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Eventi internazionali Calls

 

Scadenza Fonte Tipo Protocollo Titolo Link Tema
17/08/2016 IFAD Call   Scaling Up REmittances (SURE) https://www.ifad.org/en/what/operating_model/bid/tags/22877918 Within each objective, the Call addresses the following thematic areas: A.    Remittances as an instrument to financial inclusion Thematic area A1: Increasing access to remittance services in rural areas Thematic area A2: Promoting the use of adapted financial products linked to remittances B.    Promoting and mainstreaming migrant investments Thematic area B1: Financial investment mechanisms and instruments for migrants Thematic area B2: Migrant entrepreneurship in countries of origin. C.    Cross-cutting objectivesThematic area C: Open thematic area (Applications in this category may propose innovative approaches addressing cross-cutting issues or aiming at delivering public goods useful for all stakeholders)
30/06/2016 EC - DG EMPL Call VP/2016/001 Support for social dialogue http://ec.europa.eu/social/main.jsp?catId=629&langId=en&callId=477&furtherCalls=yes Objectives of this call include measures and initiatives related to the adaptation of social dialogue to changes in employment and work related challenges, such as addressing modernisation of the labour market, job creation and job matching, quality of work, anticipation, preparation and management of change and restructuring, digitalisation of the economy and society, the greening of the economy, flexicurity, skills, (intra-EU) labour mobility, migration, youth employment, health and safety at work, modernisation of social protection systems, reconciliation of work and family life, gender equality, action in the field of anti-discrimination, active ageing, healthier and longer working lives, active inclusion and decent work.
16/09/2016 EC - DG EMPL Call VP/2016/012 EaSI-Progress - Call for proposals for operating grants open to EU-level NGO networks having signed a framework partnership agreement for 2014-2017 and being active in the area of social inclusion and poverty reduction or microfinance and social enterprise finance http://ec.europa.eu/social/main.jsp?catId=629&langId=en&callId=495&furtherCalls=yes This call for proposals aims at providing operating grants for 2017 under the Framework Partnership Agreements (FPA) concluded for the period 2014-2017 to provide for long-term cooperation between the European Commission and EU-level NGO networks. The FPAs were signed at the end of the 2013 following the call for proposals VP/2013/006 for framework partners. They set out the framework conditions governing potential operating grants and encompass a quadrennial strategic action plan proposed by the EU-level NGO networks and accepted by the European Commission. FPAs were concluded with: − European level networks active in the promotion of social inclusion and poverty reduction, or − European level networks active in the promotion of access to finance (microfinance and social enterprise finance). Regarding the description of the policy context, the definition of priorities and potential specific agreements for operating grants, this call refers to these two groups of network separately.
             

Eventi internazionali Reports

 

