembourg, has reported issuing a loan of EUR 1.9 million (USD 1.9 million) to the microfinance institution (MFI) Mikra of Bosnia and Herzegovina. Mikra, whose head office is in the city of Sarajevo, seeks to
MICROCAPITAL BRIEF: Monte Credit Borrows $600k from Grameen Crédit Agricole Foundation for Agricultural, Business Microfinance in Montenegro
The Grameen Crédit Agricole (GCA) Foundation, whose head office is in Luxembourg, has announced disbursing a loan of EUR 600,000 (USD 600,000) to the Montenegro-based microfinance institution (MFI) Monte Credit. Monte Credit focuses on
MICROCAPITAL BRIEF: Grameen Crédit Agricole Foundation Lends $860k to Salym for Microfinance in Kyrgyzstan
The Luxembourg-based Grameen Crédit Agricole (GCA) Foundation has reported providing a loan in local currency approximately equivalent to USD 860,000 to Salym Finance, a microfinance institution (MFI) in Kyrgyzstan, with the aim
MICROCAPITAL BRIEF: ACEP Niger, ACFIME Borrow in Local Currency from Grameen Crédit Agricole Foundation for Microfinance in Sub-Saharan Africa
The Luxembourg-based Grameen Crédit Agricole (GCA) Foundation recently announced it has issued a local-currency loan equivalent to EUR 762,000 (USD 756,000) in favor of Agence de Crédit pour l’Entreprise Privée (ACEP) Niger. As of 2022,
MICROCAPITAL BRIEF: ACEP Cameroon Borrows $2.2m in Local Currency from Grameen Credit Agricole Foundation to Support Micro-, Small Enterprises
The microfinance institution Agence de Crédit pour l’Entreprise Privée (ACEP) Cameroon has borrowed local currency approximately equivalent to USD 2.2 million from the Luxembourg-based Grameen Credit Agricole (GCA) Foundation. Created in 1999, ACEP Cameroon focuses on the development of micro- and small enterprises (MSEs) via deposit, loan, transfer, insurance and mobile banking services. Its loan offerings include products for farming, enterprise and other purposes. The institution’s microinsurance services range from health and life cover to vehicle insurance. ACEP Cameroon
MICROCAPITAL BRIEF: Grameen Crédit Agricole Foundation Lends Local-currency Equivalent of $445k to Microfinance Institution VisionFund Uganda
VisionFund Uganda has borrowed EUR 400,000 (USD 445,000) from the Grameen Crédit Agricole (GCA) Foundation, an NGO headquartered in Luxembourg that seeks to reduce poverty by providing funding and technical assistance to microfinance institutions and other social businesses. Established in 2012, VisionFund Uganda is a microlending unit of VisionFund International, which, in turn, is owned by
MICROCAPITAL BRIEF: Lazika Capital of Georgia Borrows $1.6m in Local Currency from Grameen Crédit Agricole Foundation for Agricultural Lending, Microfinance
Lazika Capital, headquartered in western Georgia, has acquired loans totaling the approximate local-currency equivalent of USD 1.6 million from the Grameen Crédit Agricole (GCA) Foundation, whose head office is in Luxembourg. Established in 2000 by the British member of the NGO Stichting Oxfam International, Lazika is a
MICROCAPITAL BRIEF: Furuz Microcredit of Tajikistan Borrows $560k in Local Currency from Grameen Credit Agricole Foundation
Furuz Microcredit Organization, which is headquartered in the city of Bokhtar, Tajikistan, has borrowed the equivalent of USD 560,000 in its first transaction with the Grameen Credit Agricole (GCA) Foundation, which is headquartered in Luxembourg. Established in 1999 as a program of the US-based NGO Millennium Relief and Development Services, Furuz offers loans for
MICROCAPITAL BRIEF: Grameen Crédit Agricole Foundation Lends Kenya’s Sumac Microfinance Bank Equivalent of $2.2m in Local Currency
The Grameen Crédit Agricole Foundation, a Luxembourg-based investor in “financial inclusion and entrepreneurship with social impact,” has loaned the local-currency equivalent of USD 2.2 million to
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Lends $4.6m to Agency for Finance in Kosovo (AFK), Microinvest of Moldova, Monte Credit of Montenegro
The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, has informed MicroCapital that it is disbursing loans to: (1) Agency for Finance in Kosovo (AFK) in the amount of EUR 1.5 million (USD 1.8 million); (2) Moldova-based Microinvest in local currency approximately