Tag Archives: Financial Inclusion

Over 1 900 000 people reached by Borrow Wisely Campaign 2019! Join us in 2020 and spread the word about smart borrowing

How was BWC 2019? First of all: Congratulations to all of the participating institutions, You have done a great job! Client’s workshops and fairs, along with one-on-one meetings for borrowers organized at the MFI’s branches; educational materials distributed through on-line channels : websites and social media; many kinds of different events limited only by MFI’s/Associations’ imagination – that is how Borrow ...

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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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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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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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Georgia: Crystal Receives 4.1 million eur. Loan from European Investment Bank

The European Investment Bank (EIB) is providing a US dollar loan worth the equivalent of up to 4.1 million euros to JSC MFO Crystal- MFC Member, a leading microfinance company in Georgia. This operation will fund micro enterprises with fewer than 10 employees. They will receive loans of up to 25,000 euros that are geared towards women, young people and ...

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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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Public Consultation on European Social Fund Support to Social Inclusion

The Commission has launched a 12-week public consultation to evaluate the support to social inclusion by the European Social Fund in the 2014-2018 period. This evaluation will assess: how the European Social Fund (ESF) promotes social inclusion (integrating disadvantaged people into society and ensuring fairer life opportunities for all) and how it combats poverty/discrimination; structural reforms; the visibility, usefulness, relevance, value for ...

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