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
On 31July 2009, 8 MFI applications for financing in 7 countries (Cambodia, Kosovo, Ethiopia, Egypt, Tanzania, Mali) were approved by the Foundation’s Investment Committee for a total of €10 million.
6 of these 8 schemes have already received funding.
- On September 9th 2009, the 3d meeting of the Boardof Directors was held in Dakha, Bangladesh at the invitation of Pr Yunus,
- On November 7 & 8, the foundation participated to "the Meetings of Babyloan" that took place at Jardin d'Acclimatation in Paris. The event was meant to explain solidarity and microfinance to young people and families
