The Grameen Crédit Agricole Foundation acquires minority stakes in social companies whose main mission is to either give the poor access to essential goods and services, such as nutrition, drinking water, energy or financial services, or establish inclusive value chains in favour of local producers, while respecting a business model.
ABC Microfinance - Babyloan
BABYLOAN is the first European crowdfunding platform for solidarity loans. Babyloan offers its members the opportunity to support microentrepreneur projects in developing countries by providing interest-free loans to partner microfinance institutions. Babyloan thus allows each web-user to be part of the solidarity lenders’ community.
FADEV is a comprehensive support system for small companies with a strong societal impact. It combines financial and technical support. FADEV brings to its subscribers a mutualisation of their risk. It only finances companies already firmly established to support their new developments. Its network of partners in Africa ensures close monitoring to limit information asymmetries.
La Laiterie du Berger
La Laiterie du Berger collects milk from Fulani herders, in the North of the country, and transforms it into yogurts and other dairy products that are sold under the brand Dolima. The firm secures fixed incomes to these herders and helps them to improve the productivity of their herds. It thus contributes to the reinforcement of the local economy and the improvement of food security in Senegal, which imports over 90% of its milk.
SFA - Sénégalaise des Filières Alimentaires
The Sénégalaise des Filières Alimentaires (SFA) is developing an inclusive value chain through the production and commercialisation of rice. The SFA supports the production of quality rice by small farmers in the Senegal River Valley through long-term contract farming arrangements and by giving them access to financing and technical support. The paddy is transformed in white rice and is sold on the Senegalese market under the brand Terral. Thus, the SFA contributes to the goal of self-sufficiency in Senegal, which today depends on imports for over 75% of its rice.
Rénaca (Réseau National des Caisses villageoises d’Epargne et de Crédit Autogérées)
Le RENACA (Réseau National des Caisses villageoises d’Epargne et de Crédit Autogérées) is a mutual microfinance institution whose mission is to significantly strengthen the economic base of vulnerable rural and urban populations who are engage in self-employment by providing quality financial and non-financial services with a view to achieving sustainability. In addition, the RENACA encourages its members to save, these deposits being then used to supply a common fund, which is a basis for lending to small producers so they can grow their business.
Coopérative Des Membres Unis Bethel Actions (COMUBA)
The Coopérative Des Membres Unis Bethel Actions (COMUBA) is a microfinance institution that aims at improving the well-being of low income women groups in southern Benin by providing them with financial and non-financial quality services.
Association des Caisses de Financement à la Base (ACFB)
Created in July 2004, following the institutionalisation of the microfinance department of the GRAPAD NGO (Research and Action Group for the Promotion of Agriculture and Development - Groupe de Recherche et d’Action pour la promotion de l’Agriculture et du Développement), the ACFB is a microfinance institution whose mission is to promote low-income working populations, particularly women, by providing them with quality financial and non-financial services.
The institution offers a wide range of financial services (saving, credit, money transfer) and non-financial services (support through awareness-raising sessions and training), adapted to the needs of communities marginalised and excluded from the traditional financial system. Within its development strategy, the ACFB has been able to integrate the "gender" approach, making it a reference institution for the advancement of women and microenterprise development.
AsIEnA (Association Inter Instituts Ensemble et Avec)
AsIEnA (Association Inter Instituts Ensemble et Avec) is an association created in 2002 with the support of CCFD - Terre Solidaire that operates mainly through a group lending methodology (Mutuelle de Solidarité or MUSO) developed by SIDI. It promotes savings and credit activities with groups of 15-50 women living in remote rural areas or poor suburbs in towns. These groups also promote the sharing of experiences and economic and social training.
Acfime (Agence Communautaire pour le Financement de la Micro Entreprise)
ACFIME (Agence Communautaire pour le Financement de la Micro Entreprise) is a microfinance institution that contributes to bridge the gap not covered by the large MFIs that operate in the country. Financial services for low-income populations being severely limited in Burkina Faso, loans granted by ACFIME to highly underserved populations have a very high potential for social impact.
Première Agence de Microfinance Burkina Faso (PAMF-BF)
Première Agence de Microfinance Burkina Faso is a microfinance institution whose main activity is the collection of savings and the provision of credit on Burkina Faso territory in order to contribute to a better satisfaction of the financial needs of low-income people within an enhanced framework for the protection of their members or users.
