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Microfinance, a concept born in Developping CountriesAdie was created in 1989. Our source of inspiration was the "Banks of the Poor" that grew in developing countries in the seventies, and more particularly the Grameen Bank in Bangladesh.
The right to economic initiativeTo be effective, the Right to Economic Initiative requires access to capital and removal of administrative constraints for creating self-employment. Our mission is to finance and support the unemployed who wish to create their own business and who cannot get a standard bank loan. Furthermore, Adie uses its experience to offer improvements to the existing regulatory framework governing microenterprises and microfinance in France.
Financing ans business adviceAdie finances the self-employed and microenterprises through a variety of products based on clients’ needs :
• Loans at market rate up to 10 000 €
• "Start-up grants" funded by the French government or by local authorities
• Non interest bearing subordinated loans
Usually, the financing needs do not exceed 11 000 €. In addition, Adie staff and volunteers provide post-loan business advice to microentrepreneurs in the fields of business management, administrative formalities, marketing and legal advice.
Adie provides financing and business advice to microentrepreneurs who do not have access to bank loans, mainly unemployed and recipients of welfare benefits.