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Microcredit

In the current economic climate, microcredit is an important tool for generating growth and jobs in the EU. Several countries have introduced reforms to promote microcredit and foster the emergence of microcredit providers as a complement to traditional channels of credit distribution.

Report from the Commission to the European Parliament and the Council on the application of Directive 2006/48/EC on microcredit – 20.12.2012

On 18 December 2012, the European Commission adopted its report to the European Parliament and the Council on the application of Directive 2006/48/EC on microcredit activities.

Conference “Improving the regulatory environment for microcredit” – 02.12.2011

This conference held on 2 December 2011, sought to understand what obstacles microcredit providers face in providing their services throughout the EU, what might be done to improve the situation and whether there is a need and scope for regulatory action at national or EU level. It provided a lively exchange between microcredit providers, public authorities and other stakeholders, notably with a view to identifying best practice in this field.

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