Technical Assistance for the Southern Neighbourhood
Financial Inclusion & Microfinance
From 2018 to 2021, this technical assistance project for the European Investment Bank (EIB) promoted the responsible financial inclusion of vulnerable groups in the Southern Neighbourhood region.
Duration
2018 - 2021
Client
European Investment Bank (EIB)
Thematic Area
Financial Inclusion
Country Coverage
Algeria, Morocco, Tunisia, Egypt, Jordan, Lebanon, Palestine and Syria
From 2018 to 2021, this technical assistance project for the European Investment Bank (EIB) promoted the responsible financial inclusion of vulnerable groups in the Southern Neighbourhood region.
Project Overview
The EIB Technical Assistance (TA) Project promoted the responsible financial inclusion of the Southern Neighbourhood populations, in particular vulnerable populations (youth, unemployed, migrants and refugees).
It aimed to reduce poverty, encourage entrepreneurship and increase stability across the region. More specifically, it aspired to improve the quantity and quality of financial services offered to vulnerable beneficiaries who were unserved or underserved by the traditional financial sector.
The Project was implemented by a Consortium led by Frankfurt School and consisted of two components:
Enabling Financial Inclusion
Provided support to Partner Financial Institutions (PFIs) to expand their financial services to more vulnerable groups, in particular migrants and refugees. Frankfurt School experts implemented activities for three PFIs in Jordan, Lebanon and Tunisia to assist the development of a more efficient and digital lending process and the development of credit scoring models, ample capacity building for risk management, a client segmentation and assessment tool, and micro-insurance schemes for refugee finance amongst others.
Creating New Economic Opportunities
Focused on vocational training, economic empowerment and technical support to vulnerable groups, such as the youth, unemployed, migrants and refugees. Here, Frankfurt School experts developed and implemented a mentorship programme for loan officers and designed a business-coaching curriculum.
