Microcredits for Social Inclusion - France

This case study describes how resources from the European Social Fund (ESF), the European Regional Development Fund (ERDF), and national co-financing were used in the former Champagne Ardenne region in France to support local entrepreneurship. From late 2009 to the end of 2010, the ‘Microcrédit ADIE professionnel’ (the financial instrument) targeted unemployed and disadvantaged people, offering microcredits of up to EUR 10 000 co-financed by the ERDF, complemented by another operation co-financed by the ESF providing coaching and mentoring.