Annual Activity Report 2025
Of the e-MFP Secretariat
January - December 2025
Let's go!
Table of contents
2025 at a Glance
About e-MFP
Foreword
Knowledge, Learning, Communications & Visibility
Sector Engagement
Action Groups
IF25
EMA 2025
Community Building, Membership Engagement & Join the Community
Governance & Organisation
Looking Ahead & Our Members
Foreword
2025 was a year of evolution and consolidation for e-MFP. As global challenges affecting financial inclusion intensified, from climate risk and digital transformation to persistent inequality, we continued to provide a space for dialogue, learning and collaboration across our diverse network. A defining moment of the year was the transition of European Microfinance Week into Inclusive Finance 25 (IF25). This strategic evolution reflected both the broadening scope of inclusive finance and our commitment to remaining relevant, responsive and outward-looking in a rapidly changing global context. Throughout the year, we strengthened e-MFP’s role as a convenor and knowledge hub, supporting our members through peer-to-peer exchange, Action Group collaboration, events and partnerships. This report highlights the main activities and achievements that shaped our work in 2025. I’d like to thank the Luxembourg Government for supporting our work and all the e-MFP members, the e-MFP Board, our sponsors, funders and the dedicated e-MFP Secretariat, without all of whom none of this would be possible. With the continued support of our members and partners, we look forward to building on 2025’s successes in the year ahead.
“In a year of profound global change, our strength has continued to lie in collaboration - bringing diverse voices together to advance inclusive finance.” Christoph Pausch
Christoph Pausch, e-MFP Executive Secretary
About e-MFP, Our vision & Mission
With around 120 members, e-MFP is the leading network of organisations and individuals active in the financial inclusion sector in developing countries. We foster activities that increase global access to affordable, quality, sustainable and inclusive financial services for un(der)banked populations, by driving knowledge sharing, partnership development and innovation. e-MFP is a multi-stakeholder platform, bringing together practitioners, investors, researchers, policymakers and support organisations. Our work is delivered through events, Action Groups, publications and partnerships, with a strong emphasis on peer learning and practical impact.
Our mission is to bring together all stakeholders in the financial inclusion sector. We convene actors, facilitate knowledge creation and sharing, foster collaboration and partnerships, and promote — and ultimately help shape — financial inclusion globally.
Our Mission
Our Vision
Our vision is a world in which all stakeholders work together towards the goal of universal and responsible financial inclusion.
2025 at a Glance
In 2025, e-MFP delivered a wide range of activities across knowledge creation, community engagement and sector dialogue, reinforcing our role as a convenor, knowledge hub and collaborative platform for inclusive finance. Key highlights include:
The launch of Inclusive Finance 25 (IF25), marking the strategic evolution of European Microfinance Week.
760 participants from 69 countries attending IF25, both in person and online.
Delivery of the European Microfinance Award 2025 with a record number of applicants, focused on Building Resilience through Inclusive Insurance, in partnership with the Luxembourg Ministry of Foreign and European Affairs, Defence, Development Cooperation and Foreign Trade (MFA), the Inclusive Finance Network Luxembourg (InFiNe), and the Microinsurance Network.
Continued progress across multiple Action Groups, advancing collaboration and peer learning on key thematic priorities.
Publication and dissemination of new sector knowledge and learning resources, including research, blog series and member-focused insights.
Active participation in financial inclusion events globally, strengthening e-MFP’s visibility and sector engagement.
An expanded digital presence through the website, newsletters and social media channels.
Ongoing growth and engagement of the e-MFP membership community
Knowledge & Learning
Knowledge generation remained central to our work in 2025, with the publication and dissemination of a wide range of reports, learning resources and sector insights aimed at strengthening practice and dialogue in inclusive finance.
A flagship output of the year was the publication "Building Resilience through Inclusive Insurance: Insights from the European Microfinance Award 2025". Drawing on lessons from Award applicants and finalists, the report explored how inclusive insurance can strengthen resilience among low-income and vulnerable populations. It provided practical insights for practitioners, funders and policymakers seeking to develop or scale insurance solutions.
On the same theme, and following a dedicated survey, the publication "e-MFP Members’ Spotlight on Building Resilience through Inclusive Insurance" captured members’ concerns, aspirations, forecasts and activities related to inclusive insurance. The report offered a rich cross-section of perspectives from across the e-MFP network, complementing the Award-focused analysis with member-driven insights.
