SOCIETE GENERALE 2014-2015 I 47 MICROCREDIT WORKING ALONGSIDE ADIE FOR ALMOST 10 YEARS Since 2006, Societe Generale has been a partner of the Association for the Right to Economic Initiative (Association pour le Droit à l’Initiative Economique or ADIE), France’s microcredit pioneer. The bank helps fund the organisation and provides refinancing for its individual and professional microloans. In 2014, Societe Generale’s support allowed ADIE to finance €4 million in loans, helping create or maintain over 2,100 jobs. Since 2006, the Group has refinanced 8,202 microloans totalling €24 million. This partnership helps Societe Generale meet two of its goals: to be a partner to companies of all sizes and to support integration into the world of employment. www.societegenerale.com/adie “OUT OF EVERYONE WHO OFFERED A HELPING HAND, THERE’S ONE I CAN’T FORGET: SOCIETE GENERALE. THEY LOOKED BEYOND THE NUMBERS AND I BELIEVE THEY LISTENED TO ME WITH THEIR HEART. We renewed our development, created jobs and continued to acquire other companies experiencing difficulty. It’s thanks to Societe Generale that we still exist, so this award means a lot to me.” Édouard Schumacher, CEO of Groupe Schumacher, recipient of the Family Business Grand Prize for the Île-de-France region MICROFINANCE A WORLDWIDE MICROFINANCE PLAYER Microfinance is one of the principal financial instruments for inclusion and the fight against poverty. Societe Generale is commitment to working in this area in two ways: granting refinancing facilities to microfinance institutions in their local currency and taking minority stakes in some of these institutions. As of the end of 2013, €76.4 million had been granted to 34 institutions in Sub-Saharan Africa, the Middle East, North Africa, Eastern Europe and Asia, making Societe Generale one of the banks the most engaged in this area. Through its African subsidiaries, the bank also has a minority but active interest in five institutions in Cameroon, Ghana, the Ivory Coast, Madagascar and Burkina Faso. These institutions are selected for their reliability, their financial solidity and their ambition to ensure a positive impact on the local population and economy. www.societegenerale.com/en/microfinance Watch the video at www.societegenerale.com/ trophees-chenes-awards ENTREPRENEURS LES CHÊNES AWARDS Organised by Societe Generale, the Les Chênes Awards recognise the entrepreneurial and family values that are passed from generation to generation. In 2014, seven regional events in France honoured the founders, managers and employees of companies whose human touch and family roots have stood the test of time. www.tropheesdeschenes.fr
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