Tag Archives: Code of Conduct

Nine microfinance institutions awarded under the European Code of Good Conduct for Microcredit Provision

On 13 February 2020, nine microfinance institutions were awarded the European Code of Good Conduct for Microcredit Provision, a quality label that promotes best practices within the microfinance sector. At the first Code Steering Group meeting of the year, nine more microfinance institutions were awarded the European Code of Good Conduct for Microcredit Provision (the “Code”). The Code provides a common set ...

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MFC Memeber NOA from Albania-Best Practice From The European Code of Good Conduct for Microcredit Provision

Since its establishment in 1998, NOA Sh.aAlbania (NOA) targets clients such as small businesses not served by banks in Albania. NOA is one of the largest microfinance institutions in the country, with 261 employees, 25 branches, 12,438 active clients and an outstanding loan portfolio of EUR 41m. With the support of EaSI Technical Assistance in 2017, NOA received a certificate ...

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EaSI Technical Assistance Webinar on the Regulations of the Financial Conduct Authority

On 13 January, the European Union is offering a webinar for microfinance institutions (MFI) interested in improving their organisational culture and conduct and aligning to the regulations of the Financial Conduct Authority. The Financial Conduct Authority (FCA) has replaced one of its standards – the Approved Persons Regime (APR) with a Senior Managers and Certification Regime (SM&CR) affecting all financial institutions regulated ...

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Awards and Announcements – Brussels Event of the European Microfinance Day #2019EMD

17 October 2019 was a special day for European microfinance. Organized jointly by Microfinance Centre and European Microfinance Network, Brussels Event gathered representatives of microfinance institutions’ and associations, who urge to constantly improve their services. This perpetual will for championing, keeping up with change and meeting the standards paid off: members of both MFC and EMN were awarded with European ...

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EaSI Technical Assistance to the European Microcredit Sector

Project description The European Programme for Employment and Social Innovation (henceforth “EaSI”) Technical Assistance will continue under the direct management of the European Commission – Directorate-General for Employment, Social Affairs and Inclusion. The EaSI Technical Assistance services support public and private financial intermediaries of the microfinance sector in Europe with a wide range of activities aimed at increasing the quality of ...

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MFC Activities under EaSI TA Programme Going Forward

The year had a great start for all activities under the EaSI Technical Assistance programme, aimed to support public and private financial intermediaries from the microfinance sector in Europe. In February, MFC as part of a consortium with the EMN led by Frankfurt School organized a study visit to bring MFIs from Bulgaria and Greece to Warsaw for two days. ...

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Six Microfinance Institutions Awarded Under the European Code of Good Conduct for Microcredit Provision

On 13 December 2018, the Code of Good Conduct Steering Committee decided to award six microfinance institutions the certificate of compliance with the Code, based on the results of the evaluations. The certificate is valid for three years. The awarded microfinance institutions were: NOA Sh.a. Albania, MFC member SIS Credit Bulgaria, MFC member FED Invest Albania, MFC member Confidi Terziario Emilia ...

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MFC’s 2018 Annual Highlights: Top Resources and Activities

What a busy and successful year 2018 was for the MFC! We are thrilled to bring you this review of our key activities and achievements. Enjoy and benefit from the resources we’ve prepared for you! This year, we’ve been working hard to help advance best practice and develop financial inclusion by: Supporting microfinance institutions digitalization: FinTech mapping: We conducted mapping studies ...

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EaSI Programme? It’s easy! Check out these top tips!

Oleg Moraru CEO, good.bee Credit (microfinance institution from Romania) is sharing with us top tips and tricks to using the different components of the EaSI Programme funded by the European Commission based on good.bee’s experience receiving its certification for compliance with the European Code of Good Conduct for Microcredit Provision, and the support it has had from the EaSI Guarantee Facility and EaSI Technical ...

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Update on the Process to Review the Code of Good Conduct for Microcredit Provision

The European Code of Good Conduct for Microcredit Provision is an instrument for ensuring quality standards in the European microfinance sector. It is a voluntary instrument, developed in response to the need for a unifying set of expectations and standards for the sector for the benefit of practitioners, customers, funders, investors, regulators and partner organisations. The purpose of the update ...

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