Data Fonte Tipo Autore Titolo Link Argomento
01/12/2016 EC Report N/A Social Agenda: Youth Guarantee, releasing its full potential http://ec.europa.eu/social/main.jsp?catId=737 The EU Youth Guarantee has got off to a good start: in 2014 and 2015, it made a difference in the lives of more than 9 million young people across Europe and it is driving in-depth structural reforms in the Member States. Social Agenda n°46 explains how and highlights what more needs to be done to accelerate and release the full potential of the national plans for implementing the Youth Guarantee. With a blueprint of a European Pillar of Social Rights due for adoption in 2017, Social Agenda also explains the context in which this initiative was born. And it puts the spotlight on plans to achieve more evidence-based social policy making by modernising the way data from social surveys is collected and used across the EU.
01/12/2016 EMN/MFC Report Fabrizio Botti Diego Luigi Dagradi Luca Maria Torre Microfinance in Europe: A Survey of EMN-MFC Members http://mfc.org.pl/mfcwp/wp-content/uploads/2016/12/ExecutiveSummary_EN.pdf The results of this edition show that demand has never been higher for Microfinance in Europe (in 2015, surveyed institutions served 747,265 active borrowers and the gross microloan portfolio outstanding reached EUR 2.5 billion). Additionally, the industry is improving its institutional capacity to meet this demand; overall, the financial performance data collected shows an increasingly robust and sustainable sector.
01/11/2016 UNHCR Report Social Performance Task Serving Refugee Populations: The Next Financial Inclusion Frontier http://sptf.info/images/RefugeeWG-Serving-Refugee-Populations-Guidelines-FSPs-Lene-Hansen.pdf These guidelines seek to examine why refugee populations are financially excluded and how financial service providers can successfully reach and serve this untapped financial market segment
29/09/2016 Elgar Publishing Book Rune Halvorsen, Bjørn Hvinden Combating Poverty in Europe. Active Inclusion in a Multi-Level and Multi-Actor Context http://www.e-elgar.com/shop/combating-poverty-in-europe Discovering methods to combat poverty and social exclusion has now become a major political challenge in Europe. This book offers an original and timely analysis of how actors at the European, national and subnational levels meet this challenge. Combining perspectives on multilevel and network coordination, the editors discuss to what extent actors join forces in these efforts and identify the factors limiting the coordination achieved in practice. The book builds on a European study comparing Germany, Italy, Poland, Sweden and the UK.
01/09/2016 McKinsey Report James Manyika, Susan Lund , Marc Singer Digital Finance For All: Powering Inclusive Growth In Emerging Economies https://www.microfinancegateway.org/sites/default/files/publication_files/mg-digital-finance-for-all-full-report-september-2016.pdf Financial services are the lifeblood of an economy, enabling households and businesses alike to save, invest, and protect themselves against risk. Yet in many emerging economies today, the majority of individuals and small businesses lack access to even basic savings and credit products, which hinders economic growth and perpetuates poverty. Digital technologies starting with a mobile phone have the potential to resolve this problem.
08/08/2016 The World Bank Group Report Cull R., Demirguc Kunt A., Morduch J. The microfinance business model: enduring subsidy and modest profit  http://documents.worldbank.org/curated/en/404501470669620154/The-microfinance-business-model-enduring-subsidy-and-modest-profit Recent evidence suggests only modest social and economic impacts of microfinance. Favourable cost-benefit ratios then depend on low costs. This paper uses proprietary data on 1,335 microfinance institutions between 2005 and 2009, jointly serving 80.1 million borrowers, to calculate the costs of microfinance and other elements of the microfinance business model. It calculates that on average, subsidies amounted to $132 per borrower, but the distribution is highly skewed. The median microfinance institution used subsidies at a rate of just $26 per borrower, and no subsidy was used by the institution at the 25th percentile. These data suggest that, for some institutions, even modest benefits could yield impressive cost-benefit ratios. At the same time, the data show that the subsidy is large for some institutions. Counter to expectations, the most heavily-subsidized group of borrowers is customers of the most commercialized institutions, with an average of $275 per borrower and a median of $93. Customers of nongovernmental organizations, which focus on the poorest customers and women, receive a far smaller subsidy: the median microfinance nongovernmental organization used subsidy at a rate of $23 per borrower, and subsidy for the nongovernmental organization at the 25th percentile was just $3 per borrower.
01/06/2016 EIF Report Helmut Kraemer-Eis, Frank Lang, Wouter Torfs, Salome Gvetadz European Small Business Finance Outlook http://www.eif.org/news_centre/publications/eif_wp_35.pdf This European Small Business Finance Outlook (ESBFO) provides an overview of the main markets relevant to EIF (equity, guarantees, securitisation, microfinance). It is an update of the ESBFO December 2015. We start by discussing the general market environment, then look at the main aspects of equity finance and the guarantees/SME Securitisation (SMESec) market. Finally, before we conclude, we briefly highlight important aspects of microfinance in Europe. Chapter on microfinance from page 67-82.
07.03.2016 Finance Outlook Blog Nina Vucenik Financial inclusion of women in five charts http://blogs.worldbank.org/psd/financial-inclusion-women-five-charts One billion women – more than 40% of the women around the world – don’t have access to formal financial services, according to Global Findex [5]. The gender finance gap remains at 9% in developing countries, although in some parts of the world it is much higher, according to the 2014 Global Findex [6] data. Women are 20% less likely than men to have a bank account and 17% less likely to have borrowed money formally.
07.01.2016 European Commission Report N/A Mid-term evaluation of the "EU programme for employment and social innovation – EaSI" http://ec.europa.eu/smart-regulation/roadmaps/docs/2016_empl_010_easi_mid-term_evaluation_en.pdf The purpose of the European Union Programme for Employment and Social Innovation (EaSI) midterm evaluation is to ‘measure, on a qualitative and quantitative basis, progress made in meeting the Programme's objectives, to address the social environment within the Union and any major changes introduced by Union legislation, to determine whether the resources of the Programme have been used efficiently and to assess its Union added value.’ (Art. 13(1) of the EaSI Regulation No. 1296/2013 of 11 December 2013)
02/03/2016 EC - fi compass Report Mauro Terzoni Financial Instruments under ESF in Marche Region – Loan of Honour https://www.fi-compass.eu/sites/default/files/publications/Presentation_20160203_Brussels_Mauro_Terzoni_MARCHE.pdf Loan of Honour (microcredit) backed by a guarantee scheme to promote entrepreneurship, offering jobless individuals the resources and training needed to set up a business. ESF, Regional Axis Employability. The project has been developed over the course of three cycles(2006-2008, 2010-2012 and 2013-2015) in two programming period (2000-2006 and 2007-2013). Sectors of interventions: production of goods/manufacturing, trade and services.
29/02/2016   Report Sebastiano Sabato & Gert Verschraegen The usage of EU resources in local social innovation http://improve-research.eu/ This paper investigates a) how resources provided by the European Union (EU) have been used in socially innovative initiatives implemented at the local level, b) what has been their added value and c) which difficulties local actors have encountered when accessing and using these resources. This study is based on the analysis of sixteen socially innovative initiatives implemented in five Member States (Austria, Belgium, Italy, Sweden and the UK) and concerning three policy areas: Roma inclusion (notably, education-related initiatives), homelessness and housing exclusion (Housing First), and labour market activation.
31/01/2016 The Microfinance Centre (MFC) Report N/A Of Mice And Unemployed: Rethinking Micro-Enterprise And Small Business Policies in the EU http://www.mfc.org.pl/sites/mfc.org.pl/files/MFC%20Policy%20Paper%203%20on%20Enterprise%20Policies_0.pdf Persistent high unemployment in many EU countries prompts governments to seek new job creation options. Promoting jobs through self-employment and small businesses is an alternative strategy that carries high hopes and attracts a lot of policy attention on the theory that small businesses create the majority of jobs in the economy. However, despite the widespread support for small business start-ups – from entry to the growth dynamics in the first years of their existence – their role for job creation is not well understood and the policies may be following the wrong prescriptions. The paper discusses the complex relationships between firms size and job creation in the EU which shows that there is a need to better understand the dynamics of the job creation and destruction process. Evidence rather than erroneous beliefs should guide small enterprise development, including financing micro and small businesses through microcredit to make them effective for job creation.
14/01/2016 EU Social Protection Committee Report N/A Review of recent social policy reforms. 2015 Report of the Social Protection Committee http://www.age-platform.eu/age-publications-and-other-resources/other-publications/2890-review-of-recent-social-policy-reform-report-of-the-social-protection-committee-2015  
11/01/2016 EC - DG EMPL Report N/A Good practices under EaSI funded projects - 3rd Commission report http://ec.europa.eu/social/main.jsp?langId=en&catId=89&newsId=2364&furtherNews=yes  
11/01/2016 EU - DG EMPL Report Viltė Banelytė, Haroldas Brožaitis Monitoring good practices in the area of employment, social affairs and inclusion Examples of funds employed by DG EMPL 2012-2015 https://ec.europa.eu/epale/en/resource-centre/content/monitoring-good-practices-areas-employment-social-affairs-and-inclusion-0  
11/01/2016 EU DG EMPL Report Viltė Banelytė, Haroldas Brožaitis Monitoring good practices in the area of employment, social affairs and inclusion Examples of funds employed by DG EMPL 2012-2015 https://ec.europa.eu/epale/en/resource-centre/content/monitoring-good-practices-areas-employment-social-affairs-and-inclusion-0  
31/12/2015 The World Bank Group Report N/A Financing for Development - Using Independent Evaluation to Turn Aspirations into Achievements http://ieg.worldbankgroup.org/Data/reports/F4D_Final_Web_0.pdf  
31/12/2015 Brookings Report Michael Faye and Paul Niehaus Ending Poverty with Electronic Payments http://www.brookings.edu/~/media/Programs/global/bbr2015/FayeNiehausEndingPovertywithElectronicPayments.pdf?la=en  
31/12/2015 CGAP Report N/A Global Bodies and Financial Inclusion http://www.cgap.org/topics/global-bodies-and-financial-inclusion  
31/12/2015 European Commission Report N/A 2014 Social Protection Performance Monitor (SPPM) dashboard results http://ec.europa.eu/social/main.jsp?catId=738&langId=it&pubId=7823  
31/12/2015 OECD, European Commission Report N/A Policy Brief on Youth Entrepreneurship http://www.oecd.org/cfe/leed/Youth%20entrepreneurship%20policy%20brief%20EN_FINAL.pdf  
31/12/2015 European Commission Report N/A Monitoring good practices in the areas of EMPLOYMENT, SOCIAL AFFAIRS AND INCLUSION http://ec.europa.eu/social/main.jsp?catId=738&langId=en&pubId=7727  
31/12/2015 European Microfinance Network Report Anastasia Cozarenco Microfinance Institutions and Banks in Europe: The story to date http://www.european-microfinance.org/docs/emn_publications/emn_research_papers/research_3.pdf  
31/12/2015 UNCDF United Nations Capital Development Fund Report Amani Mbale, Isaac Holly Ogwal Uganda’s Tea Payments Profile http://www.uncdf.org/en/uganda%E2%80%99s-tea-payments-profile-opportunity-digital-financial-services  
31/12/2015 European Microfinance Platform Report N/A 6th European Microfinance Award Microfinance in Post-Disaster, Post-Conflict Areas and Fragile States http://www.e-mfp.eu/european-microfinance-week-2015/6th-european-microfinance-award  
31/12/2015 Microfinance working group Report Barry Firth Over-Indebtedness: A Risk Management Approach http://microfinanceceoworkinggroup.org/wp-content/uploads/2014/05/Over-Indebtedness-A-Risk-Management-Approach.pdf  
15/12/2015 European Parliament Report Plura, Marek REPORTon skills policies for fighting youth unemployment (2015/2088(INI)) http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-%2F%2FEP%2F%2FTEXT%2BREPORT%2BA8-2015-0366%2B0%2BDOC%2BXML%2BV0%2F%2FEN&language=EN  
15/12/2015 European Parliament Report Ribeiro, Sofia DRAFT REPORT on European Semester for economic policy coordination: Employment and Social Aspects in the Annual Growth Survey 2016 (2015/2330(INI)) http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-573.167+01+DOC+PDF+V0//EN&language=PL  
30/11/2015 MIX Report N/A Assessing Green Microfinance http://www.themix.org/node/1815  
30/11/2015 European Commission Report A. Tajani Il segreto del successo 2014-2015 http://bookshop.europa.eu/en/the-secret-of-success-2014-2015-pbEA0214708/?CatalogCategoryID=C5gKABstvcoAAAEjZJEY4e5L  
20/11/2015 European Microfinance Platform Report Mendelson S. Forcella D., Gurgoz Y., Rozas D.and Erice G. 6th European Microfinance Award Microfinance in Post-Disaster, Post-Conflict Areas and Fragile States Resilience and Responsibility http://www.e-mfp.eu/european-microfinance-week-2015/6th-european-microfinance-award The 2015 European Microfinance Award on Microfinance in Post-Disaster, Post-Conflict Areas & Fragile States highlights another assumption being torn down. It’s common knowledge that banking requires stability and predictability – After a major natural disaster, banks will struggle to collect on existing loans, let alone disburse new ones. When faced with persistent terrorist attacks or even an active civil war, banks must close branches, not open new ones. This paper portrays the experience of MFI's which had to face the problem.
30/10/2015 EAPN Conference Report N/A Can the semester deliver on poverty and partecipation? http://www.eapn.eu/en/news-and-publications/news/eapn-news/eapn-2015-annual-policy-conference-can-the-semester-deliver-on-poverty-and-participation  
30/10/2015 Social Protection Committee Indicators Sub-group Report N/A Portfolio Of EUSocial Indicators For The Monitoring Of Progress Towards The EU Objectives For Social Protection And Social Inclusion http://ec.europa.eu/social/BlobServlet?docId=14897&langId=en  
30/10/2015 European Commission Report N/A Social Agenda: A pathway back to work http://ec.europa.eu/social/main.jsp?langId=it&catId=101&newsId=2367&furtherNews=yes  
21/10/2015 EIF Report Aguglia R. EaSI Microfinance and Social Enterprises https://www.fi-compass.eu/sites/default/files/publications/presentation_20151021_rome_esf_Ricardo_Aguglia.pdf  
21/10/2015 Finlombarda Report Zaggia P. JEREMIE FSE LOMBARDIA https://www.fi-compass.eu/sites/default/files/publications/presentation_20151021_rome_esf_Paolo_Zaggia.pdf  
21/10/2015 Marche Region Report Terzoni M. Financial instruments under the ESF in Marche Region –Loan of Honour https://www.fi-compass.eu/sites/default/files/publications/presentation_20151021_rome_esf_Mauro_Terzoni.pdf  
21/10/2015 Sicily Region Report Palermo G. Fondo Jeremie Sicilia FSE https://www.fi-compass.eu/sites/default/files/publications/presentation_20151021_rome_esf_Gianluca_Palermo.pdf  
21/10/2015 European Commission Report Da Pozzo A. Financial Instruments for delivery of the ESF https://www.fi-compass.eu/sites/default/files/publications/presentation_20151021_rome_esf_Andrea_Da_Pozzo.pdf  
21/10/2015 European Commission Report Robino B. Piattaforma di advisory per gli strumenti finanziari nell’ambito del Fondo Sociale Europeo https://www.fi-compass.eu/sites/default/files/publications/presentation_20151021_rome_esf_Bruno_Robino.pdf  
20/10/2015 EURICSE Report Eddi Fontanari and Carlo Borzaga Do Co-operatives Really Pay Less in Taxes? http://www.euricse.eu/do-co-operatives-really-pay-less-in-taxes/  
30/09/2015 Symbiotics Report N/A Symbiotics Microfinance Investment Vehicle Survey http://www.symbioticsgroup.com/news/latest-news/symbiotics-publishes-its-9th-annual-microfinance-investment-vehicles-survey  
30/09/2015 World Bank Group Report Fe. Carpena, S. Cole, J. Shapiro, B. Zia The ABCs of Financial Education Experimental Evidence on Attitudes, Behavior, and Cognitive Biases http://documents.worldbank.org/curated/en/2015/09/25050693/abcs-financial-education-experimental-evidence-attitudes-behavior-cognitive-biases  
25/09/2015 FASI   Bonucci M. Ue mappa gli investimenti, Italia assente, Startup    
23/09/2015 EC, DG EMPLOYMENT Report N/A EGF Key Achievements 2013-2014 http://ec.europa.eu/social/main.jsp?catId=326&furtherPubs=yes&langId=en  
23/09/2015 ANSAMed     Expo: social agriculture and microcredit    
18/09/2015 www.microcapital.org     Special Report On “Microfinance in Crisis,” an Interview with Edvardas Bumsteinas of the European Investment Bank    
17/09/2015 European Commission Council Recommendation European Commission On the integration of the long-term unemployed into the labour market, COM(2015) 462 final    
17/09/2015 European Commission   EC, DG Employment, Social Affairs & Inclusion Europe takes action to help 12 million longterm unemployed get back to work    
16/09/2015 Local Business _ lancasteronline.com Article Tim Stuhldreher A cloud over transparency in microfinance    
16/09/2015 The World Bank   The World Bank World Bank Supports More Competitive Economy and Job Creation in Serbia    
09/09/2015 European Commission Employment, Social Affairs & Inclusion Report N/A Performance Monitoring Report of the European Union Programme for Employment and Social Innovation (EaSI) 2014  http://ec.europa.eu/social/main.jsp?catId=1081&langId=en&furtherPubs=yes  
09/09/2015 European Commission   EC, DG Employment, Social Affairs & Inclusion Entrepreneurship: an avenue back to work for all?    
02/09/2015 The Economic Times   Shilpa E. Youngsters are job seekers not job creators_ Muhammad Yunus, founder Grameen Bank    
27/08/2015 FASI www.fasi.biz Teofili C. Erasmus+ - Istruzione superiore, Italia partecipa a capacity building    
24/08/2015 European Commission   EC EU invests €34 million in the border regions of Croatia and Serbia    
17/08/2015 Planet Finance Report Tyler Aveni New Insights Into An Evolving P2P Lending Industry: how shifts in roles and risk are shaping the industry http://planetfinancechina.org/new-insights-into-an-evolving-p2p-lending-industry-how-shifts-in-roles-and-risk-are-shaping-the-industry/  
20/07/2015 La Croix   Hugues S. Affaire Uber : économie collaborative et économie coopérative ne sont pas synonymes    
07/07/2015 OECD/EC Report N/A The Missing Entrepreneurs 2015. Policies For Self-Employment and Entrepreneurship http://www.oecd-ilibrary.org/employment/the-missing-entrepreneurs-2015_9789264226418-en  
30/06/2015 European Commission Report Denis Bouget, Hugh Frazer and Eric Marlier, with Ramón Peña-Casas and Bart Vanhercke Integrated support for the long-term unemployed A study of national policies http://ec.europa.eu/social/main.jsp?langId=en&catId=89&newsId=2271  
11/06/2015 FASI   Sando V. Erasmo + Master Loans, FEI e Microbank primo accordo per prestiti a studenti    
31/03/2015 Univerzitet „Goce Delčev” - Štip Master Thesis Meri Karčova Faktori Koi Vlijaat Na Rastot Na Malite Pretprijatija http://eprints.ugd.edu.mk/12912/1/%D0%9C%D0%B0%D0%B3%D0%B8%D1%81%D1%82%D1%80%D0%B0%D1%82%D1%83%D1%80%D0%B0%20-%20%D0%9C%D0%B5%D1%80%D0%B8%20%D0%9A%D0%B0%D1%80%D1%87%D0%BE%D0%B2%D0%B0.pdf  
24/02/2015 CGAP Report Mayada El-Zoghbi, Kaylene Alvarez Costs and Sustainability of Sharia-Compliant Microfinance http://www.cgap.org/publications/costs-and-sustainability-sharia-compliant-microfinance Lessons from BAB and Wasil demonstrate that institutions that are committed to offering shariacompliant services can do so sustainably, but significant up-front investments are needed. The biggest investment is in the institution itself: FSPs need trained staff, new operational models, knowledge of the industries they aim to serve, and in the case of salam contracts, access to the infrastructure and contacts needed to store and sell the commodities contracted. Making these kinds of investments is a serious decision for any institution, one that should not be entered into lightly.
16/02/2015 FASI Report Lamboglia A. Erasmus+_ FEI e Commissione Ue lanciano Master Loans per studenti    
30/09/2014 Südwind - Institut für Ökonomie und Ökumene Report Schneeweiß A. Jenseits von Mikrokrediten Antje Schneeweiß Geldanlagen und Entwicklungsförderung http://www.suedwind-institut.de/fileadmin/fuerSuedwind/Publikationen/2014/2014-20_Jenseits_von_Mikrokrediten.pdf  
15/02/14 WSBI Report N/A Asequibilidad, Sostenibilidad Y Los Límites A La Proximidad http://www.savings-banks.com/SiteCollectionDocuments/Proximity.%20Affordability,%20Sustainability%20and%20the%20limits%20to%20Proximity%20(SP.%20short%20version).pdf  
31/12/2013 Microfinance in Crisis Project Report Afonso Joana Loan officers and preventing overindebtedness – the case of Banco ADOPEM http://www.microfinance-in-crisis.org/wp-content/uploads/Research-and-Policy-Brief_8.pdf  
             

