european microfinance network
DESCRIPTION
Microfinance in Europe V Reunion Anual Consorcios Espanoles miembros de la Red Enterprise Europe Network 6th June 2012, Palma de Mallorca. Jorge Ramirez - European Microfinance Network. European Microfinance Network. Definition. - PowerPoint PPT PresentationTRANSCRIPT
European Microfinance NetworkEuropean Microfinance Network
Jorge Ramirez - European Microfinance Network Jorge Ramirez - European Microfinance Network
Microfinance Microfinance in Europein Europe
V Reunion Anual V Reunion Anual Consorcios Espanoles Consorcios Espanoles miembros de la Red miembros de la Red Enterprise Europe Enterprise Europe NetworkNetwork
6th June 2012, 6th June 2012,
Palma de MallorcaPalma de Mallorca
DefinitionDefinition
European Microfinance NetworkEuropean Microfinance Network
European Microfinance NetworkEuropean Microfinance Network
Focus on social inclusion, entrepreneurship and job creation Focus on social inclusion, entrepreneurship and job creation rather than profitability. rather than profitability.
Main featuresMain features
European Microfinance NetworkEuropean Microfinance Network
HistoryHistory
European Microfinance NetworkEuropean Microfinance Network
MissionMission
European Microfinance NetworkEuropean Microfinance Network
StrategyStrategy
European Microfinance NetworkEuropean Microfinance Network
MembersMembers
Spanish Members (15)Spanish Members (15)
8European Microfinance NetworkEuropean Microfinance Network
European Microfinance NetworkEuropean Microfinance Network
EMN strengthens its members EMN strengthens its members and develops exchange…and develops exchange…
European Microfinance NetworkEuropean Microfinance Network
EMN develops research, increases EMN develops research, increases visibility and creates links between visibility and creates links between stakeholdersstakeholders
European Microfinance NetworkEuropean Microfinance Network
EMN participates in improving EMN participates in improving the regulatory environmentthe regulatory environment
European Microfinance NetworkEuropean Microfinance Network
Microfinance in Europe
European Microfinance NetworkEuropean Microfinance Network
Characteristics of Characteristics of microfinance in Europemicrofinance in Europe
European Microfinance NetworkEuropean Microfinance Network
The social contextThe social context
European Microfinance NetworkEuropean Microfinance Network
The financial contextThe financial context
European Microfinance NetworkEuropean Microfinance Network
Existing SMEs
New traditional enterprises
Market gap to be filled by banks
Income-generating activities
Microentreprises set up by excluded persons Market gap to be filled by
specialised insitutions
Market segmentationMarket segmentation
European Microfinance NetworkEuropean Microfinance Network
Part of existing programmes of development banks
Political pressure at the basis
Sometimes image problem for reaching out to clients and make them pay
Institutional support programmes
Special entities of banks
ONG, focus on specific groups
ONG, focus microfinance
Small scale (exemption: Prince Trust)
Finance seen as added value for enterprise support
Inspired by international practice
Integrated non financial services
ADIE in France, Per Micro in Italy, ANDC in Portugal
DMI in Germany, Finnvera in Finland, Fonds de Participation in Belgium, ICO in Spain, ...
PSYBT in UK, Banco Mundial de la Mujer in Spain, Autonomia Foundation in Hungary, etc
Microbank and Savings Banks Foundations in Spain, Millennium Microcredito in Portugal, Microstart (ADIE & BNP) in Belgium
Recent developmentStrong growth
Synergy effects on costs due to existing infrastructure.
European Microfinance Institutional European Microfinance Institutional models models
NBFI, Foundation microfinance approachCredal in Belgium, Fair Finance in UK, Patria Credit in Romania, Mikrofond in Bulgaria, etc – MFIs in Eastern Europe and Credit Cooperatives in Western Europe
European Microfinance NetworkEuropean Microfinance Network
European Microfinance NetworkEuropean Microfinance Network
European Microfinance NetworkEuropean Microfinance Network
An enabling European policyAn enabling European policy
European Microfinance NetworkEuropean Microfinance Network
European Progress MicrofiEuropean Progress Microfinance nance Facility (EPMF)Facility (EPMF)
European Microfinance NetworkEuropean Microfinance Network
European Progress Microfinance European Progress Microfinance FaciFacility (EPMF)lity (EPMF)
Can I access Progress microfinance? Yes, if you:
- want to become self-employed or set up/develop a
microenterprise (<10 employees)
- are unemployed
- have taken time out of the labour market
- have difficulty getting conventional credit How can I apply?
Find out if there are already microfinance providers in your
country supported by PROGRESS (Spain: Instituto de
Credito y Finanzas de la Region de Murcia - ICREF)
European Microfinance NetworkEuropean Microfinance Network
JASMINE (Joint Action to Support JASMINE (Joint Action to Support Micro-Finance Institutions in Micro-Finance Institutions in Europe)Europe)
Technical Assistance:
- evaluation / diagnosis / rating of the selected MFI
- tailor-made training & Business support services
JASMINE Workshops
JASMINE HELPDESK
http://ec.europa.eu/yourvoice/ipm/forms/dispatch?form=jasminhelp&lang=en
European Code of Good Conduct for Microcredit provision
European Microfinance NetworkEuropean Microfinance Network
CIP – SME Guarantee Facility CIP – SME Guarantee Facility (SMEG)(SMEG)
Loan guarantees to encourage banks to make more debt finance available to SMEs, including:
- Loan Guarantees
- Microcredit, guarantees for loans of up to € 25000 to
micro-enterprises with up to nine employees, particularly
entrepreneurs starting a business
- equity and quasy-equity guarantees
- securitisation
Spain: CERSA – Compania Espanola de Reafianzamiento S.A. www.reafianzamiento.es
European Microfinance NetworkEuropean Microfinance Network