COUNTRY PROFILE
France
A standardised profile of the microfinance ecosystem — regulation, actors, funding, and the latest news. Expand any section below.
01 · REGULATION OF LENDING
Regulation of lending activity
Regulation of lending activity
Regulatory scenario
With microcredit regulation
Dedicated law regulating microcredit
Monetary and Financial Code
Dedicated law passed (year)
2001
02 · SUPERVISORY FRAMEWORK
Supervisory framework for non-bank lending
Supervisory framework for non-bank lending
Supervisory authority
Bank of France (ACPR, ‘Autorité de contrôle prudentiel et de résolution’)
Authorised non-bank lender — type 1
Associations, non-profit organisations, recognized public-interest foundations
Type 1 — profit orientation
Non-profit
Type 1 — minimum capital
Not defined
03 · PRODUCTS
Products
Products
Business microcredit — max. amount
EUR 12.000 (up to EUR 15.000 in Overseas Territories)
Business microcredit — max. term
5 years
Business microcredit — interest cap
Not defined in the law
Business microcredit — purpose
To create and develop small enterprises (up to 3 employees)
Business microcredit — target clients
Anyone willing to start and/or develop a business
Business microcredit — mandatory non-financial support
Not defined in the law
Personal microcredit — max. amount
EUR 8.000
Personal microcredit — max. term
5 years
Personal microcredit — interest cap
Yes, in accordance with the anti-usury legislation
Personal microcredit — purpose
Access to, maintenance of, or return to a job or social integration project not directly linked to a professional objective
Personal microcredit — target clients
Physical persons facing difficult financing, whose loan repayment capacity is judged to be sufficient and who are receiving social support
Personal microcredit — mandatory non-financial support
Not defined in the law
04 · INCENTIVES & SUPPORT
Incentives and support
Incentives and support
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05 · DEVELOPMENT OF FRAMEWORK
Development of existing framework for non-bank microcredit provision
Development of existing framework for non-bank microcredit provision
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