The Microfinance Centre has launched the next phase of our Building Financial Capabilities and Strengthening Institutions through Customer-centered Innovations project. At the end of June 2019, the project team (MFC staff and the staff of our partner Center for Financial Inclusion at Accion ) tested the first prototypes of the Financial Health Digital Tool—interviewing eight beneficiaries of Fundacja Innowacja i Wiedza (a ...

In March 2019, Microfinance Centre and Center for Financial Inclusion at Accion teamed up to conduct research in Poland and Serbia using human-centered design principles to develop a financial health digital solution for microentrepreneurs. This effort forms part of our Building Financial Capabilities and Strengthening Institutions through Customer-centered Innovations project. As part of this research, the teams interviewed 17 Polish ...

The Borrow Wisely Campaign strengthens borrowers’ financial literacy knowledge and skills through educational materials, client workshops and one-on-one engagement between borrowers and loan officers. Our final evaluation results of the 2018 Borrow Wisely Campaign are impressive: 24 Campaign partners across 16 countries in Europe and Central Asia reached 311,363 people with campaign messages! Our partners educated people directly (individual meetings, workshops, ...

What a busy and successful year 2018 was for the MFC! We are thrilled to bring you this review of our key activities and achievements. Enjoy and benefit from the resources we’ve prepared for you! This year, we’ve been working hard to help advance best practice and develop financial inclusion by: Supporting microfinance institutions digitalization: FinTech mapping: We conducted mapping studies ...

On the 19th of June 2018, the Hague University of Applied Sciences hosted an international workshop “Saving Group Movement in Europe: A new way to foster financial and social empowerment” in partnership with the Microfinance Centre and Metlife Foundation. This workshop focused on the potential of savings groups for micro-entrepreneurs and citizens who can benefit from improved skills to manage their finances at ...

‘Are you kidding me? This is unbelievable! A financial institution that is taking care of me and my budget? From the bottom of my heart, thank you and MFC for this kind of support!’ A MI-BOSPO client Throughout October, 24 different financial institutions took part in the MFC’s fifth annual Borrow Wisely Campaign. Borrowers from 16 countries in Europe and Central Asia ...

  The Microfinance Centre and Center for Financial Inclusion at Accion are working together to build a financial health tool to assist customers with gauging and improving their financial health, and to assist financial institutions to help them do so as well. During the first phase of the project MFC developed simple financial health quiz, helping people find out how financially healthy their ...

Time and time again we observed that personal money management skills are crucial for survival of microenterprise, while building up the savings significantly improves the resilience towards economic shocks of the family and helps pursuing the family’s dreams. Thus for years MFC has been working on improving financial health of the low income people. Today, the behavioral economy research shows, that ...

We are pleased to share with you the final evaluation results of our 2017 Borrow Wisely Campaign! The Borrow Wisely Campaign is an international initiative to promote customer protection standards and financial education. The Campaign is realised with our partners, which use an opportunity to re-confirm customers care orientation and commitment to responsible finance. The fourth edition was realized in ...

MFC and Accion are partnering on an action research project aimed at creating a digital tool (mobile phone application or responsive web site) that will support microfinance clients in changing their financial behavior. The digital solution will also help financial providers to learn more about the behaviors and interact more frequently with their clients. Read more about the project.   ...