PLANET FINANCE, a leading international microfinance organization, based in Paris (France) has granted an encouragement and support loan to AFRIQUE EMERGENCE & INVESTISSEMENTS (AE&I). (Visit www.planetfinance.org)
Despite the social and political crisis in Côte d’Ivoire the last 4 years, PLANET FINANCE, based on the good performance achieved by AE&I since his creation in Abidjan on October 2003, has decided to grant a 15,000 euros (10,000 000 FCFA) loan to this dynamic Microfinance Institution, which has successfully implemented various microcredit programs in Côte d’Ivoire during the past 3 years in spite of it modest resources.
The loan agreement was signed on October 25, 2006 by both Mr Sébastien DUQUET (Managing Director of PLANET FINANCE) and Mr Fahan BAMBA (Managing Director of AFRIQUE EMERGENCE & INVESTISSEMENTS.
Funds were posted to AE&I account on December 1st, 2006.
PLANET FINANCE board of Director is chaired by Mr. Jacques ATTALI, founder of this institution on October 1988 in France. Mr ATTALI is known as a brilliant Advisor of French President François Mitterrand for years.
Mr Arnaud Ventura, PLANET FINANCE Executive Vice-President, met Mr Fahan BAMBA in February 2006 in Abidjan. He appreciated the innovation spirit and the professionalism of AE&I.
PLANET FINANCE Honor Committee is chaired by 2006 Nobel Peace Price Winner, Professor Muhammad Yunus, Founder and President of the Grameen Bank, Dhaka, the world microcredit leading organization. (www.grameenbank.org)
PLANET FINANCE Honor Committee is composed by very important personalities from worldwide such as :
| Personalities |
Titles |
| - Edouard Balladur |
Former French Prime Minister, Member of Parliament |
| - Boutros Boutros-Ghali |
Former United Nations Secretary General, New York |
| - Jean François Dehecq |
CEO Sanofi-Aventis, Paris |
| - Jacques Delors |
Former European Union Commission President, Paris |
| - Paul Hermelin |
Managing Director Cap Gemini Ernst & Young, Paris |
| - Bob Hormats |
Vice-President, Goldman Sachs International, New York |
| - Dr Ishrat Husain |
Former Governor of the Central Bank of Pakistan |
| - Indra Krishnamurthy Nooyi |
President, PepsiCo., New York |
| - Shimon Peres |
Former Israeli Prime Minister, Nobel Peace Price Winner, Jerusalem |
| - Michel Rocard |
Former French Prime Minister – Member of the European parliament, Strasbourg |
| - Georges Yong Boon Yeo |
Minister of Commerce and Industry of the Republic of Singapore |
| - And some other personalities we apologize to do not have listed here. |
The staff team of AFRIQUE EMERGENCE & INVESTISSEMENTS is deeply proud to have got the trust of PLANET FINANCE, a world leading Microfinance Organization. We look at this loan as a proof of the confidence of PLANET FINANCE in our vision, our mission and our strategy that has lead many poor people in Côte d’Ivoire to emerge from poverty during the last years.
This loan was fully allocated by AE&I to microcredit distribution to micro businesswomen in the course of December 2006 in Côte d’Ivoire.
The micro businesswomen who benefit from this loan were very happy as December was the most interesting period of doing good business. In fact, the year-end season 2006 includes Christian, Muslim and civil holidays (Christmas 2006, Aid El Kebir-Tabaski 2006, and 1st January 2007). This period provides business opportunities micro businesses. The micro businesswomen have got the chance to get profit from the 2006 year-end business opportunities.
Below pictures of some micro businesswomen
and men who received micro credit loans from
PLANET FINANCE grant to Afrique Emergence & Investissements in December 2006.
Muhammad Yunus - President of the Honor Committee of PlaNet Finance
Fonder and President of the Grameen Bank (www.grameenbank.org)
« PlaNet Finance was created to easier the access to microcredit resources worldwide. It provides technical support and know-how, reduce cost of microcredit and encourage transparency by the promotion of the use of management technologies. It also offer rating services, organize workshops and conferences in the aim to create contact between managers and professionals of the microcredit sector. During the last years, it has had a significant impact in the microcredit sector.
Base on the recognized success of microcredit institutions and the support from some organizations worldwide, we are now sure to ever eradicate poverty in the world. We cannot accept poverty as normal part of human existence. It is time to fight it.
Poor people have talent. They are just short of the first dollar to make them generate the second one. »
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