GRoupe d’Accompagnement à l’INvestissement et à l’Epargne (GRAINE)
GRAINE (GRoupe d’Accompagnement à l’INvestissement et à l’Epargne) is a microfinance institution whose mission is to “contribute to improving social and economic conditions of poor people in Burkina Faso, mainly women in rural areas, by providing them with suitable financial services”.
Acep Burkina S.A. is a microfinance institution that specialises in financing microenterprises and existing small businesses in urban areas and their suburban neighbourhoods. The loans granted are primarily intended for financing working and investment capital requirements. Despite the existence of a very large mutual MFI in urban areas, microentrepreneurs have very little access to microfinance services. Acep Burkina brings an offer tailored to the financing needs of small urban entrepreneurs.
Pan African Microfinance du Burkina Faso (PMBF-SA) (former Sofipe)
Pan African Microfinance du Burkina Faso (PMBF-SA) (former Sofipe), which is the first banking institution exclusively dedicated to the financing of small businesses, was established in Burkina Faso in 2010. The institution was originally developed by the Agricultural and Commercial Bank of Burkina Faso with the support of IFC, the World Bank Group branch in charge of promoting the private sector of Burkina Faso thanks to a programme of significant growth in loans to small and medium-sized enterprises in sub-Saharan Africa.
The Sofipe grants loans and offers financing for imports and other financial products to small entrepreneurs who face problems accessing conventional banks. It offers a range of financial products such as credit to female and microentrepreneurs groups, as well as very small individual businesses.
Agence de Crédit pour l’Entreprise Privée au Cameroun (ACEP Cameroun)
The Agence de Crédit pour l’Entreprise Privée au Cameroun (ACEP Cameroun SA) is a microfinance institution created in 1999, whose mission is to support the development of Very Small Enterprises (VSE) in the urban centres of the country, combating poverty by broadening financing to the most vulnerable segments of the population, public and private markets, government officials and agents, pensioners and employees in the private sector, and ensure the security of the economic agents savings.
Première Agence de Microfinance Côte d’Ivoire S.A. (PAMF-CI)
Première Agence de Microfinance Côte d’Ivoire S.A. (PAMF-CI), whose main activity is the collection of savings and the provision of credit, is one of the few microfinance institutions that remains operational in the north of the country and which provides reliable services in rural areas. PAMF-CI has a strong rural focus and the institution extends loans primarily intended to improve agricultural productivity, acquire livestock, and, diversifying its portfolio, assists in establishing small enterprises in rural and urban areas.
Advans CI, a subsidiary of the international microfinance group Advans, is a microfinance institution established in Côte d'Ivoire since 2012. Advans Côte d'Ivoire’s mission is to widen access to quality financial services, credit and savings, as well as a full range of financial services accessible and suited to the needs of SMEs, entrepreneurs, traders, craftsmen and their families, and serve customers efficiently, affordably and transparently. To do so, the institution offers a simple and comprehensive range of financial products and services (credit, savings, means of payment, transfers, etc.) and is open to anyone with a professional activity, especially MSMEs.
Juhudi Kilimo is a microfinance institution whose mission is to elevate the quality of life for rural smallholder farmers and enterprises in the country by providing wealth creating financial solutions for agribusiness. Unlike traditional microfinance, which primarily provides loans for working capital to informal businesses, the institution finances specific agricultural assets that offer immediate and sustainable income for farmers. As a way of promoting more innovation, the institution also provides start-up capital for new agribusinesses.
ECLOF Kenya is a credit institution that provides financial and non-financial services to micro, small and medium sized enterprises of the country, while actively promoting savings (mainly through its compulsory savings scheme). ECLOF Kenya targets mainly small entrepreneurs in rural areas, organised in solidarity groups. In addition to its loan offer to businesses, the institution provides a variety of complementary credit products such as agricultural, social, environmental and consumer loans, as well as a small number of institutional loans. Customers regularly attend trainings, including financial education.
Musoni Kenya is a microfinance institution that leverages Information Communication Technology (ICT) heavily to manage its operations efficiently and to scale rapidly. Musoni Kenya offers flexible and adapted services to best meet the needs of clients on the market while aiming at empowering women who are among the marginalised groups and whose proportion among the institution’s clients has grown with Musoni Kenya’s expansion in rural areas.
Agriculture and Climate Risk Enterprise Ltd (ACRE-Africa) provides smallholder farmers protection, primarily through innovative index insurance solutions, against the natural risks they face in their farm activity. By protecting farmers against the risk of crop loss and the loss of their income-generating assets, ACRE-Africa contributes to the improvement of food security in Africa.
