THE VOICE
MICROFINANCE
We promote microfinance as a tool to overcome social and financial exclusion.
EMN
Conference 2026
Join us in Barcelona, Spain, from 14-16 October 2026, for insightful discussions and networking.
Resilience
Financial Health
Supporting vulnerable entrepreneurs through economic challenges.
European
Highlighting the impact of microfinance on social and economic inclusion since 2014.
Peer-to-Peer
visits
Exclusive for EMN members to explore best practices and deepen expertise on key themes
Latest opportunities
MICROFINANCE
Discover open calls for proposals, applications, and expressions of interest in the microfinance sector
Shaping the future of microfinance
Our work

Advocacy
The development of microfinance in Europe has encountered many legal and political obstacles. It is therefore important that the European Microfinance Network be strongly involved in advocacy on a wide range of issues related to microfinance, micro-enterprises, social and financial exclusion, self-employment and employment creation.

Knowledge Exchange
The peer-to-peer exchange visits, exclusively intended for EMN members, provide each EMN member with the opportunity to visit another member on a specific theme, in order to deepen the understanding of their work, to encourage exchange of good practices and to develop expertise. These bilateral exchanges, tailor-made to members’ needs and expectations, also facilitate cooperation and collaboration between EMN members.

Research
The development of microfinance in Europe has encountered many legal and political obstacles. It is therefore important that the European Microfinance Network be strongly involved in advocacy on a wide range of issues related to microfinance, micro-enterprises, social and financial exclusion, self-employment and employment creation.

Working Groups
EMN organises Working Groups to strengthen the involvement of its members in the Network. The activities carried out by the different Working Groups are very diverse: organisation of workshops, elaboration of research papers, publications, creation of new tools for microfinance management, etc.
Discover who we are
About us
European Microfinance Network is an NGO that connects microfinance institutions, social finance organizations, and other stakeholders throughout Europe (EU and candidate countries). Since 2003, with the help of members from EU countries and candidate countries, EMN has played an important role in cultivating collaboration, encouraging innovation, and knowledge sharing across the microfinance ecosystem. We partner with EU institutions like the EIF and EIB, as well as corporations, to implement projects across Europe. EMN, together with other partners, also developed the Code of Good Conduct to ensure high standards in microfinance operations and protect clients’ interests.
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The future of microfinance is stronger together
Our network
We are proud to have 95 members from 23 countries, including EU and candidate countries. Among these, 27 organizations follow the Code of Good Conduct, showcasing their dedication to high standards in microfinance. Inside EMN there are 11 national networks that are focused on advocating for microfinance as a tool for overcoming social and financial exclusion. Inside of EMN members are collaborating across regions in project consortia and also establish partnerships between themselves for developing dedicated financial products.
EMN amplifies its support for its members through partnerships with companies offering tailored value, enabling the creation of customized events and services. Members also receive assistance from EMN in applying for SIFTA technical support, organizing study visits, and obtaining the COGC. Additionally, EMN offers its support and knowledge to members in conducting research on specific needs, like impact assessments, ensuring they are well-equipped to thrive in the evolving microfinance landscape.
Explore our latest news
Latest news
In the picturesque municipality of Castrillo del Val, a groundbreaking initiative known as Magea is making strides in transforming education and community development. Established as a non-profit social initiative, Magea operates through a worker cooperative managed by four dedicated women. Each partner holds equal ownership and decision-making power, reflecting a commitment to cooperation instead of competition.
Magea serves as a beacon of hope in rural education, focusing on three main areas of activity: a Rural Early Childhood and Primary Education School, a Training Centre aimed at supporting childhood education, and an Educational Leisure Centre designed for creative learning and community engagement. Over the past decade, Magea has evolved into a replicable model that addresses the unique demographic and educational challenges faced by rural communities, with a particular emphasis on enhancing educational leisure activities.
The organisation’s heart beats in its educational leisure activities, catering primarily to children from Burgos city. These programs immerse participants in experiences that bridge the gap between urban life and rural traditions, exposing them to natural materials, traditional crafts, community life, and intergenerational knowledge sharing. Magea’s holiday camps and educational birthday celebrations are particularly noteworthy, fostering an environment of learning through play.
Despite its successes, Magea has faced significant challenges, particularly regarding access to financing. The cooperative initially struggled with securing traditional loans due to its unique legal structure and non-profit focus. However, perseverance paid off when they successfully negotiated terms to avoid onerous personal guarantees. Currently, Magea sustains itself primarily through school tuition and fees from educational activities, while grants and public funding are reinvested to improve resources and infrastructures.
Celebrating its 12th year, Magea is in a stage of growth and consolidation. Recent developments include the addition of a new Primary Education classroom to meet the rising demand for an educational approach grounded in active pedagogies. Moreover, the cooperative’s expansion into rural municipalities has led to an increase in innovative educational initiatives that encourage community participation and collaboration.
Looking to the future, Magea aims to enhance its educational offerings while remaining committed to sustainable practices and social impact. They aspire to set a standard in Burgos for respectful and educational children’s birthday celebrations and to continue fostering a strong educational project deeply rooted in community values.
