Grameen Crédit Agricole Foundation financing a new partner in Uganda
The Grameen Crédit Agricole Foundation has granted a €1 million loan to the Norwegian international development organisation Strømme Foundation East Africa, for its regional office in Uganda. Strømme, which began its East African microfinance activities in 1994, operates in Uganda, Kenya, Tanzania and Southern Sudan. Its goal is to provide financial services tailored to the market, and capacity-building support for Microfinance Institutions (MFI*) and business services, to improve access to financial services for poor entrepreneurs in East Africa. The institution currently has over 25 active IMF partners, with over 50% based in Uganda. The MFIs financed by SMF EA have almost 2 million customers, 66% of whom are women.