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GRAMEEN CRÉDIT AGRICOLE PORTFOLIO OF SOCIAL BUSINESS

INVESTMENTS

«I propose to create a new type of business, based on the altruistic dimension that exists in each one of us. I call it Social Business»

Professeur Yunus, Nobel Peace Prize LaureateFounder of the Grameen BankInitiator of the idea of Social Business

30 September2016

CHIFFRES CLE SOCIAL BUSINESS

PORTEFEUILLE SB / SB portfolio

millionsmillion

Social Business companies fundedEntreprises de Social Business financées1310 PAYS

Répartition par instruments

Countries

Breakdown by instruments

Répartition par secteur d'activité Breakdown by business sector

Répartition géographique Geographical breakdown

4,5 EUR

Social Business key �gures30/09/2016

Compte courant d'actionnairesShareholders' current account

Prise de participationEquity

Services financiers /Financial Services

Santé /Health

Agro alimentaire / Agri-food

Culture /Culture

Energies renouvelables /Renewable energies

46,2%

6,2%

11,6%

32,8%

Afrique Sub-Saharienne /Sub-Saharan AfricaMoyen Orient & Afrique du NordMiddle East and North Africa

Asie du Sud & Sud-Est /South and South-East AsiaEurope Occidentale /Western EuropeAmérique Latine et CaraïbesLatin America and Caribbean

79,3%14,8%

Prêts seniorSenior loans

5,9%

3,2%

37,7%

39,6%11,4%

9,5%1,8%

www.gca-fund.com

Investissements transférés au GCA Fund / Investments transferred to the GCA Fund

Investissements en instance de transfert de la Fondation GCAInvestments about to be transferred from the GCA Foundation

Portefeuille Social Business Grameen Crédit AgricoleGrameen Crédit Agricole Social Business Portfolio

* Valeur nette comptable / Net book value** UV+Solaire intervient au Cambodge et à Madagascar / UV+Solaire operates in Cambodia and Madagascar

B

A

30/09/2016

EntreprisesBusinesses

Secteurs d’activitéBusiness sector

Pays d’implantation et date de création Country of location and date of creation

Date d’entrée dans le portefeuilleDate of investment

Montant de l’investissement* Total investment amount*

% du capital of capital

en capital capital (€’000)

en dette debt

(€’000)Total

(€’000)

Laiterie du Berger Sénégal/Senegal 2006 2010 11,6% 689 0 689

Chamroeun Cambodge/Cambodia 2006 2012 20% 270 63 333

Grameen Danone Food ltd Bangladesh 2006 2012 9,2% 681 0 681

PhileoL Madagascar Madagascar 2008 2012 23,8% 67 123 190

UV+Solaire** France 2008 2012 20,0% 51 99 150Sénégalaise des Filières Alimentaires(SFA) Sénégal/Senegal 2013 2013 20,0% 343 0 343

ACAD-Finance Palestine 2013 2014 9,4% 445 0 445

ACRE Kenya/Tanzania (Tanzanie) / Rwanda 2014 2014 8,3% 373 0 373

Phare Performing Social Enterprise (PPSE)

Cambodge/Cambodia 2013

2013 17,1% 87 455 542Green Village Ventures Inde / India

2008 2014 13,3% 207 0 207

SOUS TOTAL / SUB-TOTAL A 3 213 740 3 953

EntreprisesBusinesses

Secteurs d’activitéBusiness sector

Pays d’implantation et date de création Country of location and date of creation

Date d’entrée dans le portefeuilleDate of investment

Montant de l’investissement* Total investment amount*

% du capital of capital

en capital capital (€’000)

en dette debt

(€’000)Total

(€’000)

ABC Microfinance (Babyloan) France 2008 2010 4,2% 203 0 203

Biotropical Cameroun/Cameroon 2000 2013 15,4% 70 186 256

Palmis Enèji S.A. Haïti / Haiti 2015 2015 15% 41 44 85

SOUS TOTAL / SUB-TOTAL B 314 230 544

TOTAL A+B 3 527 970 4 497

Services financiers Santé Agro alimentaire Culture Energies renouvelables Financial services Health Agri-food Culture Renewable energies

www.gca-fund.com 5

La Laiterie du Berger (Shepherd’s Dairy) 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.

