Tag Archives: Access to Finance

The Contribution of the Fintech Sector to Financial Inclusion and Health – A Review of Opportunities and Challenges

The case studies present findings on the current state of the fintech industry in six countries: (UK, Netherlands, Poland, Ukraine, Turkey and the Czech Republic) in the context of their potential contribution (positive and negative) to financial inclusion and financial health of individuals and small businesses. The summary paper offers a comparative analysis of fintechs’contribution to financial inclusion and health ...

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LETS SAVEE

LEarning, Teaming up and Saving – SAVing groups for Employabiliy and Empowerment, in other words LETS SAVEE, is a new project which MFC is coordinating. The project aims at exploring the potential of saving groups in the European countries context, for improving low income and marginalized group entrepreneurial skills and access to finance. In the current European context, poverty and ...

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IFC Lending $16 million to BT Mic to Support Romanian MSEs

International Finance Corporation (IFC) said it is providing $16 million (14.5 million euro) to Romania’s BT Mic to improve access to finance for micro and small enterprises (MSEs) and toward financial inclusion of women-owned small businesses in the country. The financing to BT Mic is designed to address the challenges that MSEs face in access to finance in Romania, IFC, ...

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EU Funding Toolkit – a Very Useful Resource on EU Funding Programmes by Euclid Network

Euclid Network in cooperation with EC prepared a very handy toolkit about all of the EU funding programmes. It can be very useful for all of the MFI’s, social enterprises, start-ups, institutions helping migrants You can find there the Overview on EU funding instruments: EaSI, COSME, ESF, Interreg Europe, Erasmus+, LIFE and Horizon 2020. If your institution is searching for ...

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EU Commission Announces Action Plan for Social Economy

The Commission presents a Communication on building a strong social Europe for just transitions. It sets out how social policy will help deliver on the challenges and opportunities of today, proposing action at EU level for the months to come, and seeking feedback on further action at all levels in the area of employment and social rights. Already today the ...

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A Recipe Book for Social Finance Published

European Commission publiished the second edition of the Recipe book for social finance. This is a practical guide for developing financial instruments and finance markets for social enterprise. It is designed to serve primarily social enterprise finance practitioners (investors, intermediaries and support organisations), but it could also be of interest to social enterprises and to policy makers that wish to ...

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Easy-to-Use Tools to Understand What Your Clients Are Ready to Do Online

Know your client! – this call has never retired. We observe that MFIs underestimate their clients’ digital readiness. “Our clients do not use Internet” we keep on hearing, while the number of clients engaging with Internet grows at great pace. Together with member MFIs, MFC developed a practical set of questions, which help MFIs understand how they can use Internet ...

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The ILO Financial Education Programme is Launching an e-learning Course

International Labour Organization has announced a new, free-of-charge e-learning course on Financial Education. This course complements the face-to-face training and awareness raising campaigns that the ILO Financial Education Programme has conducted over the years, training over 100,000 people worldwide. The course provides the e-learners with the knowledge, skills and competencies needed to better manage their personal finances. The course is now available free ...

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New EaSI Fund Launched

The new fund called EaSI Funded Instrument has been launched with a loan fund of €200 million to boost the lending capacity of microfinance institutions and social enterprise lenders in Europe. The EaSI Funded Instrument provides senior and subordinated loans to microfinance institutions and social enterprise lenders to boost on-lending to micro-enterprises and social enterprises. In order to support job creation and social inclusion, the EaSI ...

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Roundtable in Belgrade – TV interview with Grzegorz Galusek, MFC Executive Director

    The meeting in Belgrade gathered representatives of Serbian government and Chamber of Commerce, European Commission, European Investment Fund and many microfinance practitioners and other stakeholders involved. It was supported and facilitated by Microfinance Centre. The aim was to find solutions to improve the regulatory and legal infrastructure in order to assure Serbian financial sector becomes more inclusive. Watch ...

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