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News

We're launching a Financial Inclusion Ambassador Toolkit!

 

Financial institutions are on the frontline of the financial inclusion debate — and so are best positioned to promote the importance of increased inclusion across the sector. Or are they?

News from Borrow Wisely! Campaign

Dear friends,

It’s been an exciting week – and we wanted to share with you some campaign news.

What’s happening in the field?

Over EUR 2m for micro-enterprises in Romania as European Investment Fund and Vitas sign agreement under Progress Microfinance

The European Investment Fund (EIF) and Vitas have signed a loan agreement aimed at supporting over 250 micro-enterprises in Romania.

This agreement will allow Vitas to provide enhanced access to finance to micro-entrepreneurs, in particular to young entrepreneurs in western and central Romania, many of whom face difficulties in accessing credit from traditional banking sources.

Supporting Entrepreneurship in Europe: Creating Sustainable Employment and Growth, 28 October 2014, Brussels, Belgium

 

Supporting Entrepreneurship in Europe:

Creating Sustainable Employment and Growth

NH Hotel du Grand Sablon, Brussels

Tuesday 28th October 2014

KEY SPEAKERS FROM:

DG Enterprise and Industry, European Commission

Going for Growth

MFC convenes MFI CEOs to discuss key strategic and operational challenges

 

Last month, the MFC organized its first bi-annual MFI CEO Forum in Istanbul, with support of the European Bank for Reconstruction and Development (EBRD)

Access to Finance Barometer Project goes live

The MFC is developing and testing its new “Access to Finance Barometer” as part of a large-scale project funded by European Commission.

As part of a multi-component project funded by European Commission, MFC is developing and testing its “Access to Finance Barometer”, designed to provide insights into country-level access to finance issues and priorities across 10 EU countries.

“Borrow Wisely” Campaign goes live!

 

Starting today, 12 MFC members are launching a major coordinated effort to improve client financial literacy across the ECA region. Over the next month, the “Borrow Wisely!” Campaign will unite staff of 12 MFIs across 9 countries in one single aim: educating thousands of existing and potential clients on how to borrow safe and responsible levels of debt. 

Debating self-regulation of the European microfinance sector

There is increasing buzz around the ethics and impact of microfinance. Self-regulation offers a potentially unique solution to these challenges, by setting common standards for microfinance institutions (MFIs), in order to ensure excellence in product and service design and delivery, and facilitating long-term access to finance by finding win-win synergies between the interests of MFIs and its clients.

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