Founded in 2005 by Bagoré Bathily, a young Senegalese veterinarian, la Laiterie du Berger took up the challenge to create a modern production unit of fresh dairy products at the heart of a traditional Fulani herders’ area, around Richard Toll, in the north of the country. Thanks to this industrial unit, which has a production capacity of 3,000 tons, but also thanks to the very dense distribution network developed by the firm in urban areas and the dynamic marketing strategy through the brand Dolima, la Laiterie du Berger is able to secure regular revenues to the herders located in the collection zone.

Because they have their sales secured at a stable price, the herders are encouraged to improve the quality and the quantity of milk produced by their herds. They are supported by la Laiterie du Berger which helps them to access livestock feed, veterinary care, genetic improvement services and training.

Alongside its direct impact through job creation, la Laiterie du Berger contributes to structuring a real dairy sector in a country that depends on imports for more than 90% of its dairy products. The company now belongs to the top three Senegalese actors in the fresh dairy market.

IMPACT INDICATORS

It is milk sales that allow me to support myself. We are nomadic herders and we have many animals that until now were useless because we used to spend the year in the bush. With the Laiterie du Berger I was able to modernize our farming operation. Before, I had to sell my cows to support myself. Today, it is the sale of milk that allows me to do so. This has allowed me to build an enclosure and to keep part of the cows I have for producing milk. They are better fed and my herd is growing.

Yero Mariem Sow, Herder (Senegal)

THE INNOVATION IN SUPPORT OF THE SOCIAL MISSION

THE SUPPORT PROVIDED BY GRAMEEN CREDIT AGRICOLE (GCA)

“

”Credit photo: Philippe LISSAC

Grameen Crédit Agricole invested € 619,000 in equity and quasi-equity in la Laiterie du Berger, and owns 11.6% of its shareholding. GCA is also supporting la Laiterie du Berger:

By providing a guarantee to a local bank in order to increase the company overdraft;

By actively participating in the company’s corporate governance. By promoting the ASSTEL project, a multi-year program to develop dairy

farming and to structure the herders of Dagana department and the Kossam project of pilot small farms.

LA LAITERIE DU BERGER - SENEGAL www.lalaiterieduberger.wordpress.com

CONTACT

Aissatou LE BLONDSocial Business Investment OfficerPhone: +33 (0)1 57 72 22 49e-mail: [email protected]

[email protected]

*Minimum number which corresponds to the number of milk-cans collected. Each milk-can corresponds, on average, to the milk provided by 2,2 herders.

2013 2014 2015

Annual income / herder (€) 396 211 352

Number of herders suppliers* 724 674 599

Share of herders having access to improved farming solutions

n/a 71% 68%

INVESTORS IN Social Business6

CHAMROEUN - CAMBODIA www.chamroeun.com

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.

Established in 2006, on the initiative of the French NGO Entrepreneurs du Monde, Chamroeun provides support to families living in deprived urban areas wishing to develop entrepreneurial projects. It helps them manage their commercial and artisanal activities and develop their skills through training and non-financial services. It provides them with social support by directing them towards specialised organisations.

Chamroeun offers bespoke financial products: the credit amount lent and the wide range of products match the needs of a very low income population. Furthermore, Chamroeun offers emergency loans, savings and microinsurance products to deal with the unexpected.

Thanks to its unique positioning, Chamroeun contributes to the entrepreneurial, social and personal development of very poor families.

Sopheap started working when her daughters were attending school. As her husband’s income was not enough, she started a small grocery and borrowed funds from a moneylender but the cost was so high that she closed the business and decided to make a fresh start making religious statues. The activity proved to be profitable and with the support of Chamroeun, the activity managed to expand. Sopheap was granted two loans and opened a savings account. The couple developed and grew their business efficiently and today, they have a significantly higher monthly income and their standards of living are much higher. Their financial success also means that they will be able to pay for their daughters’ university fees.


THE SUPPORT PROVIDED BY GRAMEEN CRÉDIT AGRICOLE (GCA)

Grameen Crédit Agricole has invested € 347,000 in the institution’s capital and holds a 20% equity stake. Furthermore, GCA:

Supports Chamroeun in its development by providing medium term loans in local currency;

Helps Chamroeun to improve its organisation through technical assistance missions in areas such as risk management and internal audit;

Is actively involved in the governance of the institution.

