ECLOF Uganda supported by the Grameen Credit Agricole Microfinance Foundation

22 July 2014 | To serve more clients at the bottom of the economic pyramid in their countries, ECLOF members are increasingly able to source investment from socially oriented investors.

Recently the Grameen Credit Agricole Microfinance Foundation (GCAMF) has provided a three-year loan in local currency equivalent to USD 334,000 to ECLOF Uganda. The loan will be supported by a grant for technical assistance to build capacity.

Based in Luxembourg, the Foundation is a partnership between French retail bank Crédit Agricole and Grameen Trust, a nonprofit microfinance organization founded by Nobel Peace Prize laureate Muhammad Yunus. It provides financial services to microfinance institutions (MFIs) and social business projects.

Read more: MICROCAPITAL BRIEF