BNP Paribas is one of the major banking players supporting microfinance in the world. How does the Group finance micro-borrowers? Who are they and what are their loans used for? What is an MFI (Microfinance Institutions)? Discover the answers to all these questions with Alain Lévy, Head of Microfinance and Social Entrepreneurship for America and Asia at BNP Paribas.
The role of Microfinance Institutions
At BNP Paribas, we have made financial inclusion and social entrepreneurship key commitments in our corporate social responsibility (CSR) policy, in line with Sustainable Development Goals 1, 8 and 10. That’s why we grant loans to microfinance institutions, so that they in turn can offer microloans to disadvantaged populations who are excluded from the traditional banking system.