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First milestone of the update of the European Code of Good Conduct for micro-credit provision

12/09/2018
First milestone of the update of the European Code of Good Conduct for micro-credit provision © Zapp2Photo / Shutterstock

The Directorate-General for Employment, Social Affairs and Inclusion will lead a process to update the European Code of Good Conduct for Microcredit Provision.

This activity, which is supported by microfinance experts Prof. Karl Dayson and Dr. Pål Vik from the University of Salford, will be organised in close collaboration with the European microfinance sector.

The Code provides a common set of ethical standards in terms of management, governance, risk management, reporting, and consumer and investor relations for the microfinance sector in the European Union for the benefit of customers, investors, funders, owners, regulators and partner organisations.

In this context, a workshop will take place in Bilbao during the Microfinance Centre (MFC) - European Microfinance Network (EMN) Annual Conference on 3 October 2018, where representatives from microfinance institutions and microfinance experts from all over Europe will meet to discuss the areas of the Code that need an update.