Crédit Agricole Group
Created in 2008 under the joint leadership of Crédit Agricole SA and the 2006 Nobel Peace Prize and founder of the Grameen Bank, Pr. Muhammad Yunus, the Grameen Crédit Agricole Foundation is a committed player in the fight against poverty through the promotion of microfinance and social entrepreneurship. Alongside the Crédit Agricole Group, its long-standing partner, the Foundation is developing new forms of cooperation that will both diversify its service offering and bring together the Group's microfinance sector entities.
Solidarity banker: a volunteering programme for the staff of the Crédit Agricole
Many Crédit Agricole Group employees volunteer for solidarity projects. To support this dynamic, the Group launched "CA Solidaires", a programme that promotes employee commitment to projects with positive social impact. It is within this framework that a new commitment scheme is now proposed to the group's employees: Solidarity Leaves. On the initiative of the Grameen Crédit Agricole Foundation and Crédit Agricole SA, skill-based voluntary missions carrying the "Banquier Solidaire" label are proposed to employees on behalf of microfinance institutions or "social business" companies, partners of the Foundation.
This is a unique partnership in the history of Crédit Agricole and the Grameen Crédit Agricole Foundation. With “Banquier Solidaire,” the Group and the Foundation are capitalizing on their synergies and stepping up their action in favour of sustainable finance. The objective is to provide additional advice and guidance for the microfinance and social businesses supported by the Foundation via pro bono missions carried out by the staff of the Crédit Agricole Group. Three missions were carried out in Burkina Faso, Senegal and Cambodia. Three other missions will be launched in Kazakhstan and Haiti.
More information here.
Centimes solidaires : Credit Agricole employees support entrepreneurship projects
The “Centimes Solidaires” operation has been launched at the initiative of the Grameen Crédit Agricole Foundation and Crédit Agricole SA to finance entrepreneurship projects. Every year, during one week, the staff of the Crédit Agricole Campuses in Montrouge and Saint-Quentin will be invited to make a 50 cents donation when paying for their meals in the canteens of those campuses. For this first year, the donations collected were given to the NGO Entrepreneurs du Monde to finance “Programme France” which aims to support entrepreneurship projects for refugees, single parents and homeless people in Lyon. €6 660 were given to Entrepreneurs du Monde, of which €2 660 were raised with Crédit Agricole employees. Crédit Agricole SA and the Grameen Crédit Agricole Foundation contributed to the final amount collected.
A microfinance investment vehicle for The Crédit Agricole Group
In order to bolster its support for rural microfinance, the Foundation launched in partnership with CA Indosuez Wealth (Asset Management) and CACEIS Bank Luxembourg Branch, the Fund for Inclusive Finance in Rural Areas (FIR), a social impact investment fund which enables Crédit Agricole’s entities and Regional Banks to invest in the financingrural MFIs.
The first fundraising drive, which ended on 28 September 2018, confirmed the participation of 13 Regional Banks (Alsace-Vosges, Centre-est, Centre-France, Champagne- Bourgogne, Franche-Comté, Ille-et-Vilaine, Languedoc, Loire-Haute Loire, Martinique- Guyane, Normandie-Seine, Réunion, Savoie and Sud Rhône Alpes) – representing 1/3 of the the Group’s Regional Banks – and Amundi for an amount close to €6 million.
It is a unique project in the history of the Group and the Foundation. It will help multiply their impact for inclusive financing and will show the potential for action between microfinance and banking to strengthen the financing of rural economies.