Familiarize Luxembourg public with the news of financial inclusion sector

Banque de Luxembourg, InFiNe.lu

Some key figures since its creation in 2006
39 events, 57 speakers from around the world, 29 associate partners and sponsors

They are microfinance

Women are particularly affected by financial exclusion. Discover how microfinance changed their lives.

Read testimonials

Midi de la microfinance et de l’inclusion financière

logo Midi

"Midis de la microfinance et de l'inclusion financière" are conferences that are held in Luxembourg and that are dedicated to the issues of and changes in the financial inclusion industry. Microfinance, or inclusive finance, encompasses a wide range of financial products and services including  savings, credit, insurance, remittances, payments, but also non-financial services set up to fight against the banking and financial exclusion of low income populations.

photo©Andres Lejona L1007280 crédit

Register for the 40th Midi!

40th Midi de la Microfinance et de l'inclusion financière 

Enabling womEntrepreneurs in Africa 

40th edition in the exceptional presence of Her Royal Highness the Grand Duchess of Luxembourg 

It is often said that “women are the future of Africa.” After all, women have been the ones who take care of the household, look after the needs of the family, and raise the next generation. Women have therefore been the first beneficiaries of microfinance. These small loans have allowed them to pursue profit-generating activities, improve their standards of living, and become self-empowered.

Africa is changing. It is becoming more entrepreneurial, as attested to in the latest book by Jean-Michel Severino, who has previously participated in a Midi of Microfinance. New companies are constantly being created, launched and developed. This dynamic continent continues to present new opportunities for entrepreneurs, and women are now more than ever the future of Africa. They are no longer limited to focusing on their own survival and the well-being of their family. African women are increasingly becoming entrepreneurs. They are taking chances and becoming business owners. Their lives are therefore changing dramatically, and with it they are faced with a way to regain their autonomy.

Women at the heart of entrepreneurship: the future of Africa

This Midi will be dedicated to the female entrepreneurs of Africa. In Lomé as in Abidjan and Kigali, in an Africa ever more dominated by men, these women’s triple entrepreneurial task is threefold: they are domestic entrepreneurs, entrepreneurs of their own future, and finally business entrepreneurs in their society. In order to succeed, women must put in even more work as they overcome conservative scepticism as well as the barriers faced by all business owners.

While African Microfinance Week, organized by ADA and taking place from the 9th to the 13th of October 2017, is dedicated to the development and financing of Small and Medium Enterprises in Africa, supporting female entrepreneurship remains a central issue. In this dynamic context where entrepreneurship is becoming more common and where women want to change their towns, their countries and their continent, what role can be played by NGOs, MFIs, banks and public institutions?

This Midi aims to provide insight into possible answers to this question on micro and meso levels. What concrete solutions do these different actors propose, especially regarding access to financial services, an issue that is still at the core of entrepreneurship?

Access to capital remains an issue of vital importance, and each organization has its own solutions, but this Midi of Microfinance also looks closely at the issue of female empowerment. Perhaps one of these ways to promote female entrepreneurship may suggest a better synergy between actors in the field of development.

In the exceptional presence of:

  • Her Royal Highness the Grand Duchess of Luxembourg
  • Mr. Romain Schneider, Minister of Development Cooperation and Humanitarian Affairs  

Les oratrices de ce Midi

Myriam Kadio-Morokro, General Manager of the PROCRÉA clinic, Abidjan

Myriam Kadio-Morokro has been the general manager of the PROCRÉA clinic since its creation in 2008 and is in charge of strategic management and development​. She oversees the clinic’s operations and manages relations with public and private institutions. She also sits on the Board of Directors.

Thanks to her extensive experience in management of a healthcare organisation, she has been able to set up several reproductive health services.

Myriam Kadio-Morokro holds a PhD in Medicine and several university degrees and certificates in an array of specialties (reproductive biology, haematology and molecular cytogenics). 

Josée Mukandinda, Operations Manager, Umutanguha Finance Company, Rwanda 

Ms. Josée Mukandinda, originally from Rwanda, has over 12 years of experience in the microfinance sector, where she has held several leadership positions. She is currently the Operations Manager at UMUTANGUHA Finance Company (UFC) Ltd, where she is in charge of the everyday management of the loan and savings portfolio of over 180,000 clients, of whom 52% are women. She had previously represented UFC in a number of other leadership positions, including head of the Technical and Marketing Officer and Inspection Monitoring and Development units.

