copy the linklink copied!Grameen Crédit Agricole Foundation

copy the linklink copied!Introduction

The Grameen Crédit Agricole Foundation is a non-profit foundation created in 2008 as a joint initiative of Crédit Agricole and Professor Muhammad Yunus, founder of the Grameen Bank and 2006 Nobel Peace Prize laureate.

Its mission is to finance and support microfinance institutions, businesses and projects that promote inclusive finance and the development of rural economies everywhere in the world.

As an investor, lender, technical assistance co-ordinator and fund advisor, the foundation manages more than EUR 80 million and supports more than 70 partners (microfinance institutions and social impact companies) in some 30 countries. The foundation promotes female entrepreneurship and rural economies through the institutions it supports: 75% of microcredit beneficiaries are women and 80% live in rural areas.

The Grameen Crédit Agricole Foundation has been sharing commitment and disbursement data with the OECD Development Co-operation Directorate since 2018.

copy the linklink copied!Private development finance

In 2017, the Grameen Crédit Agricole Foundation provided USD 37.6 million in private development finance through standard loans (99.9%) and common equity.

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All of the foundation’s funding was provided bilaterally. The Grameen Crédit Agricole Foundation did not channel any of its investments through the multilateral system (multi-bi/non-core contributions).

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In 2017, all of the foundation’s activities was channelled through private sector entities. See the methodological notes for further details on channels of delivery.

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In 2017, the foundation’s funding was primarily focused on Asia and Africa. USD 21.1 million (56.2%) was allocated to South and Central Asia and USD 11.9 million (31.5%) to south of Sahara Africa.

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In 2017, 86.9% of the Grameen Crédit Agricole Foundation’s activities was concentrated on its top 10 recipients. Support to fragile contexts reached USD 18 million in 2017 (48%).

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In 2017, 30% of the Grameen Crédit Agricole Foundation’s funding (USD 11.3 million) was allocated to the least developed countries (LDCs). Lower middle-income countries received 54.6% of its funding.

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In 2017, 99.7% of the foundation’s activities was allocated to economic infrastructure and services (USD 38.7 million), notably to banking and financial services.

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All of the foundation’s activities (USD 38.7 million) supported gender equality. In 2017, 99.6% of the Grameen Crédit Agricole Foundation’s sector-allocable aid had gender equality and women’s empowerment as a principal or significant objective.

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copy the linklink copied!Additional resources

Grameen Crédit Agricole Foundation: http://gca-foundation.org

Role of philanthropy in financing for development: www.oecd.org/development/financing-sustainable-development/development-finance-standards/beyond-oda-foundations.htm

OECD CRS database, Private philanthropy for development: https://stats.oecd.org/Index.aspx?DataSetCode=DV_DCD_PPFD

Reporting to the OECD since 2018.

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https://doi.org/10.1787/2dcf1367-en

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