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The BNP Paribas Foundation and ADIE inaugurate a new office dedicated to microcredit in France

  • 24.04.2008

On April 21, within the BNP Paribas Foundation's Projet Banlieues initiative, ADIE (an association that grants small loans to start-up businesses that have no access to traditional bank credits), opened a new mircrocredit office in Asnières-sur-Seine, in the Parisian suburbs. ADIE hopes that its presence will help to stimulate the job market in the Hauts-de-Seine department. This is the latest opening that BNP Paribas and ADIE have done together, as they previously opened offices in 6 other French towns.

BNP Paribas began the Projet Banlieues in 2006 as a three-year initiative (totalling 3 million euros in funding) to help create employment, support social associations and provide tutoring for children in low income neighbourhoods.
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