Magea exemplifies how education can be a transformative tool, forging connections and creating vibrant community networks in both urban and rural settings. As it continues to grow, the cooperative remains devoted to its mission of providing respectful, innovative, and impactful educational experiences that resonate with the needs of today’s children and communities. In doing so, Magea not only enriches the lives of its students but also serves as an inspiring model for others seeking to make a difference in their own communities.
The Magea’s initiative is supported by EMN member, CEEI Burgos.
In an inspiring story of resilience and entrepreneurship, Vanessa Freitas, originally from Brazil, has made her mark in Belgium by creating a holistic haircare and wellness brand specifically tailored for textured and mixed hair types. Since moving to Belgium in 2017, Vanessa has navigated the challenges of being an migrant entrepreneur and has turned her personal struggles into a successful venture, largely with the support of Microstart.
Growing up in an environment where opportunities had to be created rather than simply handed out, Vanessa’s entrepreneurial spirit was ignited early on. Upon her arrival in Belgium, she quickly identified a gap in the market: the absence of haircare products suitable for her hair texture. Rather than waiting for someone else to address this need, Vanessa began to experiment with natural ingredients in her kitchen, crafting homemade solutions that not only catered to her requirements but also resonated with others facing similar challenges.
A pivotal moment occurred in 2022 when Vanessa participated in a women entrepreneurs event organised by Microstart. This experience was instrumental in transforming her spontaneous idea into a structured business project. Microstart equipped her with the tools, confidence, and network necessary to elevate her concept to the next level. With their mentorship, coaching, and resources, she gained the clarity and direction required to launch her brand: Archetype.
Vanessa’s business extends beyond haircare; it embodies a philosophy that intertwines beauty with well-being. Her products, created from natural ingredients like essential oils and plant extracts, are designed to promote self-care and encourage women to embrace their unique beauty through daily haircare rituals. By focusing on empowerment and representation, her brand plays a crucial role in supporting women with underrepresented hair types in their journeys toward self-acceptance and wellness.
However, the road to success has been fraught with obstacles. As a migrant entrepreneur lacking family support or financial backing, Vanessa encountered significant challenges in accessing traditional financing. The beauty and wellness sector is often overshadowed by technology-focused start-ups, making it difficult to secure necessary funds through conventional banking channels. This is where Microstart’s alternative financing solutions and support became essential.
With Microstart’s backing, Vanessa overcame financial hurdles, enabling her to scale production and enhance her branding. She has received orders from across Europe, including countries like the United Kingdom, Ireland, Italy, and Austria, demonstrating the international appeal of her innovative products. As her venture continues to expand, Vanessa is exploring crowdfunding as a method to further enhance her brand and cultivate a strong community around her mission.
Vanessa’s success story exemplifies the profound impact of microfinance, especially for migrant women entrepreneurs who often face systemic barriers in traditional funding systems. Through Microstart’s comprehensive support, she has built not only a sustainable business but also a community that champions diversity, representation, and self-empowerment.
In reflecting on her journey, Vanessa emphasises the significance of perseverance and the power of community support. Her dream extends beyond simply creating a product; it encompasses building a movement that empowers women to recognise their worth and beauty. Today, her brand stands as a beacon of hope and inspiration for aspiring entrepreneurs everywhere, illustrating what can be achieved with passion, determination, and the right support.
As Vanessa Freitas continues to grow her brand, she is not just providing products but also sharing a message of empowerment and self-care—reminding us all of the importance of embracing our unique identities.
In today’s fast-paced world, parents seek convenience and functionality without compromising the safety and comfort of their children. Michaela Andrejaš, a former Czech attorney and seasoned babywearing educator, identified a significant gap in the market for baby carriers. After nearly a decade of hands-on experience working with parents, she recognized an ongoing struggle: existing products were often complex and failed to support parents effectively in carrying their babies.
Motivated by her experiences and insights, Michaela founded babyloop, a transformative startup dedicated to revolutionizing the babywearing experience. The vision behind babyloop is simple yet powerful: to create a next-generation baby carrier that simplifies the process of carrying infants and toddlers, ensuring parents feel confident and secure from the very first use.
At the core of babyloop is a patented mechanism that guarantees correct and secure positioning for babies, eliminating the uncertainty often associated with traditional carriers. This innovative design not only enhances usability but also addresses the primary limitations of existing solutions. The babyloop carrier is adaptable, suitable for newborns through preschoolers, ultimately replacing the need for multiple carriers with one versatile system.
As an early-stage startup, babyloop faced the typical hurdles of securing initial funding. Traditional financing avenues often deem such ventures too risky, and securing investment at this stage can be daunting. This is where microfinance stepped in, providing the critical financial support needed to advance the product’s development. Through initiatives like SheFUND and partnerships with organizations such as Funds For Good and Microstart, Michaela accessed interest-free funding with flexible terms. This support not only facilitated continued product development but also provided invaluable visibility and credibility in the market.
