Tag Archives: Code of Conduct

Contribution of MFIs to the Sustainable Development Goals – Join an EaSI Technical Assistance Webinar!

The European Union is offering this webinar to microfinance institutions (MFI) interested to understand what is the role of the finance sector and in particular microfinance in the pursuit of the UN Sustainable Development Goals (SDGs). The webinar will take place on the 5 November 2020. The session will touch the connection between the SDGs and microfinance’s mission to support ...

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The updated European Code of Good Conduct for Microcredit Provision has been published

  The European Commission has updated the European Code of Good Conduct for Microcredit to reflect the changing market realities and capture the wide diversity of providers within the microfinance sector in Europe. It will enter into force on 1 January 2021. What are the amendments? The Code update is the result of a consultation in 2019 with key stakeholders, ...

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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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