Ms. Mukandinda has extensive experience in project management ; she has lead projects relating to the financial inclusion of young people with UFC, including the “Youth Start” project financed by UNCDF ; the “Finance education and saving” project financed by Access to Finance Rwanda (AFR) ; and the project “Young Entrepreneurs Rwanda” financed by ADA.

Ms. Mukandinda has a diploma in Social Sciences. She is a professional CGAP-certified trainer of Microfinance, and has led several trainings on the management of loans and savings for the staff of financial institutions. These include trainings on the subject of financial management, governance, the management of loans and cooperative accounting. She also holds a professional certificate in the management of savings and credit cooperatives from ISPEC (Pan African Higher Institute of Cooperative Economy) and DID (Development International Desjardins). 

Marèma Bao, Deputy Director, COFINA, Senegal

After twenty years of experience in business management and strategic development, Marèma Bao is widely recognized and respected internationally.

Marèma holds an MBA in Project Management from HEC Montreal and a Bachelor in Information Systems from the University of Sherbrooke in Canada. She began her career with Bell Canada before joining the National Bank of Canada. After a period of time with Fjits Consulting and La Poste in France, she returned to Senegal in 2004 and was distinguished for her work in the microfinance sector. She joined the Crédit Mutuel du Sénégal (the primary microfinance institution in West Africa), where she rose to the positions of Director of Information Systems and later Chief Operating Officer (COO) and finally Chief Executive Officer.

She moved to Cofina (African Financial Company) in 2012 as COO where she supervised the Quality Control, Human Resources, Innovation, Marketing and Information Technology departments. COFINA is an organization that finances SMEs in Africa.

Spread out over four African countries (Côte d’Ivoire, Gabon, Guinea and Senegal), COFINA is a private company based exclusively on African capital.

Programme :

11.45 : Admission to the event (for reasons of protocol, participants are kindly requested to take their seats at 11.45 am, prior to the arrival of Her Royal Highness the Grand Duchess)

12.00 : Welcome remarks - Pierre Ahlborn (Banque de Luxembourg)

12.05 : Discussion - Dialogue between the speakers about the role of female entrepreneurs in Africa:
- Ms. Myriam Kadio-Morokro
- Ms. Josée Mukandinda
- Ms. Marèma Bao

12.35 : Q&A with the audience

13.00 : Closing remarks, followed by a cocktail lunch

Register before the 28th of June!

Organised by the Banque de Luxembourg (BdL) on Wednesday, July 5, 2017 from 12 pm to 2 pm. ​For reasons of protocol, participants are kindly requested to take their seats at 11.45 am, prior to the arrival of Her Royal Highness the Grand Duchess.
This conference will be in the form of a discussion of 30 minutes between the different participants.

The conference will take place in French.
Participation in this 40th Midi is free, but registration is compulsory.

Register for the 40th Midi!

This event falls within the framework of the SAM 2017, which will focus on the role of SMEs in Africa.

The “Midis de la microfinance” are jointly organised by ADA, the Banque de Luxembourg. They are supported by the Luxembourg Directorate for Development Cooperation and Humanitarian Affairs and InFiNe.lu. The conferences are held during lunch breaks, between 12 and 2 p.m. Their agenda includes the presentation by an inclusive-finance expert of a study or a practical case, which is followed by a Question and Answer session and buffet lunch.


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More about the discussion topics

In order to provide context for the discussion, we have assembled some statistics relating to the everyday challenges facing African women who want to start or develop their own business. 


Percent of women who have borrowed from a financial institution (>15 years old) – as a %

Source: World Bank, 2011 and 2014

Midi FemmeEmprunts EN

The source of loans for women (>15 years old)

Source: World Bank, 2014

Midi Sources EN

The rate of economically active women (as a % of the total female population >15 years old)

Source: World Bank, 2014

Midi EconomicallyActive

Rate of men and women with a mobile account (as a % of the total population >15 years old)

Source: World Bank, 2014

Midi MobileAccount
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