Economic development is enabled by support for entrepreneurial activities of women. Their independent income is a key factor for reducing gender-related inequalities in the world.
With 77% women among customers active in its partner institutions, compared with less than 50% for the average in the sector, the Foundation is seen as a committed stakeholder. It’s a choice made since it was created, one that is continued today: about one third of the institutions in its portfolio target women in particular.
Zhanna B. Zhakupova, Managing Director of Asian Credit Fund, the Foundation-supported microfinance organization in Kazakhstan, says: “We know that women reinvest over 90% of their income in the family and raising children. Thus, the more women get into economic activities, even the smallest, the more families in Kazakhstan will be able to reach a decent standard of living. This reality is at the heart of ACF. Since 1997, we have supported more than 100,000 women by giving them access to credit and training to start and develop their own business. “
Find out more here: Rapport-Annuel-2017
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Created in 2008, under the joint impetus of the directors of Crédit Agricole S.A. and Professor Yunus, winner of the 2006 Nobel Peace Prize and founder of the Grameen Bank, the Grameen Crédit Agricole SA Foundation is a multi-business operator that contributes to the fight against poverty through financial inclusion and entrepreneurship with a social impact. As an investor, lender, technical assistance coordinator and fund advisor, the Foundation supports microfinance institutions and social enterprises in nearly 40 countries.