Seminar Economy and meaning | Wednesday January 8, 2020 - 9h00 - 11h30
The Nobel Peace Prize awarded to Muhammad Yunus has popularised microfinance, and its actors and institutions have multiplied around the world, with both good and bad results. Microfinance is often the only alternative to loan sharks for financing small income-generating activities, but without subsidies to balance their operating costs, the institutions offer financing at often high interest rates. To ensure the success of these small activities, the quality of the support can be decisive. How can the social and environmental impact of microfinance be developed without adopting an overly mercantile approach or, conversely, an overly philanthropic approach without integrating the issue of sustainability? The Grameen Crédit Agricole Foundation has committed itself to this field with significant resources. How did it find its way and what is its vision today for the future of inclusive finance?
The entire article was written by:
François BOISIVON
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