In Luxembourg, too, microfinance makes sense!

illustrat microlux 2

Just a year after its creation, microlux, the first microfinance institution in Luxembourg, is pleased to invite you to its launch event in the presence of Her Royal Highness the Grand Duchess

François Bourguignon, Professor of Economics, Paris School of Economics and former Vice President of the World Bank, will address inequalities in Europe and Luxembourg.

Maria Nowak, founding president of the Association for the Right to Economic Initiative (ADIE), will show in this context the impact of microfinance in our developed countries.

A small film will present microlux and will give the floor to the promoters of projects that have received microcredit in Luxembourg and the volunteers who accompany them.

From 6:30 pm, we invite you to meet them with a drink.

  • WHEN: April 5, 2017, welcome from 16:30, start 17:00.
  • WHERE: at the auditorium of BGL BNP Paribas, 10 rue Edward Steichen, Luxembourg

Guests are requested to arrive 10 minutes before the start of the event.


Please confirm your presence before 27 March 2017 at the following address:

microlux partenaires EN

BIL Conference: The Women Effect - Invest Differently

Conference - Save the date- 8 March 2017

Register now for this conference!


Projection of the documentary “Microcrédit en 4L”

microcrediten4L 3


An evening to discover the « Microcredit in 4L »

Take 25.000€ crowdfunded, 150 selected micro entrepreneurs, a Renault 4L car and 2 dreamers.

Mix it all and discover an around the world trip supporting micro and small businesses through microcredit!

"Microcrédit en 4L" features 9 Microfinance Institutions and about 50 supported micro-entrepreneurs in a documentary movie. Come, watch and meet the team on March 1st at 18:30 at Les Rotondes in Luxembourg. The event will be in French and a drink will be offered after the screening.

The event is organised by in collaboration with   

Register before February 22nd here !

Watch the trailer of this incredible project!

Adress: 1, Place des Rotondes, L-2448 Luxembourg

For more information: | 39, rue Glesener L-1631 Luxembourg | | +352 28 37 15 09

In 2017, let's share our entreprenarial solutions

Season's greetings

Wishes 2016

Kashf Foundation, winner of the 7th European Microfinance Award "Microfinance and Access to Education"

Kashf Foundation, winner of the 7th European Microfinance Award

Kashf Foundation, winner of the 7th European Microfinance Award "Microfinance and Access to Education"

The Pakistani Kashf Foundation was awarded the European Microfinance Award of €100,000 by the Luxembourg Ministry of Foreign and European Affairs in recognition of its credit facilities to low-cost private schools, at a ceremony held at the European Investment Bank in Luxembourg.

The 2016 Award honours a microfinance institution that has set up innovative solutions to enable access to education and professional training for young people and adults and, as a result, stimulate the creation of economic activities.

In a country where low-cost private schools are on the rise to fill the state school sector's lack of equipment and facilities, and where 25 million children are out of school, the Kashf Foundation provides more than simple loans to private schools. It also offers training for teaching staff and courses in school management.

The Award, which highlights the importance of having an innovative approach and structural impact, also acknowledges the creative use of both financial and non-financial tools to improve the quality of the social and economic life of families and communities.

It was its social and economic aspects and their direct impact on low-income families that caught the jury’s attention, as observed Her Royal Highness the Grand Duchess of Luxembourg, President of the High Jury: "Microfinance has always been and remains at the heart of my priorities. It breaks the vicious cycle of poverty and helps to restore people's dignity, because they not only receive a loan, but fore mostly the trust and backing of a financial institution. This will trigger a desire for education, which in return recreates a virtuous cycle. Beneficiaries of microcredits are indeed the first ones to be convinced of the importance of sending their children to school or to university.”

The Luxembourg Minister for Development Cooperation and Humanitarian Affairs, Mr Romain Schneider, expressed his pride in how the Award has extended across the entire sector: "While the success of the European Microfinance Award has already become a tradition, we have been impressed by the quality of the numerous projects we received, which proves that our continued support of microfinance and inclusive finance is bearing fruit. It has been particularly difficult to choose a winner this year. Kashf Foundation besides, the real winners of this evening are all the young people who, thanks to microfinance, have better access to education, a promise of a better brighter future.”

