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Improving the EU policy environment for micro-enterprises and microfinance

Enterprise and Industry Directorate-General. Improving the EU policy environment for micro-enterprises and microfinance. 4th European Microfinance Conference Berlin, 27 April 2007. Cindy Fökehrer. Microfinance: DG ENTR activities. Policy-making

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Improving the EU policy environment for micro-enterprises and microfinance

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  1. Enterprise and Industry Directorate-General Improving the EU policy environment for micro-enterprises and microfinance 4th European Microfinance Conference Berlin, 27 April 2007 Cindy Fökehrer

  2. Microfinance: DG ENTR activities • Policy-making • “Microcredit for small businesses and business creation: bridging a market gap” Report, November 2003 • Microcredit European Conference, September 2004 • Expert group on the regulation of microcredit 2006-2007 • Financing • Ongoing financial instrument with special focus on promoting micro finance: microcredit window of SME Guarantee Facility

  3. Financial instruments: MAP & CIP

  4. SMEs SMEs How do the Financial Instruments work in practice? European Commission budget EIB and Own Funds Provide funds Counter or Co-Guarantees Invests Guarantee Society Venture capital Fund MFI Financial Intermediary Invests Lends

  5. Financial instruments From the MAP to the CIP (2007-2013): • EIF provides a guarantee (up to 75%) to microcredit providers, on behalf of the Commission • Provides also a lump sum grant of EUR 200 for each micro-loan to partially offset the transaction costs

  6. Useful links • Policies on access to finance • europa.eu.int/comm/enterprise/entrepreneurship/financing/ • http://europa.eu.int/comm/enterprise/entrepreneurship/financing/publications_documents.htm • Financial instruments • europa.eu.int/comm/enterprise/entrepreneurship/financing/instruments.htm • http://eif.org • New CIP programme: • http://europa.eu.int/comm/enterprise/enterprise_policy/cip/index_en.htm

  7. Contact Cindy FökehrerEnterprise & Industry Directorate-GeneralFinancing SMEs, entrepreneurs & innovatorsEuropean CommissionB-1049 BrusselsFax +32 2 295 21 54 Email: verena.foekehrer@ec.europa.eu

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