Personal microcredit is granted to persons who are generally excluded from the traditional banking system due to their low incomes or the fragility of their professional situation. It generally has as object the acquisition of good or service to improve the situation of the borrower through a personal project.
beneficiaries The micro-personal credit is aimed at people excluded from the economic and financial system and who could return to it thanks to the credit:
- Unemployed persons, beneficiaries of the RSA, precarious workers, persons in the process of being excluded;
- Students, apprentices, young workers;
- Accidents of life: persons who have suffered a sudden drop in income due for example to a divorce, illness, disability or unemployment.
Legislative and regulatory framework
- Organic Law No. 2007-223 of 21 February 2007 introducing statutory and institutional provisions relating to the overseas.
- law of the 1er July 2010 reforming the consumer credit and defining the Microcredit Personnel.
- The deliberation of the Executive Council of Saint-Martin of 1 December 2015.
Amounts of loans granted
The loan can range from 300 € to 3 000 € over a period of 6 months to 36 months maximum.
The interest rate of the loan is in line with that of the market (currently 4%).
Condition for obtaining aid
For any application, a single application file must be developed with a social worker.
The application must be completed and signed by the applicant and all supporting documents provided.
Aid may not be granted to a person who does not meet the legal requirements for residence on French territory.
The assessment of resources is assessed on the basis of the income received by the family as well as the total expenditure and composition of the household.
SOLIDARITY AND FAMILIES
Social Work Service
Street of the hotel of the Collectivity
BP 374 - 97150 SAINT-MARTIN
0590 291 -310-