Microfinance
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BNP Paribas pursues its commitment to inclusive finance by supporting African Microfinance Week
21.10.2019 | CSR
BNP Paribas, a committed player for inclusive finance, is supporting African Microfinance Week taking place in Ouagadougou from 21 to 25 October 2019. This year’s theme is “Inclusive finance for the Sustainable Development Goals”. The aim of the initiative is to bring players in the sector together for a series of events: talks, workshops, training sessions... An occasion for BNP Paribas to reiterate its 30-year commitment to microfinance.
BNP Paribas, a committed player in microfinance
In fact, it was in Africa, nearly 30 years ago, that BNP Paribas granted its first loan to a Microfinance Institution (MFI). Since then, the Group’s support has expanded and BNP Paribas now uses the full range of resources available to meet the needs of MFIs. With more than 2 million beneficiaries worldwide and the creation of Microfinance Institutions in Belgium (MicroStart) and Luxembourg (Microlux), BNP Paribas microfinance has experienced a strong growth dynamic in recent years.
BNP Paribas microfinance key figures*
30
years of support
€900M
total support for microfinance
84
IMFIs financed in 33 countries
1.8M
women have received support
79/100
average rating of MFIs supported by BNP Paribas (compared to 64/100 for other MFIs)
Little Big Movement
https://group.bnpparibas/en/microfinance30years For the past 30 years, BNP Paribas has been supporting women entrepreneurs and encouraging them to change the game.
Read our stories about women entrepreneurs the world over.
Discover*BNP Paribas estimated microfinance figures since 1989