1st training session for Microvision

The first edition of the Microvision course has started today and will last until Friday in Leuven, Belgium. The next training session will take place in March 2019. There are still places left, register now!

ADA at Foromic in Colombia!

You had the opportunity to meet our investment managers on the ADA stand at Foromic, which opened its doors from 29 to 31 October at the Puerta de Oro Centre in Barranquilla, Colombia.
Foromic, the flagship event in Latin America and the Caribbean on issues related to financial inclusion and enterprise development, returned this year for its 21st edition.

The organized activities show how innovation, driven by emerging technologies, is transforming the concept of inclusion in financial services, entrepreneurship and the development of new skills.

This year, Foromic also offered innovative ways to develop its network, experiment with innovation and make contacts, all in a single space.

For more information, visit the Foromic website: http://www.fomin-events.com/foromic/2018/web/

Watch the Webinar on SME Financing in Africa

ADA participates in the Webinar organised by Oradian

From October 29 to November 2, ADA is mobilizing for the 4th edition of Accion's Financial Inclusion Week.
As such, ADA will participate in the webinar organised by Oradian on the theme :
"How to make funding more accessible for MFBs and MFIs in Africa?"
Tuesday, October 30, 2018
At 3.00 P.M. CET

In this one-hour webinar, Oradian will present its roadmap to funding for financial institutions to make the process more transparent for MFBs and MFIs. Following the presentation, a discussion will be led featuring leaders of financial institutions in Africa, representatives of leading MIVs (Microfinance Investment Vehicles) and impact investment funds, including ADA, in the person of Victor Muller, our Microfinance Risk Officer.


  • Presenting: Victor Muller, Microfinance Risk Officer, ADA asbl, Luxembourg
  • Presenting: Atiku Usman and Helen Abah DEC  - Development Exchange Centre, Nigeria
  • Presenting: Laura Dreese, Market Resercher, Oradian
  • Moderating: Zoran Novakovic, Global Training Lead, Oradian 

The Webinar is accessible only to registered users. 
To do so, register for free via this link: https://bit.ly/2CTu78m
You will then receive an email containing a single-use URL link to view the Webinar on October 30 at 3:00 p.m.


15.00 - 15.05                            

Introduction by Zoran Novakovic: Why is funding from microfinance investment vehicles essential for financial inclusion?
15.05 - 15.15 Presentation by Victor Muller: What do funders look for?  ​
15.15 - 15.20 Q&A
15.20 - 15.30 Presentation by Atiku Usman and Helen Abah: How DEC (Development Exchange Centre) secured funding - experiences and challenges.
15.30 - 15.35 Q&A
15.35 - 15.45 Presentation by Laura Dreese: How can MFIs and MFBs meet funders’ requirements? 
15.45 - 16.00 Discussion facilitated by Zoran Novakovic 







ADA joins the Financial Inclusion Week

Financial+Inclusion+Week+2018 Redim+Banner

October 29 - November 2, 2018

Next October, ADA is mobilizing for the fourth edition of the Financial Inclusion Week, an initiative of Financial Inclusion 2020, one of the projects of the Centre for Financial Inclusion (CFI), which is celebrating its 10th anniversary this year.

The Financial Inclusion Week is a week of global conversation on the most important steps to advance financial inclusion. It will be one of dozens of events held around the globe from October 29 – November 2, 2018 that will reflect on what our community needs to do to get financial inclusion right and ensure that gains in access lead to measureable improvements in the lives of the underserved. Tweets and comments will run throughout the week on an interactive Financial Inclusion Week website, which can be found at www.financialinclusionweek.org and with the hashtag #FinclusionWeek. Following the events, CFI will spotlight our event on the Financial Inclusion Week website and in reports to the financial inclusion community.

ADA is positioned as the spearhead of Luxembourg's expertise in microfinance. The opportunity to highlight its events, training and others during this period. During this week will take place:

