From 
the European Microfinance Platform (e-MFP): On the 30th September and 1st October 2020, the Selection Committee for the European Microfinance Award 2020 (EMA 2020) on “Encouraging Effective & Inclusive Savings” chose the three finalists who will go on to compete for the EUR 100,000 (USD 180,000) prize: Buusaa Gonofaa Microfinance, Muktinath Bikas Bank and RENACA-Bénin. These three organisations each offer savings products and services that are demand-driven, encourage usage based on a genuine understanding of clients’ needs and behaviour, reach under-served populations who need these services the most, and ensure that the savings are accessible, affordable and useful.
This has never been more important. The Covid-19 pandemic, with its economic lockdowns that shuttered businesses and the drastic downturn in macroeconomic conditions (including in trade and tourism, on which so many financially vulnerable households depend), means that encouraging savings activity and ensuring easy access has been critical in providing resilience to millions who risk dropping into abject poverty.
Read more at http://www.e-mfp.eu/sites/default/files/news2020/EMA%202020%20Finalists%20Announcement%20PRL%20EN%20final.pdf
This notice is part of a sponsored series on European Microfinance Week, the next iteration of which will occur online from November 16 through November 20, 2020. This event is held annually by e-MFP, a Luxembourg-based network with approximately 130 members. MicroCapital has been engaged to cover the event on-site each year since 2012.
Sources and Additional Resources
European Microfinance Platform (e-MFP) information on European Microfinance Week 2020
http://www.e-mfp.eu/european-microfinance-week-2020
MicroCapital coverage since 2012 of European Microfinance Week, including each European Microfinance Award
https://www.microcapital.org/category/european-microfinance-week/
Similar Posts:
- SPECIAL REPORT: Yikri of Burkina Faso Wins $110k European Microfinance Award for Progress Toward Food Security #EMW2023
- MICROFINANCE EVENT: European Microfinance Week; November 15-17, 2023; Luxembourg
- SPECIAL REPORT: European Microfinance Week 2023 Opens With Action Group Meetings, Including Investors Sharing Strategies for Measuring Social Performance #EMW2023
- SPECIAL REPORT: Fortune Credit of Kenya, Fundación Génesis Empresarial of Guatemala, Yikri of Burkina Faso Are Finalists for European Microfinance Award 2023 on Inclusive Finance for Food Security & Nutrition
- SPECIAL REPORT: Financial Inclusion of Forcibly Displaced Persons (FDPs), Host Communities Results in Competitive PAR Ratios #EMW2023
