EIB involvement in the microfinance industry
The EIB supports the microfinance industry knowledge and expertise through:
- Sponsored Research
Mobile financial services in Mediterranean Partner Countries: An EIB study aiming to contribute to the development of alternative financial service distribution models based on prepaid electronic payment systems and cellular technology in order to help address the problem of limited access to financial services in Mediterranean partner countries by promoting mobile banking.
Digital financial services (DFS) in Africa: An EIB study explaining the success of DFS in Kenya and presenting challenges and opportunities for the development of DFS in the seven other countries where the study took place: Benin, Cameroon, Mozambique, Nigeria, Senegal, Uganda and Zambia.
University Research Sponsorship Programme (EIBURS)
The EIB University Research Sponsorship Programme (EIBURS) provides grants of up to EUR 100 000 per year for a period of three years to EU university research centres working on research topics and themes of major interest to the Bank.
For the period 2012-2015 the EIBURS programme has been financing one line of research dedicated to microfinance on the theme: The rising of credit risk in microcredit: origins, warning signals, current state and future prospects. The research has been conducted by Université Paris 1 Panthéon-Sorbonne and will be completed mid-2015 and disseminated to all industry stakeholders thereafter.
For the period 2014-2017, another EIBURS microfinance line of research will be financed on the topic of Impact of Microfinance on Financial and Social Inclusion ”, and will be conducted by the University College Dublin, Geary Institute (Ireland), partnering with the Universities of Bordeaux and Geneva and the European Microfinance Network.
Partnerships with universities: The EIB Group, through the EIB Institute is a partner of the "University Meets Microfinance" (UMM) programme. University Meets Microfinance (UMM) is a European initiative which fosters cooperation between universities, students in Europe and microfinance practitioners to contribute to microfinance innovation and education for development.
The EIB Group sponsors feasibility and market studies to support and increase the efficiency of its projects.
- "Microfinance in Europe - A market overview".
- EIF Working Paper n. 13: "Progress for Microfinance in Europe"
- Microfinance is also addressed in some general publications relating to SMEs in Europe, such as in the European Small Business Finance Outlook. An article about “Microfinance in Europe” can be found in the APS Bank book (page 49-86).