  • Microfact Training on Financial and Social Performance Indicators: an interactive workshop for microfinance institutions that want to strengthen their financial performance monitoring. This training will provide them with an analysis of key performance indicators in microfinance, through Microfact's Factsheet tool. From October 30 to November 1, 2018 at the Mohammed VI Centre in Morocco.
  • Webinar on SMEs in Sub-Saharan Africa: in partnership with InFiNe.lu, ADA is organising a webinar on the occasion of the Financial Inclusion week. Jean-Philippe Stijns, Senior Economist at the EIB, will lead this webinar on "Access to finance for SMEs in sub-Saharan Africa". This 45-minute webinar in English will be interactive and will see Jean-Philippe Stijns interact with several personalities in the sector, including Axel de Ville (consultant for ADA). Online display on the ADA website starting Octobre 29, 2018.
  • Bootcamp 'CATAPULT: Inclusion Africa', organised by the LHoFT (Luxembourg House of Financial Technology), which aims to is to leverage Luxembourg’s Inclusive Finance and Fintech ecosystem to support 12 selected Fintech firms in developing their businesses and achieving their inclusion goals. ADA will be speaking at different sessions. From 5 to 9 November in Luxembourg
  • Oradian Webinar with the participation of ADA on the theme: "How to make funding more accessible for MFBs and MFIs in Africa?". A discussion will be facilitated between leaders of financial institutions in Africa, representatives of the main MIVs (Microfinance Investment Vehicles) and impact investment funds, including ADA, in the person of Victor Muller, our microfinance risk manager. Broadcast on October 30 at 3 p.m. (video link available upon registration).

ADA takes part in ANDE Annual Conference 2018

October 2 to 4, 2018 - New-York

In 2017, ADA became a member of Aspen Network of Development Entrepreneurs (ANDE), a global network of organizations that propel entrepreneurship in emerging markets. By fostering the development of inclusive finance, ADA indeed contributes to the emergence of a favorable environment to micro- and small entrepreneurs.

The ANDE annual conference took place from October 2 to 4 2018 and gathered about 300 participants. Innovative financing systems, public-private partnerships, the influence of digital technologies, complementarity of financial services and technical assistance were some of the topics addressed during the conference to fuel the reflection and improve practices in favor of small and growing businesses.

PLAY workshop


The Development Campus of the French Development Agency (CEFEB) is launching a new edition of its PLAY workshop for actors in the inclusive economy, which will take place from 03 to 07 December 2018 in Marseille. This one will be held in French.

A veritable "incubator of innovation", the PLAY workshop was conceived as a tailor-made accompaniment for inclusive economic actors (financial institutions - banks, microfinance and guarantee or investment funds - and public and private companies medium to large) wishing to advance new projects within their institutions.

Dedicated to creativity and collective intelligence at the service of these "intrapreneurs", it aims to enable them to acquire the tools and postures favorable to the deployment of a culture of innovation within their structures.

More than 200 participants from around 40 countries have already attended the PLAY workshop. Its main themes are also the subject of a Masterclass within the BOULDER Microfinance Institute's French-language program.

The value of the workshop is estimated at 3500 EUR / participant.

This cost will be partly covered by AFD. The selected candidates will however have to pay a fixed participation of 400 euros.

They will also have to cover all associated costs (transport, hotel, meals, travel ...).

Applications must be received by local AFD agencies by 15 October 2018.

You will find below the link containing the contact details of AFD local agencies: https://www.afd.fr/fr/le-reseau-des-agences

Below, the detailed brochure and the application file:

CATAPULT: Inclusion Africa


In order to raise awareness around Financial Inclusion, the LHoFT has decided to host a dedicated bootcamp program called “CATAPULT: Inclusion Africa” between the 5th and 9th of November in Luxembourg.

The objective of "CATAPULT: Inclusion Africa" is to leverage Luxembourg’s Inclusive Finance and Fintech ecosystem to support 12 selected Fintech firms in developing their businesses and achieving their inclusion goals. ADA will be speaking at different sessions.

The summary of the event:

You will find below the pre-final programme of the bootcamp:

Financial Inclusion Week 2018

This event will be a part of Financial Inclusion Week, a week of global conversation on the most important steps to advance financial inclusion. It will be one of dozens of events held around the globe from October 29 – November 2, 2018 that will reflect on what our community needs to do to get financial inclusion right and ensure that gains in access lead to measureable improvements in the lives of the underserved. Tweets and comments will run throughout the week on an interactive Financial Inclusion Week website, which can be found at www.financialinclusionweek.org and with the hashtag #FinclusionWeek. Following the events, CFI will spotlight our event on the Financial Inclusion Week website and in reports to the financial inclusion community.

ADA supports the Global SME Finance Forum 2018

SMEFF18-ada-booth-social card (2)

Join ADA, as well as more than 500 leaders from banks, fintechs and development finance institutions in Madrid, November 5-7 for the Global SME Finance Forum 2018. 

This year the theme of the event is : Reaching the informal: the role of finance in improving the growth and productivity of SMEs.  Find out how technological innovation, regulation and partnerships can help overcome various informality issues for SMEs at the International Forum.

Attend interactive sessions, study tours, B2B and fintech markets, communicate with industry leaders, form partnerships and commercial agreements.

More information and registration on SME Finance Forum website.


Meet ADA on 24 September at the impact ecosystem event in Luxembourg!