Sopheap Long makes religious items in Cambodia

IMPACT INDICATORS

Credit photo: Philippe LISSAC / CHAMROEUN

“

”

CONTACT

Philippe GUICHANDUTHead of Microfinance and CommunicationPhone: +33 (0)1 57 72 40 99e-mail: [email protected]

[email protected]

2013 2014 2015

N° of active borrowers - female

53,78286%

42,912 85%

40,31683%

Average loan (€) 92 128 202

N° of employees 273 340 336

www.gca-fund.com 7

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”.


Incorporated in 2007 by Danone Group and Grameen, and inspired by the social business vision of Professor Yunus, Nobel Peace Prize Laureate, GDFL combines several innovations:• Industrial innovation: GDFL designed the sohkti doï yogurt, “a yogurt that makes you strong”, to provide children with the maximum of micro nutriments and tackle infant dietary deficiencies. Made from cow’s milk collected from small producers located within a distance of 50 km and from local date molasses, the sohkti doï is rich in calcium, proteins and micro nutriments, while proposing a range of products adapted to consumer taste. Furthermore, the factory created in Bogra, situated 250 km North of Dacca, was designed to generate as many jobs as possible within the local community.• Marketing innovation: GDFL has put in place an innovative distribution system through a network of door-to-door saleswomen that distribute yogurts as a single item. These “Grameen Ladies” are trained in sales practices and benefit from additional revenues. • Social Innovation: GDFL is a social business company that puts its social mission at the heart of its economic model.

IMPACT INDICATORS

2013 2014 2015

N° of employees 279 305 320

N° of Grameen Ladies 697 600 385

N° of supported farmers 475 445 415


Grameen Crédit Agricole invested €704,000 in equity and quasi-equity in GDFL and owns 9.2 % of its shareholding. GCA participates to the corporate governance of this social business company, under the chairmanship of Professor M. Yunus.

GRAMEEN DANONE FOODS LTD. - BANGLADESH

Credit photo: Grameen Danone Foods Ltd.

GDFL combines economic viability and strong health and social impacts. Thanks to a differentiated price policy between cities and rural areas, the poorest families can purchase these dairy products. The consumption of sohkti doï yogurts has a positive effect on the physical and cognitive development of the children.

CONTACT

Maud MINOUSTCHINSocial Business Investment OfficerPhone: +33 (1) 43 23 40 23e-mail: [email protected]

[email protected]

I earn 50 takas (60 euro cents) for selling 100 pots. But if I sell more, I earn more... That way, my family can live a little more comfortably.“ ”Jharna, a Grameen Lady


PHILEOL MADAGASCAR www.phileol.com

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.

PhileoL Madagascar was founded in 2008 by Stéphane Philizot, a French chemical engineer, and two Malagasy agronomists: Nary Razakasolo and Njaka Ravelmantsoa. PhileoL aims to break the vicious circle of poverty in Androy by structuring an oilseed industry that incorporates all actors in the value chain. While preserving the place of food crops, PhileoL helps farmers produce castor and jatropha seeds particularly suited to arid regions. The seeds are transformed in a plant unit located in Tsiombe. Farmers are thus assured of a steady income. They are accompanied by PhileoL and its partners to improve the quality and quantity produced, and to organise themselves into groups.

PhileoL contributes to the economic growth of this region and to the development of an oilseed industry in Madagascar, in a worldwide context of growing demand for the “green” oils that do not harm the environment.

With the support of development agencies, PhileoL strengthens the technical and organisational capacities of the small farmers. PhileoL has a positive impact on the environment through the cultivation of oilseeds, whose root systems contribute to the soil’s refertilization and the fight against erosion.

While securing and diversifying the farmers’ incomes, PhileoL develops their resilience in the region of Androy, whose dry periods are ever more difficult and frequent.



