The Foundation grants a loan of €330,000 to Chamroeun in Cambodia

The Grameen Crédit Agricole Foundation has granted a two-year loan of €330,000 to the Chamroeun microfinance institution in Cambodia. The Grameen Crédit Agricole Foundation has granted a two-year loan of €330,000 to the Chamroeun microfinance institution in Cambodia, in which it has been a shareholder since 2012, amounting to 20%. With this new loan, the Foundation's cumulative investment in this social enterprise stands at €1.6 million as of the end of December 2017.

Chamroeun is a microfinance institution that places social vocation at the heart of its business model. It provides financial services to the poorest, excluded from the services offered by more commercial microfinance institutions. To maximize the impact of credit and effectively assist very poor families, it also offers them a range of training and economic, social, and personal support services. As of the end of September 2017, the institution had 24,530 active clients, including 811 TP3T, with an average loan granted to its clients equivalent to 315 euros.

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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.