Building on the success of the 2017 event celebrating the Luxembourg impact ecosystem, the Luxembourg Microfinance and Development Fund (LMDF) in partnership with the City of Luxembourg (VdL) will once again focus on social and environmental convergence.

The triple result of People, Planet, Profit leads to new dimensions of value creation. There is a growing movement in impact finance and social enterprise in Luxembourg that generates financial and non-financial returns - benefiting investors, clients, employees and society in general. It's a unique  opportunity to hear the speeches and presentations of various impact actors in Luxembourg.

ADA will also be there: come and meet us at our stand!

Join us to celebrate the people and projects that open up a whole new field of positive impact through financial instruments and business models!

When?                     24 September, 18h00-20h00 (followed by a cocktail)

Where?                 Tramsschapp, 49 rue Ermesinde, 1469 Luxembourg

How to register?         By email at or online 

The event is free, but registration is mandatory.

Visit the LMDF website for more information.


Become an Africa Board Fellow! Applications are open

Africa Board Fellowship  @SAM 2017

Africa Board Fellowship @SAM 2017

The Africa Board Fellowship (ABF) program, which is run by the Center for Financial Inclusion at Accion (CFI) is designed specifically for board members and CEOs from any institutions working toward financial inclusion. It is structured as a 6 months fellowship, with the next cohort starting in Oct 2018. The fellowship begins and ends with in-person seminars in Cape Town (fellows pay airfare only) and then fellows are connected virtually through an online platform and virtual dialogues throughout the six months. They are also matched with advisory who help them structure and work-through specific goals. The network now has over 200 fellows consisting of board members and CEOs !

The Africa Board Fellowship (ABF) connects through peer learning and exchange to strengthen the governance of financial institutions serving low-income clients in sub-Saharan Africa. To date, the Africa Board Fellowship program has included roughly 200 CEOs and board members from institutions across the region. To get a firsthand glimpse into the program, check out these photos, blog posts and videos. ABF seminars and discussions demonstrate how peer-to-peer exchanges through case studies and interactive role plays are an effective way to understand best governance practices. The ABF program creates a network of inclusive finance leaders that endures beyond the six month program, with ABF alumni connecting regularly to discuss challenges and opportunities in financial inclusion across Africa.

To learn more about ABF click here or email the Program Director, John Lwande at.

An overview of an Africa Board Fellowship workshop held at SAM 2017 in Ethiopia.


Please find more information about the membership in the flyer here below:


Women and inclusive finance discussed at AFI

ADA was present at the Alliance for Financial Inclusion (AFI) meeting, bringing together a hundred regulators in Guinea-Conakry (May 7th/8th).

Alliance for Financial Inclusion Meeting

In the session reserved for the African woman entrepreneur, the Governors of the Central Banks of Guinea, Sierra Leone and Seychelles insisted on the need to do more for women (especially when it comes to credit). The goal is that they come out of "microfinance" and that they have access to sufficient and superior means to develop their small business. Extended risk centers, specific guarantee funds for women, and financial education are thus measures in test.

Women's reimbursement rates are higher than those of men ... something that Dr. Yunus already recalled years ago. The panelists only confirmed this reality. The assembly, mainly composed of representatives of the central banks and the Ministries in charge of the Financial Inclusion of the many countries of the continent, applauded warmly!

Private sector actors from Nigeria, Guinea and Uganda, however, talked about the cultural barriers that can still block women's access to banking services!

Speakers discussed aspects of guarantees and interest rates ...

The speaker from the private sector of Guinea confirms that it is essential to listen to these women who want to develop their business and build their future! We must therefore put in place means and adapted products, which meet their needs and constraints they encounter! Regulators clearly have a role to play in measuring, monitoring, analyzing the data and then putting in place the necessary policies and mechanisms! Facilitator Makena Mwiti (AfDB Women's Program) concludes that only all actors - from regulators to field operators, including all state structures and other private commercial banks - will come together in a joint effort to better serve these people. African women entrepreneurs!

Convergences Tunisia Forum

02 Anglais

May 9, 2018 - Beit al-Hikma
Tunisian Academy of Sciences, Arts and Letters,
25 Avenue of the Republic, Carthage (Tunis)

ADA is pleased to invite you to the 1st edition of the Forum Convergences Tunisie!

Use the ADA-50 automatic registration code

For a Zero Exclusion Tunisia, Zero Carbon, Zero Poverty, go to the Convergences "ESS'Ploration" Forum on May 9! Discover the actors of SSE innovation in Tunisia for inclusive, green and sustainable growth. Entrepreneurs, professionals and curious young people, come together!

