Foundation grants new loan to OXUS Tajikistan

The Grameen Crédit Agricole Foundation has granted a new loan to the microfinance institution OXUS Tajikistan. The loan, worth €465,000, is the fourth granted to this Tajik institution, which primarily targets microentrepreneurs and farmers in rural areas. Its social mission is clear and aims to improve the economic and social conditions of low-income populations who are not served by the banking sector.

With this new loan, the Foundation has €24.5 million in outstanding loans tracked in the Eastern Europe and Central Asia region, with a total of 19 partners in 10 countries. This represents €261 million of the total outstanding loans tracked by the Foundation as of the end of September 2020.

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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 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 40 countries.

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