Microfinance focus, social finance to fight against poverty
As a socially responsible bank, BNP Paribas includes microfinance within its natural citizen liabilities. At the Group level, the Microfinance entity was created as a genuine banking activity that contributes to the development of microfinance.
“At BNP Paribas we believe microfinance will never be a banking business like any other because it gives a meaning to our work, making it possible to be socially responsible in our core business by helping people who help themselves and who are entrepreneurs. In a world where over one billion people live on less than a dollar per day, it is one of the most powerful tools in the fight against poverty and exclusion. That is why we have decided to become involved in microfinance.”
-Emmanuel de Lutzel, Responsible for the Group’s Microfinance entity
Microfinance and BNP Paribas