Governance > Shareholders

MicroCred S.A. Shareholding Structure as of June 2008

Founding Shareholders

PlaNet Finance

PlaNet Finance is an international non-profit organization, which aims to alleviate poverty worldwide through the development of microfinance.

By providing financial access to the poorest populations, financial intermediaries, among which banks, cooperatives, Non-Governmental Organizations ( NGOs ) and Microfinance Institutions ( MFIs ) have been proving for thirty years that they constitute one of the most effective tool to fight poverty.

PlaNet Finance supports microfinance institutions and contributes to their growth by federating them and providing operational services enabling them to strengthen their resources. PlaNet Finance also works with the public and private sector (banks and financial institutions), governments and international organizations in order to promote microfinance sustainability. PlaNet Finance works in 60 countries and has offices in 37 countries.
www.planetfinancegroup.org

International Finance Corporation

IFC, the private sector arm of the World Bank Group, promotes open and competitive markets in developing countries. IFC supports sustainable private sector companies and other partners in generating productive jobs and delivering basic services, so that people have opportunities to escape poverty and improve their lives. Through FY06, IFC Financial Products has committed more than USD 56 billion in funding for private sector investments and mobilized an additional USD 25 billion in syndications for 3,531 companies in 140 developing countries. IFC Advisory Services and donor partners have provided more than USD 1 billion in program support to build small enterprises, to accelerate private participation in infrastructure, to improve the business enabling environment, to increase access to finance, and to strengthen environmental and social sustainability.
www.ifc.org

Société Générale (Genefinance)

Société Générale is one of the largest financial services groups in the euro-zone. The Group employs 120,000 people worldwide in three key businesses:

  • Retail Banking & Financial Services: Société Générale serves 24 million individual customers worldwide.
  • Global Investment Management & Services: Société Générale is one of the largest banks in the euro-zone in terms of assets under custody (EUR 2 580 billion, June 2007) and under management (EUR 467,2 billion, June 2007).
  • Corporate & Investment Banking: Société Générale ranks among the leading banks worldwide in euro capital markets, derivatives and structured finance.

Société Générale is included in the five major socially-responsible investment indexes.
www.socgen.com

AXA Bank Belgium

50 million people and companies all over the world entrust AXA with their financial protection. Financial protection consists in supporting customers at each stage in their lives, while meeting their needs for products and services in insurance, protection, savings, retirement and wealth management. AXA Belgium is a Belgian leader in property and casualty insurance and life insurance. It relies on more than 6,000 professional and independent brokers.

AXA Bank Belgium, the Group’s banking arm in Belgium, distributes savings and credit products to private individuals through a network of 950 independent banking agents. The AXA Group in Belgium employs around 6,000 people and services over 3 million customers and 1,970,000 Belgian households.
www.axa.be

New Shareholders – February 2007

The French Development Agency (AFD)

The Agence Française de Développement (AFD, or French Development Agency) is a public institution providing development financing to support economic and social projects initiated by local public authorities, public corporations or the private sector and associations on five continents. In 2006, AFD granted more than EUR 3.1 billion and is currently supporting more than 50 projects in the Microfinance sector, providing Microfinance Institutions with debt financing (loans), equity and guarantee funds, technical assistance and advice to improve best practice. The AFD also encourages Southern countries [what do you mean??] to consider their social and environmental responsibility.www.afd.fr

Axa

European Investment Bank

Created in 1958 by the Treaty of Rome, the European Investment Bank (EIB) finances investment projects to support goals established by the European Union (EU) and is also a participant in the development of policy with third countries that are signatories of EU cooperative or associative agreements. EIB provides loans to African, Caribbean and Pacific countries (ACP) that are part of the Easy Terms Investment mechanism created by the partnership convention between the ACP and the EU, signed in Cotonou in June 2000. The budget for the period 2002-2006 was a total amount of EUR 15.2 billion, EUR 11.3 billion of which was non-reimbursable and provided by the EU Member States, EUR 2.2 billion which was managed by the EIB as part of the Easy terms Investment and a maximum of EUR 1.7 billion which was to be issued as loans against EIB’s equity. The Easy Terms Investment is a renewable mechanism (the reimbursement amount will be reinvested in new operations), and has the objective of supporting sustainable projects of technical, environmental, financial and economical matters depending on the private sector or on the public sector part managed in accordance with commercial criteria.
www.bei.org