On the side of the European Investment Bank, President Werner Hoyer underlined the importance of microfinance in reaching the goal of universal education: “The European Investment Bank has longstanding experience in the field of microfinance, as well as its implementation in fostering education. Education plays a key role in our societies in giving people employment and dignity. Furthermore, education contributes to the development of a sense of civic responsibility and forms people’s collective and individual conscience. All three finalists are very much engaged in using microfinance to support access to education and it is therefore a shame that there can only be one winner.”

Kaspar Wansleben, Managing Director of the Luxembourg Microfinance Development Fund, which backs the work of Kashf Foundation, is delighted by this recognition: "We are proud that the work of Kashf Foundation, to improve the quality of basic education in Pakistan, is recognised by the European Award. We hope this accelerates the creation of links between microfinance and the education sector".


Universal Energy Access in Latin America

MES 2016 art

ADA sponsors the MES 2016 Conference featuring Universal Energy Access in Latin America. 

The MES conference 2016 will take place from 23 to 25 November at the Universidad Pontificia Bolivariana in Medellin in Colombia. The conference programme is a combination of expert presentations, specialized sessions, a day on entrepreneurship with a business plan competition highlighting ideas to reduce carbon emissions, as well as field visits to discover renewable energy projects in Colombia.

ADA organizes a specialized session about financial inclusion and environmental performance. The discussion and analysis will focus on the following themes:

  • Challenges and opportunities for providing access to finance clean energies in Peru.
  • The experience of ADA and REDCAMIF: an inclusive Green Finance Development approach in Central America
  • Lessons Learned from a Microfinance for Ecosystem-based Adaptation approach (MeBA)

The conference will provide participants with a platform where academics, private and public stakeholders, local entrepreneurs and international players can exchange lessons learned and successful experiences, as well as streamlining efforts towards a sustainable and scalable dissemination of decentralized energy supply in Latin America, particularly in Colombia.


ADA supports 3 African MFIs to participate in the Mastercard Symposium

Mastercard Symposium

With the ever renewed commitment to share best practices in the microfinance sector with its partners, ADA has supported the participation and the travel of 3 partner microfinance institutions to the Symposium of The MasterCard Foundation. The event takes place on October 20 and 21 in Kigali, Rwanda.

The symposium program includes numerous sessions with international speakers who will discuss various aspects of the theme of this year: "customer centricity" in microfinance.

With the objective to strengthen its partners, 3 small MFIs have been selected to attend the symposium and trainings in Kigali:

  •         Benin Micro Finance: This Beninese institution targets  mainly female customers.
  •         ACEP Niger: This young dynamic MFI began operations 3 years ago and focuses on urban and suburban areas.
  •         Première Agence de Micro Finance (PAMF) Côte d’Ivoire: You can read the collaboration story between ADA and PAMF in our Activity Report (p.9).

The latter institution is already recommended by investment services team of ADA and funded by  LMDF.  ADA is currently prospecting the two others MFIs.

For more information:


ADA is part of the Financial Inclusion Week

Financial Inclusion Week 2016 Header

In October, ADA will be actively participating in the second edition of the Financial Inclusion Week, an initiative of Financial Inclusion 2020, a research and advocacy project of the Center for Financial Inclusion (CFI). Its purpose is to deepen the shared understanding of the sector, identify where the gaps are and put in place a roadmap to overcome them. The event aims to promote financial inclusion and address the challenges it faces through a week of global debates and exchanges. Considering ADA is Luxembourg’s expert actor in microfinance, we are looking forward to this year’s event whose focus will be on mobile banking and “Keeping clients first in a digital world”.
Financial Inclusion Week will take place on October 17-21, 2016. During that week, ADA will organize 3 different events in Luxembourg that will invite an array of international speakers to present and exchange on a variety of topics relating the development of digital finance in microfinance around the world:

  • The 36th Midi de la microfinance et de l'inclusion financière will be held on 18th October from 12:00 to 14:00 in the Auditorium of la Banque de Luxembourg. Entitled “Mobile banking and microfinance: What about the clients?”, the panel discussion will focus on the role of customers in the development of digital microfinance with two international speakers: James Onyutta, CEO of Musoni Kenya, and Devyani Parameshwar, head of product development at Vodafone / M-PESA.
  • An exclusive evening dedicated to a new ADA project in mobile banking, to be held at the Casino Luxembourg - Forum d'art contemporain, on 18th October from 18.30 to 21.00 (by invitation only);
  • A symposium on the theme of innovation and technology for financial inclusion, entitled "Financial inclusion in the digital age", organized at the European Investment Bank, on 19th October from 8.30 to 17.30.

