Shaping the future of microfinance

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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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January 15 - August 31

Identify, protect and monetise IP assets

This is a free online training session organized by the European Union Intellectual Property Office (EUIPO) as part of its “Ideas Powered for Business” initiative. It’s designed for business advisers, consultants and other professionals who work with small and medium-sized enterprises (SMEs) and want to understand better how intellectual property (IP) can be used as a strategic business asset. 📌 […]
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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.

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Latest news

Brussels, April 22nd, 2023 – The European Microfinance Network (EMN) held its board meeting in Brussels last week, on April 15th, marking a significant leadership transition as Laure Coussirat-Coustére concluded her tenure as EMN President. The board is pleased to announce the appointment of Stefan Buciuc, CEO of BCR Social Finance from Romania, as the new President.

In his inaugural message, Stefan expressed a profound sense of responsibility and urgency regarding the challenges facing microfinance in Europe.

“Taking on the presidency of the European Microfinance Network fills me with both pride and a sense of urgency. Nearly 95 million people in the European Union live at risk of poverty or social exclusion. Behind that number are individuals with talent, determination, and ideas — held back not by lack of ambition, but by lack of access. Microfinance exists to break that barrier. It is not a safety net; it is a springboard. And as I take on this role, I am determined that our sector steps up to match the scale of the challenge before us — including the profound transformation that artificial intelligence is already bringing to every corner of our economies.

The EU has set out bold commitments through the European Pillar of Social Rights, yet the financing gap for the most vulnerable entrepreneurs remains stubbornly wide. At the same time, the AI revolution is reshaping labour markets at speed, displacing jobs, creating new ones, and — if we are not deliberate — deepening existing inequalities. Those already on the margins are the most exposed. Microfinance providers must be at the forefront of this transition: helping excluded entrepreneurs adopt digital tools, access innovation, and compete in an economy that is changing faster than our policy frameworks can follow.

InvestEU and ESF+ have proven their worth, but we must be honest: the current level of ambition is not enough. We need more resources, faster deployment, and smarter design — instruments built for a 21st-century economy, applicable also for EU candidate countries. Not the ones we had a decade ago. EMN will not be a passive observer in Brussels. We will advocate loudly, with data and with conviction, for a policy environment that treats financial inclusion and economic competitiveness as two sides of the same coin.

The negotiation of the next Multiannual Financial Framework is our defining moment. Europe faces a stark choice: invest seriously in the people and communities left furthest behind, or risk deepening the fractures that already threaten our social and economic fabric. In a world where AI and technological innovation are concentrating wealth and opportunity at the top, the MFF must be an instrument of rebalancing — placing microfinance at the heart of Europe’s competitiveness agenda, not at its margins.

I call on EU institutions and Member States to commit to dedicated, ring-fenced funding, reduced bureaucratic barriers, and a long-term vision that empowers millions of people to build their own economic future. Because a Europe that is innovative and competitive but leaves a third of its people behind is not a success — it is a failure. The European Microfinance Network is ready to lead that fight.”

As part of the leadership changes, Lorraine de Fierlant, General Director at Microstart (Belgium), has been appointed as the new Vice-President of the board alongside with Emanuele Cabras (Coopfin, Italy), and Alexandre Nayme, responsible for BNP Paribas Inclusive Finance in Europe and Africa, joins as a board member.

The EMN remains committed to taking an active stance in advocating for financial inclusion and social equity within the European framework. Stefan’s passionate call to action sets the tone for a concerted effort to ensure that microfinance is not relegated to the periphery but is integrated at the core of Europe’s competitive agenda.

The European Microfinance Network is dedicated to leading the fight for an inclusive economic future, ensuring that the needs of all entrepreneurs, particularly the most vulnerable, are met with urgency and conviction.

Brussels, April 22nd – Last week, Laure Coussirat-Coustère concluded her role as President of the European Microfinance Network (EMN) after two successful mandates, embarking on a new chapter in her career. EMN expresses deep gratitude and pride for the opportunity to have worked alongside Laure, whose contributions have significantly inspired and shaped the microfinance sector in Europe.

In celebration of this transition, we are pleased to share Laure’s heartfelt message to the entire EMN network:

“Dear EMN friends,

As you gather in Brussels to celebrate the European Microfinance Day, EMN enters a new chapter with the appointment of Stefan Buciuc as President. I would like to offer him my warmest congratulations and thank him for taking on this vital mission.

Although I could not be with you in person for this wonderful event, I truly wanted to share these parting words with you.

The true value and greatest asset of EMN lies in its members. You are far more than just dues-paying members; you are active participants—through the General Assembly and the Board of Directors composed of members elected by their peers. Your commitment is also seen in your constant collaboration, sharing best practices, inspiring one another, and upholding the highest standards of quality in our sector.

