Financial Inclusion for Inclusive Growth in Europe II: A collaboration with the European Commission 2018–2021

Project Description

The overall objective of the program “Financial Inclusion for Inclusive Growth in Europe II” is to widen and deepen financial inclusion of the European citizens. To achieve this, the MFC program encompasses advocacy and capacity building for EU practitioners and policymakers.

Project status: active

Project duration: 2018 – 2021

Project regional focus: 

EU countriesAustria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania , Slovakia, Slovenia, Spain, Sweden, United Kingdom

and Albania, Montenegro, Serbia, Turkey, Republic of North Macedonia, Iceland, Norway

Funder:

The European Commission (EC)

 

 

Project Objectives

The program focuses on three general aspects:

  1. To increase MFI awareness of the current EU policies and programmes existing (e.g.: the EaSI Programme) that support improvements in providing finance to excluded groups, and engaging with policy-makers on improvements to legal and regulatory frameworks for inclusive finance.
  2. To develop the capacity of MFC members and non-members to overcome barriers in access to finance for micro-entrepreneurs and social enterprises.
  3. To deliver relevant data and analysis on important themes to practitioners and EC stakeholders.

Key Activities

Key activities include:

  • Operate a lean, agile and effective MFC mobile office in Brussels to facilitate information-sharing and networking
  • Organize country meetings/visits with local practitioners to discuss important topics related to financial inclusion
  • Support the establishment of national working groups so local practitioners can increase their visibility, address key challenges and advocate for financial inclusion in their countries
  • Organize webinars, workshops, peer-to-peer mentoring to build practitioners’ strategic and operational skills
  • Conduct research topics of key importance to MFIs, such as serving start-ups, digitalization, financial instruments needed for microfinance sector development, business development services (BDS), etc.
  • Facilitate a Digitalization Working Group and Business Development Working Group to explore, improve, and disseminate good practice
  • Disseminate news to share relevant information to key stakeholders.

Our 2019 key program activities include:

  • Continue operating our mobile office in Brussels to engage in dialogue with the EC, international networks and other stakeholders
  • Continue BDS and Digitalization Working Groups where practitioners can share good practice and discuss challenges
  • Conduct research related to digitalization, focusing on the development of a tool to assess clients’ digital footprint, and a scorecard to help micro-entrepreneurs assess the financial health of their business
  • Continue peer mentoring sessions among HR managers
  • Continue supporting national working groups of microfinance practitioners
  • Continue country visits/meetings to discuss the financial inclusion agenda
  • Organize workshops and meetings related to the financial inclusion agenda at MFC Annual Conference 29–31 May in Istanbul.

2018 Key Results

Our 2018 program key results include:

Project News

This initiative has received financial support from the European Union
Programme for Employment and Social Innovation “EaSI” (2014-2020).
For further information please consult: http://ec.europa.eu/social/easi