Crédit Agricole “Centimes Solidaires” [solidarity cents] – an operation to support entrepreneurship projects

Promoting commitment from the Group’s staff

Many employees of the Crédit Agricole group are volunteering for solidarity projects. To provide guidance and support for this effort, the Group has created “Solidaires,” a mechanism that enhances, supports and promotes the commitment of employees for projects that have a positive social impact. The “Centimes Solidaires” operation will be launched against this background at the initiative of the Grameen Crédit Agricole Foundation and Crédit Agricole SA to finance entrepreneurship projects each year.

During one week per month from 24 September to 9 November, the staff of the Crédit Agricole Campuses in Montrouge and Saint-Quentin will be asked to donate 50 cents when paying for their meals in the canteens of those campuses.  Crédit Agricole SA, the Caisse Régionale Centre-Est and the Grameen Crédit Agricole Foundation will contribute to the final amount collected. The total sum collected will go to “Programme France,” which is sponsored by the French NGO Entrepreneurs du Monde.

Support an inclusion programme through partnership

Launched at the beginning of 2018, “Programme France” by Entrepreneurs du Monde provides a mechanism for restoring hope to persons in a situation of financial vulnerability and social exclusion in France. Through collective training programmes and personalized advice and support for business creation, the programme is intended to support refugees, homeless persons and single persons to create and develop their entrepreneurship projects. 

Advice and support is offered in three stages: listening and orientation to assess the feasibility and relevance of the project, advice and support before and monitoring after the business is created. Various companies from grocery shops, to computer repair, fashion design, etc. will be supported under the programme which has already provided guidance and support to 11 project holders to date. The aim for the years to come is to reach a larger number of beneficiaries, i.e. a total of 40 project holders by the end of 2019 and 50 in 2020.

The implementation of the “Centimes Solidaires” operation is carried out under the Sustainable Finance Week with events organized for the 10th anniversary of the Grameen Crédit Agricole foundation and is the result of the joint action by and between the Foundation and Crédit Agricole SA. The total amount collected will be disclosed during the Foundation’s anniversary celebration scheduled for 20 November 2018 in Paris.