The transition period of the updated Code, published on 30 June 2020, will end on 31 December 2020. As of 1 January 2021, all new Code evaluations of microfinance institutions will be made based on the updated Code. In addition, the Code Steering Group, chaired by the European Commission, has adopted on 27 November 2020 the following changes regarding the ...Read More
Take Part in The Survey on the European Code of Good Conduct for Microcredit Provision – Deadline Extended!
Deadline to take part in the survey extended until 11 December 2020 MFC would like to share with you a survey on the European Code of Good Conduct for Microcredit Provision (the Code). This survey will be feeding into a study, conducted by the University of Salford on behalf of the European Commission, focusing on the impact of the ...Read More
Contribution of MFIs to the Sustainable Development Goals – Join an EaSI Technical Assistance Webinar!
The European Union is offering this webinar to microfinance institutions (MFI) interested to understand what is the role of the finance sector and in particular microfinance in the pursuit of the UN Sustainable Development Goals (SDGs). The webinar will take place on the 5 November 2020. The session will touch the connection between the SDGs and microfinance’s mission to support ...Read More
The European Commission has updated the European Code of Good Conduct for Microcredit to reflect the changing market realities and capture the wide diversity of providers within the microfinance sector in Europe. It will enter into force on 1 January 2021. What are the amendments? The Code update is the result of a consultation in 2019 with key stakeholders, ...Read More
Nine microfinance institutions awarded under the European Code of Good Conduct for Microcredit Provision
On 13 February 2020, nine microfinance institutions were awarded the European Code of Good Conduct for Microcredit Provision, a quality label that promotes best practices within the microfinance sector. At the first Code Steering Group meeting of the year, nine more microfinance institutions were awarded the European Code of Good Conduct for Microcredit Provision (the “Code”). The Code provides a common set ...Read More
MFC Memeber NOA from Albania-Best Practice From The European Code of Good Conduct for Microcredit Provision
Since its establishment in 1998, NOA Sh.aAlbania (NOA) targets clients such as small businesses not served by banks in Albania. NOA is one of the largest microfinance institutions in the country, with 261 employees, 25 branches, 12,438 active clients and an outstanding loan portfolio of EUR 41m. With the support of EaSI Technical Assistance in 2017, NOA received a certificate ...Read More
On 13 January, the European Union is offering a webinar for microfinance institutions (MFI) interested in improving their organisational culture and conduct and aligning to the regulations of the Financial Conduct Authority. The Financial Conduct Authority (FCA) has replaced one of its standards – the Approved Persons Regime (APR) with a Senior Managers and Certification Regime (SM&CR) affecting all financial institutions regulated ...Read More
17 October 2019 was a special day for European microfinance. Organized jointly by Microfinance Centre and European Microfinance Network, Brussels Event gathered representatives of microfinance institutions’ and associations, who urge to constantly improve their services. This perpetual will for championing, keeping up with change and meeting the standards paid off: members of both MFC and EMN were awarded with European ...Read More
Project description The European Programme for Employment and Social Innovation (henceforth “EaSI”) Technical Assistance will continue under the direct management of the European Commission – Directorate-General for Employment, Social Affairs and Inclusion. The EaSI Technical Assistance services support public and private financial intermediaries of the microfinance sector in Europe with a wide range of activities aimed at increasing the quality of ...Read More
The year had a great start for all activities under the EaSI Technical Assistance programme, aimed to support public and private financial intermediaries from the microfinance sector in Europe. In February, MFC as part of a consortium with the EMN led by Frankfurt School organized a study visit to bring MFIs from Bulgaria and Greece to Warsaw for two days. ...Read More