Blog Archives

Riding the Technology Wave in European Microfinance: the Case of Qredits

Read MFC’s latest case study  “Riding The Technology Wave in European Microfinance: The Case of Qredits”. This case study traces the origins and the digital evolution of Qredits, a Dutch microfinance foundation that is the only national program providing an alternative source of funding to new- and early-stage businesses.  Qredits, from its inception, has banked on the intensive use of ...

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European Microfinance Award 2018: Financial Inclusion Through Technology Brochure

Read how the winner and finalists of the European Microfinance Award 2018 on Financial Inclusion through Technology have creatively used technology to improve the quality and efficiency of their services. This new brochure presents the background on the Award, outlines the selection process, the Award ceremony and showcases the Award winner (Advans Côte d’Ivoire, Ivory Coast) and the two finalists: KMF, Kazakhstan, the MFC ...

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Experimenting with Digital Solutions: Initial Lessons from European Microfinance

This case study reviews digital applications and experimentation in digital transformation by European microfinance institutions. Using a digital transformation framework developed by the Microfinance Centre, the case explores the application of technology to core business processes and analyzes the use of various applications such as social media, virtual collaboration, mobile tools, data analytics and artificial intelligence. In addition to presenting ...

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The Tech-and-Touch Mix in Microfinance

This case study reviews how European MFIs incorporate high-tech solutions with the traditional high-touch personal approach to providing microfinance services and discusses the emergent models that MFIs are applying to combine these two approaches. Unlike FinTechs, MFIs retain the personal touch as a distinctive feature and a unique sales proposition of microfinance but there are differences as to when and ...

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First EaSI Technical Assistance webinar: Opportunities and enablers of digitalisation for microfinance institutions

Date: 19 December 2018, ended Speaker: Jarosław Dmowski, digital expert Facilitator: Justyna Pytkowska, MFC Download webinar recording To help all interested European microfinance institutions understand better how to position themselves in the digital space, the European Commission is sponsoring a webinar organised under the umbrella of the EaSI Technical Assistance for Microfinance programme and hosted by the Microfinance Centre (MFC). ...

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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 ...

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Financial Inclusion Compass 2018: e-MFP Survey of Financial Inclusion Trends

The European Microfinance Platform (e-MFP) has launched the Financial Inclusion Compass 2018 – its new paper on emerging short, medium and long-term trends in the financial inclusion sector, based on a survey of e-MFP members and key industry stakeholders. The Compass was conceived to be a way to leverage e-MFP’s multi-stakeholder membership and position in the inclusive finance community, while ...

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How Financial Institutions and Fintechs Are Partnering for Inclusion: Lessons from the Frontlines

Contrary to the popular narrative, financial institutions view fintechs as partners in innovation, not threats to their core business. By offering better, less expensive, and more innovative products, financial institutions can assert their continued relevance as customer-facing institutions with help from fintech partnerships. Publisher: The Center for Financial Inclusion at Accion (CFI) Authors: Sonja E. Kelly, Allyse McGrath, Dennis Ferenzy Year: 2017 Download “How ...

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Assessing the European market of Microfinance

  The study Assessing the European market potential of business microcredit and the associated funding needs of non-bank MFIs depict a huge potential demand for small business loans across the EU-28 members states and the dynamism of a sector that needs adequate support to ensure a wider outreach to the underserved to deliver on its mandate to improve social and ...

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Digitalizing Microfinance in Europe

The paper “Digitalizing Microfinance in Europe” summarizes the results of the survey on the use of fintech solutions and digitalization of the customer relations and lending process among MFIs in Europe. While there is a widespread recognition about the need to use digital processes to a larger degree, the ability and willingness of MFIs to do that varies greatly. The ...

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