The e-MFP Summer 2018 Newsletter is now out with:
* Update on the call for applications for the €100,000 European Microfinance Award on Financial Inclusion Through Technology;
* Past Awards revisited;
* Offsite Session - our joint event with the Financial Inclusion Forum UK;
* Save the Date for European Microfinance Week 2018;
* What Role can Microfinance Play in Increasing Access to Affordable Clean Energy?;
* Focus on the Responsible Inclusive Finance Facility in Southeast Asia (RIFF-SEA);
* 100 Smart Certifications - a Milestone for Responsible Inclusive Finance;
* A look at the new study 'Critical Capital for African Agri-food SMEs';
* Updates from our Action Groups
* plus all the latest news and activities from e-MFP and its members complete the edition.
Read the online version here
Read the pdf here
The ILO’s Social Finance Programme is inviting proposals from financial institutions in Indonesia and the Philippines that aim to implement an integrated risk-management solution for low-income households and/or small enterprises. The objective is to test risk-management solutions that combine savings, credit, insurance, and risk prevention. The ILO seeks partners for whom improving customers’ ability to manage risks is a strategic priority and who have the potential to leverage technology to scale the innovations quickly and achieve sustainability, while improving customers and shareholder value.
We are looking for partners that are interested in implementing innovations in the following areas:
* Bundling a range of financial services that improve consumers’ ability to manage risk
* Developing risk management solutions that supplement existing social pro... Read more
'The issue of the cost of lending to SMEs has been raised repeatedly by President Joko Widodo. On taking office in 2014, the lending rate of government-backed microloans for MSMEs known locally as KUR, was as high as 22% (See Indonesia is Behind the Global Curve on Monetary Policy). The figure was deemed “unfair” and “dangerous” by Vice President Jusuf Kalla and was radically slashed by half in 2015 to 12%. In a bid to further boost SME growth, in January 2016 the government again lowered the lending rate, this time to as low as 9%. The Indonesian government has since this announced plans to further slash the lending rate next year, which will be the third lending rate cut in as many years (See Indonesia's Microfinance Sector Overview: Key Component for Sustainable Growth).
Moreover, the government has also decided to set an ambitious KUR disbursemen... Read more
Indonesia's microfinance sector performed healthily throughout 2015 with almost all financial institutions recording significant credit growth. The volume of microcredit disbursed by the country’s largest state-owned bank, Bank Mandiri, for example, rose to 42.48 trillion IDR as of the end of December 2015, up 22.9% over December 2014.
According to data from the Ministry of Cooperatives and Small and Medium Enterprises, the number of SMEs in the country reached 55.2 million, consisting of 54,559,969 micro enterprises.
The Financial Services Authority (OJK) also noted that Indonesian banks in general have complied with the OJK rules that mandate them to allocate 10% of their loan portfolio to small and medium enterprises (SMEs) in 2016 which will be increased to 20% in 2018. The Indonesian government’s support for SMEs continues to improve to... Read more
Boulder Microfinance organizes the 22nd Edition of the Boulder Microfinance Training Programs to be offered in English and French at International Training Centre of the ILO,Turin.
€100,000 prize to be awarded during European Microfinance Week in November
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The European Microfinance Platform is pleased to announce that the 6th European Microfinance Award recognises microfinance in post-disaster, post-conflict areas and fragile states, and welcomes applications from institutions that operate in post-disaster/post-conflict areas and provide financial and non-financial services aimed to increase the resilience of the affected, vulnerable population.
The Award of €100,000 is granted by the Luxembourg Ministry of Foreign and European Affairs – Development Cooperation and Humanitarian Affairs and is jointly organised by the Ministry, the European Microfinance Platform (e-MFP) and the Inclusive Finance Network Luxembourg (InFiNe.lu) in cooperation with the European Investment Bank (EIB). It will be presented on... Read more
Microfinance and banks: are we the right partners?
The event intends to be a meeting of minds, ideas and experiences. Over 300 participants are expected to attend, including European Micorfinance Network (EMN) member organizations, speakers, and representatives from other institutions active in the microfinance sector.
Microfinance practitioners from both Europe and developing countries will be invited to share, exchange and challenge best practices in microfinance. EMN aims to achieve in-depth and interactive knowledge sharing within its plenary sessions, workshops, roundtable meetings, and open space dialogues.
The general objective of the conference will be to discuss the cooperation potential between traditional financial institutions and the microfinance sector so that greater collaboration and cohesion is enhanced between both sectors in reaching out to the underserved.
visit the EMN conference website for more information.