The Grameen Crédit Agricole Foundation grants a new loan to the microfinance institution Komida
The Grameen Crédit Agricole Foundation has granted a new loan in local currency equivalent to € 2.1 million to the Indonesian microfinance institution Komida, over a three-year period.
This loan is the fourth granted by the Foundation to Komida, a partner since 2014. With this new investment, the Foundation's commitments to Komida as of end of December 2017 amount to € 3 million that is 68% of the commitments of the Foundation in Indonesia, where it currently has three partners.
Komida is a microfinance institution that began offering microloans in 2005 to communities affected
by the tsunami in Banda Aceh. The Institution targets exclusively women.