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The Grameen Crédit Agricole Foundation

A unique partnership

Created in 2008 at the joint initiative of Crédit Agricole’s Directors and Professor Yunus, founder of the Grameen Bank and 2006 Nobel Peace Prize laureate, the Grameen Crédit Agricole Foundation is a cross-business actor committed to contribute to the fight against poverty and inequalities by promoting financial inclusion and social impact entrepreneurship.

Initially endowed with €50 million by Crédit Agricole S.A., the Foundation supports today more than 80 partners (microfinances institutions and social business) and operates some forty countries with more than 93 million euros in portfolio managed by the Foundation. Women and rural populations represent respectively 85% and 78% of the almost 9 million customers served by the institutions funded by the Foundation.
 

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40

countries of intervention

93.3

portfolio managed

8.9

millions of beneficiaries

 

Discover the Foundation’s 10th anniversary video

 

Strong partnerships with the Crédit Agricole Group

The Foundation is a strong lever for the Crédit Agricole Group in the promotion of inclusive finance.

The Foundation has set up cooperation schemes with the Banque de Proximité à l'International (BPI) in Romania, Egypt, India and Morocco, which enables Group entities to finance microfinance institutions in local currency with the guarantee of the Foundation, which also handles the monitoring process.

Launched in 2018 by the Foundation, CA Indosuez Wealth (Asset Management) and CACEIS Bank Luxembourg Branch, the fund for Inclusive Finance in Rural Areas (FIR) is the first microfinance fund of Crédit Agricole. This fund offers the possibility for the Regional Banks and Crédit Agricole entities to invest in the financing of rural microfinance institutions in emerging countries that serve populations traditionally excluded from the banking sector.

Launched in June 2018 at the initiative of the Foundation and Crédit Agricole S.A., Banquiers Solidaires is a skills volunteer program open to all Crédit Agricole Group employees in favor of microfinance institutions and companies with a social impact supported by the Foundation. The Foundation, Crédit Agricole SA and CA Centre-est introduced the Centimes Solidaires program in 2018. This program aims to finance entrepreneurship projects by mobilizing Crédit Agricole employees who are invited to make a donation of 50 cents when paying for their meals in collective restaurants.

The Circle of Friends of the Foundation is a space open exclusively to Crédit Agricole Group employees interested in the Foundation's activities and mission. It is a circle for sharing information and debate, and also provides access to events and meetings with the Foundation's partners.

 

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