2nd European Microfinance Award

The 2nd European Microfinance Award was presented on 12th November 2008 in the new premises of the European Investment Bank (EIB) Luxembourg. Presiding were Her Royal Highness The Grand Duchess of Luxembourg; Mr. Louis Michel, European Commissioner for Development and Humanitarian Aid; Mr. Jean-Louis Schiltz, Minister for Cooperation and Humanitarian Action and Mr. Philippe Maystadt, President of the European Investment Bank.

The 100,000 Euro prize was awarded to the Microfinance Institution (MFI) Buusaa Gonofaa (email: bgmfi@ethionet.et), represented by its Director, Mr. Teshome Y. Dayesso for the development of an innovative system for determining customer needs and evaluating changes in their social well-being.

The two other finalists were Angkor Microfinance Kampuchea (AMK) of Cambodia , www.amkcambodia.com and Red Financiera Rural (RFR) , www.rfr.org.ec of Ecuador.

More on: http://www.e-mfp.eu/2nd-European-Microfinance-Award