The transition period of the updated Code, published on 30 June 2020, will end on 31 December 2020. As of 1 January 2021, all new Code evaluations of microfinance institutions will be made based on the updated Code. In addition, the Code Steering Group, chaired by the European Commission, has adopted on 27 November 2020 the following changes regarding the ...

Deadline to take part in the survey extended until 11 December 2020   MFC would like to share with you a survey on the European Code of Good Conduct for Microcredit Provision (the Code). This survey will be feeding into a study, conducted by the University of Salford on behalf of the European Commission, focusing on the impact of the ...

News: Big THANK YOU and first impressions 7th Edition of the Borrow Wisely Campaign Has Started Right Now! #BorrowWisely is kicking off in TWO WEEKS!   Check out: BWC in pandemic – Participating Institutions – BWC basics – BWC last year   October will be a month of wise borrowing for the seventh time already! The campaign is growing and evolving, ...

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 ...

This paper summarizes the data collected by the Microfinance Centre (MFC) through a survey of microfinance institutions in Europe to assess the impact of COVID-19 crisis on the situation of microfinance institutions and their clients. The results show that while the pandemic touched all countries in the EU, the severity of its impact was markedly different, from very strong in ...

  Microfinance Centre is inviting you to watch two webinars where we will be presenting the findings of our research. The surveys aimed at assessing the impact of the pandemic both on microfinance institutions and their clients. READ THE SUMMARY PAPER   The results were presented by Kinga Dąbrowska and Justyna Pytkowska from MFC and their Guests. events took place ...

  Coronavirus: EIF and European Commission Launch New Covid-19 Measures Supporting Micro- and Social Enterprises Under the Eur 400m EaSI Guarantee Instrument Enhanced terms under the EaSI Guarantee Instrument to support micro- and social enterprises in response to COVID-19 Call for Expression of interest launched today available for intermediaries with a potential outreach to thousands of individual micro-borrowers as well ...

Take part in three public consultations! Consumer Credit Directive impact assessment & review (Deadline: 1 September 2020) Consumer credit agreements (where credit is granted to an individual) include unsecured loans, credit cards and hire purchase. The EU rules on consumer credit strengthen consumers’ rights and help them make informed decisions. This initiative reviews those rules, with a focus on issues ...

  Under the European Program for Employment and Social Innovation (EaSI), the European Commission has published a call for proposals for financial support for initiatives relating to social innovation entitled “Establishing and testing integrated interventions to support people in (most) vulnerable situations” (VP / 2020/003). This call for proposals aims to support existing or new partnerships in testing innovative approaches ...

  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, ...