by Sophie Fiala -

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

by Anuhya Tadepalli -

MICROCAPITAL BRIEF: KOMIDA of Indonesia Borrows $2.4m in Local Currency from Grameen Credit Agricole Foundation for Microenterprise Lending for Rural Women

Koperasi Mitra Dhuafa (KOMIDA), a savings and loan cooperative in Indonesia, has secured a three-year loan worth approximately USD 2.4 million in local currency from the Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg. KOMIDA was established in 2004 to provide collateral-free loans to low-income women in rural areas. As of 2019, it serves 598,000 members through 237 offices. In addition to loans and savings,