TECHNICAL ASSISTANCE IN SUB-SAHARAN AFRICA
With over 10 years of experience in the microfinance sector, the Grameen Crédit Agricole Foundation finances and provides technical assistance to microfinance institutions.
With 35% of investments in Sub-Saharan Africa, the continent is at the heart of the Foundation's actions and its mission to contribute to the fight against poverty.
12
microfinance institutions supported
853 545€
Program budget
TECHNICAL ASSISTANCE IN SUB-SAHARAN AFRICA
Alongside the European Investment Bank (EIB) and the Luxembourg government, the Foundation will strengthen its support for microfinance institutions in West Africa as part of a new technical assistance program. Both of the Foundation's partners have extensive experience in developing microfinance: the EIB has already committed more than €1.3 billion to the sector since the first microfinance operations in 1992, and Luxembourg accounts for 611,000 million of global microfinance assets under management.
Context
The Foundation won three calls for tenders in 2019, 2020, and 2021, launched by the EIB and the Luxembourg Government, for a total grant amount of €853,545. These funds allow the Foundation to support microfinance institutions in sub-Saharan Africa with technical assistance missions, thus strengthening its commitment to the region.
The areas of technical assistance covered are: capacity building, institutional strengthening, post-Covid recovery, green microfinance and women's economic empowerment.
Common goal
This two-year program will enable the Foundation to support Caurie (Senegal), Kafo Jiginew (Mali), Graine (Burkina Faso), ACEP Burkina Faso and ACEP Niger in order to facilitate their digital transformation, improve risk management and strengthen social performance management.
Thanks to this partnership with the EIB and the Government of Luxembourg, the Foundation is increasing its presence in West Africa and strengthening its value proposition to its partners in the region.