Commitment to Action

LaSer Foundation for Solidarity Initiative

Commitment by

LaSer Group

In 2008, through the creation of LaSer Foundation for Solidarity Initiatives (LFSI), LaSer committed to foster the development of sustainable consumer credit solutions in France and in Europe. Specifically, LFSI seeks to design new, responsible credit models and practices to address the needs of low and medium income populations and prevent indebtedness and foreclosure. In addition, LaSer aims to give access to credit to underserved populations to whom it is currently denied.
To accomplish these objectives, LFSI has organized multi-partner dialogue to develop new credit solutions; led advocacy actions to mobilize the financial sector, NGOs, and government on issues related to fair and responsible lending; and expanded the offer of such credit solutions.

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Overview
Summary

Commitment

LaSer Foundation for Solidarity Initiative

Launched

2008

Est. Duration

3 Years

Estimated Total Value

$2,895,000

Region

Europe

Countries

FRANCE

Commitment by

LaSer Group

Partner(s) of the Commitment Maker(s)

Secours Catholique, ADIE (Association pour le Droit à l’Initiative Economique), Aquitaine Active, CRESUS, Municipality of Paris, Crédit municipal de Paris