Developed in co-construction with a Tunisian Working Group, the Convergences "ESS'Ploration" Forum Tunisia will offer sessions in various and dynamic formats to identify and create together concrete solutions for the achievement of the Sustainable Development Goals and the construction of Tunisia "Zero Exclusion, Zero Carbon, Zero Poverty".

ADA, a player in sustainable development through microfinance and inclusive finance (especially via the MicroMED project), supports the Convergences forum. In this context, a panel on microfinance needs in Tunisia will be organized during the conference. The day before, ADA will offer a free day of training in inclusive finance with SIMFI, participants of Convergences.

About Convergences

Launched in 2008, Convergences is a platform for reflection and multi-stakeholder mobilization. Convergences promotes the Sustainable Development Goals and the fight against poverty, exclusion and climate change. Composed of more than 240 partner organizations from all sectors, the Association acts to stimulate reflection and action, disseminate good practices and encourage the co-construction of innovative partnerships with high societal impact.

04 Partenaires

The 2nd promotion of professionals in inclusive finance certified by the University of Luxembourg in the framework of the ADA Chair

Remise du Certificat 20170126

Following the success of the 2017 edition, the University of Luxembourg and ADA, in cooperation with the European Investment Bank (EIB), launched in January 2018 the second promotion of the continuing education programme "Certificate in Law and Regulation of Inclusive Finance". The programme aims to strengthen the knowledge and skills of professionals from developing countries in inclusive finance law.

The 24 students of this second promotion successfully completed the programme, after a two week course on regulatory oversight, ethics, investment vehicles and banking law, taught by University professors, ADA, the EIB as well as other microfinance specialists coming from Nicaragua and Zimbabwe.

The Certificate Award Ceremony, organized by the EIB on Thursday 25 January 2018, gave the opportunity to the Dean of the EIB Institute, Francisco de Paula Coelho, to congratulate the participants, some of whom are working in the administration and in the agencies responsible for establishing and implementing the inclusive finance regulatory framework. "When we will meet around a table - he says - I'm sure you'll remember the time you spent here in Luxembourg and the experience you shared with the aim of strengthening inclusive finance in your country".

Olivier Massart, ADA’s Executive Director, underlined the fact that the Luxembourg "system", and in particular the work of synergy between the Ministry of Foreign Affairs, the EIB, the University and ADA, has allowed the development of a remarkable knowledge in microfinance. "Our mission, with the Certificate and other initiatives, is to make this knowledge available to all operators in the sector, to continue moving forward on the path of financial inclusion."

In his closing speech, Prof. Dirk Zetzsche, ADA Chair, emphasized that the diversity of the participants has brought great enrichment thanks to the exchange of different experience. Indeed, more than 20 countries were represented within the same promotion: Algeria, Benin, Burkina Faso, Burundi, Cameroon, Ecuador, Ethiopia, Guinea, Equatorial Guinea, France, Jordan, Madagascar, Morocco, Mozambique, Myanmar, Nepal, Niger, Nigeria, South Africa, Tanzania, Tunisia and Uganda.

To promote inclusive participation, scholarships were awarded to students who needed help.

This Certificate is part of the activities carried out within the framework of the ADA Chair in Financial Law – Inclusive Finance, the fruit of the cooperation between the Faculty of Law, Economics and Finance of the University of Luxembourg and ADA. The program was organized in cooperation with the EIB and the law firm Arendt&Medernach.

The EMP starts its 2018-2019 recruitment campaign

European Microfinance Programme
The European Microfinance Programme (EMP) has started its recruitment campaign for academic year 2018-2019. The full programme and the application file are downloadable from the EMP website: www.europeanmicrofinanceprogram.org.
Launched in 2005, the EMP is co-organized by three universities: Université libre de Bruxelles (ULB), Université de Mons (UMONS) and Université Paris-Dauphine and five NGO partners: ADA, BRS, CERISE, Positive Planet and SOS Faim. The courses take place in Brussels, on the premises of the Solvay Brussels School of Economics and Management (ULB).
The EMP is designed by microfinance experts to offer a unique blend of theory and practice. The purpose of the programme is to develop future professionals in microfinance who will contribute to the strengthening of microfinance institutions worldwide, in accordance with the highest international standards.

Application deadline: 8 February 2018

Admission requirements
The selection of the candidates is based on academic records and professional experience.
The candidates must hold a Master's Degree (equivalent to 300 ECTS) in fields of specialisation such as: development cooperation, economics, agronomy, management, and finance. Exceptionally, other qualifications are accepted by the jury.

English language proficiency
As the EMP is taught in English, candidates must prove their spoken and written command of English. Non-native English speakers and applicants with no diploma from English-speaking countries can find information on evidence of English proficiency on the EMP website.

