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Microfinance In Europe: A Survey Of Emn-Mfc Members. Report 2014/2015


  • BOTTI, Fabrizio

    (European Microfinance Network aisbl, Brusselles, Belgium)

  • DAGRADI, Diego Luigi

    (European Microfinance Network aisbl, Brusselles, Belgium)

  • TORRE, Luca Maria

    (European Microfinance Network aisbl, Brusselles, Belgium)


The 2014-15 EMN-MFC Survey involved a broad range of actors from 22 countries (14 EU Member States). Different regional development paths persist for MFIs in Western and Eastern Europe but also show signs of potential convergence. Microloan providers use a variety of institutional models to operate in heterogeneous legal and regulatory frameworks: survey participants are primarily non-bank financial institutions (60%) and NGOs (31%) but also include other legal forms (i.e. commercial banks, cooperatives/credit unions, government body). The European microcredit sector, as depicted by the 149 surveyed MFIs, is diverse, relatively young and dynamic. The majority of respondents (77%) initiated their microlending activities after 1995. Approximately half of the sample started lending activities between 1995-2004. The vast majority of responding MFIs selected financial inclusion (72%) and job creation (70%) as their primary missions, followed by microenterprise promotion (60%) and social inclusion and poverty reduction (59%). A smaller share of respondents‘ mission statements (20%) emphasize ethnic minorities and/or immigrant empowerment as well as youth employment (18-25 year) goals. More than half of the surveyed MFIs are specialised in microlending activities, which contribute to more than 75% of their overall turnover. The total number of paid staff reached 7,076 full-time equivalent employees in 2015, with a substantial share of women staff (56%) and a significant presence of MFIs with less than 10 employees (42%).

Suggested Citation

  • BOTTI, Fabrizio & DAGRADI, Diego Luigi & TORRE, Luca Maria, 2017. "Microfinance In Europe: A Survey Of Emn-Mfc Members. Report 2014/2015," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 4(1), pages 258-260.
  • Handle: RePEc:vls:rojfme:v:4:y:2017:i:1:p:258-260

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    References listed on IDEAS

    1. Thorsten Beck & Patrick Behr & Andre Guettler, 2013. "Gender and Banking: Are Women Better Loan Officers?," Review of Finance, European Finance Association, vol. 17(4), pages 1279-1321.
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    More about this item


    Microfinance; social and financial exclusion;

    JEL classification:

    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors


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