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Live: 39 loans to fund

This month: 21 loans funded thanks to 40 Babyloan lenders

Overall funds raised: 24 million euros!

Etimos

Born in 1989 as an initiative of self-managed saving that supported the development of fair trade and social economy in Italy, Etimos has quickly turned around towards international. Today, Etimos supports both microcredit programs and producer cooperatives, micro-companies initiatives and social promotion organizations. With more than 260 associates in more than 40 countries, Etimos reached an international dimension which is presented like collaboration opportunities, information flows and excellent analysis capacities of macro-economic contexts. Etimos, as Italian specialist of microfinance, brings us in particular its knowledge of Italian market in our actual launching approach of an Italy Babyloan.

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

Etimos

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