Microfinance expands access to credit, savings and other financial services for underserved populations, including poor households and micro-entrepreneurs. Key providers include microfinance institutions, specialised NGOs and banks. The EC supports microfinance and capacity development interventions for inclusive finance aim to strengthen local providers; build the financial infrastructure and encourage appropriate regulatory frameworks.
Achieving the Sustainable Development Goals will not be limited by an overall lack of money, but rather will depend on “the way finance is mobilised and used”. That’s the message from the European Report on Development 2015, released this week.