Eventi internazionali Press

 

Date Source Type Author Title Link Subject
08/01/2017 South China Morning Post Article N/A China Rapid Finance to triple number of users on its consumer lending platform http://www.scmp.com/business/money/article/2059993/china-rapid-finance-triple-number-users-its-consumer-lending-platform China Rapid Finance (CRF), the mainland’s largest online consumer lending platform, is looking to triple the number of users this year as it looks to create a business on par with a major commercial bank’s credit card division. Zane Wang Zhengyu, founder and chief executive of CRF, told the South China Morning Post that the company would be impervious to the challenges facing other peer to peer (P2P) operators on the mainland, and would continue to bolster its microcredit businesses in accordance with Beijing’s financial reforms.
23/12/2016 EFSE Press Release N/A RON 4.5 million loan will increase access to finance for small farmers in Romania http://www.efse.lu/news-events/news/detail/efse-expands-partnership-with-patria-credit/ The European Fund for Southeast Europe (EFSE) has lent RON 4.5 million (EUR 1 million) to Patria Credit IFN SA to finance micro and small agricultural businesses and farmers in rural Romania. EFSE Board Chairman Christoph Tiskens said: “The EFSE’s latest investment in Patria Credit marks a decade of successful partnership and an ongoing joint effort of supporting small farms and businesses to create and sustain jobs in rural Romania.” Patria Credit General Manager Marian Tetici said: “We are very committed to the long term and successful partnership with EFSE and to building further towards financial inclusion, local development and the growth of small companies and individuals in the rural areas of our country.”
22/12/2017 EU-EIF Press Release N/A EIF and European Commission launch new capacity building initiative for microcredit and social finance providers https://www.neweurope.eu/press-release/eif-and-european-commission-launch-new-capacity-building-initiative-for-micro-credit-and-social-finance-providers/ The European Investment Fund (EIF) and the European Commission are announcing a new initiative to help microcredit and social enterprise finance providers develop their businesses under the EU Programme for Employment and Social Innovation (EaSI). The new ‘EaSI Capacity Building Investments Window’ will reinforce the capacity of selected financial intermediaries in the areas of microfinance and social enterprise finance. Through equity investments (such as seed financing, risk capital) mostly, EIF will support the development of these finance providers, for instance by opening a new branch, investing in human resources, developing a new IT tool or financing certain expenses. Ultimately, these investments will help increase the offer and opportunities for micro-borrowers and social enterprises.
12/12/2016 The Washington Post Article Robert Gebelhoff Microcredit isn’t dead https://www.washingtonpost.com/news/in-theory/wp/2016/12/12/microcredit-isnt-dead/?utm_term=.61c693528893 Nuance in the data points to hope that microcredit has a place yet in development economics. Paired with other development tools that economists are raving about — such as giving grants directly to impoverished communities — microlending can offer a sustainable investment option for small entrepreneurs, leading to a renewal in its mission to fight extreme poverty.
10/12/2016 BIO MED Central Blog article Laura Cordisco Tsai A microfinance program for women working in sex work: Does it impact women’s experiences of violence? http://blogs.biomedcentral.com/bmcseriesblog/2016/12/09/microfinance-program-women-working-sex-work-impact-womens-experiences-violence/ Researchers and practitioners have looked to microfinance programs as one approach to promote economic security and reduce sexual risk behavior of women working in sex work. However, concern exists about the impact of microfinance participation on women’s risk for violence. Some research studies have found that participating in microfinance programs heightens women’s risk for violence, while others have found that microfinance participation protects women from violence. The impact of microfinance participation on women’s experiences of violence appears to vary per the cultural context.
05/12/2016 EMN Press Release N/A European microfinance sector reached outstanding gross microloan portfolio of EUR 2.5 billion in 2015, serving 747,265 active borrowers. http://www.european-microfinance.org/index.php?rub=publications&pg=microfinance-overview-surveys&spg=survey_report_2014_2015 Data shows that microfinance in Europe is gradually being consolidated as an essential tool of social policy for the promotion of self-employment, microenterprise support and the fight against social and financial exclusion. Going beyond the figures, there are in fact men and women who are willing to take control of their futures with the help of microfinance institutions
01/12/2016 Linkedin Article Monica Rita Salgado Fernandez NEW Survey on the Access to Finance of Enterprises (SAFE)! https://www.linkedin.com/pulse/new-survey-access-finance-enterprises-safe-salgado-fernandez-1?trk=prof-post Access to finance in general is not the main challenge for enterprises. In 2016 it’s only a problem for 9%, compared to 16% in 2009 and 10% in 2015. The top 3 most important problems the SMEs are facing are: finding customers (for 25% of them), availability of skilled staff or experienced managers (20%) and competition (13%).
24/11/2016 Linkedin Article Monica Rita Salgado Fernandez Commission gives boost to start-ups in Europe https://www.linkedin.com/pulse/commission-gives-boost-start-ups-europe-monica-rita-salgado-fernandez?trk=prof-post The Commission's Startup and Scaleup Initiative aims to give Europe's many innovative entrepreneurs every opportunity to become world leading companies. It pulls together all the possibilities that the EU already offers and adds a new focus on venture capital investment, insolvency law and taxation.
15/11/2016       EFSE DF provides business mentoring for 30 start-ups in Bosnia and Herzegovina http://www.efse.lu/news-events/news/detail/efse-df-provides-business-mentoring-for-30-start-ups-in-bosnia-and-herzegovina/ The Development Facility of the European Fund for Southeast Europe (EFSE DF) is funding 50 hours of business advice for each of 30 startups in Bosnia and Herzegovina in partnership with the Sarajevo Economic Region Development Agency (SERDA), who is providing the mentors.
04/11/2016 CGAP Article N/A Can Digital Financial Services Turbocharge Financial Inclusion? https://www.microfinancegateway.org/library/can-digital-financial-services-turbocharge-financial-inclusion There has been much hype of the ability of digital financial services (DFS) to turbocharge financial inclusion. We all saw an opportunity to significantly reduce the costs of delivering a range of financial services, and an opportunity to finally make the business case for mass market deposit mobilization
25/10/2016 European Commission News N/A Social enterprises gaining ground in Europe http://ec.europa.eu/social/main.jsp?langId=en&catId=89&newsId=2649&furtherNews=yes The number of social enterprises in Europe is increasing and they are engaging in new fields. Many countries are introducing new legislation as well as new support schemes to boost the development of social enterprises. Both public and private markets offer new opportunities for social enterprises to start up and grow, reveals a new report published by the European Commission.
24/10/2016 EFSE Press Release N/A EFSE and Mikrofin expand partnership in Bosnia and Herzegovina http://www.efse.lu/news-events/news/detail/efse-and-mikrofin-expand-partnership-in-bosnia-and-herzegovina/ The European Fund for Southeast Europe (EFSE) said today it will lend EUR 6 million to the microcredit company Mikrofin d.o.o. (Mikrofin) to increase support for agricultural enterprises in Bosnia and Herzegovina. Mikrofin focuses on agricultural producers and has been an EFSE partner since its inception. In this period Mikrofin placed over EUR 70 million from EFSE credit lines to small entrepreneurs and agro‐producers. With 72 offices, the company is the largest microfinance organisation in Bosnia and Herzegovina.
21/10/2016 Public Affairs Bruxelles news N/A First microfinance deal in Belgium under EU Programme for Employment and Social Innovation http://www.pubaffairsbruxelles.eu/first-microfinance-deal-in-belgium-under-eu-programme-for-employment-and-social-innovation-european-commission-daily-news/ This new EaSI guarantee agreement with microStart covers a loan portfolio of €15 million for micro-borrowers in Belgium. microStart will launch a new loan product – mS Scale Up, targeting a large spectrum of micro-loan products for micro-entrepreneurs seeking to further develop their businesses. This new product will offer longer maturities and higher maximum loan amounts.
20/10/2016 European commission News N/A Evaluating the EU programme for Employment and Social Innovation launch of an open consultation http://ec.europa.eu/social/main.jsp?langId=en&catId=1081&newsId=2650&furtherNews=yes The European Commission has launched a public consultation in the context of the midterm evaluation of the EU Programme for Employment and Social Innovation (EaSI). The consultation seeks feedback from stakeholders and participants or beneficiaries involved in the EaSI programme during the 2014-2016 period, but citizens and other organisations are also welcome to contribute. This public consultation will not only help to assess the relevance, effectiveness, efficiency, coherence and the EU added value as well other aspects of the programme, but also to shape the future of the EaSI. It is expected that this open public consultation will provide valuable input to the future development of the EaSI programme
18/10/2016 Financial Times News Gill Plimmer Microfinance: creativity against poverty https://www.ft.com/content/ab156106-8ee3-11e6-a72e-b428cb934b78 Yunus was in London a few months ago to promote his business to leading philanthropists. But the city, despite being a hub for international finance, has remained stubbornly resistant to his microfinance movement — even though he says he has met more government officials and finance executives in the UK than in other, more receptive countries, such as France and Germany.
12/10/2016 MFC News N/A Financing start-ups and social outcomes measurement http://mfc.org.pl/financing-start-ups-and-social-outcomes-measurement/ In a time of economic slow-down, the idea of financing start-up enterprises in the EU is quite alluring. As such, start-ups (enterprises in early stages of development, generally less than 2 years old) are high on European Commission’s agenda. For this reason, the MFC is taking a deep dive on how microfinance can support start-ups. We will examine existing practices in the marketplace, define good practice and, most importantly, analyse the possible impact of microfinance institutions on start-ups.
11/10/2016 EFSE News Eric Culp EFSE DF, National Bank of the Republic of Macedonia provide guidebooks for informed financial decision making http://www.efse.lu/news-events/news/detail/efse-df-national-bank-of-the-republic-of-macedonia-provide-guidebooks-for-informed-financial-decision-making/ The Development Facility of the European Fund for Southeast Europe (EFSE DF) and the National Bank of the Republic of Macedonia (NBRM) have developed three educational booklets: "From Denars to dreams!", "What should we know before taking a loan?" and "Do you manage your money or is it your money that manages you?" for the Macedonian market.
06/10/2016 Wharton High School News N/A A Shanghai Student Perseveres in His Quest to Provide Funding for the Poor http://kwhs.wharton.upenn.edu/2016/09/shanghai-student-perseveres-quest-provide-funding-poor/ Yeop Lee, 16, is a high school senior at Shanghai American School in Shanghai, China. Lee and a few friends decided last year to start a microfinance organization to help alleviate poverty in China. As Lee describes in this KWHS summer essay, the process has not been without its challenges.
04/10/2016 European Commission Press Release N/A The Youth Guarantee and Youth Employment Initiative three years on http://europa.eu/rapid/press-release_IP-16-3216_en.htm The Youth Guarantee has become a reality across the EU. 14 million young people have entered Youth Guarantee schemes since January 2014. Around nine million young people took up an offer, the majority of which were offers of employment. Almost two thirds of young people who left the Youth Guarantee in 2015 took up an offer of employment, education, traineeship or apprenticeship.
