Community investment

Saving in a community venture and distributing micro-credits

Information

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FR France
Web http://www.assolidaires.org/
Maturity

Starting

About the project Edit

In community associations, a savings system can be created for members of a community investment. This system is not limited by legal constrains and allows a “common pot” to be used to support association financing or distribute micro-credits to its members. All operations (savings and credit) are made without profit.

Themes

In what ways is this project unique and creative? Edit

Saving, getting a small loan in case of emergency – these economic necessities of daily life are more or less satisfied by the banking system, but do we need banks for that?

In many traditional societies, precautionary savings and emergency financing are proposed by the community in the form of a community investment.

Why not transpose this simple and easy system to people in the community who form community associations?

What is the social value of this project? Edit

Reinforcing the social connection in the community investment by saving together is a sign of solidarity with the possibility of giving emergency micro-credits to help members in trouble.

What is the potential of this project to expand and develop? Edit

In France, there are 900,000 community associations that bring together from a few members to several dozen members. Often they make up a community united by a strong social connection and share the same passions or values.

What was the triggering factor of this project? Edit

At a time when the solvency and ethics of banks raises questions, citizens look to reclaim their relationship with money.

What is the business model of this project? Edit

No business model necessary. Once the concept is approved in legal terms and the few necessary contractual documents have been written, the system can be implemented everywhere without cost.


References

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