Microfinance Solidaire to Enhance Environmental and Social Performance with Technical Assistance Funding from EDFI Management Company
Brussels, Belgium – 4 Fberuary 2025 – EDFI Management Company (EDFI MC) announced today its support for Microfinance Solidaire through a new technical assistance initiative. This project aims to support environmental and social performance capacity of Microfinance Solidaire as well as its partner microfinance institutions (MFIs).
Microfinance Solidaire is a financial vehicle created by Entrepreneurs du Monde to finance and grow social MFIs and small and medium-sized enterprises in fragile regions. To ensure that environmental and social capacity is fully integrated into the daily operations of its partner MFI companies, Microfinance Solidaire partnered with EDFI MC to co-finance e-learning by CERISE + SPTF for selected individuals across its partner organizations.
“We are very happy to extend our support to Microfinance Solidaire through this technical assistance project,” said Natalia Svarinska, Technical Assistance Specialist at EDFI MC. “By strengthening their environmental and social performance management capabilities, Microfinance Solidaire and its partner MFIs embrace sustainable growth and improve their operational efficiency.
EDFI MC technical assistance funding will amount up to EUR 30,600 and is fully funded by the European Union.
Eugénie CONSTANCIAS, Head of Social and Environmental Performance at Microfinance Solidaire added, “This initiative will help us to better serve our customers and strengthen our market position. AgriFI technical assistance funding will support us in achieving our long-term goals and enhancing the environmental and social performance capacity of Microfinance Solidaire and its partner microfinance institutions .”
EDFI MC invested in 2021 in Microfinance Solidaire through its EU-funded agriculture financing initiative – AgriFI EUR 2 million loan. This investment aimed to support Microfinance Solidaire in growing its agricultural portfolio, providing small holder farmers with adapted and accessible loans and agri counselling services with no extra cost. This initiative has significantly contributed to MFS’s growth in the agricultural sector.
About EDFI Management Company: EDFI Management Company (EDFI MC) is a multilaterally owned impact asset manager that delivers innovative development finance solutions. The company enables European DFIs, development banks, and private sector investors to increase the scale and impact of their work, focusing on business models, technologies, and geographies where other investors have not been able to operate at the desired scale.
About Microfinance Solidaire: Microfinance Solidaire is a financial vehicle created by Entrepreneurs du Monde to finance and grow social microfinance institutions and small and medium-sized enterprises in fragile regions. With a focus on environmental and social performance, MFS aims to provide the best financial solutions to customers worldwide while supporting local communities and promoting ethical practices.
