The output of Social Banking and Alternative Energy Supply - Les Alternatifs
The first question was: how can a bank be social? Or alternative?
On this French Bank
there are 26 000 members who have a capital of 24 Million Euros. In
theory, each member has a voice and can decide on the bank's
development. In each region there are members who choose which
projects they encourage. This bank is not involved in financial
projects worldwide, it has an ethical purpose: to build a bridge
between savers and borrowers who carry sustainable meeting cultural,
social, and ecological criteria and local development. Members have
to pay a beginning share and they can use La Nef as a normal bank
with a current account but members are asked to share the interests
with the borrowers, so that borrowers have percentage interests to
pay, they just pay the capital back. The savers have a tax relief.
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