Micro Finance Institute for increased employment, economic and social integration

Geografical coverageFour regions - Stockholm, Södermanland, Östergötland and Västra Götaland

Programme: ”Regional Competitiveness and Employment for East Mid – Sweden 2007-2013

Duration of project: 01/01/2008 – 31/12/2010

Implementing agency: NGO - NEEM- Network for Entrepreneurs from Ethnic Minorities in collaboration with 3 partners

Goal: ”Make Women Bankable”To develop a sustainable Micro Finance Institute and create an entrepreneurial infrastructure - Swedish model

Project specific investmentsSocial: To facilitate self employment opportunities to women from marginalised groups in four regions

Structural:To establish four Micro Finance regional support platforms

Financial:To build-up a Micro Finance Loan Fund

Results, impact and sustainability of the project results so far...The first Micro Finance Institute in Sweden was inaugurated on 11th Sept 2009

Transnational cooperation: NEEM is one among European Micro Finance Network members - Exchange of best practice

National level: Policy dialogue on Micro Finance as an inclusive labour market strategy has been initiatedDeveloped Micro Finance outreach methods and tools are on transfer to other organisationsThe Micro Finance Institute in Sweden Ltd is started by beneficiaries Direct lending permit by Swedish Financial Authorities

Regional and local economic perspective:Micro Finance intersectoral platforms are established in four regions

Participants’ age variation & ethnic backgrounds

15%

24%

19%

35%

8% 18-25

26-35

36-45

46-55

56 -65

19%

81%

Native SwedesMigrants

Chile

Cyprus

Eritrea

Iran

Kenya

Congo

Kosovo

Morocco

Peru

Russia

Sweden

Tanzania

Vietnam

0 2 4 6 8 10 12 14 16

Socio-economic effectsExample from the region of Södermanland:Expected impact from started enterprises - € 443 833,4

Local level € 98 791,4

Regional level € 42 857,5

National level € 302 184,5-

- New production units- Increased consumption- Paid in taxes etc.- Decreased costs for social benefits

According to prognosis made by Swedish Industrial Developement Centre (IUC Sverige AB)

THANKS!

Micro Finance Institute in Sweden www.mikrofinansiering.se