The Foundation makes two new investments in the DRC

© Philippe Lissac
In 2018, the Foundation continued its investments in sub-Saharan Africa, notably with two new investments in the Democratic Republic of Congo.
It thus financed with a loan equivalent to 698,000 euros Baobab RDC, a microfinance institution created in 2012 by OXUS and acquired by the Baobab group (formerly Microcred) in 2017. Baobab RDC's mission is to serve people excluded from the traditional financial system and to improve their living conditions by offering them a varied, simple and accessible range of products. The institution offers both group and individual loans. To date, the institution has 7,847 clients, including 50.7% women.
The Foundation also provided its first-ever grant to VisionFund DRC, granting it a loan equivalent to €900,000. VisionFund DRC offers a wide range of loans, savings programs, microinsurance, and other services. In rural areas of the country, where access to credit is difficult, these financial products significantly improve the lives of many people. To date, the institution has more than 16,800 clients, including 67,000 women. 63.3 million of VisionFund DRC's clients are in rural areas.
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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.
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