In March 2016, BGL BNP Paribas created Microlux, the first microfinance institution in Luxembourg.
Microlux finances and supports the creation and development of the independent activities of individual clients and social enterprises unable to access the traditional banking system. Microcredit helps meaningful initiatives see the light of day.
- Support for entrepreneurial projects not eligible for traditional bank loans
- Guidance to project leaders through a coaching programme offered by its network of volunteers
- Loans of up to €25,000