The Joint Action to Support Microfinance Institutions (JASMINE) program, a joint initiative by the European Investment Fund, the European Parliament and the European Commission, has put out a call for expressions of interest to European microcredit providers wishing to benefit from its technical assistance program in 2013. The deadline for applications is February 28, 2013. Up to 30 European microfinance institutions will be selected to receive funding for institutional assessments and customized staff training. More details are available at: http://collab2.cgap.org/gm/document-1.9.60303/Call%20for%20EoI_JASMINE.pdf. The value of the services to be funded has not been disclosed.
JASMINE was formed in 2008 with funding from the European Commission, the executive body of the EU. The European Parliament and the European Investment Fund, a public-private partnership that invests in lenders to small and medium-sized enterprises in Europe, also have participated in the initiative since its founding. From 2010 to 2012, JASMINE’s technical assistance program has supported 49 microfinance service providers in 15 European countries.
By Lena Phillips, Research Associate
About The European Investment Fund (EIF)
The European Investment Fund (EIF) is a provider of risk finance to organizations that lend to small and medium-sized enterprises (SME) in Europe. The fund is a public-private partnership whose shareholding structure, as of June 2012, includes the European Investment Bank; the European Union (EU) as represented by the European Commission; and 24 financial institutions from EU member states plus Turkey and Croatia. EIF is a member of the EIB Group, the parent organization of the European Investment Bank. As of 2011, EIF reported total assets of EUR 3 billion (USD 4 billion).
About The European Commission
The European Commission (EC), founded in 1951, is the executive body of the European Union (EU). It is responsible for proposing legislation, implementing decisions, upholding the Union’s treaties and the day-to-day running of the Union. EC has its headquarters in Belgium and offices in Luxembourg as well as offices known as “representations” in all EU countries.
Sources and Additional Resources:
JASMINE TA, Call for Expression of Interest, http://collab2.cgap.org/gm/document-1.9.60303/Call%20for%20EoI_JASMINE.pdf
JASMINE Technical Assistance, http://www.eif.org/what_we_do/microfinance/JASMINE/index.htm
MicroCapital.org Article, 20 December 2011: “MICROCAPITAL BRIEF: European Investment Fund (EIF) Releases Call for Expression of Interest,” https://www.microcapital.org/microcapital-brief-european-investment-fund-eif-releases-call-for-expression-of-interest/#more-16027
MicroCapital Universe Profile: European Investment Fund (EIF), https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=European+Investment+Fund
MicroCapital Universe Profile: European Commission (EC), https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=European+Commission+%28EC%29
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