Our events will be one of many happening in countries across the world. Tweets and comments will be posted throughout the week on an interactive Financial Inclusion Week website, which can be found at

More info:


ADA at the Boulder Microfinance Training!


For the second consecutive year, an employee of ADA was selected by to participate in the Boulder Microfinance Training, renowned in the microfinance sector.

Olivia Fechner, investment officer of ADA, will spend three weeks in Turin to improve her skills by following courses targeting different areas of inclusive finance.

For her first week, Olivia chose to participate in the rural and agricultural program to improve her ability to analyze agricultural risks linked to investment operations into very rural and agriculture oriented MFIs.

To learn more, follow Olivia's blog on the site of



Ecobank won award for financial inclusion


Ecobank was a key partner of the SAM 2015 edition in Dakar (June 29th to July 3rd 2015). The banking group based in Lomé (Togo) not only strongly supported the event but also

Ecobank C’ level took part to the sessions, met and networked with MFIs’ managers. 

About 10 months later, Ecobank’s commitment in financial inclusion is celebrated at the 10th edition of the African Banker Awards, held at Lusaka (Zambia). During the ceremony which gathered 400 professionals from banks and funds in Africa, Ecobank has received the Award for Financial Inclusion. The Award for Financial Inclusion is awarded to banks that have succeeded in delivering financial products and services to wider parts of society, particularly to the most disadvantaged and low in-come segments, ultimately contributing to financial inclusion, development and growth.

ADA congratulates warmly Ecobank Group and is proud to count the panafrican bank among its supporter for the next SAM.


Read the second issue of the "State of Microinsurance"

revue min 2016

The Microinsurance Network has launched the second edition of “The State of Microinsurance” magazine, an annual publication providing an insiders’ guide to understanding the microinsurance sector.

This year’s magazine includes insights and expert opinions by 22 authoritative voices in the field on topics such as product development, distribution and regulation.

Articles include insights on behavioural economics in microinsurance, an analysis on the contribution of insurance to capital market development, and a discussion on the need for benchmarking in microinsurance through key performance indicators.

For the first time, the magazine includes a debate on the role of private health insurance in achieving universal health coverage. With regards to agriculture insurance, one article features case studies demonstrating the concept of bundling with financial and non-financial services, whilst another focuses on non-climate risks affecting Sahelian livestock herders.

Interviews reported capture valuable insights from Democrance, RisKnoT, BIMA, Swiss Re and MicroSave. Contributions were provided by a number of key organisations active in the microinsurance space, including Cenfri, Inclusivity Solutions, MicroInsurance Centre, Abt Associates, the UK Royal Institute of International Affairs, Access to Insurance Initiative, MicroEnsure, Acting for Life, BRS, the ILO’s Impact Insurance Facility and of course ADA!

The publication can be downloaded at this link.



Apply for 7th European Microfinance Award 2016

mf award

The 7th European Microfinance Award, on the topic of Microfinance and Access to Education, is intended to recognise the role of microfinance in enabling access to education for children and/or skill-training for youth and adults to enhance their employment and self-employment.

The 2016 Award welcomes applications from institutions with initiatives that increase access to and quality of education for children, youth and adults by serving the needs of both students and schools. These can include financial products and non-financial services that have a tangible impact on children’s school education or on programmes aimed at creating employment opportunities for young people and adults.

The Award of €100,000 is granted by the Luxembourg Ministry of Foreign and European Affairs – Directorate for Development Cooperation and Humanitarian Affairs and is jointly organised by the Ministry, the European Microfinance Platform (e-MFP) and the Inclusive Finance Network Luxembourg ( It will be presented on 17th November 2016 during the European Microfinance Week in Luxembourg.

All applications must be supported in writing by an e-MFP member. The closing date for applications is 1st June 2016, 23.59 CET. Further information, detailed criteria and online application are on the website of the European Microfinance Award.