IMPACT INDICATORS

Credit photo: Lan ANDRIAN

CONTACT

Aïssatou LE BLONDSocial Business Investment OfficerPhone: +33 (0) 1 57 70 44 49e-mail: [email protected]

[email protected]

Since 2012, Grameen Crédit Agricole has invested € 161,000 in PhileoL Madagascar and holds 23.8% of its equity. GCA is an active member of its governance. It also intervenes with technical assistance to help the company for:

its financial and organisational structuring developing accurate tools to assess and monitor its social

performance seeking out technical and financial partners

To work with PhileoL means farmers have a guaranteed source of income [...]. We try to help farmers the best we can to increase their yield and productivity.“ ”

Njaka Ravelomantsoa, Associate Manager of PhileoL

2013/ 2014

2014/ 2015

2015/ 2016*

Number of farmers suppliers of Phileol

6,000 6,000 6,000

Share of farmers benefiting from improved farming solutions

13 % 57 % 15 %

Farmers’ productivity (kg/ha) 250 250 125

*Data for the period June-December 2015

www.gca-fund.com 9

UV+Solaire gives rural households in Cambodia and Madagascar access to quality drinking water at an affordable

price. To realise its mission, UV+Solaire has developed an innovative water treatment and distribution model based

on a franchise network of water production and distribution sites operated by local microentrepreneurs. UV+Solaire

contributes to the improvement of health and livelihoods in excluded rural communities and also strengthens the

local economy.

IMPACT INDICATORS

Before I had the water provided by 1001fontaines at home, I used to boil the water from the pond, to avoid diseases. But boiled water stays hot for a long time so children continued to drink water from the pond. Now they

prefer to drink back home [...] and are scarcely sick. I’m happy for them because they can take advantage of the school, and when they grow up they will have a job; and I save time as I no longer have to boil water and also money as I do not have to go with them to the clinic and buy medicines.

Sokha: “Now, children are scarcely sick and I save time and money”


Credit photo: 1001 Fontaines

Grameen Crédit Agricole has invested € 150,000 in equity and quasi-equity in UV+Solaire and participates to the corporate governance..

Incorporated in 2005 by the French NGO 1001 Fontaines, UV+Solaire has created a sustainable and innovative social franchise model that aims to give rural communities access to quality drinking water. The model is replicated in Cambodia by the local platform Teuk Saat under the management of Chay Lo, a Cambodian agricultural engineer. In Madagascar, it is still in pilot phase. This model combines three innovations:

A technical innovation that reduces the cost of water processing through a two-step filtration process and through purification using ultra-violet lamps. The processing plant is also self-sufficient thanks to a solar panel.

A hybrid economic model in which plant equipment is subsidized by 1001 Fontaines NGO so that water can be sold to very poor households at an affordable price. Operating costs are funded by selling water containers in the surrounding villages.

An original social franchise model in which local micro-entrepreneurs run plants on behalf of the franchise. As part of the model, they receive training for a year and can pay themselves as well as one or two employees a salary. Quality control is overseen rigorously by a regional platform.


Poor rural households gain access to drinking water at a very low cost. 1001 Fontaines runs social advocacy campaigns on the benefits of drinking water and distributes

free water containers in schools. This contributes to the spread of health education and has a very positive impact on school absenteeism.

Water treatment plants create sustainable jobs.

This innovative model fuses economic sustainability and social impact:

UV+ SOLAIRE- CAMBODIA/MADAGASCAR www.1001fontaines.com/fr

CONTACT

Aïssatou LE BLONDSocial Business Investment OfficerPhone: +33 (0)1 57 72 22 49e-mail: [email protected]

[email protected]

2013 2014 2015

Number of beneficiaries 124,687 195,711 280,000

Number of sponsored children 59,500 63,296 95,000


Credit photo: Philippe LISSAC

SFA played an important role in getting us out of the rut, by granting us loans to cultivate larger surfaces. SFA provides us with inputs in time and accompanies us. I associated with my brothers in order to cultivate a larger field and I share the profits with my family.

Cheikh, producer (Senegal)

SÉNÉGALAISE DES FILIÈRES ALIMENTAIRES - SFA SENEGAL www.durabilis.eu/business/Terral

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.

Founded in 2011 by Durabilis, a Belgian Impact Investing company, the SFA produces white rice from paddy cultivated by small producers on irrigated plots in the Senegal River Valley. These small farmers have access to financing for their inputs and to technical assistance services, thanks to agreements established with the SFA.

