A partnership to strengthen “climate smart finance”

Family farming in Africa constitutes the bulk of the continent's agricultural production. It is particularly impacted by climate change. Microfinance institutions (MFIs) in rural areas must adapt their practices to better manage their own risks as well as those of their clients.

Faced with this challenge, the Grameen Crédit Agricole Foundation and YAPU, a German social fintech company, aim to support partner MFIs in digitizing their operations and updating their information systems to incorporate climate risk. In November 2017, the Grameen Crédit Agricole Foundation and YAPU signed a cooperation agreement to develop services in the field of climate-smart finance. This approach aims to include climate change risks in the product and service offerings of financial institutions so that they can further develop economically viable activities that are resilient to climate change and contribute to the preservation and restoration of ecosystems. Two projects will be launched in 2018 as part of this partnership.

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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.