What is JASMINE?

JASMINE (Joint Action to Support Microfinance Institutions) was 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 Technical 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 ?

Following the launch of a call for expression of interest and due diligence process carried out by EIF, the 30 microcredit providers here below were selected to benefit from JASMINE in 2013:



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