Reshaping lives of the under-served
Agency for Technical Cooperation and Development (ACTED) is a non-governmental organization with headquarters in Paris, founded in 1993. The programs implemented by ACTED (around 170 per year), in Africa, Asia, the Middle East, Latin America and the Caribbean, aim at addressing the needs of populations affected by wars, natural disasters and/or economic and social crises.
ACTED has been engaged in microfinance since 1997. For more than a decade, ACTED’s activity has been based on innovative initiatives, led in partnership with numerous growing actors from diverse professional and cultural backgrounds.
OXUS is progressively taking over ACTED’s interventions in the microfinance sector. Nevertheless, certain individuals in a situation of extreme vulnerability do not always fulfil OXUS’s selection criteria. For this reason, ACTED has maintained its microfinance activities for the most vulnerable community members.
In all cases, the focus is on the mobilization of local solidarities in the form of solidarity-based groups, agricultural unions, parent/teacher associations, as well as village banking organizations.
ACTED considers that supporting local economic initiatives is an indispensable condition for the sustainable development of regions severely affected by a crisis.
Commitment to Microfinance
For the past 10 years, ACTED has been working in microfinance to provide fair means to the most vulnerable people so that they can launch and to support an economic activity in the countries and contexts where these are virtually inaccessible. Microfinance is an obvious and consistent extension of our humanitarian commitment and contributes, as well as our other activities, to the global reduction of poverty, one of the Millennium Development Goals defined by the United Nations in 2000.
To help populations and to effectively meet their needs, ACTED surrounded itself with and relies on specialized stakeholders – OXUS, the South Asian Micro-entrepreneurs Network (SAMN), the peer to peer lending website Babyloan, Octopus Microfinance Software and the Convergences platform. The success of microfinance as well as its capability to effectively reduce poverty will depend on the capacity of all actors to develop synergies by developing targeted and innovative solutions.
33, rue Godot de Mauroy, 75 009 Paris, France
P: 0033 1 42 65 33 33