Microfinance in the overseas territories

Visuel
Microfinance in the overseas territories
Type of text :
Opinion and report
Type of referral :
Own initiative
Working group :
Delegation for the Overseas
Date d'adoption
Date adopted : 02/10/2015
Rapporteur(s) :
Photo
Pierrette CROSEMARIE
CGT Trade Union group
    Overview
    Présentation
    Within a context of economic and social crisis hitting the Overseas Territories harder and longer than mainland France, all avenues for creating activity and playing a role in social cohesion must be exploited.
     
    In this regard, microfinance, which includes microcredit, micro-insurance, social finance and participatory finance can bring about the economic and social inclusion of individuals excluded from banking services and in particular, lending. At the practical level, inclusion means coming off the unemployment register, making more than the minimum social contributions and creating a job by financing an activity in the commercial, services or agricultural sector.
     
    In this opinion, the ESEC makes a number of recommendations to bring about a change of scale for microfinance to allow it to contribute fully to the definition of a new sustainable development model for the Overseas Territories. Budgetary choices favouring microfinance must be made in terms of creating an economic dynamic, preventing social costs and repairing the social fabric.