NEWS WIRE: France: A New Peer-to-peer Website Dedicated to Microfinance

Source: Babyloan and ABC MicroFinance.

Original news wire here.

PARIS, October 31 – A team of people passionate about microfinance and the internet have launched, in partnership with the NGO ACTED and the two famous French banks la BRED and Crédit Coopératif, – the first French online microlending website for microentrepreneurs in developing countries.

The idea is very simple :

Babyloan allows socially-aware internet users to:

• Choose the microentrepreneur they want to support
• Choose the loan sum to provide the microentrepreneur so they may start or develop a small business
• Receive regular updates and be reimbursed at the end of the loan term

It’s new, it’s simple, and it provides those with less opportunities the chance to take control of their life with dignity and respect.

Today with the financial crisis, everyone is worried about their purchasing power. With Babyloan, everyone can help and make a difference in a transparent way without sacrificing their budget.

Please visit the website to join the community of Babyloanis – the website not only facilitates online loans, it is also a communitarian and educational platform.

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