CCD scholarships (deadline: 8 February 2018)
Each year, 12 full scholarships are awarded to EMP candidates coming from selected developing countries. Before applying to these ARES-CCD scholarships, please check your eligibility and the deadlines on the ARES-CCD website.
The ARES-CCD application form MUST be sent directly to the CCD by postal mail. The EMP expects that these applicants send an electronic copy of their ARES-CCD application form together with their specific EMP application.

Tuition fees
The 2018-2019 tuition fees have not yet been determined. For information only, the 2017-2018 tuition fees were:
- EU countries and least developed countries: EUR 835
- Industrialized non-EU countries: EUR 4,175
- For updated information on tuition fees, please consult the ULB website

Claire Verhaegen
EMP coordinator
Phone: +32(0)2.650.41.62

Through this partnership, each year ADA offers 3 internships to the students of the programme.

ADA wish you a happy new year

Let's continue hand in hand in 2018!


Take part in the second edition of the Certificate in Law and Regulation of Inclusive Finance!

O Minaire ADA 16 01 2017 09

From January 15 to 26, 2018, at the Faculty of Law, Economics and Finance of the University of Luxembourg

Launched in January 2017, the Certificate in Law and Regulation of Inclusive Finance is a joint project of the ADA Chair in Financial Law (Inclusive Finance) at the University of Luxembourg’s Faculty of Law, Economics and Finance, with ADA and the European Investment Bank Institute.
Entering its second edition in 2018, the programme is aimed at regulators, intermediaries and other inclusive finance organisations. 

The programme aims to raise awareness on the topic of law and regulation in the inclusive finance sector, enable an exchange with regulators and financial intermediaries and facilitate further academic and non-academic cooperation. Taught in four modules, the course comprises 72 Teaching Units over 10 days.

The programme is limited to a maximum of 25 qualified and motivated students from different backgrounds. They will be selected by the Course Director in cooperation with ADA.

Up to 50 percent of places in the programme will be granted to qualified students in need of financial assistance. These students will receive scholarships as well as travel and accommodation support for their stay in Luxembourg (application deadline: October 1, 2017).

The programme is seeking support from private partners in Luxembourg. Sending one participant whose full cost of tuition is paid by a private sponsor will help ensure funding of the programme for other students.
We welcome additional support by private partners to finance one or more scholarships of 6,000 euros each for students from developing countries.

More than 23 participants from different countries took part in the first edition of the Certificate in January 2017.

Download the flyer to learn more about the application process.

ADA at the European Microfinance Week: fostering the scaling up of African MFIs


Soulemane Djobo, a “veteran” of microfinance and senior project officer at ADA, moderated a panel around the main opportunities and challenges in promoting the scaling up of microfinance institutions (MFIs) in Africa. Four professionals with different perspectives on the issue shared the lessons learned from their experience - 15 years on average - in the field.

Eric Campos, director of the Foundation Grameen Crédit Agricole, questioned the title: is scaling up the real challenge for African MFIs? According to his approach, we should rather adopt of a more global vision, putting the agricultural value chain at the core of our support for MFIs. They are very sensitive to the agricultural component of their activity. In the economy of the African villages, agriculture plays a key role but it remains a very fragile sector and the effects of climate change, in the last years, have made the sector even more precarious. In order to stabilize agricultural income, the Foundation is committed to supporting agri-businesses in their capacity to create added value for the sector and to develop viable and affordable business models for agricultural insurance.

The second panelist, Grégoire Danel-Fédou, current COO of the Advans Group, started his intervention from his experience as CEO of the MFI Advans in the Ivory Coast. When Advans decided to start operations in the country the situation was complex: it was a post-war situation, the economy was stagnate for 10 years, and the performance of the banking sector was very bad.  Only the informal and semi-formal economy remained very dynamic. In addition, the regulator had imposed a cap on interest rates of 24%, difficult to manage considering the operational costs. Advans, which developed “green field” MFIs, has therefore launched its new MFI in this very particular context, made of "challenges" to use Grégoire's words. Challenges that turned into opportunities. The MFI was forced to respect a very strict discipline that allowed it to be profitable and to develop.

Edmund Higenbottam, Managing Director of Verdant Capital - a corporate finance firm that operates across the African continent with MFIs and Fintech companies - focused on the financial needs of MFIs at different levels of development. He highlighted the fact that small MFIs are often victims of a paradox, which Edmund called "Catch 22" by quoting the title of Joseph Heller's novel. They have difficulty finding investors interested in investing less than 5 million dollars in their institution but at the same time they need to grow in order to optimize costs and so to increase their profit.

