The French NGO Entrepreneurs du Monde and the Agence Française de Développement (AFD) have signed a three-year agreement to promote an inclusive, sustainable and replicable microfinance for the most vulnerable. According to this agreement, AFD will bring for the next three years (2012-2014) a grant of EUR 305,000 to Anh Chi Em, the microfinance programme implemented by Entrepreneurs du Monde in Dien Bien Province. Anh Chi Em supports the most deprived households, to help them improve their conditions of living thanks to a combination of loans, savings products and training services.
The agreement covers six countries where Entrepreneurs du Monde has been providing assistance, in West Africa (Benin, Togo, Ghana, Burkina Faso), and in Asia (Philipins andVietnam). Entrepreneurs du Monde implements, directly or in partnership with local entities, microfinance programmes aiming at providing access for the poorest and the most vulnerable people, to not only financial services (loans and savings), but also trainings, to make them improve their conditions of living based on economic activities.
InVietnam, the programme « Anh Chi Em » has been launched by Entrepreneurs du Monde in2007, inDien Bien province, North-West of Vietnam. Recipients are very poor households, often from ethnic minorities, who get subsistence from small-scale agricultural activities in this remote and mountainous region of the country.
The services offered byAnh Chi Em have been continuously tailored to the needs of the Vietnamese population: loans provided byAnh Chi Emhave different amounts and duration to adapt to the economic cycles of the activities; trainers and social workers ensure an active support to clients. As encountered in all programmes backed by Entrepreneurs du Monde,Anh Chi Empromotes some innovative tools, enabling a reliable management of the social results of its funding. Entrepreneurs du Monde has been working closely with the local authorities (People’s Committee, Women’sUnion), which take part in Steering Committees of the Project, and can assistAnh Chi Emwhen it turns out to be necessary.
Anh Chi Em has already 3000 clients : thanks to the agreement signed with AFD, Anh Chi Em will be able to develop its activities and to target 7000 clients, and subsequently strengthen its financial sustainability and consolidate its status inVietnam. The agreement also creates the opportunity to share experiences with other organizations supported by Entrepreneurs du Monde all around the world.
Agence Française de Développement (AFD) is the main entity for ODA delivery on behalf of the French Government. It was established in Vietnam in 1994. Since 2008, AFD has provided EUR 2 million grants to around 10 French NGO working in Vietnam.