The backing from microfinance institutions (MFIs) plays a crucial role in supporting budding entrepreneurs like Michaela. By providing the necessary resources, MFIs help translate innovative ideas into operational businesses that generate revenue and create jobs. This relationship fosters a sustainable ecosystem that understands and addresses the unique challenges faced by early-stage founders. For Michaela and babyloop, it meant the difference between stagnation and momentum—transforming initial concepts into tangible income and opportunities.
Currently, babyloop is in the crucial pre-launch phase, finalizing product design and supplier validation while preparing for certification and production. The next step is to take the first batch to market through direct-to-consumer channels and select retail partners. Future plans include expanding across Europe and building a scalable ecosystem that continues to simplify babywearing for parents.
In summary, babyloop is more than just a product; it represents a shift in how parents can engage in babywearing safely and conveniently. Thanks to the combination of innovative design and supportive microfinance, Michaela’s vision is on the brink of becoming a reality, paving the way for a new era of parenting solutions that resonate with the needs of modern families.
Babyloop is supported by EMN member, #SheDidIt.
In the picturesque region of Kefalonia, Greece, where the sun-drenched olive groves flourish, a social entrepreneur is transforming the landscape of sustainable agriculture and food access. Andreas Stefanidis, with over 25 years of diverse experience in business education, research, and entrepreneurship support, stands at the forefront of this initiative. His journey illustrates a compelling narrative of combining deep-rooted traditions with a vision for a sustainable future.
Andreas earned his BA in Business Administration from the State University of New York at New Paltz, graduating Magna Cum Laude in 1994. He went on to teach at prestigious institutions including the New York College and the University of New York Tirana. Since 2014, he has led the Aephoria.net incubator, focusing on Blue Growth and sustainability, while also managing several European Union-funded projects aimed at fostering bio-farming networks.
Recognising the limited international visibility of Greek organic products, Andreas founded BioGastronomy.eu. This innovative digital platform serves as a B2B hub, connecting certified and non-certified Greek and European farmers who embrace sustainable and regenerative practices with international buyers and chefs. By advocating for transparent food systems, Andreas aims to celebrate culinary culture while promoting high-quality agricultural products—particularly those from his homeland, renowned for its rich olive oil heritage.
At the heart of BioGastronomy.eu is a commitment to traceability and quality. The platform showcases producers through detailed profiles that include geographic origins, cultivation practices, and product certifications. Unlike traditional e-commerce sites, it facilitates connections rather than direct sales, utilising a subscription model that offers producers access to various services, including marketing consultancy and networking opportunities with sustainable chefs and local businesses.
Despite its promise, the venture faces significant challenges. As a sole proprietorship, BioGastronomy.eu lacked the collateral and revenue history commercial banks typically require for financing. This hurdle, common among startups, was particularly daunting given the project’s pre-revenue status. However, hope emerged through the Microloan Fund TEPIX III, which provided a crucial €25,000 loan—the only viable funding avenue for the project.
This microloan has catalysed four key investment areas for BioGastronomy.eu. Firstly, it facilitated the development of a robust digital platform that integrates multi-language capabilities and producer profiles, ensuring a seamless user experience. Secondly, it allowed for the creation of a compelling corporate identity and branding strategy, vital for capturing the attention of an international audience. Additionally, targeted digital advertising campaigns in key markets—including Germany, France, and the USA—were launched to promote the platform effectively. Lastly, the funds enabled participation in prestigious European organic trade fairs, providing a significant opportunity to establish business connections and showcase the platform to potential partners.
Andreas’ journey is not merely about profit; it is deeply anchored in creating a sustainable food ecosystem that benefits both producers and consumers. His story embodies the spirit of social entrepreneurship—leveraging expertise and technology to connect traditional farming practices with modern market needs, ultimately benefiting people and the planet alike.
As BioGastronomy.eu prepares to launch and expand its offerings, starting with certified organic olive oil and branching out to honey, herbs, and nuts, Andreas remains committed to his goal of elevating Greece’s agricultural products on the international stage. By promoting sustainability and innovation, he is not only nurturing the resources of Kefalonia but also crafting a narrative that empowers farmers and reshapes how we connect with food.
In a world increasingly focused on sustainability, Andreas Stefanidis stands as a beacon of hope and possibility, illustrating how microfinance can empower entrepreneurial visions that are as rich and complex as the landscapes from which they arise.
Explore our latest publications, reports, and insightful studies
Latest publications
This 13th edition of the Survey on Microfinance in Europe, produced by the European Microfinance Network (EMN) and the Microfinance Centre (MFC), draws on data from 198 microcredit providers operating across 30 European countries in 2024.
While the primary focus is on EU-27 countries, the survey also includes data from candidate and potential candidate countries, offering a comprehensive picture of the sector’s European footprint. This edition places a particular emphasis on social outreach to vulnerable groups and microbusinesses.
Microfinance overview surveys
In this publication, the European Microfinance Network describes the latest legislative developments in Greece regarding microfinance.
Regulatory reports
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