The last speaker, Alexandre Nayme, investment manager at BNP Paribas, developed his intervention around some of the points cited in the previous presentations. He highlighted the difficulty of investing in Africa, which today represents only 13% of their portfolio. The French bank has set a goal of maximizing the number of final beneficiaries in order to reach 350,000 micro-borrowers by the end of 2018. Several obstacles remain, notably the smaller average size of African MFIs, the fact that they tend to favour individual lending versus group lending and the lack of infrastructure that makes it difficult to reach rural clients.

To conclude, Soulemane took up the main points raised by the panelists, highlighting the existing opportunities to further strengthen African MFIs: partnerships with local institutions with high potential, the strengthening of human resources and alternative distribution channels.

European Microfinance Week 2017

European Microfinance Week (EMW), hosted by e-MFP, is one of the top events in the microfinance calendar and a unique meeting point for microfinance professionals working worldwide. EMW brings together all actors of the inclusive finance sector including consultants & support service providers, investors, multilateral & national development agencies, NGOs and researchers.

As every year, ADA will be present and participate in the debate, as part of a week rich in Luxembourg for inclusive finance.

The program :

  • Tuesday, November 28th from 2pm to 6pm at the University of Luxembourg (4, rue Alphonse Weicker): Luxembourg Inclusive Finance Research Conference
  • Wednesday, November 29th from noon to 2pm at the Banque du Luxembourg: Midi de la microfinance et de l'inclusion financière. Register!
  • Thursday, November 30th from 6.30pm to 9pm: European Microfinance Award 2017
  • From 29th November to 1st December: the conferences of the European Microfinance Week.

For more information, please visit www.e-mfp.eu

Luxembourg Inclusive Finance Research Conference

The ADA Chair in Financial Law (Inclusive Finance) at the University of Luxembourg, Faculty of Law, Economics and Finance, organizes on the eve of the European Microfinance Week the first Luxembourg Inclusive Finance Research Conference.

At the half-day event on Tuesday, 28 November 2017, from 2 through 6 p.m., speakers from the University of Luxembourg and their research partners present their research projects in inclusive finance matters and discuss them with an international audience, with the aim to enhance the scientific fundament and connection to Global South. 
All participants of the European Microfinance Week as well as all interested audience from the Luxembourg financial centre are invited.


  • Dr. Dirk Zetzsche, Holder of the ADA Chair, Professor of financial law, ADA Chair in Financial law – inclusive finance, University of Luxembourg
  • Dr. Veronica Trujillo Tejada, Financial Sector Development Consultant, World Bank – CGAP, Washington, USA 
  • Dr. Louise Malady, Senior Research Fellow at University of New South Wales, University of New South Wales, Sydney, Australia
  • Cécile Godfroid, assistant and PHD student, UMONS, Solvay Brussels School, Belgium (award for the best research paper during the conference Research Meets Africa alongside the African Microfinance Week)
  • Dr. Anja Leist : Post-Doc Research Associate, PEARL Institute for Research on Socio-Economic Inequality (IRSEI), University of Luxembourg

The program is available on the link below:

The Inclusive Finance face to the Climate Change

Take part in the Second edition of the Green Inclusive Finance Forum (Lima, October 19-20) organized by COPEME with the support of ADA.

Towards the financial inclusion and the protection of the environment we found the Green Inclusive Finances (GIF).  The “Green Inclusive Finance are financial services that support economic growth in a clean, resilient and sustainable manner, and focus on the base of the pyramid (BOP) including micro, small, and medium-sized enterprises in low-income countries or such subsets of population within other developing countries.” (ENCLUDE, 2015) and thus creating added value for end-clients, financial intermediaries and investors.

For the second consecutive year, COPEME (Consortium of Private Organizations for the Promotion of Small and Medium-Sized Enterprises), with the support of ADA, organizes a forum to promote the development of the GIF sector. An unique space where the public sector, companies, NGOs, investors and financial entities come together to exchange experiences and find solutions to the challenges of GIF development.

This second edition titled " Green Inclusive Finance: our only choice to address the impact of climate change” will focus on the challenges and opportunities created by the climate change and how the GIF actors must explore new ways of doing business to take on the new panorama.

For more information and registration visit the website of the event: http://www.forofiv.org

Report of the training workshop on finance for agriculture in Abidjan

A training workshop on finance for agriculture was organised jointly by ADA and FAO, from 7 to 11 August 2017 in Abidjan (Côte d'Ivoire).

