The Board of Directors of the GCA Foundation will be held in Paris on March 11, 2017 in the presence of H.R.H. the Grand Duchess of Luxembourg
On March 11, 2017, the Board of Directors of the Grameen Crédit Agricole Foundation (GCA) will be held in Paris. On this occasion, H.R.H the Grand Duchess of Luxembourg will be present, in her capacity as a Director of the Foundation, alongside Professor Muhammad Yunus, also a member of the Board of Directors.
A UNESCO Goodwill Ambassador for the promotion of microcredits and for the education of women and girls throughout the world since 1997, H.R.H. the Grand Duchess has been a member of the GCA Foundation since its inception in 2008. The Grand Duchess met with Professor Yunus, founder of the Grameen Bank, originator of microcredit and Nobel Peace Prize laureate, in 1998. Since then, she has supported a large number of microfinance projects, in particular in Nepal, Mali, Bangladesh, Laos and Bosnia, projects aimed at improving the quality of life for girls, women and their families, particularly through education programmes and the granting of microcredits
Since 2008, the GCA Foundation has approved 206 investment projects for a cumulative amount of 148 million euros. To date, the Foundation works in 29 countries with 50 microfinance institutions (MFIs) and 15 social and solidarity-based economy companies that work mainly in the sectors of agri-food, renewable energy and culture. Foundation's partner MFIs serve 3.6 million people, mainly in sub-Saharan Africa. 84% of these clients are women and mostly live in rural areas.