"Microfinance's mission is to provide basic financial services to poor people" (CGAP Definition, Consultative Group to Assist the Poor).
EMN (European Microfinance Network) gathers organisations primarily involved in the European Union and mainly addresses issues related to professional and personal microcredit in Europe, other financial services being still underdeveloped.
Microcredit is defined by the European Commission, as a loan under € 25,000 to support the development of self-employment and microenterprises. It has a double impact: an economic impact as it allows the creation of income generating activities and a social impact as it contributes to the social inclusion and therefore to the financial inclusion of individuals.
In the following sections, we present: