Action Finance Initiative _microfinance in Greece_ www.afi.org.gr.

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Presentation transcript:

Action Finance Initiative _microfinance in Greece_

Meet the KOIN.SEP Rokani AFI - Action Finance Initiative 2

Snapshot of our activities AFI - Action Finance Initiative informed 244 trained 156 interviewed 45 approved

Based on all approved loans Of the approved projects: 38% female – 62% male Working Capital 206,660 € Investments 154,990 € 45 COMPANIES 97 JOBS CREATED PREVIOUSLY UNEMPLOYED (directly & indirectly) Total credit 361,650 €

Meet female entrepreneurs AFI - Action Finance Initiative 5

Business support services provided Get Started Sessions Business Model Canvas module Business Planning Basics module Business Planning Advanced module Online Marketing & Social Media UX/UI module Exports Licensing Mentoring

Meet the Frink team AFI - Action Finance Initiative7

Risk Management 0 % Bad Debt Despite the capital controls and the banking freeze during summer !

New partnership with UK charity AFI was selected as the preferred partner to perform the selection process and disbursement Bundle grants and microloans for the first time Partnership is currently finalized Goal is to launch in June 2016 Target: 100 loans/grants combined The charity is responsible for fund-raising the grants portion

Selected by the European Investment Bank As a recognition for the quality of the launch of the organization and the services provided, AFI has been awarded sponsored technical assistance, training and best practices sharing for one year delivered by the European Microfinance Network, Microfinance Center and Frankfurt Business School. Greek Recipients 24 Total EU Recipients + 1 Start-up Recipients

Meet our exporters AFI - Action Finance Initiative 11

Pilot Year 2 targets Fi x ed b r anches I n f orm T r ain Fund

Fixed branch AmountNew hire(s)# of branches €-1 WhatWhatTarget Loans disbursed100 Jobs created115 New financial products Qualitative profile50% of unemployed 50% of women 40% of young (<35) among clients 25% of agri-entrepreneurs People Informed400 People trained (unique)150 Default rate< 10%