The workshop was attended by 18 participants representing 15 microfinance institutions from 5 countries in French-speaking Africa (Benin, Burkina Faso, Côte d'Ivoire, Democratic Republic of Congo, Togo), who spent 5 days discussing the key issues related to financing agricultural value chains. Methodologies, tools and other resources to assist participants in the design and sustainable offer of agricultural finance products were also presented and discussed.

The training was provided and facilitated by Soulemane Djobo (ADA), Niclas Benni (FAO) and Gauthier Malnoury (ADA). The theoretical presentations of the concepts were enriched by numerous exchanges between participants and the sharing of experiences in finance for agriculture.

This training workshop is the first step in a one-year finance for agriculture support-coaching project, offering interactive support to financial institutions intending to develop finance for agriculture products. In addition to coaching, the project includes the development of a concrete action plan to achieve the expected results as well as co-financing of the main activities.

LMDF and Ville de Luxembourg presents The Impact Ecosystem

July 11, 2017, Luxembourg


SDG Lab: sustainable solutions for poverty reduction and community health in Africa

SDG Lab santé communautaire

July 6 and 7, 2017, Luxembourg

At a time when public health in many African countries is under threat, the PEARL Institute for Research on Socioeconomic Inequality at the University of Luxembourg, in collaboration with ADA Microfinance Luxembourg, is organizing a Sustainable Development Goal (SDG) Lab on July 6 and 7, 2017, in Luxembourg. This working group aims to collaboratively develop innovative solutions to complex challenges in sustainable development in the areas of microfinance and community health in Africa.

In search of sustainable solutions
In the context of a health crisis characterized by poor water quality and vector-borne diseases (malaria etc.), many young adults and professionals from the poorest African countries are seeking innovative economic solutions to develop their own businesses. Lack of clean drinking water and unimproved sanitation facilities put communities in dire need of finding sustainable solutions to improve community health.

The “Young Entrepreneurs” initiative
The “Young Entrepreneurs” initiative, set up by ADA, proposes a pilot economic innovation to respond to these problems. Thanks to the support of Microfinance Institution partners, this initiative has developped a range of financial services (loans, savings) and non-financial services (training, support) adapted to the needs of young entrepreneurs who wish to set up a project in Niger, Togo or in Rwanda. How can the sustainability of this initiative be ensured?

SDG Lab in response to the development of young entrepreneurs
On July 6 and 7, 2017, the PEARL Institute and ADA Luxembourg are organizing SDG Lab, a two-day social innovation workshop, to support the “Young Entrepreneurs” initiative. The workshop will provide concrete solutions to meet the sustainable development goals of poverty reduction and the provision of drinking water and sanitation for local populations.

A dual sustainable objective
The first objective of the SDG Lab workshop will be to ensure the sustainability of the “Young Entrepreneurs” initiative with the support of microfinance experts on the first day of the workshop.
The second objective will be to extend the initiative, in order to improve access to drinking water. Water experts will therefore gather on the second day of the workshop to explore the issues related to drinking water. They will then engage in discussion to propose innovative.

SDG Lab among the top 10 selected workshops
Future Earth and Stockholm Resilience Centre have recently called for applications to sponsor ten labs worldwide. The SDG Lab proposal was among the ten selected labs that will receive funding, out of a total of 331 applications.

The results of the workshop
ADA is convinced that SDG Lab will contribute to the search for solutions to reduce poverty and allow access to drinking water in Africa.
​The results will be presented to the participants at 4.00 p.m. at the end of the workshop, but also during several major events (Resilience 2017 Conference Stockholm, African Microfinance Week in Addis Ababa, Ethiopia, from 9th to 13th October 2017, Francophonie Parlementaire Conference). The results will also ultimately feed into the UN High-Level Political Forum 2018 on sustainable societies.

Participation in the workshop is reserved for experts, invited for the occasion by ADA and the University of Luxembourg.


More information on SDG Lab : http://bit.ly/2nbb52u
You can also find the project’s description soon on futureearth.org

ADA at the European Microfinance Research Conference in Portsmouth

portsmouth web

June 12 - 14, 2017, Portsmouth, UK

The conference is being organised by the University of Portsmouth in cooperation with e-MFP and the Centre for European Research in Microfinance (CERMi) with an overall theme of “Microfinance and Financial Inclusion”. 

150 proposals for papers have been received to date and over 200 participants are expected. Approximately 90 papers have been accepted to be presented at the forthcoming conference. The authors of these papers come from all continents and are mostly associated with academic institutions, including University of Agder, University of Berkeley, Frankfurt School of Business & Management, University of Geneva, Institute of Fiscal Studies London, University of Illinois, University of Oxford, University of Regensburg, University of Sussex, University of Zurich and many others.

