Since 2005, the Inter-Aide has developed a microcredit system in Pune, a large town located south of Mumbai. To do this, it already had secured the backing of the French Ministry Of Foreign Affairs, the European commission and the Veolia Environnement Foundation. One of its secrets of success is the accompaniment of its business creators, for example in the form of management training.

Thanks to this action, more than 17 000 loans, with an average value of 38 euros, have already been granted. They have enabled the born microentrepreneurs, lacking the financial resources to make the next move, to develop a considerable number of small businesses: groceries, tailors, cobblers, etc.

Health microinsurance

To continue its program, Inter-Aide wants to expand its operations in Pune and extend them to Mumbai. In Pune, it dreams of setting up a health microinsurance system: this new service will consolidate the longevity of the activities of these microbusinesses, and enable them to "weather the storm" of accidents or serious illnesses liable to compromise their loan cycle (half of the repayment failures are due to health problems). In Mumbai, Inter-Aide knows that demand is strong and the number of players in the sector is minimal.

Faced with the relevance of this new project, the Veolia Environnement Foundation reiterates its support for Inter-Aide with a grant of 50 000 euros. This sum will boost the funds enabling the most destitute persons, excluded from the conventional banking system, to take their lives into their hands.