Banken for en verden i endring The bank for a ... - BNP Paribas

Banken for en verden i endring The bank for a ... - BNP Paribas

• a partner in society

A deepening commitment to microfinance

BNP Paribas has been promoting microfinance

since 1993, and in 2006 stepped up its initiatives

in this area within the Group’s different entities.

Recognised as an effective weapon in the fight

against poverty, microcredit is offered to people

looking to set up their own business but who are

unable to access traditional forms of financing.

Microcredit is only one aspect of microfinance,

which also includes for example micro-insurance,

micro-savings and migrant workers’ transfers.



Since 1993, BNP Paribas has been tireless in

its support for ADIE (Association pour le Droit

à l’Initiative Économique), a non-profit association

providing microloans to the unemployed,

including those on long-term unemployment

benefit in France. Under the terms of the partnership,

BNP Paribas grants ADIE a credit line

of EUR 5 million; undertakes to cover 30% of

the risk of non-collection; and helps to finance

the association’s operating expenses (for

around EUR 300,000). Thanks to the alliance,

ADIE members can also open an account

with BNP Paribas and thereby benefit from the

attendant banking services.

Each of the 100 local ADIE offices has a designated

correspondent BNP Paribas branch

responsible for helping it implement the system.

In 2006, 1,400 projects examined by ADIE

were financed by BNP Paribas, representing

an amount of EUR 4 million. On average, loans

were granted over a three year period for an

amount of EUR 2,700. During the year, around

500 BNP Paribas employees were placed in

charge of a microcredit application.

Microcredit in Guinea Conakry



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