European Microfinance Week 2015

Anne CONTRERAS reminded the audience of the theme of European Microfinance Week 2015, Financial Inclusion for Sustainable Development, emphasizing that sustainability has various dimensions. In its financial dimension, Contreras noted that sustainability is translated into better identifying overheated markets and targeting underserved markets, as well as encouraging funding of the sector. She also called attention to the industry’s long-term outlook versus short-term returns. Contreras remarked that sustainability in the sector calls for new approaches to manage risks and expand outreach. This touches upon the better understanding of client needs and the development of tools to reach them effectively and affordably. In its social dimension, Contreras remarked that sustainability involves client protection and the provision of suitable financial services for sustainable livelihoods. Environmentally, sustainable financial inclusion revolves around green energy products and alludes to the improvement of agricultural practices.

Contreras noted that the above-mentioned themes were covered extensively during the three conference days by a number of experts and, as each of the plenaries has made clear, long-term thinking is crucial in financial inclusion and the future of microfinance clients. She concluded the session by thanking the audience, the sponsors of the European Microfinance Week 2015 and gave special note to the translators, to the supporting team of the Abbey of Neumünster, and to the team of the European Microfinance Platform (e-MFP).