The Foundation strengthens its support for the Laiterie du Berger

© Philippe Lissac

The Grameen Crédit Agricole Foundation has strengthened its support for Laiterie du Berger, in which it holds 11.5% of the capital, with a new investment. The Grameen Crédit Agricole Foundation has strengthened its support, which it began in 2010, for Laiterie du Berger, in which it holds 11.5% of the capital, with a new investment in the form of a shareholder current account and a new equity investment. With this new investment, the Foundation's investment in Laiterie du Berger is €758,000, representing €16% of the Foundation's Social Business commitments.

La Laiterie du Berger is a social enterprise that recycles milk collected from Fulani herders in northern Senegal, transforming it into yogurts and other dairy products sold under the Dolima brand. By providing a steady income for herders and helping them improve their herds' productivity, La Laiterie du Berger contributes to strengthening the local economy and increasing food security in the country, which imports more than 90% of the milk it consumes.

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Created in 2008, under the joint leadership of Crédit Agricole SA's management and Professor Yunus, 2006 Nobel Peace Prize winner and founder of Grameen Bank, the Grameen Crédit Agricole SA Foundation is a multi-sector operator that contributes to the fight against poverty through financial inclusion and social impact entrepreneurship. As an investor, lender, technical assistance coordinator, and fund advisor, the Foundation supports microfinance institutions and social enterprises in nearly 40 countries.