Beyond major publications, e-MFP continued to share knowledge throughout the year through newsletters, articles and curated resources. Two major blog series were published in 2025:
2. Cooperatives Blog Series
1. Inclusive Insurance Blog Series
Another focusing on cooperatives, reflecting the designation of 2025 as the United Nations International Year of Cooperatives.
One linked to the European Microfinance Award theme of inclusive insurance.
These communications were closely connected to e-MFP's events and Action Group activities, ensuring coherence across knowledge outputs.
e-MFP also supported learning and capacity building through targeted webinars and information sessions. In March 2025, guidance sessions linked to the European Microfinance Award were organised to support prospective applicants. Additional thematic discussions and knowledge-sharing sessions were delivered in connection with Action Group priorities.
April 2025
Disability - Inclusive Financial Services
In April 2025, e-MFP hosted a groundbreaking webinar on disability-inclusive financial services, which attracted over 200 participants. The session introduced key disability inclusion concepts relevant to inclusive finance stakeholders, explored the systemic barriers faced by persons with disabilities, and shared actionable strategies to advance disability inclusion as part of broader financial inclusion objectives.
May 2025
Green Index 3.0 Training
In May 2025, the Green Index 3.0 Training webinar series was successfully delivered in English, Spanish and French by Green Inclusive and Climate-Smart Finance Action Group lead experts Natalia Realpe Carrillo and Davide Forcella. Each of the four modules attracted around 100 participants, reflecting strong demand for practical tools to advance green inclusive finance.
September 2025
WASH Action Group
In September 2025, the WASH Action Group convened leading voices from UNICEF, Aqua for All and INCOFIN in a webinar focused on practical pathways for investors and stakeholders to support lasting, inclusive water, sanitation and hygiene (WASH) solutions.
Together, these activities enabled peer learning and knowledge exchange across the e-MFP network and beyond, particularly among practitioners addressing emerging or complex challenges in inclusive finance.
Communications & Visibility
In 2025, e-MFP’s communications activity included:
Widespread media coverage
20+ articles from the sector and Luxembourg press on IF25
760 IF25 Participants
Regular newsletters
Nearly 10,000 followers
Sustained website traffic
45+ news items and articles
Global conference amplified through digital channels before and after with extensive content
Sustained website traffic driven by publications, event content and knowledge resources
Regular newsletters supporting ongoing member engagement
Nearly 10,000 followers on LinkedIn, with continued growth and engagement on Facebook
45+ news items and articles published on the e-MFP website
Action Groups
Action Groups continued to play a central role in our work in 2025, providing member-led spaces for collaboration, peer learning and innovation around specific thematic priorities. Through regular exchange, joint activities and knowledge production, Action Groups enabled members to translate shared challenges into practical solutions.
WASHAction Group
Green Finance Action Group
Gender Lens Investing Action Group
Across all Action Groups, members contributed expertise and practical experience, generating insights that informed publications, events and wider sector dialogue. These member-driven activities remain a cornerstone of e-MFP’s collaborative approach and are reflected throughout this report.
Inclusive Finance 25
Sector Engagement
International presence
Financial Inclusion for Refugees event
Throughout 2025, e-MFP actively contributed to dialogue, collaboration and sector development, reinforcing our role as a key player in the global inclusive finance ecosystem. Through high-level events, strategic partnerships and targeted engagement, we shared expertise, influenced debate and strengthened connections across regions and stakeholder groups.
Global Disability Summit 2025
Luxembourg Sustainable Finance Initiative Stakeholder Assembly
27th MFC Annual Conference
XI Central American and Caribbean Microfinance Conference
Building Bridges 2025
African Inclusive Finance Week
Inclusive Finance 25
To extend the impact of the event beyond the conference itself, we curated and published a wide range of post-event materials, including session recordings, presentations, thematic summaries and articles. These resources ensure continued access to the knowledge generated at IF25 and support ongoing learning and dialogue within the inclusive finance community.
The transition from European Microfinance Week to Inclusive Finance 25 (IF25) marked a significant milestone for e-MFP in 2025. The new identity reflects the increasingly interconnected nature of financial inclusion and our ambition to engage a broader, more diverse ecosystem of stakeholders. IF25 welcomed nearly 760 participants from 69 countries, combining in-person and online attendance. Over three days, the programme featured plenaries, workshops and interactive sessions addressing critical issues facing the sector, including inclusive insurance, digital finance, climate resilience, women’s financial inclusion, outcomes management, and the role of innovation and technology.
