Live: 12 loans to fund
This month: 42 loans funded thanks to 289 Babyloan lenders
Overall funds raised: 24 million euros!
The Crédit Municipal de Paris is a public city establishment designed for credit and social support. It is the eldest Parisian financial institution: for more than 370 years, its vocation is to struggle against usury and to enable Parisian people to face up to a treasury need or a temporary or structural financial difficulty.
Babyloan is a social business founded by Arnaud Poissonnier, which combines microcredit, solidarity finance and crowdfunding. On Babyloan you make a solidarity loan: you choose a micro-entrepreneur in Europe, Asia, the Arab World, Sub-Saharan Africa or Latin America, who pays you back every month of your loan. In line with the idea of Muhammad Yunus, and his Grameen Bank, we are developing a social microfinance program for microentrepreneurs (mainly women) excluded from the banking system. While the impact of microcredit is complex to measure, we focus on lending low-cost money to our partners, Microfinance Institutions, in order to lower their interest rates. On Babyloan, you can also offer a solidarity gift, or develop your company's CSR approach, via our solidarity challenge platform in particular.
Babyloan edited by ABC Microfinance is registered as Intermediary in Crowdfunding to ORIAS under the n°17005376
BABYLOAN : european philanthropic lending leader