Announced on 18 February 2008, the Foundation was effectively created on 24 September 2008, when it was approved by the competent authorities of Luxembourg where its registered office is located.
A non-profit organisation, Grameen Crédit Agricole Microfinance Foundation was given a €50 million endowment by Crédit Agricole SA to fight against poverty and financial exclusion in emerging countries by supporting the development of Micro-Finance Institutions (MFIs) and by facilitating social business projects.
>>For more information, look at the mission of Grameen Crédit Agricole Foundation
René CarronInterview of René Carron, Chairman of Crédit Agricole S.A.
Georges PaugetInterview of Georges Pauget, Crédit Agricole S.A. CEO
Muhammad YunusInterview of Muhammad Yunus, laureate of the 2006 Nobel Peace Prize and Managing Director of Grameen Bank
Grameen Crédit Agricole Microfinance Foundation takes initiatives in Sénégal to develop microfinance and social business
During the last Summit of the World's regions on Food Security that took place in Dakar - Senegal on January 18th - 19th, 2010, Jean-Luc Perron, Managing Director of Grameen Crédit Agricole Microfinance Foundation, announced the Foundation's participation to 3 projects in Senegal:
- A FCFA 328 mln, ( € 500.000) loan to Caurie, based in Thiès - Senegal. Caurie is a savings and credit cooperative created in 2005, that finances 30 000 women borrowers orgnanised in group lenders. Caurie's average loan is of €162 and the reimbursment rate reaches 100%.
- a FCFA 100 mln (€ 150.000) to finance MEC FEPRODES, a microfinance institution based in Saint-Louis, North Senegal.
MEC Feprodes is a mutualist and credit institution created in 1999 by the Federation of Producing Women of the Saint Louis region. It registers 13.600 members, among whom 76% are women, operationg through a 7 agencies network, mainly in rural zones.
- A 10% participation in the capital of Laiterie du Berger: Founded in Richard Toll in 2006 by a young Senegalese entrepreneur, Bagoé Bathily, Laiterie du Berger aims at collecting milk from the traditional farmers, to produce yogurts, pasteurised milk, cream and other dairy products that are distributed under the Dolima brand in Grand Dakar. By encouraging the development of a local milk production, Laiterie du Berger contributes to provide a steady income to more than 600 local farmers' families.
It employes 150 persons in Richard Toll and Dakar. Grameen Crédit Agricole Microfinance Foundation decided to support the economic model and social project of Laiterie du Berger by investing in partnership with Bathily family, the socially responsible fund Invertisseur et Partenaire, and Danone Community venture capital fund..
A new Director for the Foundation
Mrs Soukeyna Ndiaye Ba, 
General Manager of INAFI, former Minister of Cooperation, joined the Foundation's Board of Directors that took place in Paris on the 3d of February 2010. Founder and CEO of Women Development Enterprise in Africa, Mrs Soukeyna Ndiaye Ba will grant her experience in microfinance and her knowledge of the economic and social promotion in Senegal and Africa.
- On the 9th of Septembre 2009:The 3d Board of Directors was invited in Dakha, Bangladesh, by Pr Muhammad Yunus.