Thank you to our IF25 partners and sponsors
With the support of:
European Microfinance Award 2025
2025 Theme: Inclusive Insurance In 2025, the Award focused on Building Resilience through Inclusive Insurance and was delivered in partnership with the Microinsurance Network. The theme reflected the growing importance of insurance solutions in helping low-income and vulnerable populations manage risk and build resilience in the face of economic, health and climate-related shocks.
Award Background & Partners The European Microfinance Award is a prestigious annual award of €100,000, recognising financial service providers worldwide that demonstrate innovation and excellence in a specific area of financial inclusion. Launched in 2005 by the Luxembourg Ministry of Foreign and European Affairs, Defence, Development Cooperation and Foreign Trade (MFA), the Award is jointly organised by e-MFP, the MFA and the Inclusive Finance Network Luxembourg (InFiNe), in cooperation with the European Investment Bank.
Impact & Learning The Award attracted strong global interest and showcased innovative institutions working to reduce vulnerability through inclusive insurance solutions. Beyond recognising excellence, the European Microfinance Award also served as a learning platform, generating insights that were shared through events, webinars and dedicated publications, contributing to wider sector dialogue.
Process to Winner Announcement In 2025, the Award process included a global call for applications, an independent evaluation process, and the selection of finalists whose work demonstrated innovation, impact and potential for scale. The Award culminated in the announcement of the winner during Inclusive Finance 25 in Luxembourg
Members and Community
Strengthening the e-MFP community remained a core priority in 2025. We were delighted to welcome from the telecommunications, investment, technology, research and financial services sectors, six new institutional members and four new individual members, further expanding our geographic reach and thematic expertise.
New Individual Members
- Katrin Fakiri (United Arab Emirates)
- Usman Ahmad Modibbo (Nigeria)
- Alejandra Ríos (Germany)
- Karar Hussain Shah (Netherlands)
New Institutional Members
- GSMA
- GGSF
- Gawa Capital
- Musoni System
- TruNord Technologies Ltd
- JuST Institute
Together, e-MFP members contribute expertise across regions, institution types and thematic areas, strengthening our role as a collaborative and representative network. Member engagement was further supported throughout the year through regular communication, opportunities to contribute to Action Groups, and active participation in e-MFP activities. Members played a central role in events such as Inclusive Finance 25, Action Group initiatives, and knowledge products including the e-MFP Members’ Spotlight 2025 on Building Resilience through Inclusive Insurance.
Info
The 2025 e-MFP Board
Bob Annibale
Lucia Spaggiari
Marjolaine Chaintreau
Weselina Angelow
nominated by MFR
AXA/nominated by ILO
nominated by MSC
nominated by WSBI
Alain Lévy
Isabelle Delas
Laura Viganò
Laetitia Duren
nominated by LuxFLAG
nominated by University of Bergamo
nominated by BNP Paribas
Arendt/nominated by ADA
Info
The 2025 e-MFP Team
Gabriela Erice
Christoph Pausch
Sam Mendelson
Daniel Rozas
Executive Secretary
Financial Inclusion Specialist
Network Development Coordinator
Senior Microfinance Expert
Anaïs Flaceau
Niamh Watters
Fernando Naranjo G.
Information Officer
Administrative Assistan
Programme Coordinator
Join the e-MFP Community
e-MFP is a growing, diverse community of organisations and individuals committed to advancing inclusive finance worldwide. Our members engage through Action Groups, events, research and dialogue, contributing expertise while learning from peers across regions and disciplines.
We welcome practitioners, investors, researchers, policymakers and support organisations who share our commitment to responsible, inclusive and innovative financial systems.
To learn more about e-MFP membership and how to get involved, click here.
Looking Ahead
“Adapting, innovating and working alongside our members”
The achievements of 2025 provide a strong foundation for the year ahead. Building on this momentum, we will continue to strengthen e-MFP’s role as a knowledge hub, convenor and collaborative platform for the inclusive finance community. In 2026, e-MFP will focus on deepening Action Group work, expanding partnerships and supporting innovative, inclusive and resilient financial systems through collective action. We will continue to create spaces for dialogue and learning, respond to emerging challenges in the sector, and amplify member expertise through research, events and knowledge-sharing initiatives. As the inclusive finance landscape continues to evolve, we remain committed to adapting, innovating and working alongside our members and partners to advance meaningful and lasting impact.
