The Foundation grants a first loan to Vision Fund Senegal

The Grameen Crédit Agricole Foundation is continuing its financing in West Africa with an initial loan in local currency equivalent to one million euros granted to the microfinance institution Vision Fund Senegal, over a period of three years.

Vision Fund Senegal is a microfinance institution established by World Vision International and whose mission is to facilitate access to a conventional financial system for rural and vulnerable populations, access to local financial services, the opportunity to launch or develop income-generating activities and, in general, the possibility of improving their living conditions. Vision Fund Senegal primarily targets women microentrepreneurs, using the group lending methodology. To date, the institution has nearly 40,000 clients, including 95 women and 86 rural clients, and manages a portfolio of €9 million.

For more information on the organizations supported by the Foundation, click here.