Vert Ltd. is a Kenyan business that exports fresh fruit and vegetables to Europe. The company, which was established in the year 2000, has adapted its business model over the years to respond better to the European market and laws. Vert has introduced a more sustainable model, working directly with small, local farmers who are organised in small groups. The company provides farmers with technical assistance to improve the quality of their products and ensure that they are better equipped to deal with any problems that arise. Vert also takes care of the ‘fair trade’ and ‘global gap’ certification (standard criteria for exporting fresh fruit and vegetables to Europe) for the products it exports.
Kafo-Jiginew est un réseau mutualiste de caisses d'épargne et de crédit, la plus grande institution de microfinance au Mali créé en 1987. Active depuis plus de 30 ans, elle a su concilier les avantages de la rigueur financière et de l'humanisme. Depuis l'obtention de son autonomie institutionnelle en 1994, elle propose des services financiers de proximité (épargne, crédit, micro assurance transfert de fonds, autres prestations) au plus grand nombre de personnes au Mali pour l’amélioration de leurs conditions de vie.
PhileoL Madagascar has developed an inclusive oilseed operation in the driest and poorest region of Madagascar, collecting jatropha and castor seeds from local farmers for local transformation and exportation to the region and to Europe. PhileoL thus secures farmers’ income and promotes local agricultural production. It also contributes to strengthening the output capacities and structuring local farming.
Democratic Republic of Congo
OXUS RD Congo
OXUS RD Congo started its operations in July 2013 after receiving approval from the Central Bank of Congo. This “greenfield” microfinance institution is an OXUS Holding, Proparco, and I&P investment. The project is also supported by grants from the AFD and the European Union through the ACP / EU Microfinance programme. OXUS RD Congo offers its customers a wide range of credit products for small groups of traders and very small and medium-sized individual companies. In the short term, OXUS RD Congo will also offer a range of products ranging from savings to international money transfer.
Hekima is a microfinance institution that operates in the Kivu regions of Eastern DRC, an area marked by over a decade of war as well as social, economic and institutional collapse. Hekima aims to serve the economically active poor with quality services, giving special attention to female entrepreneurs. Its products are focused on the group lending methodology, which allows for disbursement of loans to clients lacking conventional collateral.
PAIDEK (Promotion et Appui aux Initiatives de Développement Economique du Kivu)
PAIDEK is a Microfinance Institution launched in 1993 as a programme aiming at organising microcredit actions. The institution, which is geographically located on North and South Kivu, operates in both urban and rural areas. Its role is to finance the development of small commercial or livestock-raising activities, the very ones that ensure the survival of a society lacking industrial infrastructures as well as economic and social institutions.
Palmis Enèji S.A.
In Haiti, 72% of households have no access to electricity and 90% of the population depends on charcoal as source of energy for cooking purposes. To contribute to the fight against poverty and global warming, Palmis Enèji promotes universal access to clean, modern and economical energy. The company operates as a franchise business in the distribution of improved stoves, LPG stoves and solar lamps through a network of local microentrepreneurs.
Grameen Danone Foods Ltd.
Grameen Danone Foods Ltd. (GDFL) is a pioneer company in social business based in Bangladesh. It aims to improve children’s health with yogurts and other dairy products made specifically to fight dietary deficiencies through the provision of nutrients. These products are sold at an affordable price to very poor families. GDFL puts its social mission at the heart of its business model, from milk collection from local small herders to distribution thanks to a door-to-door sales system through a network of “Grameen Ladies”.
LOLC Cambodia (formerly TPC) is a microfinance institution with a social vision and a commercial orientation which provides entrepreneurs and families at the base of the socioeconomic pyramid with economic opportunities to improve their life quality and their community through the offer of effective and sustainable financial services.
AMK (Angkor Mikroheranhvatho (Kampuchea) Co. Ltd)
AMK (Angkor Mikroheranhvatho Kampuchea Co. Ltd) is a Cambodian MFI authorised, since 2010, to also collect savings. The institution provides loans mainly through the “village banking” methodology primarily targeting poor women in rural areas and agricultural activities.
Chamroeun is a Cambodian microfinance institution whose social mission is at the core of its economic model. It provides financial services to the poorest, those excluded from the range of more commercial microfinance institutions. In order to maximize the credit impact and efficiently support the poorest families, it also provides a whole range of economic, social and personal coaching and education services.