Our Members
Our Members
Our Members
Our Members
Thank you!
Beyond our flagship event, e-MFP strengthened its international presence through partnerships, collaborative initiatives and participation in key sector forums. These engagements reinforced our role as a connector, trusted centre of expertise and thought-leader, facilitating dialogue between practitioners, investors, policymakers and development actors.
In May, e-MFP’s Executive Secretary Christoph Pausch participated in the Luxembourg Sustainable Finance Initiative (LSFI) Stakeholder Assembly, an annual gathering bringing together CEO-level stakeholders from across Luxembourg’s sustainable finance ecosystem. The event, which included participation from Luxembourg’s Minister of Finance, Gilles Roth, and Minister for the Environment, Climate and Biodiversity, Serge Wilmes, provided a platform for strategic dialogue on advancing sustainable finance
e-MFP’s work is supported by a small, dedicated team working closely with members and partners across regions and thematic areas.During the year, we also progressed internal operational improvements to support growing activities and engagement, ensuring the effective delivery of e-MFP’s work programme.
e-MFP continued to operate under a strong governance framework in 2025, with oversight provided by its Board and active member participation through the General Meeting of Members, held online mid-year. The meeting provided a forum for governance updates, strategic reflection and exchange among members.
Gender Lens Investing Action Group
Over the past year, the GLI Action Group has shifted focus, based on extensive consultation, towards development of what its members perceive as its greatest value: development of a curated, highly filterable online GLI Resource Portal. The aim of the portal is to reduce fragmentation in the gender finance landscape by providing practical, high-quality, annotated and user-specific resources for different stakeholder groups, including financial service providers, investors, and technical assistance providers. During 2025, the AG defined the portal’s scope and architecture, mapped and tagged existing global and regional resources, identified priority content gaps, and began building the portal itself.
Also in May, at the Microfinance Centre (MFC) Annual Conference in Tbilisi, Georgia, Daniel Rozas contributed his sector expertise as a panellist in the session “Cambodia’s Microfinance Journey – Lessons from Boom and Bust”. Drawing on his analytical work on market dynamics and sector development, the discussion explored lessons from Cambodia’s microfinance experience and their relevance for other markets.
Green Finance Action Group
In 2025, the Green Finance Action Group continued to explore approaches linking environmental sustainability with inclusive finance. The group contributed to capacity building through activities such as the Green Index 3.0 Training webinar series, delivered in multiple languages. By fostering dialogue between practitioners and experts, the Action Group supported members in advancing environmentally responsible financial solutions that also promote inclusion.
In October, African Inclusive Finance Week in Nairobi provided an opportunity for Christoph Pausch to reconnect with existing partners and initiate new collaborations with African inclusive finance stakeholders. Together with InFiNe and other members of the Luxembourg inclusive finance ecosystem, e-MFP hosted a joint booth at the event to showcase our collective work, activities and partnerships.
WASH Action Group
In 2025, the WASH Action Group (WASH AG) consolidated its partnership with Aqua for All and advanced to Phase III of its project to develop, test and refine an impact indicator framework for the WASH sector, building on the earlier assessment of the WASH Indicator Framework’s feasibility and adoption and again working with Microsave Consulting (MSC). This phase focused on refining the framework, designing and implementing a field pilot with selected financial service providers (FSPs), and developing practical data collection and reporting protocols. Early findings and lessons from the pilot were presented at IF25, helping position WASH impact measurement as a concrete, operational agenda within the inclusive finance community. The final, refined Indicator Framework - incorporating clarified definitions, streamlined metrics, and practical guidance for implementation via a dedicated operational manual - was published in February 2026.
The AG has begun preparing the next phase of work: moving from framework validation to structured pilot implementation of ongoing data collection and reporting with impact investors and their investees. This will involve working towards a harmonised set of indicators, aligned reporting templates, and integration with existing data platforms such as ATLAS, responding directly to the challenges around standardisation and capacity identified in earlier research. The objective is to shift WASH impact measurement from a conceptual framework to a functioning, investor-ready reporting architecture that can be adopted at scale.
