The Foundation is also an investment fund advisor and helps investors embark on the development of microfinance or, more generally, inclusive finance.


Launched in 2018 by the Grameen Crédit Agricole Foundation, CA Indosuez Wealth (Asset Management) and CACEIS Bank, Luxembourg Branch, the Fund for Inclusive Finance in Rural Areas (FIR) is the first microfinance fund of Crédit Agricole. It offers the Regional Banks and entities of the Crédit Agricole SA Group the opportunity to invest in the financing of rural microfinance institutions in emerging countries serving people traditionally excluded from the banking sector.

SELECTION CRITERIA

The FIR selects the MFIs on the following fundamentals:

  • Their compliance with financial and social eligibility criteria (maturity, financial and social performance) and their balanced financial and social performance objectives.
  • Protecting their clients by providing accessible, honest and transparent and considerate financial services. actively risk of over-indebtedness.
  • Their use of recognised tools to monitor their financial and social objectives and improve their practices and services.