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Hungary and UK host fi-compass workshops for microcredit providers

Hungary and UK host fi-compass workshops for microcredit providers

Two new workshops are being organised under the Employment and Social Innovation (EaSI) Programme’s Technical Assistance from fi-compass.  The first workshop will focus on the Code of Good Conduct (CoGC) for Microcredit Provision and will take place in Manchester, United Kingdom, on 8 March 2016.

Developed following the European Commission Communication “A European initiative for the development of micro-credit”, the CoGC is an important tool to promote harmonised best practices among microcredit providers.  Code content covers governance, management and client relations’ aspects of microcredit. This Manchester workshop is part of the 2016 Annual Conference of Responsible Finance (formerly known as Community Development Finance Association - CDFA). The fi-compass practical session will specifically look at the Code’s relevance and advantages to client protection and empowerment. For more information or to register, please go to: http://responsiblefinance.org.uk/events/responsible-finance-16/

A second workshop funded by EaSI Technical Assistance will take place in Budapest on 9 March 2016. This will include information about what types of financial and non-financial support are available to microfinance institutions, with a specific focus on the Hungarian context. Participants will have a chance to exchange with representatives of the Hungarian Ministry of Agriculture, European Commission and European Investment Fund on existing and potential instruments supporting microfinance and social entrepreneurship.

Other information presented in Budapest will focus on the implementation of the GoCG for Microcredit Provision, including compliance aspects. Experts will present the good practice guidelines, which have been designed to enable the sector to face the challenges of accessing long-term finance. For more information or to register please go to: http://event.hmn.hu/index.php/en/

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