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Qredits Microfinanciering Nederland has become the first European microcredit provider to be awarded the certificate for compliance with the European Code of Good Conduct for Microcredit Provision. Other microcredit providers are expected to be certified shortly.
The European Investment Fund (EIF) and the European Commission are announcing a new initiative to help micro-credit and social enterprise finance providers develop their businesses under the EU Programme for Employment and Social Innovation (EaSI).
More than EUR 1 billion has been mobilised to support over 100,000 micro-entrepreneurs in 23 EU member states under the Progress Microfinance and the Employment and Social Innovation (EaSI) programmes.