“Banquier Solidaire” [Solidarity Banker]: a volunteering programme for the staff of the Crédit Agricole Group
On the initiative of the Grameen Crédit Agricole Foundation and Crédit Agricole SA, skill-based voluntary missions carrying the "Banquier Solidaire" label are proposed to employees on behalf of microfinance institutions or "social business" companies, partners of the Grameen Crédit Agricole Foundation. Five missions have been planned for 2018.
Many Crédit Agricole Group employees volunteer for solidarity projects. To support this dynamic, the Group launched "CA Solidaires", a programme that promotes employee commitment to projects with positive social impact. It is within this framework that a new commitment scheme is now proposed to the group's employees: Solidarity Leaves. On the initiative of the Grameen Crédit Agricole Foundation and Crédit Agricole SA, skill-based voluntary missions carrying the "Banquier Solidaire" label are proposed to employees on behalf of microfinance institutions or "social business" companies, partners of the Foundation.
This is a unique partnership in the history of Crédit Agricole and the Grameen Crédit Agricole Foundation. With “Banquier Solidaire,” the Group and the Foundation are capitalizing on their synergies and stepping up their action in favour of sustainable finance. The objective is to provide additional advice and guidance for the microfinance and social businesses supported by the Foundation via pro bono missions carried out by the staff of the Crédit Agricole Group.
First missions in Burkina Faso, Senegal and Cambodia
The first mission under the “Banquier Solidaire” programme was carried out in Burkina Faso, in cooperation with Crédit Agricole Assurances. Eduardo Cardoso de Miranda, an expert in borrowers insurance at CA Insurance, provided guidance and support for the Foundation during a due diligence exercise at CIF-VIE. Created in 2013 with the support of the RCPB, the main microfinance cooperative network in Burkina Faso, and the NGO ADA, CIF-VIE intervenes in the micro-insurance sector and holds 6% of the shares of the local market. Taking a new step in its growth at this time, CIF-VIE is opening its capital to new shareholders. Thanks to the contributions by CA Assurance, the Foundation has been able to get a better understanding of the structure and to assess the possibility of investing in it. The assessment of the CIF-VIE financing file is in progress.
A second mission was carried out in Senegal for the Laiterie du Berger, a social company in which the Foundation is a shareholder, which today supports over 800 Peuls stockbreeders in the north of the country. With the support of Crédit Agricole Franche-Comté (shareholder of the Laiterie du Berger), Jonathan Michaud, an agricultural engineer from the Regional Bank, embarked on a technical assistance mission for two weeks. The aim was to structure an operating framework to be able to go from experimentation to deployment for 15 pilot mini-farms of the Laiterie du Berger. As a result of the mission, an action plan was formalized and a more ambitious cooperation was planned between Crédit Agricole Franche Comté and the Laiterie du Berger.
In cooperation with Crédit Agricole’s International Retail Banking (BPI), a mission was held in September and October in favour of Chamroeun, a microfinance institution supported by the Foundation. François Galland, International Human Resources Manager, spent two weeks in the field to help improve the HR management of Chamroeun, a microfinance institution supported by the Foundation. The HR strategy that will be charted following the mission will be geared to providing support for the organisation restructuring of Chamroeun, which today serves over 25,200 clients in Cambodia, including 82% women.
Upcoming missions in Morocco and Kazakhstan
Before the end of 2018, two other missions could be launched in favour of Al-Karama in Morocco and KMF in Kazakhstan. Al-Karama today serves over 26,200 clients in Morocco. It should benefit from financing and technical assistance under a cooperation scheme by and between the Foundation and Crédit du Maroc, including a mission of “Banquier Solidaire” to improve its systems for the prevention of money laundering and financing of terrorism. KMF is the largest microfinance institution in Kazakhstan with more than 220 000 active borrowers and a €257 million portfolio. KMF will welcome a Crédit Agricole expert to help it develop its products and services offering.
The commitment of the Crédit Agricole Group alongside the Grameen Crédit Agricole Foundation is being bolstered with “Banquier Solidaire,” which marks the commitment of the mutualist Group for a sustainable finance that promotes a more responsible and better-shared economy.