At BNP Paribas, we believe that microfinance enables low-income populations to benefit from access of financial services. Hence, we have made financial inclusion and social entrepreneurship key commitments in our corporate social responsibility (CSR) policy, in line with the United Nations’ Sustainable Development Goals 1, 2, 5, 8, 10 and 17.
The BNP Paribas Group has set a goal of making its ﬁnancial products accessible to as many people as possible in order to promote economic development. One step that we have taken is to bolster our support of microﬁnance. Today we have enabled 358,000 beneficiaries to get micro loans, exceeding our commitment to supporting in excess of 350,000 individuals and their families by 2020.
In India alone, we have benefitted approximately 250,000 beneficiaries through our network of MFIs as on Sep 2018. Over the past decade, we have supported 21 MFIs up to Euro 220 million and benefited over 1.2 million borrowers.