At the Global Disability Summit (GDS) 2025 in Berlin in April, the Barrier-Free Finance Initiative (BFFI), e-MFP, the Alliance for Financial Inclusion (AFI), Humanity & Inclusion (HI), Grameen Foundation and the World Food Programme (WFP) announced a joint commitment to advance the financial inclusion of persons with disabilities through the global GDS mechanism. This collective declaration represented a strong and visible commitment to building a more inclusive financial ecosystem.
The centrepiece of this engagement was Inclusive Finance 25, held in November in Luxembourg. The conference brought together a global audience to examine key trends and challenges in inclusive finance. Discussions covered topics including inclusive insurance, digital finance, climate resilience, women’s financial inclusion, outcomes management, and the role of innovation and technology in advancing impact.
In September, e-MFP’s Gabriela Erice participated in the Building Bridges 2025 conference in Geneva. The event aims to accelerate the transition towards a sustainable global economic model by bringing together the finance industry, governments, international organisations and civil society to mobilise private capital for positive social and environmental impact.
In early March, e-MFP and Finance in Finance (FiF) UK co-hosted an event in London to present insights from the 2024 European Microfinance Award on Advancing Financial Inclusion for Refugees and Forcibly Displaced Persons. The event featured mini case studies, summary insights from the Award evaluation process, and the presentation of the 2024 Award publication, fostering discussion on inclusive finance solutions for displaced populations.
As a Strategic Partner of the XI Central American and Caribbean Microfinance Conference, organised by REDCAMIF in San José, Costa Rica in June, e-MFP’s Green Finance Action Group hosted a dedicated session entitled “Inclusive Green Finance: Building Alliances between Investors and Financial Service Providers”. The session connected inclusive finance investors and providers to explore ways to expand access to green finance and increase the supply of climate adaptation, mitigation and resilience products and services in the region.
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Transcript
Annual Activity Report 2025
Of the e-MFP Secretariat
January - December 2025
Let's go!
Table of contents
2025 at a Glance
About e-MFP
Foreword
Knowledge, Learning, Communications & Visibility
Sector Engagement
Action Groups
IF25
EMA 2025
Community Building, Membership Engagement & Join the Community
Governance & Organisation
Looking Ahead & Our Members
Foreword
2025 was a year of evolution and consolidation for e-MFP. As global challenges affecting financial inclusion intensified, from climate risk and digital transformation to persistent inequality, we continued to provide a space for dialogue, learning and collaboration across our diverse network. A defining moment of the year was the transition of European Microfinance Week into Inclusive Finance 25 (IF25). This strategic evolution reflected both the broadening scope of inclusive finance and our commitment to remaining relevant, responsive and outward-looking in a rapidly changing global context. Throughout the year, we strengthened e-MFP’s role as a convenor and knowledge hub, supporting our members through peer-to-peer exchange, Action Group collaboration, events and partnerships. This report highlights the main activities and achievements that shaped our work in 2025. I’d like to thank the Luxembourg Government for supporting our work and all the e-MFP members, the e-MFP Board, our sponsors, funders and the dedicated e-MFP Secretariat, without all of whom none of this would be possible. With the continued support of our members and partners, we look forward to building on 2025’s successes in the year ahead.
“In a year of profound global change, our strength has continued to lie in collaboration - bringing diverse voices together to advance inclusive finance.” Christoph Pausch
Christoph Pausch, e-MFP Executive Secretary
About e-MFP, Our vision & Mission
With around 120 members, e-MFP is the leading network of organisations and individuals active in the financial inclusion sector in developing countries. We foster activities that increase global access to affordable, quality, sustainable and inclusive financial services for un(der)banked populations, by driving knowledge sharing, partnership development and innovation. e-MFP is a multi-stakeholder platform, bringing together practitioners, investors, researchers, policymakers and support organisations. Our work is delivered through events, Action Groups, publications and partnerships, with a strong emphasis on peer learning and practical impact.
Our mission is to bring together all stakeholders in the financial inclusion sector. We convene actors, facilitate knowledge creation and sharing, foster collaboration and partnerships, and promote — and ultimately help shape — financial inclusion globally.
Our Mission
Our Vision
Our vision is a world in which all stakeholders work together towards the goal of universal and responsible financial inclusion.
