LaSer commits to create LaSer Foundation for Solidarity Initiatives (LFIS) to foster the development in Europe of sustainable credit models directed in particular to persons in fragile financial situations and/or whose access to credit is denied. LFIS will organize multi-partners reflexion, dialogue, and actions to emulate the success of micro-credit models implemented in Southern countries and set the path towards the development of 'credit of emancipation' in northern countries.
LaSer Foundation for Solidarity Initiatives will also lead quantitative and qualitative studies on users in situation of excessive debt in order to identify the causes and patterns of indebtedness and propose actions and services to prevent such situations of excessive debt.
LaSer Foundation for Solidarity Initiatives will build on LaSer's competencies, partnerships, and experience to:
- Lead appropriate studies, benchmarks and experimentations
- Implement new, sustainable credit solutions and allocate 500 to 1,000 micro-credits annually, accompany and borrowers, train volunteers who act on the field
- Fund MFIs and social credit organizations
- Support organizations working with targeted populations
LaSer Foundation for Solidarity Initiatives (LFIS) will renew eligibility criteria and reshape the approval process for fragile populations.
LFIS plans to open credit access for the individuals who are currently denied and enhance borrowers' understanding of credit functions. LFIS will use their expertise to accompany and support borrowers in fragile situations. LFIS's influence will help borrowers control their personal credit and prevent excessive debt.
On the basis of its methodology of data analysis on access to credit in Europe, LFIS will:
1. Lead actions of influence to:
- Open access to credit to persons to whom it is currently denied
- Enhance borrowers' understanding of credit functioning
- Better accompany and support borrowers in fragile situations
- Better control and prevent excessive debt
2. Provide direct contributions and specific support to persons to whom access to credit is denied (low income, young adults, homeless)
- Allocating micro-loans
- Supporting funding requests
- Providing social support
- Providing financial education
- Building awareness on 'sustainable use of credit'
SEEKING; Implementing partners; media/marketing opportunities
LaSer Foundation for Solidarity Initiatives seeks dialogue and potential collaboration with international leaders of the microcredit sector to learn from their successful practices and potentially, develop joint actions. LFSI also welcomes partnerships with corporations, government, and non-government actors engaged in fair and responsible lending issues to develop social and professional credit and microcredit benefiting fragile borrowers and fight against financial exclusion.
OFFERING: Implementing partners; best practice information