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Why PlaNet Finance

A Brief Introduction of Myself 

After graduating from a French Business School, I began working at PlaNet Finance in 2006 as a Communications Officer, and then moved to the Development Department to oversee Private Partnerships. As in any organisation, PlaNet Finance needs funding to maintain its activities from one year to the next – to cover wages, office overheads, meet project costs and to develop innovative programs. My job consists of raising money from the French private sector (companies or private foundations) and through our international network, and to develop and maintain these partnerships over the long-term. It’s an exciting job with many challenges, especially considering that philanthropy is a new concept in France: the budget allocated to philanthropy in France is a mere €2.5 billion compared to €230 billion in the US. Furthermore, the private sector is not necessarily familiar with Microfinance, which means that part of my job is to help them discover this fast-paced and technical sector.  

A Brief Introduction to PlaNet Finance

PlaNet Finance is an international organization with the mission to alleviate poverty through the development of microfinance.

Based in Paris, PlaNet Finance has over 700 team members worldwide and is active in close to 80 countries. 

The base of the economic pyramid (BOP) is traditionally used to refer to the nearly 4 billion people living under $8/day (PPP).  While this portion makes up the majority of the global population, BOP markets have been overlooked by companies of most sectors – including finance.  Low income groups do not have access to formal financial services for several reasons:

  • Few bank branches in their community
  • Do not meet traditional requirements

Beneficial impacts of microfinance

  • Helps increase households income by productive investment
  • Accompanies asset building
  • Reduces “cyclical” vulnerability
  • Supports education (increased savings and offer of education loans)
  • Supports women empowerment

Why PlaNet Finance?

Today, 2.6 billion people live below the poverty line, surviving on less than 2 dollars a day. For me, Microfinance is an innovative way to fight against this abject poverty by offering financial services to poor populations that are excluded from the banking system, in order to help them develop their activity and increase their revenue. PlaNet Finance is an international non-profit organisation which acts throughout the world to enable the poorest of the poor to finance and develop their professional projects. Thanks to Microfinance, individuals in a precarious position can build and develop their own projects of life in order to provide a better future for themselves, their families and communities, in a dignified and sustainable manner.

SAP is now one of our main partners among others such as Cap Gémini, Sanofi-Aventis, Microsoft, Orange, Ernst&Young, Lenovo, GDF-Suez and Accenture. PlaNet Finance works closely with the private sector to offer these companies different ways to support the NGO, through financial support for the development of microfinance projects, providing personnel for skills patronage, gifts in the form of computer equipment and software, organising fundraising campaigns and lobbying. Our partnership with SAP is very promising and I am hopeful that it will help us improve our mission and reach our objectives.

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  • Dear Sarah,
    now that Jacques and Léo officially introduced this partnership to the public, I am very excited to working together with PlaNet Finance and make all this happen - with the help of the community.