Loan Illustration

Oran, 26 ans et demandeur d’emploi souhaite créer la société EVIF de Centre Automobile spécialisée dans la reprogrammation des moteurs de véhicules. Tit…

Services Services

France France

Loan amount €10,000

Funded 58%

by 22 members

Funding disbursed to MFI, repayments ongoing

Disbursement date: 07/01/2019
Final repayment of the loan: 07/01/2022

MicroWorld's investors have funded: €5,860

Oran - Create services

Borrower

First name: Oran
Gender: Male
Age: 28
Marital status: Single
Number of children:
Region: Créa-Sol

Loan Request

Purpose: Create services
Amount: €10,000
Duration: 36 months
Loan type: in fine
The loan is reimbursed in one installment at the maturity date of the project (principal and possible interests).
Note: additional time may be necessary for the funds to be credited on the lenders' accounts due to delays in international transfers.

Borrower's quote

Oran, 26 ans et demandeur d’emploi souhaite créer la société EVIF de Centre Automobile spécialisée dans la reprogrammation des moteurs de véhicules. Titulaire d’un Bac Professionnel "Etude et définition de Produits Industriels", il a travaillé 3 ans chez Berlioz comme projeteur industriel. Il sera accompagné par LR Performance qui est le leader national. L’optimisation électronique d’un moteur se positionne comme une solution concrète et innovante qui a pour effet de réduire la consommation de carburant et les émissions polluantes qui en découlent. L’Ethanol E85 est un vecteur énergétique majoritairement renouvelable (85 % de composants végétaux et 15 % d’essence fossiles). Durant les 6 premiers mois de son activité, sa compagne l’aidera en tant qu’attachée commerciale à mi-temps de la société pour accompagner le démarrage puis elle reprendra ses études en Ecole de Commerce. Pour se faire connaitre, en plus des flyers et plaquettes commerciales, il utilise le site de LR Performance, les réseaux sociaux et adhère à des Clubs d’Entrepreneurs.

Economic and social context

France

France

France is a transcontinental sovereign state whose metropolitan territory is located in Western Europe with Paris as its capital. It shares borders with Belgium, Luxembourg, Germany, Switzerland, Italy, Spain and the principalities of Andorra and Monaco. France is the seventh largest economy in the world (according to the World Bank) and is recognized worldwide for its rich culture and diversity.
Country's key figures - source Worldbank
Population 67,118,648
GNI per capita 43,790 USD
Economic growth 1.8%
Poverty rate no data
Unemployment rate 9.4%
School enrollment, secondary (%gross) 111.1%
Life expectancy 82.3

MFI Status

This loan is managed locally by our field partner Créa-Sol which is in charge of administrating the loan and repaying MicroWorld lenders.

You should be aware that lending involves a risk of non-repayment. However, the risk associated with this MFI is considered lower than average.

Rates and transparency

  • This loan does not pay any interest to the lender.
  • Following your loan commitment, you have 7 calendar days to assert your right of withdrawal, by mail at contact@microworld.org.
  • The MFI will reimburse the lender in case of default of the entrepreneur but there is no guarantee or insurance given by the MFI.
  • 100% of the money collected is sent to the MFI, even if the project is not fully funded on the site.
  • The MFI then makes a loan to the micro-entrepreneur and charges an interest rate in order to cover its operational and financial costs.
  • The beneficiaries have been well informed about the risks of over-indebtedness and the consequences of payment default.
  • The platform earns a commission from the MFI for the service it provides, which helps to fund its running costs.
  • More effective than a simple donation, micro-credit promotes long-term sustainable economic development rather than short term help.

The MFI

Créa-Sol

Créa-Sol

Créa-Sol is a French microfinance institution that finances micro and small businesses in partnership with banks and business-support networks. Through co-financing, the partners share the amount lent and this eases the approval of loans rejected by banks because of the high amount requested. This partnership also allows providing entrepreneurs, often previously unemployed people, with business development services and post-disbursement monitoring.

Key figures - June 2018
Legal statusAssociation law 1901
Number of active borrowers2,609
Portfolio size€6,572,082
PAR (Portfolio At Risk)9,68%
ROA (Return On Assets)-2,9%
Social indicators
Average loan / GNI per capita
% of women borrowers52%
Saving accounts opened
Guarantees required to access a loan
Special programs