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European Microfinance European Microfinance Network Network Jorge Ramirez - European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance Microfinance in Europe in Europe V Reunion Anual V Reunion Anual Consorcios Espanoles Consorcios Espanoles miembros de la Red miembros de la Red Enterprise Europe Enterprise Europe Network Network 6th June 2012, 6th June 2012, Palma de Mallorca Palma de Mallorca

European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

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Page 1: European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

European Microfinance NetworkEuropean Microfinance Network

Jorge Ramirez - European Microfinance Network Jorge Ramirez - European Microfinance Network

Microfinance Microfinance in Europein Europe

V Reunion Anual V Reunion Anual Consorcios Espanoles Consorcios Espanoles miembros de la Red miembros de la Red Enterprise Europe Enterprise Europe NetworkNetwork

6th June 2012, 6th June 2012,

Palma de MallorcaPalma de Mallorca

Page 2: European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

DefinitionDefinition

European Microfinance NetworkEuropean Microfinance Network

Page 3: European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

European Microfinance NetworkEuropean Microfinance Network

Focus on social inclusion, entrepreneurship and job creation Focus on social inclusion, entrepreneurship and job creation rather than profitability. rather than profitability.

Main featuresMain features

Page 4: European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

European Microfinance NetworkEuropean Microfinance Network

HistoryHistory

Page 5: European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

European Microfinance NetworkEuropean Microfinance Network

MissionMission

Page 6: European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

European Microfinance NetworkEuropean Microfinance Network

StrategyStrategy

Page 7: European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

European Microfinance NetworkEuropean Microfinance Network

MembersMembers

Page 8: European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

Spanish Members (15)Spanish Members (15)

8European Microfinance NetworkEuropean Microfinance Network

Page 9: European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

European Microfinance NetworkEuropean Microfinance Network

EMN strengthens its members EMN strengthens its members and develops exchange…and develops exchange…

Page 10: European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

European Microfinance NetworkEuropean Microfinance Network

EMN develops research, increases EMN develops research, increases visibility and creates links between visibility and creates links between stakeholdersstakeholders

Page 11: European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

European Microfinance NetworkEuropean Microfinance Network

EMN participates in improving EMN participates in improving the regulatory environmentthe regulatory environment

Page 12: European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

European Microfinance NetworkEuropean Microfinance Network

Microfinance in Europe

Page 13: European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

European Microfinance NetworkEuropean Microfinance Network

Characteristics of Characteristics of microfinance in Europemicrofinance in Europe

Page 14: European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

European Microfinance NetworkEuropean Microfinance Network

The social contextThe social context

Page 15: European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

European Microfinance NetworkEuropean Microfinance Network

The financial contextThe financial context

Page 16: European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

European Microfinance NetworkEuropean Microfinance Network

Existing SMEs

New traditional enterprises

Market gap to be filled by banks

Income-generating activities

Microentreprises set up by excluded persons Market gap to be filled by

specialised insitutions

Market segmentationMarket segmentation

Page 17: European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

European Microfinance NetworkEuropean Microfinance Network

Part of existing programmes of development banks

Political pressure at the basis

Sometimes image problem for reaching out to clients and make them pay

Institutional support programmes

Special entities of banks

ONG, focus on specific groups

ONG, focus microfinance

Small scale (exemption: Prince Trust)

Finance seen as added value for enterprise support

Inspired by international practice

Integrated non financial services

ADIE in France, Per Micro in Italy, ANDC in Portugal

DMI in Germany, Finnvera in Finland, Fonds de Participation in Belgium, ICO in Spain, ...

PSYBT in UK, Banco Mundial de la Mujer in Spain, Autonomia Foundation in Hungary, etc

Microbank and Savings Banks Foundations in Spain, Millennium Microcredito in Portugal, Microstart (ADIE & BNP) in Belgium

Recent developmentStrong growth

Synergy effects on costs due to existing infrastructure.

European Microfinance Institutional European Microfinance Institutional models models

NBFI, Foundation microfinance approachCredal in Belgium, Fair Finance in UK, Patria Credit in Romania, Mikrofond in Bulgaria, etc – MFIs in Eastern Europe and Credit Cooperatives in Western Europe

Page 18: European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

European Microfinance NetworkEuropean Microfinance Network

Page 19: European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

European Microfinance NetworkEuropean Microfinance Network

Page 20: European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

European Microfinance NetworkEuropean Microfinance Network

An enabling European policyAn enabling European policy

Page 21: European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

European Microfinance NetworkEuropean Microfinance Network

European Progress MicrofiEuropean Progress Microfinance nance Facility (EPMF)Facility (EPMF)

Page 22: European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

European Microfinance NetworkEuropean Microfinance Network

European Progress Microfinance European Progress Microfinance FaciFacility (EPMF)lity (EPMF)

Can I access Progress microfinance? Yes, if you:

- want to become self-employed or set up/develop a

microenterprise (<10 employees)

- are unemployed

- have taken time out of the labour market

- have difficulty getting conventional credit How can I apply?

Find out if there are already microfinance providers in your

country supported by PROGRESS (Spain: Instituto de

Credito y Finanzas de la Region de Murcia - ICREF)

Page 23: European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

European Microfinance NetworkEuropean Microfinance Network

JASMINE (Joint Action to Support JASMINE (Joint Action to Support Micro-Finance Institutions in Micro-Finance Institutions in Europe)Europe)

Technical Assistance:

- evaluation / diagnosis / rating of the selected MFI

- tailor-made training & Business support services

JASMINE Workshops

JASMINE HELPDESK

http://ec.europa.eu/yourvoice/ipm/forms/dispatch?form=jasminhelp&lang=en

European Code of Good Conduct for Microcredit provision

Page 24: European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

European Microfinance NetworkEuropean Microfinance Network

CIP – SME Guarantee Facility CIP – SME Guarantee Facility (SMEG)(SMEG)

Loan guarantees to encourage banks to make more debt finance available to SMEs, including:

- Loan Guarantees

- Microcredit, guarantees for loans of up to € 25000 to

micro-enterprises with up to nine employees, particularly

entrepreneurs starting a business

- equity and quasy-equity guarantees

- securitisation

Spain: CERSA – Compania Espanola de Reafianzamiento S.A. www.reafianzamiento.es

Page 25: European Microfinance Network Jorge Ramirez - European Microfinance Network Microfinance in Europe Microfinance in Europe V Reunion Anual Consorcios Espanoles

European Microfinance NetworkEuropean Microfinance Network