“Credit is a human right”
Banking and ethics seem two very contradictory terms to go together. However, credit union projects have emerged whose interests can not be more contrary to those of traditional banks.
For some time now, people have spoken to me about Fiare as an ethical and cooperative bank that cares about people. According to his project, Fiare are two things: A network of people and organizations that want to create alternatives within the financial market to build an economy with other values, at the service of a more just society. And it is also a company that operates in Spain as an agent of Banca Popolare Etica, an Italian credit cooperative.
As a bank, it offers all kinds of products and services, without losing its characteristics of non-profit , cooperative democracy and construction from the bottom up. All this without losing its status as a supervised entity, attached to a Deposit Guarantee Fund in the European Union.
The most important thing for them is their social base, divided into different territorial associations that expand the ethical banking project and organize the activities of those who have participation in the social capital.
As of October 30, 2013, the capital stock raised amounted to 4,461,389 euros, disbursed by 4,535 individuals and legal entities. Fiare f inancia projects that have a positive social impact and grants two types of loans: personal and mortgage.
They consider credit as a human right and its members make decisions about the destination of their savings, about their credit applications or their investments with responsibility, based on reliable and sufficient information.