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Microfinance in Europe

Microfinance is recognised worldwide as an effective tool in fighting social and financial exclusion and poverty. In Europe the development of the sector started in the 90’s and has not progressed at the same pace in individual countries. A rapid and strong development in the countries of Eastern Europe (including some of the new EU Member States) has contrasted with slower, patchier growth in Western Europe. Microfinance Centre (MFC) has been involved in creating good practice tailored to the countries in which it operates.