The paddy is transformed into white rice by the SFA in its factory with a total capacity of 10,000 tons and constructed in Ndiouga Mbéres. The rice is sold under the brand Terral to wholesalers for the Senegalese market.

The SFA thus controls the entire chain value and is able to produce a rice that fits Senegalese consumers taste. The company allows producers to benefit from a stable price and to access to adapted financing.

The SFA plans to develop its technical support, with a long-term partnership perspective. The SFA plays a leading role to secure small producers’ revenues through a contract farming model

and the development of an inclusive value chain in the rice sector. It contributes to greater food security in Senegal which imports 800,000 tons of rice per year.



Grameen Crédit Agricole invested € 343,000 in equity and quasi-equity in this joint-venture. A part of this contribution was used by the SFA to create a modern industrial unit. GCA owns 20% of the shareholding and actively participates to the corporate governance.

IMPACT INDICATORS

“”

CONTACT

Aïssatou LE BLONDSocial Business Investment OfficerPhone: +33 (0)1 57 72 22 49e-mail: [email protected]

[email protected]

2013 2014 2015

Number of farmers under contract with SFA 450 700 700

Average annual income per farmer € 774 € 1,005 € 1,225

Productivity (tons / ha) 4 to 5 5 to 6 5 to 6

www.gca-fund.com 11

IMPACT INDICATORS THE SUPPORT PROVIDED BY GRAMEEN CREDIT AGRICOLE (GCA)


ACAD-FINANCE (ARAB CENTER FOR AGRICULTURAL DEVELOPMENT) - PALESTINE

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.

ACAD started its activities as an NGO in 1988. It is the first microfinance organization in Palestine that transformed in 2014 into a specialized microfinance company. Majority owned by the founding NGO, ACAD-Finance’s mission is to contribute to reduce the vulnerability of Palestinian families, in particular small holder farmers, by providing them access to adapted financial services.

Beyond loans to farmers, ACAD-Finance provides financing to SMEs as well as Islamic loan products to a clientele that earns less than 1.5 times the national poverty level (609 USD in 2010). The institution also offers services for agricultural development, training and support services fostering community development. Its offer includes funding and technical assistance provided to agricultural cooperatives.

ACAD-Finance is one of the only Palestinian institutions that focus on rural communities. As such, almost 40% of its loan portfolio finances farmers. ACAD-Finance offers loans to finance breeding and greenhouse farming, with repayment schedules adapted to each activity.

ACAD-Finance’s shareholders –in addition to Grameen Crédit Agricole, the European Investment Bank, the Dutch investment fund Triple Jump and the French NGO SIDI– have agreed upon a Social Business Charter that defines the company’s social mission with a sustainable economic model.

Credit photo: Philippe LISSAC

Recognizing its exemplary role of support to rural populations and farmers in Palestine, Grameen Crédit Agricole has supported ACAD’s transformation project since the beginning.

GCA has invested € 460,000 in the shareholding and holds a 9.4% share of equity. It plays an active role in the institution’s governance.

2014 2015

N° of active borrowers - female

2,74765%

3,68856%

Share of portfolio in:

Agriculture / Livestock 31% 28%

Rural areas 55% 32%

Refugee camps 13% 10%

Average loan amount (EUR) 1,675 2,393

N° of employees 44 46

Jürgen HAMMERChief Investment OfficerHead of Social Performance ManagementPhone: +33 (0)1 57 72 02 47e-mail: [email protected]

[email protected]

CONTACT


AGRICULTURE AND CLIMATE RISK ENTERPRISE LIMITED (ACRE) AFRICA - KENYA www.acreafrica.com

Agriculture and Climate Risk Enterprise Ltd 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.

Created in 2014 as an initiative of the Syngenta Foundation for Sustainable Agriculture, ACRE-AFRICA operates in Kenya, Rwanda and Tanzania.

