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 Microfinance, 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.

We are thrilled to announce the launch of EMN’s new podcast, microtalk.! This exciting initiative aims to spotlight the inspiring stories of micro-entrepreneurs from Europe and beyond. Each episode will explore important themes such as women entrepreneurs, youth and migrant entrepreneurship, financial inclusion, and financial health.

In celebration of our launch, we are proud to align this initiative with the ongoing European Microfinance Day campaign, which amplifies the voices of micro-entrepreneurs supported by EMN’s member organisations.

The first episode is now available on both Spotify and YouTube! In this captivating premiere, we feature the remarkable journey of Mathieu Beauval, an innovative entrepreneur from La Réunion. Driven by the significant food waste witnessed during the pandemic, Mathieu established “Les Délices de Mamie,” a business focused on creating gluten-free products from overlooked fruits and vegetables. With the support of ADIE, he navigated financial challenges and built a thriving sustainable business, engaging the community and raising awareness about food waste.

Don’t miss out—follow our official podcast pages on LinkedIn and Instagram to stay updated and tune in for future episodes!

In today’s fast-paced world, the challenge of social isolation among the elderly has become increasingly pronounced. In Nuoro, Sardinia, the Vivere Insieme Cooperative is rising to meet this challenge head-on, offering a refreshing approach to elderly care that prioritises community engagement and social connection.

A Unique Approach to Elderly Care

Founded by three qualified healthcare professionals —Lucia, Sabrina, and Emanuela— Vivere Insieme introduces the concept of senior cohousing. This model is founded on the belief that elderly individuals are not mere “patients” or “users” but integral members of the community, deserving of autonomy and social interaction. The cooperative places self-sufficient and partially self-sufficient elderly people at the center of its operations, aiming to enhance their quality of life while reducing feelings of loneliness.

Services Offered to Combat Social Isolation

Vivere Insieme offers a range of services designed to cultivate a vibrant and interactive community. At the heart of its mission are the cohousing facilities that create a supportive environment, allowing residents to share experiences and activities, which helps foster friendships and reduce feelings of isolation. The cooperative places a strong emphasis on personal development through daily activities and programs, including regular workshops and social events that engage residents and promote active aging. Its strategic location in the heart of the city further enhances community integration, providing residents with convenient access to local shops, cafés, and services, which facilitates daily interactions with the broader community. Additionally, Vivere Insieme supports caregivers by providing them relief, allowing them to recharge while ensuring their loved ones are engaged and cared for in a nurturing environment.

The Role of Coopfin and Microfinance

While the vision for Vivere Insieme was ambitious, the journey to its realisation faced significant financial hurdles. The founders encountered challenges securing traditional funding due to the lack of a credit history and assets. This is where Coopfin and microfinance stepped in.

Coopfin provided vital support through tailored microcredit solutions specifically designed for cooperative initiatives. This funding was instrumental in covering the costs of renovations and the initial investments needed to bring their vision to life. Beyond financial assistance, Coopfin also played a crucial role in guiding the cooperative through the startup phases. They helped establish proper management structures, navigate regional registries, and develop essential internal regulations.

Moreover, Coopfin supported Vivere Insieme in creating a robust promotional strategy, including the development of a user-friendly website and communication plan, which were essential for attracting residents and facilitating community engagement.

A Vision for the Future

Now fully operational, Vivere Insieme hosts 15 residents and welcomes several day guests, proving the demand for innovative elderly care solutions. Encouraged by the success of their initial facility, the founders are actively seeking additional properties to scale their operations and establish similar facilities, amplifying their positive impact on the community.

In conclusion, the Vivere Insieme initiative exemplifies how thoughtful, community-oriented services can combat the pervasive issue of social isolation among the elderly. With the support of Coopfin and microfinance, this cooperative has not only transformed the lives of its residents but also enriched the wider Nuoro community. Through dedication, innovation, and collaboration, Vivere Insieme is pioneerising a model that redefines care for the aging population, ensuring they lead fulfilling, active, and engaged lives within their community.