
On 29 April 2025, the European Microfinance Network (EMN), in collaboration with the Women Entrepreneurship Platform (WEP), held a pivotal webinar titled “Unlocking Opportunities: Microfinance 1.01 for Women Entrepreneurs.” The event brought together field practitioners, institutional representatives, and advocates for gender equality in finance to explore the potential of microfinance as a tool for women’s empowerment across Europe and beyond.
Bridging the Gender Gap in Access to Finance
Opening the session, Charlene Lambert, Treasurer of WEP and an advocate for women’s economic leadership, outlined the persistent challenges facing female entrepreneurs. Despite women representing 52% of the EU population, only 34.4% of the self-employed are women. Access to finance remains a significant barrier, particularly in risk capital. In 2024, fully female-founded teams in the UK received only 1.8% of the €9.5 billion in equity investments, compared to 86% going to all-male teams.
Yet research reveals a missed opportunity: female-led tech teams generate a 35% higher return on investment than male-led teams. WEP, an international non-profit based in Brussels, promotes women’s entrepreneurship by aligning policy advocacy, facilitating knowledge-sharing networks, and advancing access to resources through five key pillars: government policy, innovation, access to finance, education and training, and networks.
Case Study 1: NOA (Albania) – Microfinance for Inclusion and Economic Revival
The first case presented was NOA, Albania’s leading non-bank financial institution. With 26 years of experience, NOA is recognized for its inclusive and community-driven approach. Its CEO, Besart Kadia, has led the organization’s transformation to include digital branches, biometric identification systems, and partnerships with rural business networks. NOA currently operates 30 branches, employs 350 staff members, and manages a loan portfolio of over €110 million, with an average loan size of €6,070.
In terms of gender impact:
58% of NOA’s staff are women.
Women hold 53% of senior management positions.
26% of business loans are directed to companies owned or managed by women.
34% of individual loans support women investing in household improvements, business tools, or self-employment.
Stories of women like Genta, the first female wooden boat builder in Albania, or Nebije, a traditional artisan creating jobs for local women, highlight NOA’s tangible impact in empowering women entrepreneurs, many of whom return from abroad to reinvest in their communities.
Case Study 2: AMFI (Bosnia and Herzegovina) – Building an Inclusive Financial Ecosystem
The second case came from AMFI, the Association of Microfinance Institutions in Bosnia and Herzegovina, presented by Executive Director Eldina Mehić. AMFI represents 31 microfinance institutions (MFIs), employing over 2,300 people and serving over 280,000 users, reaching nearly 20% of the country’s population.
Gender inclusion is deeply embedded in the sector:
68% of the microfinance workforce are women.
32% of MFI directors are women.
29% of women hold top management positions, and 40% hold middle management roles.
The sector has disbursed more than €4.5 billion, with 45% going to women.
The microfinance sector in Bosnia also plays a crucial role in supporting low-income entrepreneurs and survivors of domestic violence. Programs combine financial literacy, mentorship, and psychosocial support, offering business opportunities and a pathway to dignity and independence.
AMFI also plays a regional leadership role as co-founder of the Western Balkans Microfinance Alliance and spearheads gender-oriented initiatives like the Wi-Fi CODE, a gender-smart services project supported by the European Bank for Reconstruction and Development (EBRD) and the Central Bank of BiH.
Key Takeaways and Conclusions
The event concluded with strong shared recommendations:
Data Matters: Financial institutions must systematically track gender-disaggregated data to identify gaps and design effective solutions.
Tailored Products: One-size-fits-all financing does not work. Women need accessible, flexible loan structures, often with minimal collateral requirements.
Mentorship and Education: Building financial literacy and business acumen is essential, especially for rural and low-income women.
Partnerships for Impact: Joint efforts between financial institutions, women’s organizations, and policymakers amplify outcomes.
Support Survivors: Microfinance must also address social vulnerability. Supporting women survivors of violence through business advisory and microloans can break cycles of dependence and create new futures.
Policy Advocacy: EMN and WEP reaffirmed their commitment to shaping EU-level policy promoting inclusive entrepreneurship.
A Shared Mission: Finance that Works for Women
As participants agreed, microfinance is not just about access to money but also dignity, growth, and autonomy. The examples from Albania and Bosnia and Herzegovina show that gender-inclusive microfinance models exist, work, and can scale.
Empowering women entrepreneurs means unlocking individual potential and broader economic and social prosperity. As stated in the European Commission’s 2014 communication:
“Encouraging the creation of more women-led businesses will not only bring fresh and creative business ideas but will also empower the role of women in society and create new sources of prosperity and jobs.“

Women entrepreneurs in the Balkans encounter significant challenges in accessing the financial resources needed to launch, sustain, and grow their businesses. Factors such as limited collateral, gender bias in traditional banking, and insufficient financial literacy create substantial barriers.
Microfinance offers a transformative solution by providing women with small loans, mentoring, and tailored financial products, which can help to overcome these obstacles.
This webinar, organized by the Women Entrepreneurship Platform (WEP) in collaboration with the European Microfinance Network (EMN), aims to explore how microfinance can empower women entrepreneurs in this region.
How to register
📆 29 April 2025
🕑 11:00-12:00 CET
🔗 Registrations https://lnkd.in/d_FuwSyR
Co-panelists
- Charlene Lambert, WEP
- Herjola Spahiu, CEO NOA (Albania)
- Elma Zukic, President Association of Microfinance Institutions (Bosnia and Herzegovina)



On 22 May 2024, the European Commission’s Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) will organise a technical workshop to launch a targeted consultation on macroprudential policies for non-bank financial intermediaries.
Information on how to register are available at this LINK.

Exciting News: The Social Inclusive Finance Technical Assistance (SIFTA) is now on LinkedIn! Follow our page to stay up-to-date on our journey of innovation and growth and help us spread the word by resharing this post – let’s continue to stay connected as a community!
The SIFTA programme is funded by European Investment Bank (EIB) and offers free-of-charge targeted capacity building and evaluation services for Microfinance and Social Enterprise Finance providers across the EU27. With SIFTA, you can take your organisation to new heights by unlocking valuable resources and expertise to fuel your growth and success.
SIFTA continues to reinforce the European Microfinance and Social Enterprise Finance sectors. With a strong team of experts, we are supporting both Microfinance institutions as well as Social Finance providers, including impact investors, funds, and accelerators that aim to strengthen the social economy. Bruno Robino, Deputy Head Financial Intermediary Advisory Division at the EIB.
You can have a look at the SIFTA website to learn more about the programme.