ACRE-AFRICA makes agricultural insurance available to small farms for a small amount covered by using a three-pronged innovation:• Index insurance: ACRE-AFRICA designs products based on meteorological indexes or yield-based indexes and then markets these products to local insurance. The pay-out made to farmers is triggered automatically when the index reveals, as an example, a rainfall deficit as measured by the data provided through satellite imagery or ground-level weather stations. Using such indexes allows to save costs by not having to assess damages in situ. • Distribution through aggregators: ACRE-AFRICA negotiates distribution agreements with agribusinesses, microfinance institutions, or NGOs to propose agri-insurance products to the largest possible number of farmers. These aggregators often bundle the insurance product to an agricultural input product (e.g. seeds, fertiliser) or to a loan product in order to reduce the costs of distribution.• Payment via mobile money: pay-outs for losses incurred are wired through mobile money networks, which are well developed in East Africa, which also helps reduce transaction costs.

I had not heard of maize insurance before and I have known insurance to refuse to pay claims so I was 50-50 about the product, but I still joined because there was a promise of compensation. When they actually paid out I was the only one in my village with certified seed and I shared some of the compensation with my neighbours. They are now convinced to join the programme next season.



“”

Credit photo: Syngenta Foundation / Grameen Crédit Agricole Foundation

Grameen Crédit Agricole has invested € 382,000 in equity in ACRE-AFRICA. GCA owns 8.3% of the shareholding and is part of the company governance structure. This investment is part of a broader set of activities undertaken by the Grameen Credit Agricole Foundation that include research, advocacy, and field-experimentation. Together, these activities are all geared to promoting the use of index-based micro-insurance as an effective tool in agriculture that also creates better food security and adaptation to climate change.

IMPACT INDICATORS

Jane G. Simon, maize farmer in Kenya

CONTACT

Hélène SANANIKONESocial Business Middle Office ManagerPhone: +33 (0)1 57 72 15 00e-mail: [email protected]

[email protected]

ACRE-AFRICA is able to broaden smallholder farmers access to credit under more favourable conditions: banks and MFIs are more willing to lend to a farmer when they know that the risk of crop loss or damage to livestock is covered by insurance. In this way, farmers are encouraged to invest more ambitiously in their farms and to intensify their activities.

2015

Number of employees 23

Number of farmers insured 394,426

Amount of insured capital (USD) 10,800,000

Countries of operation Kenya, Rwanda, Tanzania

www.gca-fund.com 13

Credit photo: 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.

Founded in 2008 by ABC Microfinance SAS, on the initiative of Arnaud Poissonnier and modeled on the US platform KIVA, Babyloan is a solidarity micro-lenders community platform.

B a by l o a n a l l ow s t h e g e n e r a l p u b l i c to s p o n s o r microentrepreneurs in France and worldwide by lending them the money they need to finance their project. The “Babyloanian” charges no interest, but gets his/her money back at maturity of the loan. He/She may then decide to get his/her money back or to finance other projects. Babyloan members choose the project they want to support; loans are issued through 18 Microfinance Institutions (MFIs), partners of Babyloan, in 17 countries, which locally manage the relationship and support services offered to the microentrepreneur.

In 8 years, Babyloan has become the sector’s European leader,

the second in the world: 40,000 members, over 800,000 unique web-visitors and almost 10 million page views.

From the beginning, 99.9% of the loans have been repaid and around 30,000 projects have been funded.

The economic model of Babyloan is based on the fees paid by lenders and registration fees paid by partner MFIs presented on the platform, as well as on sponsorship and consulting resources.

Babyloan offers companies the opportunity to implement “solidarity challenges” among their employees and teachers an educational kit called “my solidarity class”.

Babyloan is labeled by Finansol and has been approved in France as “solidarity-driven company”.

Emma, 53, is widowed and has 5 children. To earn a living she has been running a business of firewood for 5 years. It enables her to meet her children’s needs. She applies for a loan to buy more wood to resell it. In the future she hopes to improve her family’s living conditions.



Grameen Crédit Agricole has supported Babyloan since 2010. GCA has invested € 203,000 in ABC Microfinance SAS, holding 4.2% of its capital. GCA is involved in selecting the platform MFI partners and plays an active role in its governance. It provides assistance for communication and promotion campaigns to Babyloan, particularly within the Crédit Agricole Group.

Emma, Philippines

2013 2014 2015

N° of microentrepreneurs- female

16,47083%

20,60883%

25,59872%

Number of babylonians 27,920 32,257 38,775

Average online loan amount (€) 70 71 76

IMPACT INDICATORS

BABYLOAN - FRANCE www.babyloan.org/en

CONTACT

Philippe GUICHANDUTHead of Microfinance and CommunicationPhone: +33 (0)1 57 75 40 99e-mail: [email protected]

[email protected]


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.

