MFC Policy papers

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 ...

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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 ...

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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 ...

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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, ...

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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 ESF have ...

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Policy Papers 2009-2016

  MFC Policy Paper No.5: Demystifying the role of microfinance in job creation The paper discusses the role of microfinance in job creation through self-employment and microenterprise. Despite high expectations, in general microenterprises have a limited however socially important contribution to job creation. It is necessary to distinguish between growth-oriented young firms that have a potential to create jobs and ...

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Policy Publications. Archive: 2002-2008

Policy Monitor No. 13, September 2008 (in English, in Russian) Policy Monitor No. 12, January 2008 (in English, in Russian) Policy Monitor No.11, May 2007 (in English, in Russian) Policy Monitor No. 10, January 2007 (in English, in Russian) Policy Monitor No. 9, May 2006 (in English, in Russian) Policy Monitor No. 8, January 2006 (in English, in Russian) Policy ...

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