Phare Performing Social Enterprise - PPSE
Phare Performing Social Enterprise (PPSE) creates, produces and organises performing arts shows. Set up at the initiative of Phare Ponleu Selpak Association which has provided for over 20 years quality training and an education in art to children living in poverty, PPSE hires young artists from underprivileged backgrounds that have been trained by the association. PPSE offers career outlets in the circus profession and combines the best of Cambodian cultural traditions and contemporary circus.
Green Village Venture (GVV)
Green Village Ventures (GVV) facilitates access to solar power for rural households in Uttar Pradesh, the most populous state, and also one of the poorest, of India. These households are able to obtain better lighting at a lower cost than with the more widespread kerosene lamps. Green Village Ventures has anchored its service around the rural post office network, installing a solar panel and a charging station for lamp batteries at each post office.
Koperasi Mitra Dhuafa (KOMIDA)
KOMIDA is a microfinance institution that began offering microloans in 2005 to communities affected
by the tsunami in Banda Aceh. The Institution became a savings and credit cooperative in 2008. It targets exclusively women.
KSP TLM is a microfinance institution that was created in 2011 by TLM Foundation. Established in 1995 as a non-government organisation (NGO), TLM Foundation was organised by the Evangelical Protestant Church of Timor (GMIT) to support local communities through the provision of business development initiatives and related services within the province of Nusa Tenggara Timur (NTT).
TLM Foundation is committed to serving small and medium-sized groups through community economic development programmes by providing business capital to them so they can start and grow their business. The grant is run through the TLM business unit, namely KSP TLM and BPR TLM with microcredit and savings programmes.
KSP TLM serves community loans through the “SeSama” group (perSekutuan uSaha bersaMa), a group of women. This loan product is aimed at supporting fermale members who run microbusinesses mainly in rural areas. TLM offers also saving facilities and training programmes.
Agency for finance in Kosovo (AFK)
Lazika is a microfinance institution created in 2000 by Oxfam Great Britain. Its mission is to facilitate access to financial services adapted to entrepreneurs with low and medium incomes.
Lazika provides its customers diversified credit products (trade, agriculture, consumption, etc.) according to the individual methodology.
ACTED microfinance programme started in Tajikistan in 1997, just as the country emerged from a civil war. The programme aimed at supporting bakers who were in desperate need of flour which was repaid at a later stage. Following the success of this initiative, ACTED gradually launched several microfinance programs across the country until February 2006 when OXUS was registered with the Tajik National Bank as a Micro Lending Organisation.
In order to best meet the specific needs of its clients OXUS Tajikistan currently offers different types of products, with individual loans accounting for 80% of the affiliate’s outstanding loan balance against 20% for group loan products.
Since inception OXUS Tajikistan has focused on operations in rural areas where over 80% of clients live and work. To date about 45% of OXUS clients in Tajikistan use their loan to finance trade and services activities, while nearly 50% use it for livestock and horticulture. In the meantime, women represent over 35% of OXUS Tajikistan clients.
ACAD Finance (Arab Center for Agricultural Development)
ACAD-Finance (Arab Center for Agricultural Development) is a Palestinian microfinance organization that provides financial services adapted to women and poor families, mainly in rural areas, in West Jordan and Gaza, in order to promote income generating projects and jobs and thus contribute to poverty alleviation and the economic development of Palestine. This social mission lies at the heart of its business model and its commercial practices.
The GCA Fund is an investment fund that seeks to bridge the gap between socially motivated investors and innovative Social Business firms that need capital to develop products and services adapted to the needs of the poorest. The Fund is dedicated to investing in Social Business companies and is primarly oriented towards developing countries. It plays the role of facilitator, taking minority stakes alongside strategic shareholders and a long-term partnership approach to its investment. Investments is measured against the quality of the business plan, the robustness of the business model and the social impact sought.
The GCA Fund is, itself, a Social Business. Its operational objective is to achieve a strong social performance while allowing investors to have their investment reimbursed at the maturity of the Fund. Investors then commit to recycling any capital gains into new Social Business initiatives.
TCX Investment Fund
The Currency Exchange Fund (TCX) is a special purpose fund that provides OTC derivatives to hedge the currency and interest rate mismatch that is created in cross-border investments between international investors and local borrowers in frontier and less liquid emerging markets. The goal is to promote long-term local currency financing, by contributing to a reduction in the market risks associated with currency mismatches. To achieve this objective, TCX acts as a market-maker in currencies and maturities not covered by commercial banks or other providers, notably where there are no offshore markets, no long-term hedging, or, in extreme cases, no markets at all.
