| || organisation: PlaNet Finance |
country: France, USA, UK, Belgium, West Africa, India, Morocco and China
type of activity: sustainable microfinance institutions development
intro: Microfinance Institutions (MFIs) and some non-governmental organisations have attempted to fight poverty by setting up microcredit programs. Microcredit refers to all operations put in place to allow easier credit access to the poor, by granting them short-term loans. These loans are characterised by low interest rates, which facilitate the borrowing of small amounts of money to start up businesses. Loans are granted to the poorest sections of the population, especially women, who can therefore work, earn money and finally escape conditions of extreme poverty. Through the internet and IT technologies, the world has become a kind of global village. These tools will prove to be useful in the fight against world poverty.
who: PlaNet Finance is an international NGOs network whose head office is in Paris. Members’ offices are based in Bombay, Brussels, Cotonou, London, New-Delhi, New-York, Beijing, Rabat, Rome and Sao Paolo.
Established in 1998, its vision is to use technology effectively to build both the professionalism and the capacity of MFIs globally. Founded on the initiative of Jacques Attali, it has been given significant international support. Several heads of European and international institutions collaborated in their personal capacity to define its concept and methods. An international team, headed by Arnaud Ventura, defined and established the various departments of the institution. High-tech companies, public and international institutions, as well as the general public, are also involved in the funding of PlaNet Finance.
goal: PlaNet Finance supports the development of sustainable MFIs worldwide, creating the conditions for poor people to improve their lives. PlaNet Finance cooperates with partners from private corporations, federal and local governments, organisations and individuals. Through its network of affiliated associations throughout the world, PlaNet Finance offers a full range of services for MFIs with these four objectives: reducing the digital divide; transferring knowledge; increasing transparency; increasing funding.
how: PlaNet Finance both provides the technology and the support for MFIs to adopt better methods of monitoring and delivering larger volumes of small loans. MFIs also improve their access to the capital necessary for their micro lending programmes. The organisation directly works with MFIs and other organisations that provide banking services to the poor. PlaNet Finance is not in competition with banks; rather it helps them develop their activity in the micro-finance sector in the most efficient manner.
cool for you: PlaNet Finance’s Training and Technical Support Department aims to promote the knowledge and awareness of microfinance and development in France and in Europe by organising courses on microfinance in its headquarters in Paris. The courses are targeted to public in Europe such as: potential donors and investors, academics, students, micro entrepreneurs and any other interested people. Different courses on microfinance will emphasis on theoretical analysis along with best practices so that unique bridge can be built between management concept and field experiences to reduce the existing knowledge gap.