The Foundation is developing its partnership with LOLC in Cambodia

© Philippe Lissac

The Grameen Crédit Agricole Foundation has granted a new three-year loan of €1.9 million to the Cambodian microfinance institution LOLC Cambodia. This loan is the fifth granted by the Foundation to this institution (formerly TPC), a partner since 2010.

With this new loan, LOLC Cambodia, whose mission is to provide entrepreneurs and families at the base of the socio-economic pyramid with economic opportunities to improve their quality of life and their community through the provision of effective and sustainable financial services, represents 55% of the Foundation's microfinance commitments in Cambodia where it currently has three partner MFIs.

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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.