What is JASMINE?

JASMINE (Joint Action to Support Microfinance Institutions) was an EU programme managed by EIF in the period 2007-2013 to help 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.

JASMINE has been successfully implemented. Under the programme we have provided 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.

In the course of 2014, a new Technical Assistance programme for microcredit providers will be launched and it will be implemented by the EIB.

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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