Check out the new issue of our partner Proparco:

proparco en

"Private Sector & Development - Social Business: undertake and invest differently
Combining social mission and economic efficiency, is the ambition of social business. How to consolidate and amplify the movement?"

Download the issue here 


Visit Proparco website for more information.



Microlux: Microfinance in Luxembourg and the Greater Region


ADA is launching Microlux, the very first microfinance institution in Luxembourg and the Greater Region.

The NGO, which specialises in the provision of microfinance to countries in the south, has joined forces with BGL BNP Paribas and ADIE International (a right to economic initiative Association which operates as a microfinance institution in both France and Europe). The project is supported by the European Investment Bank (EIB).

The aims of Microlux are to:

  • Support the creation or development of activities undertaken by individual clients or social enterprises who do not have access to the traditional credit system.
  • Finance these activities, particularly through the provision of micro-credits or credits to social entrepreneurship and then to develop services related to inclusive finance (such as micro-insurance).

The project’s objective is to contribute to the efforts made to improve their clients’ income and quality of life. 

In order to achieve these objectives, Microlux will provide:

  • Coaching, mentoring and training provided by volunteers
  • Micro-credits of a maximum amount of 15,000 EURO 
  • A loan called “micro +” for activities which have already begun (of a maximum amount of 20,000 EURO)
  • A social entrepreneurship loan (of a maximum amount of 25,000 EURO).

Microlux will begin these activities in June 2016 and the first forms of support will be provided in September/October 2016. Rémy Jacob, vice president of ADA, will chair the board.

The activities of Microlux have been authorised by the CSSF and the Ministry for the Economy. It was legally established in the form of a public limited liability on 31 March 2016, although making a profit is not its prime purpose.

Microlux would like to thank Allen & Overy for a very efficient pro bono legal support all along the start up process.
And thank you to the many volunteers who stand ready to help us and our future beneficiaries.


ADA at the 18th Microcredit Summit!


ADA in partnership with the MicroCredit Summit offers MFI’s managers a SIMFI training during the18th MicroCredit Summit. 

See the photos of our team at the conference!

  • MCS 7

    M. Yunus meets our team.

  • MCS 8

    Conference of M. Yunus.

  • MCS 4
  • MCS 5
  • MCS 6
  • MCS 9
  • MCS 2

    Luc Vandeweerd et Bénédicte Godefroid (ADA)

  • MCS 1

    Vous serez accueillis par Bénédicte.


SIMFI training– a Microfinance Institution Simulation Platform

The workshop is based on a web application simulating a microfinance institution in a market. It consists of creating groups of 2 to 5 persons depending on the size of the group, who are responsible for creating and managing a microfinance institution all along during the game. We have 6 periods or rounds representing 3 months each. The actual scenario covers up to two years of activities, but this is adapted to duration of the training period.

Participants will be asked to weigh in on various matters of markets, products or strategy and - faced with a number of choices - any decision they make will have consequences for the performance of the virtual IMF.

The simulation allows the participants to manage an MFI and promotes an analytical decision making process, taking into account the financial situation of the MFI as well as the client value that is on offer. Managing this balance is essential for health of the sector.

MicroCredit Summit was held from March 14th to 16th and SIMFI training on March 17th in Abu Dhabi.

Microfinance and women

On the occasion of Women's Day, ADA invites you to discover or rediscover some pictures of female entrepreneurs

8 March 2016 - International Women's Day: 80% of microfinance clients are women. This figure even rises to 93% among some of our partners as Yiriwaso Soro, Mali. In Africa, women often gather to form female solidarity groups. On the occasion of this special day dedicated to women, ADA invites you to discover some portraits of entrepreneurs who, thanks to our action, were able to create their income generating activity.

  • bolivie


  • bolivienne


  • cape verde 1

    Cape Verde

  • groupe ouaga

    Burkina Faso

  • imf ouaga

    Burkina Faso

  • jeune couturière

    Burkina Faso

  • ouaga

    Burkina Faso

  • perou


  • perou3


  • perouvienne


  • philippines


  • resto godorah

    Burkina Faso

  • restp kadiami

    Burkina Faso

  • tisseuse

    Burkina Faso

  • tisseuse 1

    Burkina Faso

  • tissus

    Burkina Faso

  • cap vert

    Cape Verde

  • perou1


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