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[chapeau] La Croix newspaper, in partnership with the FAIR association, has just published its 2022-2023 solidarity finance barometer, which once again highlights the excellent health of Finansol-labeled financial products, with record growth in subscriptions. The barometer also highlights several projects financed by solidarity savings, including the Tunisian microfinance institution Enda Tamweel, financed by SIDI. [/chapeau]
Solidarity finance continues its spectacular growth, with annual growth of 27%, the highest ever recorded in the 20 years of this barometer. By the end of 2021, the total amount of solidarity-labeled assets under management will have risen to 24.5 billion euros! This growth is driven by three traditional channels: subscriptions to solidarity-based companies (such as SIDI), banking products and employee savings schemes.
The barometer also details three examples of projects financed by solidarity savings, in particular the Enda Tamweel institution, which has been financed by SIDI for 10 years, first as a loan and then through an equity investment. The barometer article highlights Enda Tamweel’s key role in the fight against poverty, particularly in the context of political unrest exacerbated by recent crises (pandemics, war-related shortages in Ukraine).
Discover the 2022-2023 barometer here
