Solidarity-based finance: Desjardins extends DID’s coordination mandate

January 6, 2020

In 2014, Desjardins entrusted DID with the mandate to coordinate the deployment of its three solidarity-based finance products: Créavenir, Desjardins Microcredit to Businesses and Desjardins Mutual Assistance Fund, with the aim of deploying them more widely throughout Quebec and Ontario.  

As part of this mandate, DID assists Desjardins caisses and the many participating community organizations in the deployment, promotion and monitoring of the three programs. Given the good results achieved since 2014, Desjardins Group has taken the decision to confirm DID’s role as coordinator, this time for an indefinite period.    

Desjardins' solidarity-based finance programs target entrepreneurs (especially young people and newcomers) who are struggling to qualify in the traditional credit network, as well as people experiencing financial difficulties. Offered in partnership with 172 community organizations, these programs combine tailored financing and personalized support to increase financial litteracy and financial inclusion among the individuals supported. Since their inception, they have reached more than 100,000 individuals and entrepreneurs.