As the saying goes, we often only lend to the rich… at least to people with a stable and financially sound situation.

You don't have the right profile and you have been refused several bank loans?

Personal microcredit may be the solution for you.

Get out of precariousness

If you want to buy a gigantic high-tech television or a brand new sofa, go your way.

This system aims to support social or professional integration projects for people excluded from bank credit because of their low income or their precarious situation.

Therefore, it is very often a question of financing the acquisition or repair of a car in order to be able to go to work or even to be able to pass a driving licence, but also, why not, training (if not having a well-stocked personal training account).

On the social side, personal microcredit can allow the energy renovation of housing, when dedicated aid is not enough, to pay for unpaid health care,

Are you planning to create, buy or consolidate a business?

This time it is a so-called professional microloan that will be able to give you a boost.

It can be a "general" loan which will replace a traditional bank loan and make it possible to obtain a substantial amount in return for an interest rate often a little higher than the market average.

Conversely, the “equity nature” loan comes in addition to the bank but can be granted without interest.

A social intermediary

Rather than going through the traditional banking system, this system requires first contacting a social support service, which will study the relevance of your project and then act as an intermediary with an approved bank.

The Red Cross, Emmaus, Rural Families, Catholic Relief Services, the National Union of Family Associations (Unaf) or the Restos du Coeur are competent here.

If you are more interested in creating a business, you will need to contact France active, Initiative France or Réseau entrepreneur.

Finally, you can directly contact the Association for the right to economic initiative (Adie) or Créasol (Credit-accompaniment-solidarity), two associations authorized to distribute microcredits.

In the event of a positive response to your file, you will be able to obtain up to 8,000 euros, to be repaid over seven years, within the framework of a personal microcredit, under a decree of February 4, 2022 which raised the ceilings.

Previously, this envelope was limited to 5,000 euros over five years.

The conditions of the professional version, however, have not changed: up to 12,000 euros repayable over five years.

Note that if these loans do not impose any administration fees, they are however subject to an interest rate often varying between 1.5% and 4% for a personal project, and much more for a professional project.

The Banque de France listed 197,500 professional microloans and 97,700 personal microloans at the end of 2017, with an average amount of 9,700 euros for the former and 2,660 euros for the latter.

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serious borrowers

If these loans are intended for a public with meager resources, they do not exempt them from paying their debt.

Each microcredit distributor network thus sets its own rules for granting this financing.

At the top of the list, situations of over-indebtedness are excluded.

Similarly, the organization systematically ensures the repayment capacity of the borrower in order to best size the loan in relation to the rest of life.

In addition, in the case of professional microcredit, Adie asks, for example, that a relative stands surety for 50% of the amount borrowed.

Depending on the networks, other specific criteria may be imposed, such as the seniority of the company and the number of employees in the event of takeover or consolidation.

In all cases, a microcredit goes hand in hand with a follow-up over time by the association in charge of the file, in order to ensure the sustainability of the project.

Caisse des dépôts has set up the France-microcredit.org portal to provide information on this system.

In particular, you will find the contacts of most of the associations involved in this area.

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