May 03, 2022

Luxembourg Pledges Continued Support to the European Microfinance Platform (e-MFP)

We're delighted to announce that on 2nd May, the European Microfinance Platform (e-MFP) signed a new agreement with the Luxembourg Government for the period 2022 – 2026, which guarantees the financial support required for implementing our new Strategic Plan.

Since its foundation in 2006, e-MFP has grown a strong base of 130 members from across the microfinance and financial inclusion sector. Anchored by the support and commitment of the Luxembourgish government, e-MFP is recognised as a leading player in the Europe-based financial inclusion and microfinance space that provides valuable networking and thought leadership opportunities for members and the broader sector.

e-MFP has built its reputation over the years based on its ability to respond to an ever-changing financial inclusion ecosystem. e-MFP's unique value proposition includes its diverse membership base, its facilitation of interconnection and ongoing dialogue across the financial inclusion space, and its ability to serve the public good as a centre of producing and communicating relevant industry knowledge that fills gaps in the market. By driving knowledge-sharing, partnership development and innovation, e-MFP fosters the increase in global access to affordable, quality, sustainable and inclusive financial services for the un(der)banked. The Platform brings together all stakeholders in the financial inclusion sector to promote universal and responsible financial inclusion, in alignment with the Sustainable Development Goals (SDGs).

The signing took place during a visit by Luxembourg's Minister for Cooperation and Humanitarian Affairs, Franz Fayot, and Minister of Finance, Yuriko Backes, to the House of Microfinance, home of the European Microfinance Platform (e-MFP), ADA, Inclusive Finance Network Luxembourg (InFine.lu), Luxembourg Microfinance and Development Fund (LMDF), Microinsurance Network (MiN), Microlux, Social Performance Task Force (SPTF) and the Alliance for Financial Inclusion (AFI).

Over the past two decades, Luxembourg has actively supported the development of microfinance and inclusive finance as tools for fostering development and eradicating poverty with the aim of giving disadvantaged populations access to basic financial services. e-MFP would like to thank the Ministry of Foreign and European Affairs – Directorate for Development Cooperation and Humanitarian Affairs and the Ministry of Finance for their confidence and support. This firm commitment will enable us to build on our achievements and further develop our activities and we look forward to continuing our close collaboration.

See the press release 'Visite ministérielle à la Maison de la microfinance'

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