03/10/2016 IMF Press Release Bruno Pierre Silvestre IMF Releases the 2016 Financial Access Survey, A Key Tool to Foster Financial Inclusion http://www.imf.org/en/News/Articles/2016/10/03/PR16441-IMF-Releases-the-2016-Financial-Access-Survey The International Monetary Fund (IMF) released today the results of the seventh annual Financial Access Survey (FAS). The FAS is a key source of data on financial inclusion, providing insights on the availability and use of financial products such as deposit accounts, loans, and insurance policies by individuals and firms across the globe. The information is based on administrative data that is collected from both traditional financial service providers like commercial banks, microfinance institutions, or other deposit-taking institutions, and providers of digital financial services such as mobile money.
01/10/2016 CGAP News Na What Lies Behind the Persistent Financial Inclusion Gender Gap CGAP https://www.microfinancegateway.org/library/what-lies-behind-persistent-financial-inclusion-gender-gap Despite increasing worldwide financial inclusion rates and a “massive drop” of 20% in the number of unbanked individuals from 2011 to 2014, Global Findex data shows that the gender gap in account ownership has not improved over the same time period. In developing countries, 9% more men than women have bank accounts - a figure that has remained steady even as financial inclusion rates go up.
01/10/2016 Microfinance Centre (MFC) News N/A MicroStart and Taysir launch distance learning for micro-entrepreneurs! http://mfc.org.pl/adie-microstart-and-taysir-launch-distance-learning-for-micro-entrepreneurs/ Three microfinance institutions (MFIs), namely Adie in France, microStart in Belgium and Taysir in Tunisia launch together an online training facility addressed to future micro entrepreneurs
05/09/2016 China Daily News Wang Yanfei Technology can expand access to finance http://www.chinadaily.com.cn/business/2016hangzhoug20/2016-09/05/content_26697257.htm  
25/08/2016 Reuters News E. Tham, S. Navaratnam Supervision of micro-finance should tighten: China cbank official-Caixin http://www.reuters.com/article/china-banks-idUSL3N1B61Z4 China should tighten its supervision of the micro-finance industry to guard against risks to financial stability, Chinese news outlet Caixin reported China central bank vice governor Chen Yulu saying at a Beijing conference on Thursday. Chen's comments come after the country's banking regulator on Wednesday released detailed rules to curb an unruly peer-to-peer (P2P) lending sector, underlining China's commitment to the clamp down on a sector riddled with runaway managers and pyramid schemes. Microfinance has grown quickly in China, driven by demand from cash-starved small- and medium-sized enterprises who are turned away by traditional lending institutions that lean towards risk-free state-owned enterprises. P2P firms are microfinance companies
23/08/2016 Reuters News Una Galani ADB, CFPA Sign $50 Million to Boost Support for Microfinance in PRC http://in.reuters.com/article/india-microfinance-breakingviews-idINL3N1B4180 Microfinance is making India's big banks look bad. Small lenders that help the poor buy everything from bicycles to sewing machines are back and growing at breakneck speed after the industry nearly collapsed six years ago. The last boom ended badly after a number of borrowers committed suicide. That prompted authorities in Andhra Pradesh to effectively stop micro lenders collecting debts. The state once accounted for up to 40 percent of industry loans. The Reserve Bank of India has since capped usurious lending rates.
22/08/2016 World Bank News N/A Light After Darkness: Afghanistan's Poorest See Hope for Brighter Future http://www.worldbank.org/en/news/feature/2016/08/22/light-after-the-darkness-how-raising-livestock-gives-afghanistan-widows-a-chance-at-a-brighter-future Raising livestock provides ultra-poor rural families an opportunity to earn a livelihood and become entrepreneurs. The Targeting the Ultra Poor (TUP) program which is part of the Afghanistan Access to Finance Project implemented through the Microfinance Investment Support Facility for Afghanistan, aims to move participants from safety net programs to income-earning activities, and links them with microfinance programs. The Access to Finance Project is supported by the International Development Association (IDA), the World Bank Group’s fund for the poorest countries.
22/08/2016 ADB - Asian Development Bank News N/A ADB, CFPA Sign $50 Million to Boost Support for Microfinance in PRC https://www.adb.org/news/adb-cfpa-sign-50-million-boost-support-microfinance-prc The Asian Development Bank (ADB) has signed a $50 million loan facility with CFPA Microfinance Management to support approximately 130,000 microentrepreneurs in rural areas of the People’s Republic of China (PRC), which will boost income levels and employment. The ADB loan will be used for onlending to sub-borrowers in counties designated by central and local governments as poverty-stricken areas. The long-tenor ADB loan will revolve and is expected to fund subloans amounting to over $200 million. The loan is ADB’s first non-sovereign loan in microfinance in the PRC.
16/08/2016 New Széchenyi Plan News N/A Project “ATM for SMEs” starts in Hungary with the scope of improving access to microfinance for small enterprises in the participating regions http://gazdasagfejlesztes.gov.hu/hirek/project-atm-smes-starts-hungary-scope-improving-access-microfinance-small-enterprises Within the framework of the INTERREG ATM for SMEs programme the lead partner Fejér Enterprise Agency with the effective cooperation of the Managing Authority for Economic Development Operational Programmes of the Ministry for National Economy and with further project partners has officially opened the programme’s activity plan. On 12-13 May 2016, 30 people have joined the kick-off meeting of an important initiative to foster the access to microfinance.
13/08/2016 The Irish Times News Patrick Freyne Freefall: from self-employment to unemployment http://www.irishtimes.com/life-and-style/people/freefall-from-self-employment-to-unemployment-1.2754343 There is a vague commitment in the programme for government to changing the status of the self-employed, and Minister for Social Protection Leo Varadkar has just announced a survey of 20,000 self-employed people, to see what benefits they feel they need and what pay-related social insurance, or PRSI, payments they might be willing to make.
11/08/2016 Erste Bank Österreich News N/A Erste Bank Expands Micro-Credit Program https://www.erstegroup.com/de/news-media/presseaussendungen/2016/08/11/micro-credit-programme-2016 With immediate effect, more micro-loans can be granted to start-ups and small companies in the framework of an initiative of the Federal Ministry of Labor, Social Affairs and Consumer Protection, due to two recently signed guarantee agreements between the European Investment Fund (EIF) and Erste Bank. For the first time social entrepreneurs will also benefit from the new EIF program and can obtain an EIF guarantee for their funding. Overall, Erste Bank will be able to extend loans in the amount of EUR 10 m. to persons, initiatives or associations which normally wouldn't have access to financing for lack of collateral.
09/08/2016 News Deeply News Evan Easton-Calabria and Naohiko Omata Microfinance: Startup Seed Funding for Refugees https://www.newsdeeply.com/refugees/op-eds/2016/08/09/microfinance-startup-seed-funding-for-refugees Urban refugees often fall between the cracks of aid organizations, but are ideal candidates for microfinance. But their circumstances need to be carefully vetted, say Evan Easton-Calabria and Naohiko Omata, authors of a global survey on microcredit. Although financial capital is as indispensable as seed funding is to startups, very often refugees do not have access to the loan and saving facilities of formal bank and credit institutions. Many are not inclined to take on refugees as clients since they are perceived as a “high-risk” group that may simply return to their own country without repaying loans. Even if access is not denied, opening a bank account requires a residential address and often a national identity card. Most refugees lack this kind of documentation.
02/08/2016 The Philadelphia Tribune News Ayana Jones Impact of the microbusiness world explored at forum http://www.phillytrib.com/ap/impact-of-the-microbusiness-world-explored-at-forum/article_de6d815a-3292-55d2-b1d9-c3e1fb1a1981.html?mode=jqm The session comes at a time when the nation’s smallest businesses are facing a $52 billion capital gap, according to the AEO. At the event, U.S. Rep. Nydia Velázquez (D-N.Y.), ranking member of the House Small Business Committee, highlighted the importance of securing access to capital for microbusiness operators. “Microbusinesses could provide the stability that we need in terms of creating jobs in for an economy that is still struggling,” Velázquez said. “As a small business owner, nothing is more important than getting an opportunity to get your first loan and to turn your dreams into reality.).
26/07/2016 thejournal.ie News N/A New welfare scheme offers same-day turnaround for small loans http://www.thejournal.ie/microfinance-ireland-2895718-Jul2016/ A pilot microfinance loan scheme to tackle moneylenders was announced by Social Protection Minister Leo Varadkar today. The scheme is designed to allow credit unions provide small affordable loans to individuals and families who would otherwise rely on moneylenders or unlicensed loan sharks. The loans of up to €2000 can be used for things like Christmas presents, or back-to-school expenses.
22/07/2016 Iowa State University faculty News N/A Change Agent: Mark Edelman http://www.news.iastate.edu/news/2016/07/22/caedelman Some would be entrepreneurs with great ideas sometimes struggle to get their enterprises off the ground. Due to the higher risks, some lenders avoid small business start-ups, particularly when there are credit issues, lack of collateral or lack of experience. Some lenders may not finance any small startups, no matter how good the idea, Edelman said. But microfinance, an approach that focuses on providing small loans and coaching to small businesses, can help some ventures get started.
13/07/2016 European Commission News A. Fulvimari Temporary employment in the EU: springboards or career dead ends? http://ec.europa.eu/social/main.jsp?langId=de&catId=89&newsId=2581&furtherNews=yes The share of temporary workers has increased in most EU Member States since 2008. Flexible contractual arrangements have been extensively used since the crisis, their major attraction for employers being their less strict dismissals rules
11/07/2016 The Jerusalem Post News Ariel Shapira Israeli start-up Sling acquired by Brazilian micro-credit giant, Avante http://www.jpost.com/Business-and-Innovation/Israeli-start-up-Sling-acquired-by-Brazilian-micro-credit-giant-Avante-460059 Sling enables micro-entrepreneurs (street vendors, therapists, flea market merchants or even home-factories) to unlock a series of financial services directly from their smartphone, with no need for hardware, intricate contracts or upfront cost. Among the various capacities, Sling merchants enjoy digital card payments, frictionless installments, clearance and micro- fleet management capabilities.
01/07/2016 The Banker News Simon Andrews Using microfinance to lift China's poor to prosperity: an IFC viewpoint http://www.thebanker.com/World/Asia-Pacific/China/Using-microfinance-to-lift-China-s-poor-to-prosperity-an-IFC-viewpoint?ct=true China’s microfinance sector is still developing but has strong potential to reduce poverty and support local SMEs. What are the challenges and opportunities for microfinance institutions in the country? The International Finance Corporation’s country manager for China, South Korea and Mongolia, Simon Andrews, explains.
29/06/2016 Thee Wall Street Journal News Tim Dattels A New Way to Lend to the Poor http://www.wsj.com/articles/a-new-way-to-lend-to-the-poor-1467220873 After years of growing skepticism about microfinance, the industry is making a comeback. New models are proving it is possible to give the poor access to credit in a sustainable manner and still turn a profit.
