Author Archives: admin

Supporting “generation start-up”: Opportunities for Hungarian MFIs

This case note presents our initial research findings and analysis on the start-up enterprise landscape in Europe (in particular:Romania, Hungary, and Bulgaria). This initial exploratory research was designed to identify current good practice among microfinance service providers serving start-ups; understand the future potential role of microfinance vis-a-vis start-ups; and propose concrete and practical steps to bring about more support for ...

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Supporting “generation start-up”: Opportunities for Romanian MFIs

This case note presents our initial research findings and analysis on the start-up enterprise landscape in Europe (in particular:Romania, Hungary, and Bulgaria). This initial exploratory research was designed to identify current good practice among microfinance service providers serving start-ups; understand the future potential role of microfinance vis-a-vis start-ups; and propose concrete and practical steps to bring about more support for ...

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Proposal for a revised EU definition of microfinance and microcredit

The existing EU definition of microfinance i.e. the maximum amount of 25.000 € is not satisfactory as it does not recognize the specificities and the developments of the sector. MFC and EMN joined forced and in consultation with their Members in 2017 worked out a new definition of microcredit and microfinance that helps to better identify potential beneficiaries of EU ...

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Note on Capital Markets Union and the development of microcredit for an inclusive entrepreneurship

One of the main issues of the capital markets union is to unlock financing of innovation and enterprises. As 92% of European enterprises are microenterprises of less than 10 employees and many of them are excluded from access to banks, it seems important to include these “missing entrepreneurs” in the total demand of the capital market. Most challenging obstacles faced ...

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Note on Inclusive Entrepreneurship

92% of the total number of enterprises in Europe are microenterprises with less than ten employees. The setting up of microenterprises has become more attractive for a wider strata of population than before. However, based on several recent studies, the national frameworks for entrepreneurship in the EU member states are not yet as inclusive as they need to be for ...

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MoU EMN-MFC and the EIB group

The microfinance sector is in rapid development within the EU at a time when micro-entrepreneurship is becoming a growing option next to salary employment or unemployment benefits. In this framework, all efforts should be developed at EU level to support the microfinance sector in terms of policies, regulation, finance and technical assistance. This MoU is to develop a privileged, non-exclusive, ...

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Note on ESF Market Failures for Microfinance in Europe Findings “short mapping”

Supporting entrepreneurs setting up their own business is one of the objectives of the European Social Fund (ESF). ESF offers a range of funding opportunities for financial and non-financial services. It has been used to co-finance entrepreneurship training and guarantee funds in different countries such as Lithuania, France and Germany to name a few. Nevertheless, even when the ESF have ...

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MFC Explores the Role of the FinTech Sector in Advancing Financial Inclusion

In the recent months, the MFC has conducted studies on the FinTech sector and its role in providing financial services to excluded and underserved groups in Poland and Ukraine. We have successfully identified FinTechs that contribute to financial inclusion and improved financial health, and explored their current and potential future cooperation with traditional finance providers. In Ukraine, our research was ...

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The Microfinance Sector Consolidates Its Capability to Support Financial Inclusion in Europe

European MFIs reached outstanding gross microloan portfolio of EUR 3.2 billion in 2017, serving almost 1 million active borrowers 443,825 clients reached with non-financial services in 2017 The European Microfinance Network (EMN) and the Microfinance Centre (MFC) are proud to announce the launch of the “Microfinance in Europe: Survey Report 2016-2017”. The 8th edition of the report provides an overview ...

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Microfinance in Europe: Survey Report 2016-2017

The 8th edition of the report provides an overview of the development of the sector in terms of its main institutional characteristics, microloan portfolio, and social and financial performance for the period 2016-2017. The Report gives a sound image of the sector’s heterogeneity relating to the institutional model, the size, and the level of specialisation in microlending. The social goals ...

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