Nov 18, 2016

Thursday, 17th November saw the long-awaited ceremony at the European Investment Bank for the 7th European Microfinance Award which was won by Kashf Foundation of Pakistan. Organised jointly by the Ministry of Foreign and European Affairs, e-MFP and the Inclusive Finance Network Luxembourg (, this year's Award recognised excellence and innovation in Microfinance and Access to Education.

Kashf Foundation’s program involves loans to low-cost private schools, along with pedagogical training for teachers to improve teaching practices and specialised school management courses for school owners to improve the school infrastructure and their financial and operational administration. Since 2014, Kashf has worked with approximately 1000 schools, serving over 150,000 students.

The two other finalists Fundación Génesis Empresarial of Guatemala and Opportunity Bank of Uganda Ltd., were recognised respectively for their higher education finance program, and multi-pronged approach, helping schools and families with financial and non-financial services.

Congratulations to all three organistions!

Read the full press release here

For more information see the European Microfinance Award website

The topic of the 2017 Award is Microfinance and Housing and the application period will open in April.

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