Provides ethical financing and support for social impact projects.
Crédal is an alternative financing cooperative based in Belgium, founded in 1984 with a specific social vision to promote a fairer society and reinforce social cohesion. The organisation focuses on providing ethical investments and solidarity-based financing to individuals and organisations with limited access to the banking system, social economy actors, and entrepreneurs with a positive societal impact. Crédal offers various financial solutions, including micro-credits and loans, as well as expert advice and training for entrepreneurs. The cooperative invests its funds in supporting associations, social entrepreneurs, and citizens in financial difficulty, rather than placing them on financial markets. Specific criteria for receiving funding include having a project with a positive social impact and aligning with Crédal's mission of building an inclusive and sustainable society. Recent data indicates that Crédal has supported 4301 active clients in 2023, financed 2927 full-time equivalent jobs, and has 3944 cooperative members who have invested in the organisation. However, detailed information on typical project financing amounts and specific recent projects financed is not readily available in the provided sources.