27/06/2016 Vietnam Investment Review (VIR) News N/A LienVietPostBank expands accross Vietnam http://en.vietnamplus.vn/Utilities/Print.aspx?contentid=95276 In getting the central bank's approval to open more branches and transaction offices last week, LienVietPostBank became the first joint stock commercial bank to have a transaction network covering the entire country. Currently, only the State-owned commercial banks of Bank for Agriculture and Rural Development (Agribank) and Bank for Social Policies have a transaction network spanning all 63 cities and provinces. LienVietPostBank said the expansion plan is aimed at better managing the bank's post-transaction offices in cities and provinces and implementing financial and credit policies on rural and agricultural development. The expanded network will also ease the bank's social insurance payment and micro financial service provision.
24/06/2016 Invest in EU News N/A First Employment and Social Innovation microfinance deal in Albania to benefit 5,000 micro-enterprises https://www.google.com/url?rct=j&sa=t&url=http://www.investineu.com/content/first-employment-and-social-innovation-microfinance-deal-albania-benefit-5000-micro-enterpri&ct=ga&cd=CAEYASoTMTIyNjY0MzEyMjI0MjkwNTc2MzIaOGU5NjlmY2Q1MzM2ZGRiODpjb206ZW46VVM&usg=AFQjCNEtp86FIQBV3iqaqnrdex9ZPWfY1A The European Investment Fund (EIF) and FondiBesa (BESA) have signed the first guarantee agreement aimed at supporting micro-enterprises in Albania under the EU Programme for Employment and Social Innovation (EaSI). This new EaSI guarantee agreement with the non-bank microfinance institution BESA, will cover a loan portfolio of ALL 3 billion (c. €22 million) for micro-borrowers, targeting in particular the agribusiness sector and youth entrepreneurial activity.
21/06/2016 University of Salford, Manchester News N/A Academics given major role overseeing EU microfinance http://www.salford.ac.uk/news/articles/conrad/academics-given-major-role-overseeing-eu-microfinance Professor Karl Dayson, Associate Dean of Research and Innovation in the School of Arts and Media, and Dr Pal Vik, Research Fellow, have been appointed major roles overseeing the funding of small loans to businesses across the European Union. Professor Dayson will sit on the European Commission steering committee, responsible for the Code of Good Conduct for Microcredit Provision and Dr Vik will deputise for Professor Dayso
15/06/2016 The Irish Examiner News Gordon Deegan  €10m sought by Minister for Jobs for small business http://www.irishexaminer.com/business/10m-sought-by-minister-for-jobs-for-small-business-405000.html The Minister for Jobs, Enterprise, and Innovation, Mary Mitchell O’Connor, is hoping to secure a further €10m of exchequer funding to keep Microfinance Ireland afloat beyond 2017.
15/06/2016 The Irish Independent News Gordon Deegan  State lender keeps 2,000 in work, claims Jobs Minister http://www.independent.ie/business/jobs/state-lender-keeps-2000-in-work-claims-jobs-minister-34802541.html The Minister for Jobs, Enterprise and Innovation, Mary Mitchell O'Connor, has said that the €11.7m lent by Micro Finance Ireland (MFI) has helped sustain 2,000 jobs.
15/06/2016 EC - DG EMPL. News N/A Poverty risks since the crisis: are older people winning at the expense of the young? http://ec.europa.eu/social/main.jsp?langId=en&catId=89&newsId=2559&furtherNews=yes One of the legacies of the crisis is an increased number of people at risk of poverty. These are people with household incomes below 60% of the median income in their country. The share of people at risk of poverty (or the ‘at-risk-of-poverty rate’, AROP) increased from 13.5 per cent in 2007 to 15.9 per cent in 2014 among the working-age population (20-64 years old) – a rise of almost 20% (EU average excluding Croatia and Malta).
13/06/2016 Deutsche Welle Video Julia Mielke Lending money via mobile phone in Kenya http://dw.com/p/1J5kp For years, Kenya's banks ignored the microcredit sector until mobile phone operators proved its profitability. Launched three years ago, the Mshwari credit service now has some 14 million customers.
13/06/2016 Aegon News N/A Aegon makes first microfinance investments http://www.aegon.com/en/Home/Investors/News-releases/2016/Aegon-makes-first-microfinance-investment/ Aegon has completed its first 8 million of a potential 100 million euro investment in microfinance. A third fund has already been earmarked for an investment later this year.
10/06/2016 European Commission Press Release N/A Ten actions to help equip people in Europe with better skills http://europa.eu/rapid/press-release_IP-16-2039_en.htm The Commission has adopted today a new and comprehensive Skills Agenda for Europe. The aim is to ensure that people develop a broad set of skills from early on in life and to make the most of Europe’s human capital, which will ultimately boost employability, competitiveness and growth in Europe. (...) Finally, too few people have the entrepreneurial mindset and competences to start their own business and keep adapting to evolving requirements of the labour market.
07/06/2016 SBWire Press Release N/A Global Microfinance Market to Grow at a CAGR of 15.56% During Forecast 2016-2020 http://www.sbwire.com/press-releases/microfinance-market-2016-2020/release-704399.htm?utm_source=djournal&utm_medium=feed&utm_campaign=distribution The global microfinance market to grow at a CAGR of 15.56% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global microfinance market for 2016-2020. To calculate the market size, the report considers the the total financing of the micro enterprises in the Americas, Asia Pacific (APAC), and Europe, the Middle East, and Africa (EMEA
07/06/2016 Ithaca College News Dan Verderosa Poverty-Buster or Debt-Builder? Ithaca College Professor Researching Microfinance in Mexico http://www.ithaca.edu/news/releases/poverty-buster-or-debt-builder-professor-duncan-duke-researching-microfinance-in-mexico-41732/#.V2ERb_mLShc The microfinance boom is particularly notable in Mexico, where large, for-profit banks have entered the market, especially since Banco Compartamos raised $467 million in its 2007 IPO. Duke says Mexico is an interesting case to study because the interest rates on microloans are among the highest in the world, which allows for-profit banks to make more money on loans. Duke hypothesizes that this for-profit influx has changed the nature of urban micro-lending in the country, and may affect microfinance’s impact on poverty.
06/06/2016 NEXT BILLION News Timothy Tsang Closing China’s Credit Gap http://nextbillion.net/nexthought-monday-how-to-close-chinas-credit-gap/ China's economy is on the path toward becoming more financially inclusive, but because the centralized Credit Reference Agency falls short, there's still a need for a scalable system for credit evaluation. Alibaba-affiliate Ant Financial is trying to provide an innovative solution.
06/06/2016 ABC News N/A EU ready to provide microfinance support to agricultural sector of Azerbaijan - ABC http://abc.az/eng/news/96576.html At a meeting with the agriculture minister, Mr Heydar Asadov, the EU Ambassador in Baku, Ms Malena Mard has stated that the EU is interested in the development of the agricultural sector, which is defined the priority for all the 28 member countries of the EU. Minister Heydar Asadov claimed about the need to ensure access to funds for small and medium farmers, so we are ready to assist in the allocation of microfinance in this sector
01/06/2016 In The Black News Chris Sheedy Could 394,000 microfinance projects change the Australian market? http://intheblack.com/articles/2016/06/01/could-394000-microfinance-projects-change-australian-market Research from the Centre for Social Impact, conducted on behalf of NAB, shows that three million adult Australians are fully or severely financially excluded. “More than 394,000 people have accessed our microfinance products so far through a partnership with Good Shepherd Microfinance, but my aim is to reach one million people by 2018,” says Proske.
31/05/2016 Incofin News N/A Incofin IM and DWM take a joint 51% stake in JSC Microfinance Organization Crystal, Georgia https://www.incofin.com/en/news/incofin-im-and-dwm-take-joint-51-stake-jsc-microfinance-organization-crystal-georgia Incofin IM’s agRIF  (agRIF) and DWM’s Inclusive Finance Equity Fund II (IFEF) have  together subscribed to a 9m GEL capital increase of JSC Microfinance Organization Crystal (Crystal).  The investment of both partners will primarily be used to fund Crystal’s geographical expansion and the introduction of new financial services in the rural areas of Georgia.
24/05/2016 The Conversation News Caroline Schuster Microfinance could wind up being the new subprime https://theconversation.com/microfinance-could-wind-up-being-the-new-subprime-59001 More inclusive and democratic forms of banking surely bring financial services to people and communities that had been excluded from key markets. But academic research and policy analysts both sound some notes of caution. Economists such as Charlotte Wagnerhave studied the growth of microfinance and found it to be part of the same credit glut experienced in the traditional banking sector in the mid-2000s. It could be susceptible to the same boom and bust cycles.
18/05/2016 Harvard Business Review News Campbell K., Virani S., Lanney J. How large NGO's Are Using Data to Transform Themselves https://hbr.org/2016/05/how-large-ngos-are-using-data-to-transform-themselves Organizations such as World Vision, Habitat for Humanity, The Salvation Army, and Save the Children are innovating by seeking out data, taking it seriously, and then using it to pivot their approach from serving constituents’ needs to tackling the underlying problems that produce them.
17/05/2016 EFSE Press Release N/A EFSE, Fibabanka to Support Turkish Farming http://www.efse.lu/news-events/detail/efse-fibabanka-to-support-turkish-farming/ The European Fund for Southeast Europe (EFSE) said today it is expanding its partnership with Istanbul‐based Fibabanka A.Ş. through an additional EUR 20 million senior loan earmarked for financing Turkish agricultural operations and micro‐ and small Turkish enterprises
10/05/2016 CGAP Press Release N/A Grand Duchess of Luxembourg Addresses CGAP Meeting http://www.cgap.org/news/grand-duchess-luxembourg-addresses-cgap-meeting Her Royal Highness the Grand Duchess of Luxembourg addressed the opening of the annual meeting of the Consultative Group to Assist the Poor (CGAP), a multi-donor organization that focuses on advancing financial inclusion through research and partnerships. Her Royal Highness said, “The arrival of new actors in the microfinance sector, such as telephone operators that offer mobile phone based services, offers new hope to the poorest populations and removes obstacles that were formerly unsurmountable.” She added, “The question of providing access to credit and microfinance for the thousands of refugees who have fled combat zones and are now sheltering in Europe is a theme that merits reflection."
10/05/2016 The Financial News N/A Georgian Financial Sector Becoming Saturated, Leaving Less Room for Growth http://www.finchannel.com/index.php/world/georgia/57152-georgian-financial-sector-becoming-saturated-leaving-less-room-for-growth Over the last ten years the microfinance market of Georgia has developed successfully. However, further growth is becoming limited now due to the small size of the country. The recent trend of the transformation of MFOs into commercial banks is believed will continue in the future. Overall the economic development of Georgia, including exchange rate, became more favourable from February 2016, however the situation in regard to political tensions in the region could still worsen, said Thomas Engelhardt, Chairman at Access Holding Microfinance AG.
05/05/2016 EC - InfoRegio News Barbara Barkhausen Frankfurt School of Finance and Management: New online course in Islamic Microfinance http://www.mba-channel.com/channel/article/frankfurt-school-of-finance-and-management-new-online-course-in-islamic-mic/ The Islamic Relief Finance and Management are developing an online certification course in the growing area of Islamic Academy together with Islamic Relief Worldwide (IRW),and Frankfurt School ofMicrofinance. The course will provide participants with sound knowledge of the technical aspects of retail banking as well as the ethics of Islamic finance and the relevant compliance and regulation issues. It is aimed at all development professionals working in the area of Islamic Microfinance. The six month course will be available on Frankfurt School’s LinkEd e-learning platform (www.linked.fs.de) and will be launched in September 2016. www.linked.fs.de
