ADA connects research with field work

ADA seeks to bring together inclusive finance stakeholders and to build bridges between academic research and field practitioners, while raising awareness within the inclusive finance sector.

Our Research and Development Programme has opted for a three-stage approach:

  • Identifying key issues and questions. Stemming from recurrent themes that are central to the development of the inclusive finance sector, this initial phase aims at gathering feedback about the most pressing needs and unmet demand by means of a monitoring process. Monitoring is carried out by the ADA staff, our partner MFIs, networks and universities, together with local and international research centres, as well as students who are offered research internships on the field. The programme lays a particular emphasis on drawing lessons learned from the projects carried out by ADA's other programmes.
  • Designing and coordinating research projects. Research projects are designed and developed in close collaboration with ADA´s other units and with our partners on the field. Our projects have two priority areas, i.e. analysis of the financial, social and environmental performance of MFIs, and examination of markets, sectors and stakeholders of the inclusive finance industry investment funds, rural and agricultural finance, and digital finance.
  • Sharing findings and developing solutions. Research findings are shared through a range of channels, including conferences (e.g. our annual symposium) and publications (e.g. Passerelles, a journal developed in-house). Our unit further disseminates knowledge through the design and delivery of professional training programmes, and of academic courses in partner universities, in both the northern and the southern hemispheres.

Rural and agricultural finance was central to our Research and Development activities in 2015. In partnership with research centre Nitlapan, a research centre attached to the Central American University, and the Institute of Development Policy and Management, a research unit attached to the University of Antwerp, ADA coordinated a study on the issues linked to livestock farming and sustainable agricultural financing in Nicaragua. The research findings and recommendations to the microfinance sector were published in a Policy Brief (in Spanish).

As part of the 2015 African Microfinance Week, a number of events, addressing rural and agricultural finance, such as the Research Meets Africa workshop, were held in Senegal, bringing together microfinance professionals and academic researchers.


The latest news from our partner universities


January 2017

First edition of the Certificate in Law and Regulation of Inclusive Finance of the ADA Chair in Financial Law

In 2014, the University of Luxembourg and its Faculty of Law, Economics and Finance has partnered with ADA to advance the emerging field of law and regulation of inclusive finance with a focus on knowledge transfer from European jurisdictions to developing countries and the further development of financial law and regulation in developing countries.

The first edition of the Certificate in Law and Regulation of Inclusive Finance of the ADA Chair started on Monday 16th, January 2017.

This two-week executive training program aims to deepen the knowledge and the skills of sector actors in the specific field of law and regulation of inclusive finance.

The course welcome 22 students (managers, regulators, financial intermediaries and representatives of other inclusive financial institutions) from the South and the North, from 16 nationalities: Indian, Cameroonian, Indonesian, Pakistani, Tunisian, Moroccan, Mongolian, Kenyan, Nigerian, Ghanaian, Tanzanian, Colombian, English, Beninese, Spanish and Palestinian.

The core of the teaching staff includes: 

  • Professors of the UNI: Prof Dr. Dirk Zetzsche (President of the ADA Chair), Prof. Dr. David Hiez, Prof. Dr. Isabelle Riassetto
  • ADA Teachers: Sarah Canetti, Paul Surreaux
  • Kaspar Wansleben, Executive Director of Luxembourg Microfinance and Development Fund
  • Jean Marc Goy, Cross Border Financial Control, CSSF
  • Anne Contreras, Arendt & Medernach
  • Prof. Shariq Nisar, Mumbai Technical Institute, India
  • Prof. Michael S. Barr, University of Michigan, USA
  • Professors from the European Investment Bank (EIB)
  • Kate Bedwell, Head of Governance, Risk & Compliance for Vodafone mPesa
  • Ligia Castro-Monge, Expert in Microfinance & Risk Management
  • Dr. Carsten Jungmann, programme director at the Bucerius Law School in Hamburg
  • Dr. Laurent Lhériau, PhD in Law and specialist in financial regulation
  • Prof. Uriel Procaccia, Dean at Watchtell, Lipton, Rosen and Katz

Courses will take place at the University of Luxembourg, at the EIB and at ADA.

Download the certificate program below:

  • O Minaire ADA 16 01 2017 01
  • O Minaire ADA 16 01 2017 02
  • O Minaire ADA 16 01 2017 03
  • O Minaire ADA 16 01 2017 04
  • O Minaire ADA 16 01 2017 05
  • O Minaire ADA 16 01 2017 06
  • O Minaire ADA 16 01 2017 07
  • O Minaire ADA 16 01 2017 08
  • O Minaire ADA 16 01 2017 09
  • O Minaire ADA 16 01 2017 10
  • O Minaire ADA 16 01 2017 11
  • O Minaire ADA 16 01 2017 12
  • O Minaire ADA 16 01 2017 13
  • O Minaire ADA 16 01 2017 14
  • O Minaire ADA 16 01 2017 15
  • O Minaire ADA 16 01 2017 16
  • O Minaire ADA 16 01 2017 17
  • O Minaire ADA 16 01 2017 18
  • O Minaire ADA 16 01 2017 19
  • O Minaire ADA 16 01 2017 20
  • O Minaire ADA 16 01 2017 21
  • O Minaire ADA 16 01 2017 22
  • O Minaire ADA 16 01 2017 23
  • O Minaire ADA 16 01 2017 24
  • O Minaire ADA 16 01 2017 25
  • O Minaire ADA 16 01 2017 26
  • O Minaire ADA 16 01 2017 27
  • O Minaire ADA 16 01 2017 28
Université de Lorraine
  • In partnership with the Université de Lorraine, ADA set up the Entrepreneurship, Microfinance and Development Master II course, headed by Professor Chicot Eboué. Discover the programme online!



  • The European Microfinance Programme (EMP) is pleased to of inform you that the recruitment campaign for the 2016-2017 academic year has begun. Application forms can be downloaded from the EMP website. Launched in 2005, the EMP is co-organised by three universities: the Université Libre de Bruxelles, the Université de Mons and the Université Paris-Dauphine, in partnership with five NGOs: ADA, BRS, CERISE, PlaNet Finance and SOS Faim. The courses are held in the premises of the Solvay Brussels School of Economics and Management. The EMP has been designed by microfinance experts to provide a unique blend of theory and practice. The programme goal is to train future microfinance professionals, to help them support microfinance institutions worldwide, in line with the very highest international standards. Information about admissions and the application process are available on the EMP website.

  • Support to MAIN universities : Since 2001, the MAIN network (Microfinance African Institutions Network) has helped create three Master’s degree programmes in Microfinance at three African universities: the Université Catholique d’Afrique Centrale (UCAC) in Yaoundé, Cameroon, the Université Catholique d’Afrique de l’Ouest (UCAO) in Lomé, Togo, and the Uganda Martyr’s University (UMU) in Nkozi, Uganda. Since 2014, ADA has been providing support to the two French-speaking universities, UCAC and UCAO. In 2016, ADA looks to extend this support to the UMU's English-language curriculum.

Passerelles: a publication combining analysis and experience

The biannual publication of “Passerelles” aims to stimulate thought and debate around the major issues in development, by building on answers that have been put forward by the academic world and by putting them into layman’s terms, while including the input of professionals working in the field. The end-goal is to provide a platform for the sharing of knowledge and skills. The first issue of “Passerelles” focused on the theme of institutional autonomy in microfinance.


Back to top

This site uses cookies to ensure proper functioning. By visiting this site you accept the use of cookies. OK More