ACP-EU Microfinance Programme
The EU/ACP Microfinance Framework Programme helps poor people in African, Caribbean and Pacific (ACP) countries get better access to appropriate financial products and services. The Programme takes a three-pronged approach to improve the effectiveness of microfinance operations in ACP countries by:
Building Capacity: Strengthening Institutions
One of the main bottlenecks in microfinance in ACP countries is the lack of retail financial capacity. To address this, the EU/ACP Microfinance Programme awarded eleven grants following a one-off Call for Proposals in June 2005. The implementing partners are using the grants to diversify financial services for the poor, develop new products beyond microcredit, make better use of technology, and enhance transparency.
The Programme has also developed separate initiatives to build capacity of Caribbean and Pacific microfinance actors in collaboration with the regional microfinance networks.
Learn more about our capacity building efforts.
Ratings and Information Systems: Stimulating Improvement
The Programme co-financed more than 70 ratings of ACP Microfinance Institutions (MFIs) through the Rating Fund to improve information available on the risk and performance of microfinance institutions. Starting in January 2008, the Programme will also fund the Information Systems Programme in order to assist ACP MFIs with IT expertise.
Learn more on ratings and information systems.
Transparency & Efficiency: Promoting a Shared Goal
The Programme and CGAP share a goal of promoting institutional and product diversity, building transparency, and enhancing regulatory and policy frameworks. CGAP has a dedicated Africa initiative and provides advice to many African governments and Central Banks.
Learn more on transparency and efficiency.
The EU/ACP Microfinance Programme is a promising model for the professionalisation of the EC’s support to microfinance. Learn how the Programme could affect future programming.
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