Proximity Finance is a microfinance programme developped within Prowimity Designs, a nonprofit social venture that has been reducing poverty and hunger for tens of thousands of rural families in Myanmar since 2004. It addresses extreme poverty by treating the poor as customers and offering innovative and affordably designed technologies and services. Its customers are families who earn their living by farming small plots of land.
Proximity Finance provides growers with ongoing access to credit. Trapped in a cycle where low investment leads to low returns, well-structured financing can help farmers find a pathway out of poverty. With this in mind, Proximity Finance is re-thinking traditional microfinance models to fit Myanmar’s Dry Zone and Delta crop cycles.
BRAC is the world’s largest development organisation, dedicated to empowering people living in poverty. In Myanmar, BRAC offers a pro-rural and pro-poor service as well as bringing a holistic development model delivered through its microfinance plus approach. By building the platform of branch offices throughout Myanmar, BRAC plans to create integrated development hubs where microfinance will be complemented by e.g. health, agriculture and education programmes. The information gathered from microfinance activities are being recorded systematically to identify needs of the community for better design and delivery of services.
Vision Fund Myanmar
Myanmar is Asia's second poorest economy. But it is currently emerging from a long period of isolation. VisionFund Myanmar is working closely with its people since 1998 to help unlock economic potential, transforming communities and empowering families.
VisionFund Myanmar lends small sums of money to people who do not have a measurable credit history, assets to secure the loans, or access to mainstream financial providers. Loans provide funds that enable borrowers to set up and grow their small businesses with affordable credit. The institution has service centres in remote rural areas. Clients also contribute funds to finance for local projects including constructing schools, building roads and supporting healthcare. As loans are paid back, others in the community can benefit from further loans.
Microfinance Organization ‘Bereke’, LLC is a microfinance institution (MFI) offering microcredit to people in the rural areas of Kazakhstan’s Semey region. The institution, rooted in a 1998 UNDP women’s microcredit project, enjoys a strong and competitive position in the microfinance market in East Kazakhstan. Over the years, ‘Bereke’ has developed a loyal client base, the majority of which are female.
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.
KazMicroFinance LLC (KMF)
The Microfinance institution KMF was established in 1996. It serves rural and urban microentrepreneurs throughout Kazakhstan. KMF is active in 11 of Kazakhstan’s 14 regions, and runs a vast and expanding network of branches and sub-offices.
KMF is among the leaders in the Central Asian microfinance sector and the largest MFI in Kazakhstan, in terms of size and outreach. It provides both individual and group solidarity loans, with a focus on women entrepreneurs and inhabitants of remote rural areas.
KMF has a dedicated social performance management unit which collects, monitors and reports on a range of social indicators including client satisfaction and client retention.
Asian Credit Fund LLC (ACF)
The microcredit institution Asian Credit Fund LLC (ACF) was established in 1997, as a micro and small business lending programme set up by international relief and development organisation, Mercy Corps.
ACF’s financial services are designed to promote the development of rural households, the growth of small businesses, and home ownership in cities and villages throughout the Republic of Kazakhstan. With its headquarters in Almaty, ACF has a network of rural offices throughout the country.
ACF adheres to a niche community lending model, providing tailored financial solutions, business advice and technical assistance to its clients. These services are provided both directly by ACF’s personnel and through targeted referrals made to members of ACF’s partner network.
Monte Credit is a Tier 3 institution that was created in 2005. Monte Credit, together with AgroInvest Serbia (microfinance institution in Serbia), belong to AgroInvest Holding, which started its operations first in Montenegro in 1999 and then in Serbia in 2001, as an affiliate of VisionFund International (VFI).
The target clients of Monte Credit Montenegro are poor households, households with small business activities, micro businesses such as trade, agricultural production/processing/sales, small and medium productions and facilities for tourist season of a moderate type. Monte Credit provides mainly agricultural and business loans to its clients under the individual methodology.
FINCA Microfinance Company Jordan
FINCA Microfinance Company Jordan is the first microfinance institution to be fully licensed and regulated by the Central Bank of Jordan. Currently serving more than 27,000 customers across its 9 branches, FINCA Jordan offers small group, individual and agriculture loans, all of which are offered via conventional lending or Islamic financing principles.