FIR Fund

The Grameen Crédit Agricole Fund “the GCA Fund” and its sole sub-fund, the FIR[1] (hereinafter referred to as the “sub-fund”), were launched by the Grameen Crédit Agricole Foundation, also the Investment Advisor to the GCA Fund (the “Investment Advisor” or “the Foundation”). Innpact Fund Management SA is the alternative investment fund manager to the GCA Fund (“AIFM”).

The GCA Fund qualifies as an alternative investment fund in accordance with the law of July 12, 2013 relating to alternative investment fund managers.
The sub-fund promotes social characteristics according to the definition applicable to Article 8 SFDR Funds on the publication of sustainability information in the financial services sector. The sub-fund aims to offer financial instruments to partner Microfinance Institutions (MFIs), which are selected according to their social objectives. It primarily targets rural MFIs whose mission is to combat poverty and promote the financial inclusion of the poorest, the majority of whom are women, through a range of adapted and accessible microfinance services. Social characteristics are integrated throughout the FIR investment process, both in the sub-fund's eligibility criteria and in its monitoring systems, thus ensuring the fund's compliance with minimum social guarantees and taking measures based on the ESG risk profile of the potential partner. The sub-fund is actively involved with its partner MFIs to encourage the adoption of best practices on environmental, social and governance issues when risks are detected.

[1]Inclusive Finance in Rural Areas