PPSE was created in 2012 by the Cambodian NGO Phare Ponleu Selpak (“brightness of art” in Khmer), which provides 1,000 children with a formal education in Battambang. It also teaches performing arts to 200 students. PPSE extends the work done by the NGO, taking it to the next level by improving the career prospects of professional artists trained by the PHARE school. The company performs the shows created by PHARE in a permanent tent set up in Sieam Reap, near the Angkor Temples, and during international tours. PPSE brings additional funding to the NGO to help it deliver on its social mission.

Thanks to its innovative social and economic model, PPSE reaches a fourfold objective: Contributing to the fight against poverty by creating value added jobs that benefit young adults

from disadvantaged social backgrounds and improving their income; Contributing to the influence of Cambodian culture by developing an artistic cultural product based

on performing art; Supporting Phare Ponleu Selpak‘s social mission of education and personal development for the

benefit of underprivileged children through the payment of royalties and the distribution of benefits; Generating economic benefits for the local area around Siem Reap, one of the main Cambodian

tourist destinations.

Every day, PPSE activities allow empowered and skilful artists and their families to manage and develop their own lives. Thanks to its

various performances, PPSE contributes to the international recognition of Cambodian performing arts. By helping Phare Ponleu Selpak Association to be sustainable, more and more children and young Cambodian from difficult socio-economic backgrounds have access to public school and arts training, while we support their families through social outreach programmes.

Dara HUOT, Chief Executive of PPSE



Credit photo: Phare Performing Social Enterprise / Justin Klein

Grameen Credit Agricole partnered with the NGO Phare Ponleu Selpak in the design, legal and financial structuring, and set up of PPSE.

GCA has funded PPSE by investing € 597,000 in equity and quasi equity. It holds a 17.1% equity stake alongside Phare Ponleu Selpak and other social-minded individual investors. GCA participates actively in the governance of the company.

PHARE PERFORMING SOCIAL ENTERPRISE – PPSE CAMBODIA www.phareps.org

IMPACT INDICATORS

CONTACT

Hélène SANANIKONESocial Business Middle Office ManagerPhone: +33 (0)1 57 72 15 00e-mail: [email protected]

[email protected]

2014 2015

Number of professional circus artists

51 51

Number of students under contract

27 27

Average monthly income per artist

55% of the artists who performed received a monthly salary between 250 and 400 USD

64% of the artists who performed received a monthly salary between 250 and 400 USD

Average number of people supported by one artist's income

n/a3,6 people / household

www.gca-fund.com 15

BIOTROPICAL - CAMEROON www.biotropical.com

Biotropical builds inclusive organic tropical fruit value chains. The company collects fruit, mostly mangoes, from

smallholders excluded from the market and exports it in various forms, dried or as pulp. Biotropical guarantees

a fair income for the contracted farmers and contributes to the strengthening of farmers’ organisations and

smallholder farmer capacities.

2013 2014 2015

N° of small mango producers (providers) 90 31 36

N° of employees of Biotropical 90 109 148

Credit photo: Biotropical

Biotropical was incorporated in 1998 by Jean-Pierre Imélé with the aim of increasing and securing the income of excluded farmers through the development of a Cameroonian tropical fruit value chain (mango, banana, pineapple and papaya). A pioneer of the organic certification process in Cameroon, Biotropical supports the certification costs of smallholders’ crops. The company provides inputs and offers trainings and technical assistance to help them increase crop yield. While preserving food crops, Biotropical helps farmers to capitalise on their mango trees. Through a commitment towards the upstream value chain, Biotropical increases and secures smallholder farmers income.

Moreover, whilst it contributes to strengthening the economic assets of poor smallholder farmers living in remote areas of Cameroon, Biotropical has also positioned itself in the growing niche market of organic tropical fruits.

IMPACT INDICATORS



Since 2013, Grameen Credit Agricole has invested € 204,000 in Biotropical and owns a 15.4% equity stake. GCA plays an active role in the governance of the company and in the strengthening of its internal processes and organisation.GCA brings technical assistance to Biotropical on three fronts:

Defining a social impact policy and creating social performance measurement tools Professionalising the governance of the company Organising, mobilising and building the capacities of smallholders and developing

an inclusive value chain from which they can derive benefits.

