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European Progress Microfinance Facility (EPMF)
The European Progress Microfinance Facility is a new initiative launched by the European Commission and the EIB Group (the European Investment Bank and the European Investment Fund), in the field of social policy and entrepreneurship to address, in particular, the adverse effects of the global financial crisis on at-risk groups.
It aims at increasing the lending activity to micro-borrowers through a wide range of financial intermediaries. In this context, EPMF, which is expected to be match-funded by EIB, will provide up to EUR 100m to support employment, development of micro-enterprises and the social economy in EU Member States. The Facility will be deployed over the 2010-2013 period in the form of guarantee products and funded instruments.
Documents:
- “A Shared commitment for employment”
- Ex-Ante Evaluation
- Proposal for a Decision of the European Parliament and of the Councilestablishing a European Microfinance Facility for Employment and Social Inclusion (Progress Microfinance Facility)
- Amendement du Parlement Européen (Progress) (15th of December 2009)
- Decision of the European Parliament and the Council establishing a European instrument microfinance for employment and social inclusion - Progress (March, 25, 2010)
Links
Corporate Members
European Microfinance Network - Paris
103 Rue de Vaugirard 75006 Paris - FRANCE Tel: +33 (0)1 42 22 01 19 - Fax: +33 (0)1 42 22 06 44 European Microfinance Network - Brussels in the premises of Fonds de participation - Participatiefonds rue de Ligne 1 1000 Brussels - BELGIUM Tel: +32 2 209.08.38 - Fax: +32 2 209.08.32 |
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