Grameen Crédit Agricole Foundation

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.

The Grameen Crédit Agricole Foundation’s 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 supports 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 disbursed USD 45.5 million for development in 2019 in the form of standard loans, mezzanine/hybrid finance and common equity. Compared to 2018, this amount represents an increase by 33% in real terms.

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In 2019, the Grameen Crédit Agricole Foundation channelled all of its investment activities through the private sector.

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In 2019, the Grameen Crédit Agricole Foundation’s development finance was primarily focused on Africa and Asia. USD 21 million was allocated to Africa and USD 19 million to Asia, accounting respectively for 46% and 42% of gross development finance.

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Bilateral private development finance by recipient country

In 2019, 71% of gross disbursements went to the Grameen Crédit Agricole Foundation’s top 10 recipients, most notably Cambodia, Myanmar and Burkina Faso.

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Least developed countries received USD 23 million (51%) of the Grameen Crédit Agricole Foundation’s gross disbursements in 2019. The Grameen Crédit Agricole Foundation allocated the highest share of its development finance (49%) to middle-income countries in 2019.

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Note: LDC: least developed country; LMIC: lower middle-income country; UMIC: upper middle-income country.

In 2019, almost all of the Grameen Crédit Agricole Foundation’s investments were allocated to economic infrastructure and services. Contributions in this area accounted for 98% of its commitments (USD 55 million), showing a strong focus on banking and financial services.

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In terms of the Sustainable Development Goals (SDGs), the Grameen Crédit Agricole Foundation streamlined its development finance to no poverty, decent work & economic growth, reduced inequalities, climate action, and gender equality.

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In 2019, the Grameen Crédit Agricole Foundation committed USD 55 million (99% of its allocable development finance) to gender equality and women’s empowerment.

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The methodological notes provide further details on the definitions and statistical methodologies applied, including core and earmarked contributions to multilateral organisations, the SDG focus of private development finance, channels of delivery, unspecified/unallocated allocations, the gender equality policy marker, and the environment markers.

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