Microcredit is progressing in Yonne thanks to ADIE, the association for the right to economic initiative

Microcredit is progressing in Yonne thanks to ADIE, the association for the right to economic initiative
Microcredit is progressing in Yonne thanks to ADIE, the association for the right to economic initiative

How to finance a business, develop a business or become self-employed without the support of a bank? It’s possible thanks to crowdfunding on the Internet, but not only that. There is also microcredit. And this method of financing is progressing in our department! 90 were funded last year. Marion Caviale is territorial director of Adie in Burgundy Franche Comté.

France Bleu Auxerre: What is the average amount of this type of loan in Yonne?

Marion Caviale: On average, it’s 5,000 euros and up to 15,000 euros. In Yonne last year, we financed 90 companies. And we’re starting off very strong this year since we already have 72 entrepreneurs who have been funded.

Concretely, what we see is that there are more and more micro entrepreneurs who are starting out. This is 80% of business creations in Burgundy Franche-Comté. It is a micro-enterprise which complements a salaried activity or supplements their unemployment rights, to then make it their main activity. And in this context, banks do not necessarily have the appropriate tools to be able to support them at start-up. And we are also faced with populations in Yonne, where situations are becoming more and more precarious with people who have difficulty making ends meet. So to launch into entrepreneurship, they don’t necessarily have a lot of means. And this is where our role is important.

Do you have some examples of financing using micro credit?

There may be people who will work in the markets, so we will finance stock, food. There, very clearly, this is the type of financing that banks have difficulty granting. There will also be small service provision activities such as a beautician at home. We will be able to finance the fitting out of premises and small equipment. We will finance used cars and rental with purchase option which allows you to have new vehicles at a reasonable price.

Do you also have failures, people who cannot repay?

Not really because there is a ninety-six percent recovery rate on our loans. So that means it works very well. We have very, very few losses, we have rates which are even higher than the bank reimbursement rate.

And what we must also remember is that in our way of working, we emphasize financing with support.

In Yonne, for example, there is a team of two advisors and six volunteers who will support people on a case-by-case basis. This allows people to really reintegrate into working life. You should know that beyond three years, 60% of businesses will continue.

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