The Foundation makes its first investment in Kazakhstan

The Grameen Crédit Agricole Foundation has just disbursed its first loan in Kazakhstan to Bereke, an institution created as a UNDP microcredit project, mainly aimed at women and which enjoys a strong and competitive position in the microfinance market of East Kazakhstan.

Bereke’s mission is “to contribute to the improvement of living standards of people of Kazakhstan through economic support by providing loans to small and micro businesses as well as consumer loans for low-income urban and rural population to meet the basic family needs”. Bereke provides agricultural, business, housing and consumer loans to its clients under the group and individual methodology.

With this new partnership, the Grameen Crédit Agricole Foundation is now working with 54 MFIs (two of which are also Social Business companies) in 29 countries.