CONTACT

Maud MINOUSTCHINSocial Business Investment OfficerPhone: +33 (0)1 43 23 40 32e-mail: [email protected]

[email protected]


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.

Incorporated in 2008 by the Indian social entrepreneur Ramanathan Krishnan, Green Village Ventures’ mission is to provide poor rural households with services designed to meet their basic needs. GVV provides solar powered lamps in place of kerosene lamps, which happen to be unsafe and bad for health. In order to reach these households with local and neighborhood-based services, GVV has struck a framework agreement with the Indian Post Services allowing it to equip rural post offices in Uttar Pradesh with a solar panel and a charging station for lamps’ batteries. Villagers are thus able to drop their lamps off at the post office to recharge the battery and collect them fully-charged at sunset. The postmaster plays an active role in the marketing of the lamps in the village, supervising the charging of the batteries and collecting the monthly fee. He or she is therefore able to top up his/her salary as a postmaster. GVV provides maintenance for the lamps and upgrade the models in line with technology improvements and the needs of households.

This innovative model is being rolled out across villages in Uttar Pradesh in the North of India.



Grameen Crédit Agricole has invested € 215,000 in equity and holds a 13.3% equity stake in the company alongside the Founder and SAS company GDF-Suez Rassembleurs d’Energie. GCA participates in the governance of the company.

IMPACT INDICATORS

Credit photo: Pascal WEBANCK / Grameen Crédit Agricole Foundation

GREEN VILLAGE VENTURES - INDIA www.greenventuresinternational.com

CONTACT

Maud MINOUSTCHIN Social Business Investment OfficerPhone: +33 (0)1 43 25 40 23e-mail: [email protected]

[email protected]

2015


Number of villages rolled out 250

Number of households served 5,458

www.gca-fund.com

PALMIS ENÈJI - HAITI www.entrepreneursdumonde.org/en/nos-actions/nos-partenaires-locaux/palmis-eneji/

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.

Set up as an Entrepreneurs du Monde programme towards the end of 2012 and established as a limited company in 2014, PALMIS Enèji aims at promoting the access of populations to clean and affordable energy. The company has developed an innovative scheme for distributing improved stoves, LPG stoves and solar lamps through a micro-franchise model that allows informal sector entrepreneurs to become assigned resellers of the brand. It thus operates through:

franchise outlets, focusing on three areas: economic (diversification of business activities, inventory finance, negotiation on purchase pricing); training (technical, management and marketing); communication (advertising, marketing);

families, focusing on two further areas: promotion and awareness raising (public demonstrations, information campaigns, etc.), and microcredit.

PALMIS Enèji and the microfinance institution PALMIS Mikwofinans Sosyal work together to provide microcredit products tailored to the needs of the poorest resellers, thereby allowing them to constitute a stock of products.

IMPACT INDICATORS 2015


Number of solar lamps distributed 3,488

Number of improved stoves distributed 3,184

Number of active resellers 135



Grameen Crédit Agricole has supported the transformation of the Palmis Enèji NGO programme into a social enterprise by investing € 46,000. GCA, which owns 15% of its shareholding, is an active member of its governance, alongside Entrepreneurs du Monde and Yunus Social Business Haiti. It supports Palmis Enèji because of its innovative and replicable model, as well as the social impact of the project in one of the world’s poorest countries.

CONTACT

Maud MINOUSTCHINSocial Business Investment OfficerPhone: +33 (0)1 43 23 40 23e-mail : [email protected]

[email protected]

The company also organises marketing training modules for resellers and public awareness campaigns. The sale of lighting and cooking products allows franchisees to generate an additional income of between $ 50 and $ 100 per month. In turn, end-users enjoy a better quality lighting and cheaper than kerosene lamps and cooking stoves which will use less coal while producing less fumes toxic to human health and the environment.

Credit photo: Palmis Enèji

17

Grameen Crédit Agricole Social Business Fund

5 Allée Scheffer

L-2520 Luxembourg

www.gca-fund.com

[email protected]

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