04/05/2016 EC - DG DEVCO News N/A INCEPTION IMPACT ASSESSMENT Towards a new partnership between the EU and the ACP countries after 2020 http://ec.europa.eu/smart-regulation/roadmaps/docs/2016_devco_001_post_cotonou_en.pdf This initiative seeks to learn from the partnership in order to best advance today's joint interests. The new relationship needs to be agreed in light of the new political, economic, social and demographic realities in the EU, the ACP countries and at global level. There are new global challenges (e.g. related to climate change, security or migration), new important players (e.g. emerging economies), new economic interests, and there reshaping of the international sustainable development framework under the 2030 Agenda.
26/04/2016 China Daily News N/A China microcredit firms' outstanding loans at $144b by March http://www.chinadaily.com.cn/business/2016-04/26/content_24844182.htm Mr. Ligen Guo, ViceChairman of China Banking Regulatory Commission (CBRC), the highest authority to regulate the Chinese banking sector led a high powered delegation to meet Nobel Laureate Professor Muhammad Yunus. He met Professor Yunus recently to discuss the policy to promote microcredit in China. He explained that Chinese government is giving very high priority to poverty reduction and microcredit to support ntrepreneurship among rural people, particularly women.
23/04/2016 Yunus Centre News N/A Top Chinese banking regulator consults Dr Yunus http://www.muhammadyunus.org/index.php/news-media/news/1551-top-chinese-banking-regulator-consults-yunus Outstanding loans extended by China's microcredit companies amounted to 938 billion yuan ($144 billion) by the end of March, data from the central bank showed on Monday. The volume was down 3.2 billion yuan from the end of 2015.By the end of March, the number of microcredit companies in China came in at 8,867, the People's Bank of China said in a statement on its website. Microlenders largely target small companies and low income groups in need of capital.
21/04/2016 The Armenian Mirror - Spectator News Alin K. Gregorian Prof. Ohanyan Hopes to Build Bridges for Peace In the Caucasus http://www.mirrorspectator.com/2016/04/21/prof-ohanyan-hopes-to-build-bridges-for-peace-in-the-caucasus/ Prof. Anna Ohanyan’s first book, titled ‘NGOs, IGOs, and the Network Mechanisms of Post-conflict Global Governance in Microfinance’, was on the post-conflict era Bosnia Herzegovina as well as Afghanistan. It was focused on the use of microfinance in postconflict societies in order to revive them. “Microfinance policies are quite remarkable. Donors have to figure out how to bring in people or to offer training,” she explained. Her new book, which came out earlier this month, Networked Regionalism as Conflict Management, is about a region much closer to her heart. “It explores this narrative of whether or not it is possible to utilize regional ties in all kinds” of situations to help bring peace to the region. For example, she said training firefighters or teachers are things that need to happen throughout the Caucasus.
15/04/2016 The Korea Herald News Suthichai Yoon Civil power antidote to income gap http://www.koreaherald.com/view.php?ud=20160415000789 Using the example of his personal journey in microcredit — “Everything a conventional bank did, we started doing the opposite in Grameen Bank” — Yunus said human problems could be solved “if we design it as a The longstanding belief that the task of problem-solving should be left to governments and charities alone is, to this highly respected social entrepreneur, now outdated.
14/04/2016 ADA News N/A Microlux: Microfinance in Luxembourg and the Greater Region   Microlux, which will be launched in June 2016, is the first MFI in Luxembourg and will provide: coaching, mentoring and training provided by volunteers; Microcredits of a maximum amount of 15,000 EURO; a loan called “micro +” for activities which have already begun (of a maximum amount of 20,000 EURO); a social entrepreneurship loan (of a maximum amount of 25,000 EURO).
11/04/2016 L'économiste News Badra BERRISSOULE Microfinance: Al Amana leader d’un marché en croissance http://www.leconomiste.com/article/996329-microfinance L’offre mondiale de la microfinance continue à se développer avec un montant de 105, 9 milliards de dollars de prêts octroyés. La valeur du portefeuille mondial est davantage concentrée en Asie et en Amérique latine alors que la région Mena reste encore timide bien qu’elle ait enregistré une progression. Leader dans la micro?nance au Maroc, Al Amana compte bien le rester malgré la concurrence.
04/04/2016 EURONEWS News N/A Microfinance: lending small, thinking big http://www.euronews.com/2016/04/04/microfinance-lending-small-thinking-big/ This week, Real Economy is looking at the world of microfinance in a European market that tends to be dominated by traditional banks. We take a look at the world of microcredit in Romania and see how small loans and a little financial training can make a difference. We’ll see how the model is adapting with technology to the needs of people and businesses in western Europe who can no longer tap into traditional credit from banks. Then we’ll check in with the European Investment Fund (EIF) about how best to use microfinance in our search for sustainable employment and growth.
29/03/2016 EC - InfoRegio News European Commission Improving access to finance for Romanian SMEs: EU adopts investment package worth €100 million http://ec.europa.eu/regional_policy/en/newsroom/news/2016/03/29-03-2016-improving-access-to-finance-for-romanian-smes-eu-adopts-investment-package-worth-eur100-million The European Commission has adopted today 2014-2020 the "SME Initiative" Operational Programme worth €100 million for Romanian small and medium-sized enterprises (SMEs) worth €100 million. The value of the investment provided by the European Regional Development Fund (ERDF) in the form of guarantees is expected to quadruple to €400 million, thanks to the leverage effect of private investment in SME loans.
21/03/2016 Huffington Post News N/A Muhammad Yunus on How to Change the World: Do the Reverse http://www.huffingtonpost.com/ashoka/muhammad-yunus-how-to-cha_b_9057968.html Yunus wants Bangladesh to be the “starting point” of a global wave of such actions. “We may aim at creating a world of three zeros : zero poverty, zero unemployment and zero net carbon emissions. A world of diamond-shaped wealth dis tribution — very few at the top, very few at the bottom, with the bulk of people in the middle — instead of a wealth pyramid. A world of equality, harmony, peace and happiness. It can happen only if we citizens take action.”
17/03/2016 European Commission DG EMPL. News N/A First EU social finance deal in Europe, to support €33m for social enterprises in France http://ec.europa.eu/social/main.jsp?langId=it&catId=1084&newsId=2501&furtherNews=yes The European Investment Fund (EIF) and Société financière de la NEF (la NEF) have signed the first Social Entrepreneurship guarantee agreement aimed at supporting more than 300 social enterprises in France under the EU Programme for Employment and Social Innovation (EaSI).
08/03/2016 Afp Luxembourg News The Daily Star Luxembourg duchess seeks return to Cuba to develop microfinance http://www.thedailystar.net/business/global-business/luxembourg-duchess-seeks-return-cuba-develop-microfinance-787804 She fled Cuba with her bourgeois family as revolution brewed, and later married into one of Europe's royal dynasties.Today, as the Communist-ruled island emerges from long economic isolation, Luxembourg's Grand Duchess Maria Teresa says she hopes to return home to pitch the cause of micro-credit to help the country's poor.
06/03/2016 Il Fatto Quotidiano News Brusini C. Microcredito, “la nuova legge costringe gli operatori a lavorare in perdita”. Così l’albo degli intermediari resta vuoto http://www.ilfattoquotidiano.it/2016/03/06/microcredito-la-nuova-legge-costringe-gli-operatori-a-lavorare-in-perdita-cosi-lalbo-degli-intermediari-resta-vuoto/2496136/ Secondo la prima società italiana del settore, i paletti su tassi di interesse e servizi ausiliari previsti dal decreto dell'ottobre 2014 possono essere rispettati solo da chi non punta alla sostenibilità economica e sta in piedi grazie a lavoro volontario e fondi messi a disposizione da enti locali o istituti di credito.
17/02/2016 EC - DG EMPL. News N/A Selfemployed and entrepreneurship: breaking the barriers to job creation http://ec.europa.eu/social/main.jsp?langId=it&catId=89&newsId=2472&furtherNews=yes About 16% of the EU's working population were self-employed in 2014; and micro-enterprises, i.e. companies employing 10 persons or fewer, provided almost one third of the jobs in the EU's for-profit private sector. Yet, only a minority of self-employed – on average less than one third – actually employ other people, and only about one quarter of these employers are women.
28/01/2016 EC - DG EMPL News N/A The longterm unemployed: the people that the economic recovery forgot? http://ec.europa.eu/social/main.jsp?langId=en&catId=89&newsId=2445&furtherNews=yes The long-term unemployed (LTU) are those who have been out of work and searching for a job for 12 months or longer. The number of long-term unemployed doubled between 2007 and 2014, reaching 12.4 million people or 5% of the active EU population. This equals to around half of the total number of unemployed.  What is particularly worrying is that six out of ten of the LTU have been out of work for more than two years and their share remains at historically high levels.
26/01/2016 The Korea Herald News Kim Yoo-Mi Efforts to Improve Financial Infrastructure http://www.koreaherald.com/view.php?ud=20160125001104 Finance is often said to be the blood vessels of an economy, and credit rating systems perform a vital role in deciding the flow and direction of money within the vessels. The World Bank acknowledges credit rating systems as crucial to financial infrastructure and believes that credit rating systems play a critical role in stable economic growth.
21/01/2016 Deutsche Welle News Manuela Kasper-Claridge World Cannot be Sustainable with Poverty Around Us http://www.dw.com/en/world-cannot-be-sustainable-with-poverty-around-us/a-18997092 Interview to Mr Yunus. Quote: "We have to become aware of the fact that we are in the middle of another process, which is the accumulation of all the wealth in the world in very few hands. We are not aware of that, unless somebody tells us something like that 62 people now own [as much wealth as the poorer half] of the world. Last year it was 80 people and 10 years back it was 380 people. What will be next year? If you go on, soon we'll have a situation where one person owns the whole world. "
15/01/2016 Huffington Post News Boomgarden D., Loza A. Green Microfinance: A tool for Sustainable Business an Climate Action http://www.huffingtonpost.com/fomin/green-microfinance-a-tool_b_8992036.html The interest in green microfinance is clearly growing. It is frequently discussed at international conferences like Foromic in Latin America or African Microfinance Week, it is featured in special issues of academic journals like Enterprise Development and Microfinance, and was a topic at the United Nations Climate Change Conference, or COP20, in December 2014. Green microfinance has undeniably become a very trendy field where terminology, definitions, and indicators are in the process of being developed and tested. There are many different views on what it is and what it can accomplish, and there is a risk of overestimating themiracle of microfinance—in this case, of green microfinance—so efforts to assess its performance are necessary, such as one recently conducted by MIX.
15/01/2016 The Wire News Chander Suta Dogra Why Microfinance is Becoming a Bad Word All Over Again http://thewire.in/2016/01/15/why-microfinance-is-becoming-a-bad-word-all-over-again-18937/ Inadequate regulation, coupled with the increasing tendency for women to borrow money for consumption rather than income generation is leading to mounting indebtedness in eastern UP and Bihar, and even suicides
