Part I: Co-operative In The Spotlight In honour of the International Year of Cooperatives: Crédal

One such cooperative is Crédal, a pioneer in ethical finance that has been active in Wallonia and Brussels for 40 years.

Shared values

Two cooperatives, one common goal: opening doors where access to finance is limited — a principle better known as financial inclusion.

Indeed, Alterfin and Crédal demonstrate that inclusive finance is a powerful tool, both in Belgium and abroad.

We enable our clients — or partners, in Alterfin’s case — to realise their projects, fostering their development and personal well-being, wherever they are.

Why is our work so important?

First, because it puts people at the centre of everything.

At Crédal, this means ethical and sustainable investments, solidarity-based loans, and expert advice.

Crédal’s microcredit supports, among others, people in professional transition, vulnerable entrepreneurs, or migrants who want to launch a business and become more self-reliant.

Second — and most importantly — because our actions complement each other.

By creating economic opportunities where they are most needed, Crédal and Alterfin empower the communities they work with. This leads to a more equitable economy and, ultimately, to a more caring society and a brighter future for all.

So the question isn’t whether to invest here or elsewhere — but to act where the needs are greatest.

Our beneficiaries? The best proof of our impact

Richard, 51
Crédal client (personal microcredit)

« After leaving Burundi, I lived alone in a small studio. It was too small for my wife and our four children. Thanks to a Crédal microcredit, I was able to rent a larger flat and buy furniture. Now each of us has our own room, and we can live together in good conditions. » 

Shares Dinara, 45
Bailyk Finance client (microfinance institution in Kyrgyzstan and Alterfin partner since 2016)

« Thanks to Bailyk, I was able to invest in my business. I also bought a house, supported my children, and helped them pursue higher education. It’s been a tremendous help. »

The impact is real — and within reach!

Thanks to you, to the members of Crédal, and to our shared commitment, we are helping to build a fairer, more sustainable, and more inclusive world.

In Belgium and beyond.

‍#IYC2025

Interested in becoming a Crédal member? Find out more here.