Favafond wants to create growth and integration by offering micro-loans on business viable terms to immigrants ready to start-up or expand a business in Sweden.

The Microfinance Association (MA) is a non-profit professional membership organisation dedicated to the development and promotion of the Microfinance sector. MA has as mission to develop a new generation of dynamic microfinance practitioners, by actively providing them with the technical knowledge and skills needed in a fast changing and dynamic global economy.

Background and mission

Mikrofonden was founded in 2010 by the cooperative bank Ekobanken, the cooperative start-up consultancy organisation Coompanion and the Swedish Village action group network Rural Sweden. Their first investing member was a trade union. Mikrofonden is a financial institution and a consortium consisting of one national fund and eight regional microfunds.

Mikrofonden' vision : “The social economy organizations in Sweden are financially included, with the help of the Micro Fund, through access to financial services and microcredit. In this way, we contribute to a thriving third sector with good conditions for development and social innovation.“

We have created an inclusive business loan for companies who want to grow, have been struggling in the pandemic, have been rejected by banks or have received bad loan terms. Ponture inclusive loan is cheaper, faster, more flexible and more accessible. With guarantee from the EU.

Singlify is a UK based social enterprise fintech based in London, UK. It is Singlify’s mission to enable microfinance institutions to serve their customers in a better, faster and more efficient way. Singlify provides an end-to-end technology platform built on the Salesforce platform specifically tailored to the microfinance sector.

Singlify is an end-to-end loan management system for social investors and micro-finance organisations. They have built a customer base of currently 14 customers in the UK and Europe and are rapidly expanding to new microfinance customers. Singlify currently serves a number of EMN members such as microStart (Belgium) and Action Finance Initiative (Greece). They also have a strategic partnership agreement with Qredits (Netherlands).