The Foundation funds a new partner in Indonesia

The Grameen Crédit Agricole Foundation has granted an initial loan in Indonesian rupiah equivalent to 840,000 euros, over a period of three years, to the microfinance institution KSP TLM.

KSP TLM is a microfinance institution established in 2011 by the TLM Foundation to support local communities through business development initiatives and related services in the province of Nusa Tenggara Timur. KSP TLM offers community loans to support income-generating activities. The loans are primarily intended for women entrepreneurs, primarily in rural areas. KSP TLM also offers savings products and training programs.

With this new investment, the Foundation now has three partners in this country, which, as of the end of December 2017, represents 21% of the Foundation's microfinance commitments in the South and Southeast Asia region.

___________________________________________________________

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.