CREDAL is an alternative financing cooperative founded in 1984 with a specific social vision: to promote fairer society and to reinforce social cohesion.
Its main objective is to offer savings products for social purposes and to support social projects through credit and counseling.
CREDAL has developed three product lines:
1) credits and risk financing for organizations in the area of solidarity finance: socioprofessional inclusion on the labor market, fair trade, workers’ cooperatives, medical organizations, help for the homeless, social housing;
2) Professional microcredit available for self-employed persons who do not have access to banking facilities and who wish to create or develop their own professional activities;
3) Personal microcredit is addressed exclusively to people with small income to support needs as means of transport (cars, etc), trainings or health.
At the end of 2011, Crédal has more than 18 million euros in invested funds that represent the investments made by 1.650 co-operators (constantly increasing).