MFC Shares Feedback on the Social Economy Action Plan Mid-Term Review  

As the European Commission undertakes its mid-term review of the Social Economy Action Plan (SEAP), the Microfinance Centre (MFC) has submitted its feedback, spotlighting the vital role of microfinance in building a fairer, greener, and more inclusive Europe. 

In our submission, we called, among other recommendations, for: 

• Stronger, more diversified funding mechanisms tailored to microfinance institutions, including equity solutions and local currency instruments. 

• Inclusion of microfinance in national SE strategies and EU-level frameworks. 

• EU-level regulatory framework based on the ECoGC after its revision and alignment with current market requirements. 

• Continued support for capacity-building programmes like SIFTA including ESG training, and impact measurement tools. 

• Standardized impact measurement frameworks and developing standardized tool to gather sector data 

• Simplified access to EU funds and harmonised reporting standards to reduce administrative burdens. 

We also highlighted best practices from across Europe, for example the Hellenic Development Bank’s Microfinance Fund, the Transform Together Fund for green and digital inclusion, European project for DLT funding for SME digitalisation to overcome the crisis. We would like to thank our members providing the feedback! 

We would also like to draw your attention to another feedback provided by Social Economy Europe (SEE), of which MFC is a member. It was our pleasure to participate in the SEE working group dedicated to the wide social economy sector’s feedback on SEAP. 

More information: 

Feedback from: Microfinance Centre (MFC) 

Feedback from: Social Economy Europe (SEE) 

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