Finance companies and institutions that have no access to bank credit
The program aims at strengthening social organizations, governmental agencies and networks. Aims to consolidate production, trade, services, and encourage the productive development of local and regional economies.
Force general manager of Solidarity, an innovative structure for the financing and advising companies and institutions who have no access to formal credit, Oscar Navas, met with Senator Nestor Tandil Auza: progress on various projects that could benefit with this tool (funding and training) and visited the cooperative Impopar, the first local company which was already a line of credit from the efforts of the legislature tandilense. A very good impression of the officer was one of the “recovered” more successful in the province.
Solidary Force is an initiative of the Government of the Province of Buenos Aires, Banco Provincial Institute and State Lottery and Casinos, whose main objective is to provide financial and technical assistance for an important segment of the population has no access to formal credit, for incorporation into the financial system and facilitate greater participation.
The program aims at strengthening civil society, government, networks, agencies, with the aim of consolidating the different productive activities, trade, services, and encourage the productive development of local and regional economies.
This tool is not yet fully developed, but it is highly promising for the first steps taken to date. Just a quick run through their website to learn about the institutional scale of social and business objectives covered and unorthodox sources guarantees that manages to differentiate itself from the traditional sources of bank credit.
Senator Auza saw this in an alternative tool with great potential impact in the city, particularly to respond to companies and institutions that, while walking on a firm step in the productive land or office, or their present structures do not made “subject to bank credit.” Impopar was the first company to present and from démarches presented personal accompaniment and counter Fernando Rossi, an adviser to the legislature, got the credit. One objective of the visit of Navas was precisely know the company had benefited from the credit line ranging from 30 pesos to 600 pesos.
The objectives of FS
Incorporate an important sector to the formal economy, providing access to credit lines, through public agencies or entities of the community.
Provide technical and financial support to microfinance institutions that finance microentrepreneurs without access to formal credit.
Promote the growth of our economy partnership projects to promote the development of social productive local and regional levels.
Provide funds for entities that manage microfinance programs and project partners in the Social Economy.
FS contains two major funding programs. The first is aimed at strengthening co-operatives and small groups of entrepreneurs and offers lines of credit directly for social economy projects. The second is to micro-credit institutions which provide loans to individual microentrepreneurs.
During the month of December 2008 and January 2009, Force Solidary paid 2.17 billion pesos in loans to various social economy projects and microfinance institutions. This group includes Impopar.
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