First milestone of the update of the European Code of Good Conduct for micro-credit provision

The Directorate-General for Employment, Social Affairs and Inclusion of the European Commission will lead a process to update the European Code of Good Conduct for Microcredit Provision.

This activity, which is supported by microfinance experts Prof. Karl Dayson and Dr. Pål Vik from the University of Salford, will be organised in close collaboration with the European microfinance sector, among others by Microfinance Centre.

The Code provides a common set of ethical standards in terms of management, governance, risk management, reporting, and consumer and investor relations for the microfinance sector in the European Union for the benefit of customers, investors, funders, owners, regulators and partner organisations.

In this context, a workshop will take place in Bilbao during the MFC-EMN Annual Conference on 3 October 2018, where representatives from microfinance institutions and microfinance experts from all over Europe will meet to discuss the areas of the Code that need an update.

MFC submitted suggestions regarding the necessary Code changes earlier this year thanks to revision conducted by the MFC Members involved in the Working Group on the Code. The European Commission will take recommendations provided in the process of the Code review.


This initiative has received financial support from the European Union
Programme for Employment and Social Innovation “EaSI” (2014-2020).
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