The impact of EMN is, first and foremost, the collective impact of its members. It is reflected in the thousands of micro-entrepreneurs who receive funding and support each year—empowering them as full economic actors and helping them escape the precarious situations they often faced before starting their journeys.

Furthermore, EMN’s impact lies in the remarkable support framework built in cooperation with the European Commission. Through advocacy and research, we demonstrate the immense value microfinance brings to communities. We are fortunate to operate in an environment where responsible microfinance—balancing financial and social performance—can truly thrive. It is now up to you to defend this unique model for the years to come.

As my own professional journey leads me toward a new challenge, I wish you all the very best on the road ahead.”

EMN looks forward to witnessing the next steps in Laure’s career and wishes her the best of luck in all her future endeavors.

The research will focus on evaluating the impact of climate incidents and physical risk factors on rural communities, analysing the current support mechanisms provided by cooperative banks/MFIs, and proposing financial products and services tailored to the needs arising from such crises. By doing so, Cooperative Bank of Karditsa aims to strengthen its capacity to serve its community better and contribute to the broader goal of sustainable development and climate resilience in the region.

Deadline to apply: October 7, 2024

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The European Association of Service Providers for Persons with Disabilities (EASPD) launches today a joint statement on the next EU Budget, endorsed by 68 European networks and 288 national organisations from 32 countries. Together, the EUFunds4Social coalition calls on the European institutions to safeguard and strengthen a standalone European Social Fund (ESF) and European Regional Development Fund (ERDF).

 

The Multiannual Financial Framework (MFF) is the EU’s seven-year budget. Its current framework sets the spending priorities and ceilings for close to €2 trillion from 2021-2027. The two most relevant programmes for employment, education and social inclusion are the European Social Fund + and the European Regional Development Fund; which invests hundreds of millions each year into the inclusion of persons with disabilities. With the current framework coming to an end in 2027, the European Commission published last summer its proposals for the next 7-year programming 2028-2034. The highlight was a radical change to EU Funding, merging several funding streams (including ESF+ and ERDF) under National and Regional Partnership Plans. Both the Council of the European Union and the European Parliament are now negotiating their own positions on the Commission proposals.

To influence this process, the EUFunds4Social Coalition was set-up to bring the perspective of those who will ultimately be transforming funding into concrete initiatives for people across Europe, especially those most excluded. The Coalition now publishes its fourth joint statement. Launching the Joint Statement, Thomas Bignal, Secretary General of EASPD, highlights:

“the European Commission is right to want to make the biggest impact with the EU’s budget by focusing on big and strategic reforms. From our experience, the EU Budget is at its best when strategic priorities are set at European level, but the programmes themselves are adapted to regional needs. We already have a model for that: ESF+ and ERDF. Let’s build on what works, not overhaul a broadly successful system”.

 

Irene Bertana, Head of Policy EASPD, who also coordinates the EUFunds4Social Coalition, said:

“local and Regional authorities rely on the ESF+ and ERDF to fund social initiatives, including improving access to employment, education and training, and reaching out to those who need it the most. The EU Commission’s current proposal has less guaranteed funding for these initiatives, no earmarking for those most excluded, and risks that the EU budget becomes a bargaining chip between central and regional authorities. This is why we call for ESF+ and ERDF as strong, independent, and protected programmes.”

 

In more technical terms, the statement, endorsed by 356 organisations, including 68 European networks, calls on the European Parliament and Council of the European Union to:

  • Secure strong and dedicated budgets for ESF and ERDF, at least equal to current budgetary funding levels adjusted for inflation, and provided as grants;
  • Maintain the ESF as the EU’s core instrument for people-centred investment, aligned with the European Pillar of Social Rights, the EU Anti-Poverty Strategy, and the Social Economy Action Plan;
  • Preserve current ESF earmarking for social inclusion, child poverty, material deprivation, youth employment, and capacity-building for civil society and social partners;
  • Strengthen and mainstream the partnership principle across all EU funds, including direct funds, ensuring meaningful participation of social actors at all levels of governance;
  • Reinstate and enforce enabling conditions to ensure EU investments uphold fundamental rights and support implementation of the UN Convention on the Rights of Persons with Disabilities;
  • Improve access for small not-for-profit actors through simpler procedures, lighter reporting requirements, stable pre-financing, adequate co-financing, and national helpdesks.

 

The EUFunds4Social Coalition brings together European social services, NGOs, public health and service providers, lifelong learning and social economy actors, workers, and social partners. It represents millions of organisations, enterprises, and people, including those most excluded in society. Since March 2025, its actions aim to ensure social investment is strengthened, not weakened, in the next EU budget. The priority is ensuring that higher social spending is secured, and resources earmarked in particular for supporting the inclusion of disadvantaged people through the next EU budget. Read the full statement here.

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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.

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