What is JASMINE?

JASMINE (Joint Action to Support Microfinance Institutions) was a pilot initiative launched in 2008 by the European Commission, Directorate General for Regional Policy, the EIB Group and the European Parliament, helping non-bank microfinance institutions to scale up their operations and maximise the impact of microfinance products on microenterprises development and unemployment reduction within the European Union. The new Techical Assistance programme for microcredit providers should be implemented in the first semester of 2014. We invite potential applicants to check regularly this page for further updates.

EIF has provided so far Technical Assistance to 70 selected microfinance institutions (MFIs) across the EU to increase the quality of their internal processes. In details, the benefits for selected microcredit providers were:
  • free access to an institutional diagnosis, or an in-depth rating report performed by Microfinanza Rating or Planet Rating
  • up to 12 days of advisory, tailor-made consulting and training offered to both management and staff, delivered by experts from the Microfinance Centre addressing any weaknesses identified during the institutional assessment.

Which microfinance providers have benefited from JASMINE so far ?

MFIs were selected so far by EIF through a due diligence process carried out by the EIF. The 30 microcredit providers below have been selected by EIF to benefit from JASMINE in 2013 following a call for expression of interest launched in December 2012 and closed on 28 February 2013 :



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