14/01/2016 The Express Tribune News Syed M. Ali Microfinance:an overrated solution http://tribune.com.pk/story/1027520/microfinance-an-overrated-solution/ The provision of small loans or other financial services to the poor will never work until we address the background conditions that produce poverty in the first place. The list of needed measures to create an enabling environment for poor people to improve their lives is long. There is need, for example, for a fairer distribution of productive assets such as land or putting in place pro-poor labour legislation at the national level, and a rethink of unfair trade policies and aid conditionalities at the international level, which continue to disempower poor people in developing countries around the world.  
11/01/2016 DG EMPL News N/A Good practices under EaSI funded projects 3rd Commission report http://ec.europa.eu/social/main.jsp?langId=it&catId=89&newsId=2364&furtherNews=yes The European Commission published its third monitoring report in which it gathers good practices of projects across Europe dealing with working conditions, employment, social affairs and inclusion. This monitoring is part of the EU'sProgramme for Employment and Social Innovation (EaSI). These good practice examples can form a basis for policy recommendations, which may be useful to the policy-maker designing or implementing policy interventions in this area.
11/01/2016 Grameen Foundation News Odell Kathleen E. Measuring the Impact of Microfinance: Looking to the Future https://grameenfoundation.app.box.com/MeasuringMicrofinanceFuture There is evidence from a numberof studies (using a variety of methodologies acrossdifferent settings) suggesting that microfinance isgood for microbusinesses. This result is observedacross different microfinance services, including mi-crocredit and microsavings instruments. Based onthe studies in this survey, the overall effect on theincomes and poverty rates of microfinance clients isless clear, as are the effects of microfinance on mea-sures of social well-being, such as education, health,and women’s empowerment. Hopefully, the nextwave of research will provide further insights intothese critical questions.
08/01/2016 Financial Times News Amy Kazmin The Crises of Microcredit, edited by Isabelle Guérin, Marc Labie and Jean-Michel Servet http://www.ft.com/intl/cms/s/0/ebc211a8-b3b6-11e5-8358-9a82b43f6b2f.html A collection of essays explodes some of the myths of the microfinance industry. Review by Amy Kazmin. This is a book that should be read by anyone with an interest in the sector. Despite the bleak picture they paint, the editors do not write off the idea of microfinance — or, rather, financial services more broadly defined — as a tool to help the poor. But in their conclusion they call for a new “commons-driven” approach, less reliant on market mechanisms, to provide such services.
07/01/2016 EC - DG EMPL News N/A Investment Plan: €225 million for microbusinesses in the Netherlands http://ec.europa.eu/social/main.jsp?langId=en&catId=89&newsId=2426&furtherNews=yes The European Investment Bank (EIB) has agreed a €100 million loan facility with micro-financing company Qredits, while the European Investment Fund has also signed an agreement with Qredits to cover part of the credit risk of new loans worth €25 million for small businesses and SMEs. Both operations are backed by the guarantee of the European Fund for Strategic Investments (EFSI), the heart of the Commission’sInvestment Plan for Europe. The agreements have been signed in Amsterdam in the presence of Queen Máxima of the Netherlands and Commissioner Marianne Thyssen.
07/01/2016 EIB, EIF, European Commission, Qredit Press Release N/A Investment Plan for Europe: EIB Group supports micro-financing in the Netherlands with Qredits http://www.eib.org/infocentre/press/releases/all/2016/2016-002-investment-plan-for-europe-eib-group-supports-micro-financing-in-the-netherlands-with-qredits.htm The European Investment Bank Group (EIB and EIF) will support Dutch micro-finance institution Qredits in giving very small businesses in the Netherlands access to finance. The European Investment Bank has agreed a EUR 100 million loan facility with Qredits, while the European Investment Fund has also signed an agreement with Qredits to cover part of the credit risk of new loans worth EUR 25 million for microbusinesses and SMEs. Both operations are backed by the guarantee of the European Fund for Strategic Investments (EFSI), the heart of the Juncker Commission’s Investment Plan for Europe.
24/12/2015 The University of Chicago Press Book Guérin I., Labie M., Sevet J-M. The Crises of Microcredit http://www.press.uchicago.edu/ucp/books/book/distributed/C/bo22556417.html Drawing on extensive empirical research, this important volume examines the whole chain of microcredit—from investors and donors to clients— in order to provide a comprehensive analysis of its impact. In doing so, the essays collected here shed light on the many causes of the current microcredit crisis, including microcredit organizations that have been unprepared for massive growth and greedy investors and shareholders attracted by profits. The result is a timely and necessary look at what has become one of the most contentious topics within global economic development.
16/12/2015 EC Press Release Database Press release N/A Bringing candidate countries closer to the EU with cross-border cooperation http://europa.eu/rapid/press-release_IP-15-6333_en.htm The European Commission adopted the new cross-border cooperation programme for Italy, Montenegro and Albania, worth nearly €93 million, with almost €79 million coming from the European Regional Development Fund and the Instrument for Pre-accession Assistance (IPA). This is the last cross-border cooperation programme to be adopted in 2015.
16/12/2015 The Wall Street Journal News Ruth Simon Kiva Sets New Rules for US borrowers to get crowdfunded loans http://www.wsj.com/articles/kiva-sets-new-rules-for-u-s-borrowers-to-get-crowd-funded-loans-1450305877 If business can get the backing from their social networks, they can access the newer Kiva Zip platform to crowdfund loans of up to $10,000, that carry 0% interest, no fees and terms of up to three years. Borrowers must meet their fundraising goal to receive any of the money.
15/12/2015 EC -InfoRegio News N/A €78 million of EU funds to boost innovation in the Italian-Slovenian border http://ec.europa.eu/regional_policy/en/newsroom/news/2015/12/15-12-2015-eur78-million-of-eu-funds-to-boost-innovation-in-the-italian-slovenian-border-region  
15/12/2015 EC -InfoRegio News N/A €105 million of EU funds to increase economic competitiveness in the Greek–Italian border region - Regional Policy - European Commission http://ec.europa.eu/regional_policy/en/newsroom/news/2015/12/15-12-2015-eur105-million-of-eu-funds-to-increase-economic-competitiveness-in-the-greek-italian-border-region  
15/12/2015 EC -InfoRegio News N/A The Commission adopts the first cross-border cooperation programme between Italy and Croatia - Regional Policy - European Commission http://ec.europa.eu/regional_policy/en/newsroom/news/2015/12/15-12-2015-the-commission-adopts-the-first-cross-border-cooperation-programme-between-italy-and-croatia  
11/12/2015 EAPN News N/A EAPN urges the EU to put people first or Europe will wither without strong social dimension | #2015EAPN Annual Conference http://www.eapn.eu/en/news-and-publications/press-room/eapn-press-releases/eapn-urges-the-eu-to-put-people-first-or-europe-will-wither-without-strong-social-dimension  
09/12/2015 EBRD News N/A Dai-ichi Bank invests in first microfinance bonds issued by the EBRD for institutional investor http://www.ebrd.com/news/2015/daiichi-life-invests-in-first-microfinance-bonds-issued-by-the-ebrd-for-institutional-investor.html  
08/12/2015 Five Thirsty Eight Press release Ben Casselman Microloans Don’t Solve Poverty. But research might reveal what will http://fivethirtyeight.com/features/microloans-dont-solve-poverty/  
07/12/2015 EC - DG EMPL. News N/A New pathways for the long-term unemployed http://ec.europa.eu/social/main.jsp?langId=it&catId=325&newsId=2409&furtherNews=yes  
01/12/2015 Messaggero Veneto Press release N/A Microcredito e inclusione sociale. Oggi un convegno http://messaggeroveneto.gelocal.it/pordenone/cronaca/2015/12/01/news/microcredito-e-inclusione-sociale-oggi-un-convegno-1.12546149  
26/11/2015 European Commission Report N/A Draft Joint Employment Report from the Commission and the Council http://europa.eu/rapid/press-release_MEMO-15-6070_en.htm  
16/11/2015 FASI News N/A Italia Lavoro: nuove realtà imprenditoriali e di autoimpiego di giovani stranieri http://www.fasi.biz/it/agevolazioni/view/13500-italia-lavoro-nuove-realta-imprenditoriali-o-di-autoimpiego-di-giovani-stranieri.html  
09/11/2015 European Parliament Report Sven Schulze Microloans: helping people out of unemployment and poverty http://www.europarl.europa.eu/oeil/popups/ficheprocedure.do?reference=2015/2042(INI)&l=en  
06/11/2015 The Portugal News News TPN / Lusa Fewer than 1 in 10 microcredit applications successful http://www.theportugalnews.com/news/fewer-than-1-in-10-microcredit-applications-successful/36557  
02/11/2015 The Financial Express News P. Satish Digital Highways for MFI's http://www.financialexpress.com/article/fe-columnist/digital-highways-for-mfis/159745/  
02/11/2015 Renewables News Mariyana Yaneva France's Total, babyloan to set up crowdfunding platform for energy http://renewables.seenews.com/news/frances-total-babyloan-to-set-up-crowdfunding-platform-for-energy-499842  
02/11/2015 The New Yorker News Matt Mossman Moving Beyond Microcredit http://www.newyorker.com/business/currency/moving-beyond-microcredit  
31/10/2015 The Central Bank of the Russian Federation Press release N/A On Including information in State Register of Microfinance Organisations http://www.cbr.ru/eng/press/PR.aspx?file=26082015_134243eng_sbrfr2015-08-26T13_25_26.htm  
31/10/2015 The Central Bank of the Russian Federation Press release N/A On refusal to includeinformation in State Register of Microfinance Organisations http://www.cbr.ru/eng/press/pr.aspx?file=30102015_191348eng_sbrfr2015-10-30T19_14_19.htm  
22/10/2015 European Commission Launch of web page N/A EaSIMicPro Microcredit Providers active in the European Union https://webgate.ec.europa.eu/easi-micpro/Jasmine.jsp  
21/10/2015 EC - DG Regio News N/A Over €283 million of EU funds for inclusive growth in Italy - Regional Policy - European Commission http://ec.europa.eu/regional_policy/en/newsroom/news/2015/10/over-eur283-million-of-eu-funds-for-inclusive-growth-in-italy  
21/10/2015 EC InfoRegio Newsroom News N/A Over €283 million of EU funds for inclusive growth in Italy - Regional Policy - European Commission http://ec.europa.eu/regional_policy/en/newsroom/news/2015/10/over-eur283-million-of-eu-funds-for-inclusive-growth-in-italy  
20/10/2015 EC - DG Regio News N/A EU invests nearly €100 million to boost transnational cooperation in the Adriatic-Ionian region - Regional Policy - European Commission http://ec.europa.eu/regional_policy/en/newsroom/news/2015/10/eu-invests-nearly-eur100-million-to-boost-transnational-cooperation-in-the-adriatic-ionian-region  
20/10/2015 EC - DG EMPL Press release N/A La Commissione europea e il Fondo europeo per gli investimenti mobilitano 237 milioni di euro in crediti a sostegno di 20 000 microimprese europee http://europa.eu/rapid/press-release_IP-15-5862_it.htm  
19/10/2015 EC - DG EMPL News N/A Commission and European Investment Fund mobilise €237 million in loans to support 20,000 European micro-enterprises - http://ec.europa.eu/social/main.jsp?langId=en&catId=89&newsId=2355&furtherNews=yes  
13/10/2015 FASI News Angela Lamboglia Dlgs 185-2000 - da gennaio domande per incentivi autoimprenditorialita' giovani e donne - FASI http://innolabsplus.eu/it/articles/dlgs-185-2000-da-gennaio-domande-incentivi-autoimprenditorialita-giovani-e-donne  
12/10/2015 EAPN News N/A EAPN urges the EU to put people first or Europe will wither without strong social dimension - EAPN http://www.eapn.eu/en/news-and-publications/press-room/eapn-press-releases/eapn-urges-the-eu-to-put-people-first-or-europe-will-wither-without-strong-social-dimension  
07/10/2015 EC - DG EMPL News N/A Who survives in self-employment - Employment, Social Affairs & Inclusion - European Commission http://ec.europa.eu/social/main.jsp?langId=en&catId=1196&newsId=2343&furtherNews=yes  
01/10/2015 The UC Observer News Erica Lenti Interview with David Woods - The UC Observer http://www.ucobserver.org/interviews/2015/10/interview_david_woods/  
01/10/2015 The Korea Times News Choi Kyong-ae Japanese savings banks seek niche in Korea http://www.koreatimes.co.kr/www/news/biz/2015/10/488_187819.html  
             

