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AFD grants a loan of 34 million euros to the Association for the Right to Economic Initiative (Adie) for its microcredit program in Overseas France

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The Association for the right to economic initiative (Adie) has been in existence for more than 30 years. Its leitmotif is that anyone can become an entrepreneur, without capital or without diplomas, provided they have access to credit and appropriate support. The main objective of Adie is to achieve a more inclusive economy. It can finance any type of professional activity up to 12,000 euros and its network of specialists provides personalized and free follow-up for each project, whatever the profession, in France and overseas.

For Jérôme Trinelle, Antilles-Guyana director of Adie, ” Adie’s actions in Overseas France make it possible to reach an audience of entrepreneurs who have little or no access to the traditional banking system. This public is mainly composed of women, under 30 years old, inhabitants of rural areas without a diploma, and sometimes living below the poverty line. The AFD loan allows us to be confident about the microcredit refinancing lines for the next twenty-four months. This loan corresponds to 25% of the total loans granted in the Overseas Territories over this period “, he explains on the AFD website.

AFD has been a partner of Adie since 2005. Its loan of 34 million euros runs over two years, i.e. 16 million in 2023 and 18 million in 2024. It will make it possible to develop Adie’s action through microcredits allocated to individual entrepreneurs and very small beneficiary companies, in line with AFD’s strategic objectives on the challenges of economic and social development in overseas territories. says Clara Dufresne, Advisor to the Atlantic Ocean Regional Director of AFD.

Adie has more than 180 agencies throughout France, both in France and overseas. If its services interest you, find an agency near you!

In the context of microfinance, Adie provides a whole range of services, in particular to create or develop a business; insure his professional activity or his vehicle; or benefit from complementary health insurance. In terms of support, it offers free help for all entrepreneurs who want to get started, by organizing one to two-week training courses, by estimating projects, and by carrying out personalized coaching on sales, financial management and administrative management, among others. In the Overseas Territories, microfinance and microcredit developed in the 2000s.

In the West Indies and Guyana, microfinance involved around 3,000 people in 2022. ” It is a predominantly female audience, from priority areas of the city or from immigration, with a very strong entrepreneurial spirit “, emphasizes Jérôme Trinelle. ” Exclusion from the traditional banking system is more common in overseas territories than in France. Unemployment rates are high and local authorities and the private sector can no longer keep up with demand. Faced with the exodus of populations in our territories, it is imperative to quickly find solutions to retain young people, create wealth locally, companies that cannot be relocated and employment. Microfinance is a formidable answer. »

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