• ©Luc Deflorenne / ADA
  • ©Luc Deflorenne / ADA
  • ©Luc Deflorenne / ADA
  • ©Luc Deflorenne / ADA
  • ©Luc Deflorenne / ADA
  • ©Luc Deflorenne / ADA
  • ©Luc Deflorenne / ADA
  • ©Luc Deflorenne / ADA

32nd Midi de la microfinance et de l'inclusion financière 

Questioning the role of Microfinance - Beyond the clichés

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On 1st  October 2015, over 140 participants attended the debate of the 32nd edition of the Midi at the Banque de Luxembourg between Jean-Michel Servet, researcher and Professor of Development Studies at the Graduate Institute of International and Development Studies in Geneva and author of books such as "Barefoot bankers" (Banquiers aux pieds nus) and "The true revolution of microcredit" (La vraie revolution du microcredit) and Luc Vandeweerd, Advisor to the direction of ADA.

The debate was moderated by Chicot Eboué, Director of Master in Entrepreneurship, Microfinance and Development at the University of Lorraine.

"Microcredit is like a broken clock. Twice a day, it shows the correct time, so inevitably you will always find situations where microcredit has helped reduce poverty "strikes immediately Jean-Michel Servet.
The guests agreed that microcredit can not solve all problems of poverty. Anyway, probably not alone. Therefore, the development of support products and services next to the microcredit is critical to the success of the financial inclusion of the poor. They quoted in particular, micro-savings to enable financial security to the family and in some cases to allow the payment of a debt.

Moreover with the globalization of financialization, access to financial services remains a vital need in the same way as access to water and education. The development of the population without access to conventional financing, especially in remote and rural areas therefore requires financial inclusion. Only it must be well accompanied, prioritizing loans to micro- entrepreneurs and not for consumption.

Watch the full debate on our YouTube channel!

The 32nd edition of the Midi de la microfinance et de l’inclusion financière was organized with the support of the Luxembourg Directorate for Development Cooperation and Humanitarian Affairs, the InFiNe.lu network and Etika, and in collaboration with the Banque de Luxembourg.

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