Created in 2008, at the joint initiative of Crédit Agricole’s Directors and Professor Muhammad Yunus, Founder of the Grameen Bank and 2006 Nobel Peace Laureate, the Grameen Crédit Agricole Foundation is a committed actor in the fight against poverty through microfinance and social entrepreneurship.

Grameen Bank: a Nobel Prize

Grameen Trust

Microfinance has existed in different forms for a long time. Borrowing and lending mechanisms have existed for several millennia in Africa and Asia. However, “Modern” microfinance was launched in 1978 with the creation of the Grameen Bank by Professor Muhammad Yunus who was looking for a concrete response to the economic crisis his country was going through.

Founded in 1989 by Professor Yunus, Grameen Trust uses microcredit as a tool for poverty alleviation and follows the Grameen Bank's approach. It is a non-profit, non-governmental organisation that supports and promotes microcredit and social business and also offers training and technical assistance for organisations wishing to replicate the Grameen Bank initiatives.