The Foundation invests for the first time in Ghana

In 2018, the Grameen Crédit Agricole Foundation consolidated its presence in sub-Saharan Africa by investing for the first time in Ghana, where it financed three partners representing 8.1 % of the new financing set up in 2018.

ID Ghana thus received a loan in local currency equivalent to 300,000 euros. It is a Social Microfinance Institution that, thanks to its microcredit, savings, and training services, and its highly innovative social vision, helps thousands of families escape poverty sustainably. In particular, it has developed a group methodology without joint guarantees and offers a subsidy to beneficiary families to subscribe to the national health insurance system. To date, the institution has more than 10,000 borrowers, including 92% women.

Advans Ghana, for its part, received a local currency loan equivalent to €2 million. It is a financial institution that offers Ghanaian SMEs, microentrepreneurs, and individuals the opportunity to expand their businesses and improve their standard of living through accessible financial services. To date, the institution has nearly 14,000 clients, including 621,000 women.

Sinapi Aba Savings and Loans is a non-bank financial institution that offers various loan and savings products. Its mission is to be an incubator that provides entrepreneurial development and income generation opportunities to economically disadvantaged people, enabling them to improve their living conditions. To date, the institution, which has received a loan in local currency equivalent to €930,000, has more than 145,000 active borrowers, including approximately 801,300 women and 901,300 in rural areas.

For more information about our partners, click here.