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.
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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
As we come together to celebrate the inspiring stories fostered by the spirit of entrepreneurship, we are excited to unveil the fifth feature in our European Microfinance Day Campaign. This edition highlights Hamza Nabil, an exceptional individual whose journey from conflict to entrepreneurial success demonstrates the transformative power of microfinance.
Originally hailing from Mosul, Iraq, Hamza fled his homeland as a teenager in search of safety. In 2015, he found refuge in Greece, where he faced numerous challenges yet discovered his true calling as a beauty content creator and micro-influencer. Through his insightful understanding of the beauty industry and his community’s needs, Hamza launched Hamza Skin in 2023—a brand that breaks traditional barriers in skincare.
Hamza Skin emerged from a commitment to inclusivity amidst a landscape where beauty products were often labeled strictly for men or women. Hamza envisioned a brand that embraces everyone, advocating for honest, natural, and effective skincare. His message resonated widely, especially in the Middle East where his community continues to grow, marking Hamza’s brand as synonymous with hope and authenticity.
However, Hamza’s entrepreneurial journey was not without obstacles. He encountered systemic barriers that hindered access to traditional financing, as rigid requirements often overlooked the potential of micro-entrepreneurs. This “financing wall” posed significant challenges for Hamza but also fueled his determination to succeed.
With the support of a microloan facilitated by AFI Micro, Hamza was able to strengthen his daily operations, purchase essential equipment, and stabilize his cash flow. This financial backing allowed him to operate more efficiently, take on additional clients, and ultimately contribute to the steady growth of his business.
In conjunction with the funding, AFI provided Hamza with tailored guidance and practical support, helping him navigate the complexities of entrepreneurship. Participation in webinars and programs like “Empowering Entrepreneurs: The Resilient Future Program”—a collaboration with Citibank and the International Rescue Committee—deepened his skills and knowledge, ensuring he was well-equipped to manage and grow his business.
Looking ahead, Hamza dreams of expanding his brand further, aspiring to secure larger loans or a small business credit line to support operational scaling. He acknowledges that while the current funding landscape imposes stringent criteria, more flexible requirements would unlock greater opportunities for entrepreneurs like himself.
Hamza’s story is a testament to the essence of microfinance, which is not just about providing capital, but about creating opportunities where they are most needed. His journey underscores how, with determination and the right support, talented individuals can reinvent their lives and contribute to their communities.
We celebrate Hamza and fellow entrepreneurs whose resilience fuels social inclusion and plays a vital role in local economic growth. Each small loan, like those granted to Hamza, weaves a powerful narrative of empowerment, illustrating that everyone deserves a chance to thrive, no matter their circumstances.
Today, we share an inspiring story from the AFI Microfinance, featuring the remarkable journey of Dimitra Triantafyllou, a 56-year-old mother from Sidirokastro in Serres. Dimitra faced daunting challenges, as she found herself unemployed and financially reliant on her family. Despite her extensive experience and unwavering determination, the limited job market made it incredibly difficult for her to achieve financial independence. Yet, amidst these obstacles, Dimitra remained committed to forging a meaningful path not just for herself, but for her community as well.
With the right support from AFI, Dimitra turned her vision into reality by developing a pioneering business idea: a supported living structure tailored for individuals with disabilities. More than just providing housing, her initiative aims to empower residents to lead more independent, self-sustainable, and socially active lives. By creating a safe and inclusive environment, the structure will enable individuals to work, study, and engage in creative activities, promoting personal growth and dignity.
Dimitra plans to lead her venture as the manager, creating employment opportunities for three full-time professionals: a social worker, a nurse, and a psychologist. This holistic approach to support ensures that every resident receives comprehensive care, helping them thrive in their daily lives.
At the core of Dimitra’s vision is a strong commitment to social impact. She envisions a vibrant community where residents can participate in workshops—such as cooking classes, fitness sessions, and cultural activities—that foster inclusion and personal development. Her transformation from unemployment and dependence to purpose-driven entrepreneurship is a powerful reminder of how, with the right support, individuals can alter not only their own lives but also the landscape of their communities.
However, Dimitra faced significant barriers when seeking traditional financing. Her long-term unemployment and lack of a personal income stream rendered her high-risk in the eyes of conventional banks. As a senior entrepreneur in a rural area focused on social impact, she lacked the typical collateral and credit history necessary to secure a startup loan.
Fortunately, AFI stepped in to provide a tailored microloan, bridging the gap created by her exclusion from traditional banking options. This critical funding allowed Dimitra to gather the necessary capital to launch her supported living structure. In addition to financing, she also received specialised training and personalised mentoring to refine her business plan, equipping her with the managerial skills and legal knowledge required to operate a complex social care facility. This comprehensive support system transformed her vision into a sustainable reality while instilling confidence in her ability to lead a multidisciplinary team.
AFI continued to support Dimitra beyond her initial funding by offering a second microloan to help address cash flow challenges caused by delayed payments from the Greek state. This flexible financing ensured seamless operations, allowing her to manage immediate expenses like staff salaries and day-to-day costs without disruption. By responding proactively to her needs, AFI played a pivotal role in safeguarding both her business’s stability and the essential services she offers to her beneficiaries.
