Microfinance as part of EU strategy

Microfinance as part of EU strategy

European Union recognizes microfinance as the tool that fosters efforts to eradicate poverty and meets the challenge of financial exclusion.

The European Code of Good Conduct was designed in the framework of JASMINE, a pilot project developed in the aftermath of a Communication on microcredit adopted by the Commission in November 2007 and also feeds on work carried out previously on the regulation of microcredit in Europe.

 

 

Read also Creating Jobs in Europe: Legal and Regulatory Frameworks of Microenterprises and Microcredit in Europe by TrustLaw.

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