In September 2008, under the joint impulse of the leaders of Credit Agricole S.A. and Professor Yunus, 2006 Nobel Peace Prize and founder of Grameen Bank, Crédit Agricole S.A. and Grameen Trust launched the Grameen Crédit Agricole Foundation, offering a unique alliance that combines know-how and shared values of solidarity, confidence and entrepreneurial spirit. The mission entrusted to the Foundation is to participate in efforts to combat poverty by committing to sustainable development and fair finance.
To fulfil this mission, the Grameen Crédit Agricole Foundation received, from its inception, an endowment of € 50 million from Credit Agricole S.A., the head organisation of Crédit Agricole. It is an independent Foundation organised under the laws of Luxembourg, governed by the amended law of 21 April 1928 concerning not-for-profit associations and foundations, and operates under the supervision of the Ministry of Justice of the Grand Duchy of Luxembourg. Its statutes were approved by grand-ducal decree dated 27 September 2008 and its headquarters are located in Luxembourg.
The mission of the Foundation is to contribute to the fight against poverty in the so-called "emerging" countries by promoting the financial inclusion of the most deprived and their access to essential goods.
Furthermore, as a Social Business company, its vision is to promote inclusive and responsible finance through the application of a rigorous approach, a standardised work grounded on international references and the ethical commitment of its staff. By means of its activities, the Foundation shows its willingness to open up to the world, constantly evolve and build partnerships in line with its mission.