Their Royal Highnesses the Grand Duke and Duchess of Luxembourg hosted Grameen Crédit Agricole Foundation (GCA) members on the organisation’s 10th anniversary at their home at the Château de Berg on Tuesday, 6 March. Members of the Board of Directors and the leaders of the foundation were in attendance.
Château de Berg or Berg Castle is the primary residence of the Grand Duke and Duchess of Luxembourg and their family. It is located in the central Luxembourg town of Colmar-Berg.
The GCA, an independent foundation under Luxembourg law, was created with the social purpose of fighting against poverty through financial inclusion. It was a joint initiative of Crédit Agricole leaders and the founder of Grameen Bank, the Nobel Peace Prize winner, Professor Muhammad Yunus.
It is present in 28 countries, and since its inception, it has approved 250 financings. The Grand Ducal Court said, “Support for women accounts for three-quarters of commitments.”
On 7 March, Grand Duchess Maria Teresa attended the Board of Directors meeting where her and Professor Muhammad Yunus’s mandates were renewed. Her Royal Highness has been, since 2008, a member of the Board of Directors.
After the meeting, the Grand Duchess said, “I am pleased to continue, along with Professor Yunus, my mission within the Foundation. The Grameen Crédit Agricole Foundation has become, in the space of ten years, one of the leading players in the field of inclusive finance and social business by acting against poverty and exclusion in the world. The Foundation defends a generous and responsible vision of the Company which is at the service of men and women and their needs.“