Fondation Merieux

A family foundation dedicated to fighting infectious diseases

Xetic: Launch of a solidary internet platform

18 October 2010, Lyon (France)

Fondation Mérieux has supported the creation of Xetic, a non-profit organization whose goal is to contribute to the reduction of poverty, the fight against social exclusion and the advancement of men and women on the road of liberty and dignity

Xetic provides a ready, 100% secure platform through which internet users can lend small amounts of money to micro-entrepreneurs in developing countries, who wish to implement a revenue generating activity but who do not have access to a traditional banking system to meet their financing needs.

This internet platform uses the efficiency of social networks to encourage and facilitate the creation of a community of secured lenders.

Fondation Mérieux plans to continue its support through the links with Xetic and its partners in Haiti: the GHESKIO Centres and the ACME association (Action for Cooperation with Micro-Enterprises).

Xetic press release137 kb pdf

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