French financial group Crédit Agricole is set to move into small-scale lending in developing countries after forming a venture with the Nobel prize-winning academic who has pioneered microfinance schemes and founded Grameen Bank in Bangladesh.
Crédit Agricole is teaming up with Professor Muhammed Yunus, the winner of the 2006 Nobel Peace Prize, to form a â¬50m ($73m) fund to provide micro-credit to some of the worldâs poorest people.
