Social mission

| MISSION

Microfinance Solidaire SAS finances the creation and growth of social enterprises that improve financial inclusion andprovide access to essential services for very poor families in developing countries.

Two major activities are currently funded:

  • Social Microfinance; and
  • Access to Energy.

Microfinance Solidaire SAS lends funds to about twenty social enterprises in these two sectors, to help them finance their credit and working capital.

The final beneficiaries:

  • Live in slums on the outskirts of big cities,
  • In landlocked rural areas,
  • Without access to water, electricity or health care,
  • Are mainly women (86%).

| SOCIAL PERFORMANCE

Microfinance Solidaire is developing a dashboard to monitor the social performance of the companies it supports, in partnership with Entrepreneurs du Monde and the CERISE network. This table will make it possible to evaluate the social performance of each entity.

Monitoring social performance allows an organization to ensure that it has the means to achieve its social goals. This approach allows it to know its reach among its target audience, to identify its strengths and to define the actions to be implemented to improve its practices. Social performance monitoring evaluates processes unlike impact studies that evaluate medium- and long-term effects.

Microfinance institutions and energy access companies financed by Microfinance Solidaire carry out a social performance audit every two years on average. These audits use the social audit tools CERISE-SPI4 and CERISE SBS.

| SUSTAINABLE DEVELOPMENT GOALS (SDGS)

Defined by the United Nations, the Sustainable Development Goals (SDGs), also known as the Global Goals, are a global call to action to eradicate poverty, protect the planet and ensure that all human beings live in peace and prosperity.SDGThese 17 Goals build on the successes of the Millennium Development Goals, while incorporating new concerns such as climate change, peace and justice, among other priorities. These goals are closely related to each other, with the success of one often depending on solving problems usually associated with another goal.

Based on partnership and pragmatism, the SDGs aim to make the right choices now to improve the lives of future generations in a sustainable way.

As part of our activities, we contribute to 8 of the existing SDGs:

| IMPACT STUDIES

Microfinance Solidaire launched for the first time in Burkina Faso, at the end of 2017, a 3-year study to assess the impacts of one of the companies benefiting from its support. The aim is to identify the effects of a financial services programme for access to cooking gas.

The study will determine:

  • if the payment facilities set up by our partner make it possible to increase the rate of gas use among the beneficiary population,
  • to what extent access to gas contributes to a decrease in the consumption of non-renewable wood and coal,
  • whether reductions in pollutant emissions are associated with this intervention (fine particulate matter and greenhouse gases),
  • and whether an improvement in living conditions in terms of reduced meal preparation time, wood chores, participation in the labour market and access to education is observed.

This study is conducted in partnership with a team of researchers from PSL University – Paris Dauphine. Microfinance Solidaire finances a doctoral position in a CIFRE-ANRT agreement within this team.