MFC Working Group works on the Code of Good Conduct for Microcredit Providers concluded

In January 2018 the Microfinance Centre initiated a working group with the objective to revise the EU Code of Good Conduct for Microcredit Providers clauses and provide recommendations to the European Commission based on practitioners knowledge and experience. The Working Group included:

• Adrien Gizon (Adie),
• Jelena Stojkovic (Agroinvest),
• Stephen Deakin (BCRS),
• Laura David (good.bee),
• Chiara Pescatori (Microfinanza Rating),
• Micol Guarneri (independent consultant)
• Kinga Dabrowska (MFC)

The Working Group held a series of online meetings in order to discuss what needs to be change, clarified several clauses to make the Code more clear and easier to understand and applicable to all microcredit providers in Europe.

As a result of these efforts the recommendations of the working group were submitted to the European Commission – DG EMPL in May 2018. The recommendations will serve as one of the inputs for the Commission to revise the Code and propose the necessary changes to reflect market realities and at the same time make it more understandable to the sector.

More about Code of Good Conduct for Microcredit Providers:

This activity has received financial support from the European Union Programme for Employment and Social Innovation “EaSI” (2014-2020). For further information please consult: http://ec.europa.eu/social/easi