What we do
Equity products
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
Pan-European Venture Capital Fund(s)-of-Funds programme
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
Debt products
AGRI Guarantee Facility
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
EREM debt products
Single EU Debt Financial Instrument
COSME - Loan Guarantee Facility
InnovFin SME Guarantee Facility
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
Baltic Innovation Fund (BIF)
Competitiveness Fund-of-Funds for SMEs in Romania
Regional Fund-of-Funds Romania
La Financière Région Réunion
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Venture Initiative (DVI-II)
European Recovery Programme (ERP)
ERP-EIF Co-Investment Growth Facility
ESIF Fund-of-Funds Czech Republic
ESIF Fund-of-Funds Greece
The Silesia EIF Fund of Funds
EstFund
FOSTER TPE-PME Occitanie
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
JEREMIE
LfA-EIF Facility
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Scottish-European Growth Co-Investment Programme
The EIB Group Risk Enhancement Mandate (EREM)
Western Balkans Enterprise Development & Innovation Facility II (WB EDIF II)

Call for Expression of Interest for the selection of JASMINE Technical Assistance beneficiaries (Non-bank microfinance institutions)

  •  
    Date: 11 October 2010 - 19 November 2010

Ref. n. JAS-BE/2010/05

The purpose of this Call for Expression of Interest is to select up to 20 European non-bank microcredit providers which will benefit from technical assistance under the "JASMINE" initiative throughout the year 2011. Applicants to the present Call for Expression of Interest, irrespective of their selection, remain eligible to request financing under the various programs managed by EIF.

JASMINE ("Joint action to support microfinance institutions in Europe") is a joint initiative - launched in 2008 by the the European Commission and the European Investment Bank Group - aimed at helping MFIs/ microcredit providers to improve the quality of their operations, to expand and to become self-sustainable through the provision of both financial and non-financial services to MFIs/microcredit providers. JASMINE consists of a pilot phase covering the years 2009, 2010 and 2011. 

The selection for technical assistance under JASMINE (as detailed in Section 3 of the Call)  does not give any right to access to funding, but technical assistance has been designed to facilitate future access to funding from existing and forthcoming EU programs.

Interested non-bank microfinance institutions should express their interest by completing and submitting an Expression of Interest (see: Annex I). The list of documents to be provided for the selection process is given in Annex 1, Appendix 4.

Background
On 13th November 2007, the European Commission adopted a Communication (COM (2007) 708) on a “European Initiative for development of microcredit in support of growth and employment”[1] (hereafter, “the Initiative”) whose objective is to promote the development of microcredit in the European Union. The Initiative comprises four different strands:

  1. Improving the legal and institutional environment in the Member States;
  2. Further changing the climate in favour of entrepreneurship;
  3. Promoting the spread of best practices;
  4. Providing additional capital for microcredit institutions.

The Initiative strives to reinforce the role played by microfinance institutions (MFIs) / microcredit providers in improving the provision of microcredit in Europe, an essential instrument for financial inclusion and employment. “COM (2007) 708” also stresses that adequate technical support is necessary in helping these operators release their potential.


[1] Communication from the Commission to the Council, the European Parliament, the European Economic and Social Committee and the Committee of the Regions: a European Initiative for the development of microcredit in support of growth and employment - COM (2007)708 final.

1.                Definitions and Interpretation

Applicant

means a non-bank microfinance institution applying to this Call for Expression of Interest;

Award Criteria

means the criteria applied by EIF to select the eligible beneficiaries;

Deadline

means 19 November 2010;

Eligibility Criteria

means the minimum criteria with which the Expression of Interest and the Applicants must comply and which are listed in Annex 2 hereof;

Exclusion Criteria

means the exclusion list as detailed in Annex 1, appendix 3 hereof;

Expression of Interest

means a proposal sent by an Applicant in response to this Call for Expression of Interest, within the deadline, to be drafted in accordance with the template attached hereto as Annex 1;

JASMINE

means “Joint Action to Support Microfinance Institutions in Europe” launched by the European Commission and managed by the European Investment Bank Group to provide both financial and non-financial support to non-bank microcredit providers in the EU. When referring to JASMINE in the document thereafter, it will only concern JASMINE Technical Assistance;

MFIs;

Microcredit provider, or;

MFI/Microcredit provider

means any non-bank microfinance institution/microcredit provider meeting the Eligibility Criteria as set out in Annex 2 hereof;

Selection Criteria

means the Eligibility Criteria and the Award Criteria;

Technical Assistance;

TA

means Technical Assistance provided in the framework of the JASMINE Initiative. Technical Assistance support will take the form described in section 3 below.


 
 

Copyright ©

 European Investment Fund 2017 – The European Investment Fund is not responsible for the content of external internet sites.