17,5M€
Wallet
15 237
Number of beneficiaries
40,9 %
Women beneficiaries
84,4 %
Rural beneficiaries
Tajikistan
Financial services
Funding granted
Loan of €2.2M*
(local currency equivalent)
Foundation Partner
since 2012
*Outstanding at grant value
Context :
Tajikistan's population is relatively poor. Agriculture's share of GDP is declining, but it still employs 461,000 people of the labor force.
The company:
A microfinance institution established by the NGO Acted in 2004, OXUS Tajikistan is a transparent and accountable network committed to providing financial services to the working poor and the unbanked.
Impact :
OXUS Tajikistan primarily targets microentrepreneurs and farmers in rural areas. Its social mission is clear and aims to improve the economic and social conditions of the low-income population that is not served by the banking sector.
Solidarity Bankers: a new mission to be filled in Tajikistan
Launched by the Grameen Crédit Agricole Foundation and Crédit Agricole SA, Solidarity Bankers is a skills-based volunteer program open to Group employees that supports microfinance institutions and impactful businesses. The program has a twofold objective: to enhance the skills of Crédit Agricole Group employees and to provide additional support to the Foundation's partner microfinance institutions and impactful businesses. Through this program, the Crédit Agricole Group reaffirms its commitment to supporting employee solidarity initiatives.
What are the Solidarity Bankers missions?
Volunteer missions abroad are offered to employees on behalf of microfinance institutions or social impact companies, partners of the Grameen Crédit Agricole Foundation.
The missions are carried out through sponsorship or skills-based volunteering. Airfare and insurance are covered by Crédit Agricole SA. Any internal transportation costs, meals, and accommodation are paid by the beneficiary organization. The Grameen Crédit Agricole Foundation will prepare and coordinate the mission.
Since the launch of the program in 2018, fourteen missions have been carried out, both in sponsorship and skills-based volunteering.
A mission to be filled!
A seven to ten-day guarantee assessment mission is available for Oxus Tajikistan, in Tajikistan, either at the end of June or between August and October 2020.
The story of OXUS began in 1997 in Tajikistan, just as the country was emerging from a civil war. At that time, ACTED began disbursing its first microloans in the Vakhsh Valley. Following the success of this initial initiative, ACTED gradually launched several microfinance programs across the country. In February 2006, OXUS was finally registered with the Tajik National Bank as a microcredit organization.
As of December 2019, OXUS Tajikistan was ranked among the largest microfinance institutions in the country by portfolio. Currently, MCO "OXUS" Tajikistan is part of the OXUS Group of microfinance institutions, which also operates in Kyrgyzstan and Afghanistan.
Mission objectives:
- Analysis of the current methodology for guarantee assessment
- Develop a new evaluation methodology
- Training managers at headquarters level
How to apply?
- Click on the link opposite "Finding your mission"
- Enter "Grameen Foundation" in the search bar. All Solidarity Leave offers will appear!
- Click on the offer of your choice, you will find all the information necessary for your application.
Contact
Carolina HERRERA
Director of Communications & Partnerships
carolina.herrera@credit-agricole-sa.fr
The Foundation continues its investments in Europe and Central Asia
In recent months, the Grameen Crédit Agricole Foundation has continued to expand its portfolio with new investments in Eastern Europe and Central Asia.
It has thus granted a new loan to the microfinance institution Monte Credit in Montenegro, for an amount of 1 million euros over a period of 3 years. Monte Credit offers its clients mainly agricultural loans and loans for commercial activities, using the individual lending methodology. To date, the institution, which manages a portfolio of 7.4 million euros, has 4,600 clients, including 55% women. 56% of its clients are located in rural areas.
The Foundation also granted two new loans totaling €2.5 million to the Georgian microfinance institution Lazika, whose mission is to facilitate access to financial services tailored to entrepreneurs. With a portfolio of €14 million, the institution now has approximately 11,000 clients, including 471,000 women and 751,000 clients in rural areas.
Finally, the Foundation granted a new three-year loan to OXUS Tajikistan for €1.2 million. OXUS Tajikistan is a microfinance institution focused on operations in rural areas, where more than 80,000 of its clients live and work. To date, the institution has 14,000 clients, including 39,000 women, and manages a portfolio worth €11.3 million.
With these new investments, the Foundation now has 16 partners spread across 7 countries in the region, representing a portfolio of outstanding loans of 16.6 million euros, or 19.81% of the total amount of outstanding loans managed by the Foundation at the end of October.