Today, Dimitra’s business has reached a significant milestone, operating at full capacity with a stable cash flow. With the hiring of her full-time professionals, she is free to shift her focus to organising extra-curricular workshops and social inclusion activities—crucial elements of her vision for dignity and independence for her residents.
Dimitra’s journey exemplifies the profound impact of supporting senior women who often face exclusion from the labor market. Unemployment later in life can lead to financial instability and social isolation, particularly for women in rural areas. By providing access to microfinance and guidance, AFI aims to unlock the potential of individuals like Dimitra, enabling them to reclaim their independence and build meaningful, sustainable livelihoods.
Her initiative represents not just a personal triumph, but also a vital opportunity to generate employment, address pressing societal needs, and reinforce local communities. Microfinance plays a crucial role in supporting social impact enterprises that confront both economic and societal challenges. By prioritising unemployed individuals, senior women, and people living in rural areas, it helps to bridge structural gaps and create inclusive opportunities.
Investments in purpose-driven businesses—such as care services, community initiatives, and social enterprises—yield multifaceted benefits, including job creation, improved access to essential services, and enhanced social cohesion. Ultimately, the essence of social impact in microfinance lies in empowering individuals to become active contributors to their communities while fostering sustainable and inclusive local development. Through the journey of Dimitra Triantafylou, we are reminded of the transformative power of support, resilience, and entrepreneurship.
We are excited to announce our partnership with DevelopmentAid, the leading information service provider for international development aid and humanitarian assistance stakeholders. Their mission is to deliver up-to-date, relevant information for donors, agencies, consultancies, NGOs, and individuals in the international development sector.
To introduce DevelopmentAid’s services and demonstrate how they can benefit EMN members, we will host a webinar on Tuesday, June 9th, at 2 PM CET.
During this session, participants will learn about exclusive advantages, including a one-month free access to their platform. If you’re interested in enhancing your knowledge and resources, please register at this link.
In the heart of Bari, Italy, a remarkable story of transformation and determination unfolds through the journey of Dmytro Nevynnyi, a 27-year-old entrepreneur originally from Ukraine. Dmytro’s path took a pivotal turn at the age of 17 when he arrived in Italy, evolving from a dental technician to a passionate massage therapist and business owner.
Discovering a New Calling
Dmytro’s journey toward entrepreneurship was fueled by his innate desire to help people. While still in his early career as a dental technician, he discovered his natural ability for massage and body treatment techniques by assisting friends with shoulder pain. This experience prompted Dmytro to invest in his education, leading to formal training in massage therapy and body treatment techniques, through which he acquired multiple certifications.
Establishing Grizzly Studio
Armed with newfound skills and motivation, Dmytro founded Grizzly Studio, a massage and body treatment studio situated in the vibrant center of Bari, in the region of Puglia. Grizzly Studio offers a range of services, including relaxing and anti-cellulite massages and drainage treatments. Dmytro approaches each client with a personalised touch, carefully considering their medical history before delivering therapy.
However, like many young entrepreneurs, Dmytro faced challenges in accessing conventional loans to fund his startup. His limited experience, lack of financial records, and status as a migrant entrepreneur presented significant barriers.
PerMicro’s Support: A Turning Point
Recognising the potential of Dmytro’s vision, PerMicro stepped in to provide essential support. Through the “Futurae” project—a collaboration involving Unioncamere, Banca Etica, and PerMicro—Dmytro received comprehensive training that equipped him with vital entrepreneurial, technical, and managerial skills. This training was crucial in helping him develop not only his business acumen but also his confidence in navigating the complexities of entrepreneurship.
With the assistance of a loan from PerMicro, Dmytro was able to secure a professional space for Grizzly Studio, purchase necessary furniture, and invest in advertising to promote his services. The process was made smoother with the guidance of Filomena Lattanzi, the manager of the PerMicro branch in Bari, who worked closely with Dmytro to prepare a robust business plan and manage the required documentation.
Making an Impact
Today, Grizzly Studio stands as a testament to Dmytro’s dedication and commitment to his craft. Beyond providing therapeutic services, Dmytro demonstrates a customer-oriented approach, engaging clients through creative and informative content on his Instagram page. His journey reflects not only personal success but also significant social impact.
PerMicro’s investment in Dmytro has yielded numerous benefits, including:
- Supporting the economic inclusion of a migrant entrepreneur.
- Promoting self-employment and local economic development.
- Facilitating the establishment of a sustainable small business.
- Encouraging financial inclusion and empowerment.
Filomena Lattanzi speaks highly of Dmytro, describing him as passionate, professional, and possessing “the mind of an entrepreneur.”
Looking Ahead
As Dmytro continues to grow Grizzly Studio, he remains focused on self-improvement and business expansion. His story emphasises how microfinance institutions like PerMicro can play a pivotal role in empowering individuals, supporting integration, and fostering economic independence.
In a world where challenges abound, Dmytro’s journey stands out as an inspiring narrative of perseverance, passion, and the transformative power of community support.
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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