From the European Microfinance Platform: After a selection process that reviewed applications from 88 organisations, Banco FIE SA has been chosen by the Luxembourg Directorate for Development Cooperation and Humanitarian Affairs to receive the €100,000 European Microfinance Award 2022.
The Bolivian bank captured the High Jury’s attention by incorporating a gender-related dimension into its products and services, in an effort to make them more accessible to women. To do this, it conducted a large number of customer surveys. Banco FIE provides a wide range of products, including micro-insurance (family life insurance and cancer policies), digital financial literacy and technical support to enhance agricultural productivity among women. Within its own organisation, Banco FIE has introduced an innovative business management model called “Marca Magenta” to promote inclusive leadership, the empowerment of women, the prevention of violence and equal opportunities.
You may read more at https://www.european-microfinance-award.com/ or download the press release in English, French or Spanish.
This feature is part of a sponsored series on European Microfinance Week, which took place in Luxembourg and online from November 16 through November 18. MicroCapital has been engaged to report on the conference each year since 2012.
Additional Resources
European Microfinance Week 2022
https://emw2022.eu
European Microfinance Award
https://www.european-microfinance-award.com
MicroCapital coverage of European Microfinance Week since 2012, including the European Microfinance Award
https://www.microcapital.org/category/european-microfinance-week/
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