The interest expressed by researchers confirms the role played by the conference as a unique platform to exchange ideas, build networks, give visibility to projects and identify new paths for research. As in previous editions of the conference, there will be a combination of plenary sessions and parallel sessions. Plenary sessions will include panels on strategy, gender, Islamic microfinance, digital financial services as well as future research in the area. Confirmed keynote speakers include James Copestake, Ariane Szafarz, Tyler Rye and Kimanthi Mutua.

The attendance of Mr Mutua, Founder and Director of SIDIAN BANK Kenya, was enabled by ADA, which is supporting the conference. Moreover, Prof. Dirk Zetzsche, Headholder of ADA Chair in Financial Law – Inclusive Finance in Luxembourg, will moderate the opening panel on Strategy and Regulation.    

The Fifth European Microfinance Research Conference will take place from 12th until 14th June 2017 at the University of Portsmouth.

Network Exchange Symposium – NEX

photoEscudo Palacio de Bellas Artes cdmex bellasartes2

June 5, 2017, Mexico City, Mexico

The Network Exchange Symposium – NEX

Since 2008, ADA has been organizing regional network summits. These workshops bring together partner and non-partner regional and national microfinance networks and professional associations.

The workshop is designed to showcase the experiences of professional associations from all continents. They will be invited to present their history, the challenges they met over the years, their relationship with their members and donors, their impact on regulation. The presentations will include discussions on their funding strategy, the evolutions of the sector and their members’ needs, and how they adapted their services, both commercial and non-commercial, accordingly.

Download the tentative agenda here:

The event will be organized on Monday, 5th June, in coordination with SPTF alongside their annual general meeting in Mexico.

In 2017, ADA decided to extend its network summit to have a wider outreach and impact by bring together networks and professional associations from all three continents.

Participants will include ADA’s partner and non-partner networks and professional associations to encourage a rich discuss on the current trends of the sector and the role of microfinance associations.

Please contact Ms. for more information.

Two Ministers of Luxembourg on a visit at the House of Microfinance!

MDD 8558


May 2, 2017, Luxembourg

On May 2, 2017, the Minister for Development Cooperation and Humanitarian Affairs (Luxembourg), Romain Schneider, and Minister of Finance (Luxembourg), Pierre Gramegna, visited the House of Microfinance in Luxembourg, which is celebrating its tenth anniversary this year.

Over the past two decades, Luxembourg, through the Directorate for Development Cooperation and Humanitarian Affairs of the Ministry of Foreign and European Affairs and the Ministry of Finance, has actively supported the sector of inclusive finance as a tool for the development and the fight against poverty. While more than 60% of microfinance assets are from the Grand Duchy and 30% of MIVs are housed in the country, Luxembourg has thus become an important international player in this field and remains firmly committed to supporting NGOs and institutions of the sector.

The visit was an opportunity for both ministers, Schneider and Gramegna, to meet with the responsible in the field and to renew Luxembourg's political and financial commitment to microfinance and inclusive finance.

The Minister of Finance, Pierre Gramegna, said: "I like this word of inclusive finance, because it implies to get on board our society".

During the meeting, the Minister for Development Cooperation and Humanitarian Affairs, Romain Schneider, stressed that "The money that is invested serves multiple products and honors the country". He also added that "at SAM 2015, I was able to measure the importance of Luxembourg for microfinance".

In Luxembourg, too, microfinance makes sense!

illustrat microlux 2

April 5, 2017, Luxembourg

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.

microlux partenaires EN

BIL Conference: The Women Effect - Invest Differently

March 8, 2017

Conference - Save the date- 8 March 2017

Projection of the documentary “Microcrédit en 4L”

microcrediten4L 3

March 1, 2017, Luxembourg

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 InFiNe.lu in collaboration with   

Watch the trailer of this incredible project!

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

For more information: InFiNe.lu | 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"

November 17, 2016, Luxembourg

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

November 23 - 25, 2016, Medellin, Colombia

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

October 20 - 21, 2016, Kigali, Rwanda

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: http://mastercardfdnsymposium.org

ADA is part of the Financial Inclusion Week

Financial Inclusion Week 2016 Header

October 17 - 21, 2016, Luxembourg

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.

More info: www.centerforfinancialinclusion.org/fi2020

ADA at the Boulder Microfinance Training!


July 15 to 5 August, 2016, Turin, Italy

For the second consecutive year, an employee of ADA was selected by Infine.lu 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  Infine.lu.

Ecobank wins an award for financial inclusion efforts


May 25, 2016, Lusaka, Zambia

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 took part in 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 (InFiNe.lu). 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

March 14 - 17, 2016, Abu Dhabi, UAE

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


March 17, 2016, Abu Dhabi, UAE

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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