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Improved socio-economic services for a more social microfinance
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A different approach to
EdM and its partners in Asia : A different approach to fight poverty Regional Workshop « Improved services for a more social microfinance” Manila 25 nov. 2013 22-Feb-19
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Social entrepreneurship Creation of small businesses
EDM Globally Since 1998, EDM works with thousands of the poorest families in Africa, Asia and the Caribbean to help them improve their living conditions. Social microfinance Social entrepreneurship Creation of small businesses 22-Feb-19
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124,000 loans granted (Average : €161)
Main key figures 2012 11 countries 144,000 borrowers and savers 124,000 loans granted (Average : €161) 226,000 attendances in training courses 2,500 energy products sold 22-Feb-19
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Micro crédit - RC Roubaix Est 27 10 2008
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OUR ACTION IN ASIA 5 different countries
6 different programs / partners 22-Feb-19 6
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One same ambition One same approach
Different contexts and cultures, BUT One same ambition Reduce extreme poverty Help the poorest to break free from poverty by their own initiatives Reinforcing their self-reliance and welfare One same approach SOCIAL Microfinance A social vision of economic development A social vision of Microfinance 22-Feb-19 7
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What is our distinctiveness ?
What is our identity ? The people we serve The poorest families Urban slums and rural areas People in great vulnerability, excluded People with no prior business experience Mostly women Not “short term profitable” families 22-Feb-19 8
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What is our distinctiveness ?
What is our identity ? The way we do Our specific loan methodology Working closely with families Combining financial and social services Promoting group dynamics Impartiality and transparency Sharing experiences and know-how 22-Feb-19 9
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WE DO BELIEVE that : Microfinance is accessible to the poorest families These poorest families have capacity to be actor of their own change They can identify the causes of their difficulties and concrete ways to overcome 22-Feb-19 10
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WE ARE CONVINCED THAT : Social Microfinance is a medium, a tool, within a broad approach of the families' socio economic development Microfinance alone, without social services, has very limited impact Everything relies in the good balance between financial and social services 22-Feb-19 11
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Follow-up services What can we improve ? Group dynamics
Family Development Skills trainings Community events Individual mentoring Referrals Follow-up services Social guidance Business Development Group dynamics Sensitization Etc… Everyone has experiences, tips and ideas to share It is time to exchange and create shared value 22-Feb-19 12
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Thank you 13
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Improved socio-economic services for a more social microfinance
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