The Grameen Crédit Agricole Foundation finances a new partner in Indonesia
The Grameen Crédit Agricole Foundation has granted a first loan in Indonesian rupiah for a total amount equivalent to € 840,000 over a three-year period, to the microfinance institution KSP TLM.
KSP TLM is a microfinance institution that was created in 2011 by TLM Foundation whose mission is to support local communities through the provision of business development initiatives and related services based on the group lending methodology. KSP TLM serves community loans through the “SeSama” group (perSekutuan uSaha bersaMa), a group of women. This loan product is aimed at supporting female members who run microbusinesses mainly in rural areas. TLM offers also saving facilities and training programmes.
With this new investment, the Foundation now has three partners in this country, which represents, by the end of December 2017, 21% of the Foundation's microfinance commitments in the South and Southeast Asia region.