Recent Advances in Social Finance

Recent Advances in Social Finance

June 2016, 2nd

Amphi Krier, Faculty of Economics, Université de Rennes 1

Provisional Version (as of April 21th)

Scientific committee :

Simon Cornée (CREM, Université de Rennes 1, and CERMi)

Marek Hudon (CERMi, Université Libre de Bruxelles)

Marc Labie (CERMi, Université de Mons)

Ariane Szafarz (CERMi, Université Libre de Bruxelles)

Local organiser:

Simon Cornée

9:15 Welcome coffee

9:30 Welcome address

Moderator: Simon Cornée (CREM, Université de Rennes 1, and CERMi)

  • Eric Avenel: Dean of the Faculty of Economics
  • Fabien Moizeau: Deputy Director of the CREM
  • Marek Hudon: Co-director of the CERMi

9:45 Intermediation & Microfinance

Moderator: Simon Cornée (CREM, Université de Rennes 1, and CERMi) Carolina Laureti (CERMi, Université Libre de Bruxelles, Université de Mons) “Flexible Microfinance Products to Cope with Shocks: Evidence from SafeSave” Co-authored with Alain de Janvry (University of California at Berkeley) and Elisabeth Sadoulet (University of California at Berkeley)

Abstract:

In their daily life, poor people face shocks on their income and expenditure. Unfortunately evidence shows that the poor barely edge against these shocks. Flexible microfinance products leave to the clients the freedom to decide the timing and amount of transactions. In this paper, we investigate whether flexible microfinance products are useful for coping with shocks. We exploit a unique dataset released by SafeSave, a cooperative offering flexible savings-and-loan accounts to the poor living in Dhaka slums. Using a regression discontinuity approach, we analyze the impact on savings and borrowing of two types of shocks: expected shocks, including school fees, festivals, and wage payments; and unexpected shocks, including flood, exchange rate devaluation, and political strikes. Our (preliminary) result shows, first, a huge savings accumulation. We register between 15% and 26% growth rate per year of average per-client savings balances. Second, we identify various seasonal components of saving and borrowing, indicating that clients use flexible accounts to cope with cyclical and expected shocks. Third, we do not find evidence that saving and borrowing react to unexpected shock

Discussant: Véronique Thelen (CREM, Université de Rennes 1)

Anastasia Cozarenco (Montpellier Business School, and CERMi)

“Microcredit in Industrialized Countries: Unexpected Consequences of Regulatory Loan Ceilings”

Co-authored with Ariane Szafarz (CERMi, Université Libre de Bruxelles)

Abstract:

Subsidized microfinance institutions (MFIs) provide affordable credit to small entrepreneurs. Many industrialized countries regulate MFIs. But in a market with accessible small business financing, regulatory loan ceilings can jeopardize the supply of microcredit to the most disadvantaged people. This is because small entrepreneurs in need of above-ceiling credit have the option to combine a ceiling-high microcredit with a supplementary loan from a regular bank. By reducing information asymmetry, this type of co-financing may prompt MFIs to divert credit away from entrepreneurs seeking below-ceiling loans. This study uses hand-collected data from a French MFI to test, and partly confirm, this theory.

Discussant: Franck Moraux (CREM, Université de Rennes 1)

  • 11:00 Coffee Break
  • 11:30 Microfinance & Governance
    • Moderator: Isabelle Cadoret (CREM, Université de Rennes 1) Muluneh Hideto Dato (CERMi, Université Libre de Bruxelles), “Differences in Governance Structures among Cooperative, Non- profit and Shareholder-owned Microfinance Institutions” Co-authored with Marek Hudon (CERMi, Université Libre de Bruxelles) and Roy Mersland (University of Agder, and CERMi) Abstract: Good governance is crucial to achieve an organization’s mission. Nevertheless, little is known about how the design of governance is influenced by the legal status of an organization. We use data from a global sample of 405 microfinance institutions from 73 countries to analyze four key governance mechanisms in nonprofit organizations, cooperatives and traditional shareholder structure. Our results show that the average nonprofit organization has larger boards, more female directors, and have more frequent boards meetings than the other types of legal incorporations. Yet, the average shareholder owned organization is more likely to use better auditing standards than nonprofit organizations and cooperatives. Moreover, we find that nonprofit microfinance institutions with bigger board size exhibit better financial performance and reach poorer clients. Finally, the main difference between cooperatives and nonprofits lies in the higher number of board meetings in cooperatives. Discussant: Elsa Costanzo (CIAPHS, Université de Rennes 2) Cécile Godfroid (CERMi, Université de Mons) “How to Reconcile Financial Incentives and Prosocial Motivation of Loan Officers in Microfinance?” Co-authored with Julie De Pril (CERMi, Université de Mons) Abstract: It has been widely recognized that the microfinance sector must pursue both social and financial objectives. However, with the growing success of microfinance, numerous microfinance institutions (MFIs) experience mission drift by focusing on their financial mission at the expense of their social one. The mainstream incentive schemes set up by MFIs for their loan officers represent one of the factors contributing to mission drift for several reasons. In particular, financial incentives can have a negative effect on prosocial motivation animating numerous microfinance loan officers. In this paper, we attempt to suggest, with a mathematical model, an optimal incentive scheme on which double bottom line MFIs could rely in order to increase their financial profit while preserving their loan officers' prosocial motivation. Discussant: Benoît Tarroux (CREM, Université de Rennes 1) 12:45 Walking Lunch (Salle des Actes) 14:15 Book Presentation: The Crises of Microcredit Moderator: Pascal Glémain (CIHAPS, Université de Rennes 2) Marc Labie (CERMi, Université de Mons) Co-edited with Isabelle Guérin (IRD, Université de Paris 1, and CERMi) and Jean-Michel Servet (Graduate Institute Geneva, and CERMi) Discussants: Arvind Ashta (Burgundy School of Business, and CERMi) and Jean-Laurent Viviani (CREM, Université de Rennes 1) 15:15 Coffee Break 15:30 Social Finance and the Common Good Moderator: Ariane Szafarz (CERMi, Université Libre de Bruxelles) Anaïs Périlleux (CIRTES, Université Catholique de Louvain, and CERMi) “Understanding Cooperative Finance as a New Common” Co-authored with Marthe Nyssens (CIRTES, Université Catholique de Louvain) Abstract: The emerging field of common good socio-economics is promising not only for the preservation of common natural resources but also for the common goods created by people through collective action, the importance of which has been emphasized by the recent financial and economic crisis. Based on the case of cooperative finance, this paper’s outcomes are threefold. First, it demonstrates that financial cooperatives can be understood as a human-made common. Secondly, it shows that while the boundaries between the nature and property regime of goods may be relatively clear for natural common goods, they appear much more interlinked for human-made goods, where commons are embedded in intergenerational reciprocity. Thirdly, the paper proposes a new way of thinking about public policies and shows the need to recognize financial cooperatives as human-made commons so as to design adequate legislation to protect these commons from isomorphism, privatization and destruction. Discussant: Damien Rousselière (SMART-LERECO, AGROCAMPUS OUEST) Jordanna Viotto (CEPN, Université de Paris 13) “Beyond Financing: Crowdfunding as an Informational Mechanism” Abstract: In this paper, we show that crowdfunding is not only a financing alternative but also an informational mechanism supporting the decision-making process about the release of new products in the market. Using an exclusive dataset focused on the music industry, we provide evidence that even project owners having failed to access capital on a crowdfunding platform may still release their products in the market if the campaign provides enough evidence of future demand through the number of contributions. For these project owners in particular, our results suggest that the effect of contributions on crowdfunding is positive and statistically significant regarding the probability of the product to be releases in the market. We interpret this as the use of crowdfunding campaigns as an informational mechanism. Our study contributes to the emerging literature on crowdfunding, and connects the crowdfunding business model to outside economic activities such as e-commerce. Discussant: Julien Bouillé (CIAPHS, Université de Rennes 2) Camille Meyer (CERMi, Université Libre de Bruxelles) “Polycentric Governance and Institutional Change in Solidarity Finance in Brazil” Co-authored with Marcos Barros (Grenoble Ecole de Management) Abstract: In recent years, there has been increasing interest in how social innovation goes beyond simple replication (scaling out) of their initiatives to deeply change institutional structures (scaling up). Studies on scaling out and up of social innovation portray the difficult convergence between these movements. More importantly, they suggest the existence of multiple contexts of replication but a single and fixed environment of institutional change. However, what happens when the institutional structure is distri