2025 at a Glance
In 2025, e-MFP delivered a wide range of activities across knowledge creation, community engagement and sector dialogue, reinforcing our role as a convenor, knowledge hub and collaborative platform for inclusive finance. Key highlights include:
The launch of Inclusive Finance 25 (IF25), marking the strategic evolution of European Microfinance Week.
760 participants from 69 countries attending IF25, both in person and online.
Delivery of the European Microfinance Award 2025 with a record number of applicants, focused on Building Resilience through Inclusive Insurance, in partnership with the Luxembourg Ministry of Foreign and European Affairs, Defence, Development Cooperation and Foreign Trade (MFA), the Inclusive Finance Network Luxembourg (InFiNe), and the Microinsurance Network.
Continued progress across multiple Action Groups, advancing collaboration and peer learning on key thematic priorities.
Publication and dissemination of new sector knowledge and learning resources, including research, blog series and member-focused insights.
Active participation in financial inclusion events globally, strengthening e-MFP’s visibility and sector engagement.
An expanded digital presence through the website, newsletters and social media channels.
Ongoing growth and engagement of the e-MFP membership community
Knowledge & Learning
Knowledge generation remained central to our work in 2025, with the publication and dissemination of a wide range of reports, learning resources and sector insights aimed at strengthening practice and dialogue in inclusive finance.
A flagship output of the year was the publication "Building Resilience through Inclusive Insurance: Insights from the European Microfinance Award 2025". Drawing on lessons from Award applicants and finalists, the report explored how inclusive insurance can strengthen resilience among low-income and vulnerable populations. It provided practical insights for practitioners, funders and policymakers seeking to develop or scale insurance solutions.
On the same theme, and following a dedicated survey, the publication "e-MFP Members’ Spotlight on Building Resilience through Inclusive Insurance" captured members’ concerns, aspirations, forecasts and activities related to inclusive insurance. The report offered a rich cross-section of perspectives from across the e-MFP network, complementing the Award-focused analysis with member-driven insights.
Beyond major publications, e-MFP continued to share knowledge throughout the year through newsletters, articles and curated resources. Two major blog series were published in 2025:
2. Cooperatives Blog Series
1. Inclusive Insurance Blog Series
Another focusing on cooperatives, reflecting the designation of 2025 as the United Nations International Year of Cooperatives.
One linked to the European Microfinance Award theme of inclusive insurance.
These communications were closely connected to e-MFP's events and Action Group activities, ensuring coherence across knowledge outputs.
e-MFP also supported learning and capacity building through targeted webinars and information sessions. In March 2025, guidance sessions linked to the European Microfinance Award were organised to support prospective applicants. Additional thematic discussions and knowledge-sharing sessions were delivered in connection with Action Group priorities.
April 2025
Disability - Inclusive Financial Services
In April 2025, e-MFP hosted a groundbreaking webinar on disability-inclusive financial services, which attracted over 200 participants. The session introduced key disability inclusion concepts relevant to inclusive finance stakeholders, explored the systemic barriers faced by persons with disabilities, and shared actionable strategies to advance disability inclusion as part of broader financial inclusion objectives.
May 2025
Green Index 3.0 Training
In May 2025, the Green Index 3.0 Training webinar series was successfully delivered in English, Spanish and French by Green Inclusive and Climate-Smart Finance Action Group lead experts Natalia Realpe Carrillo and Davide Forcella. Each of the four modules attracted around 100 participants, reflecting strong demand for practical tools to advance green inclusive finance.
September 2025
WASH Action Group
In September 2025, the WASH Action Group convened leading voices from UNICEF, Aqua for All and INCOFIN in a webinar focused on practical pathways for investors and stakeholders to support lasting, inclusive water, sanitation and hygiene (WASH) solutions.
Together, these activities enabled peer learning and knowledge exchange across the e-MFP network and beyond, particularly among practitioners addressing emerging or complex challenges in inclusive finance.
Communications & Visibility
In 2025, e-MFP’s communications activity included:
Widespread media coverage
20+ articles from the sector and Luxembourg press on IF25
760 IF25 Participants
Regular newsletters
Nearly 10,000 followers
Sustained website traffic
45+ news items and articles
Global conference amplified through digital channels before and after with extensive content
Sustained website traffic driven by publications, event content and knowledge resources
Regular newsletters supporting ongoing member engagement
Nearly 10,000 followers on LinkedIn, with continued growth and engagement on Facebook
45+ news items and articles published on the e-MFP website
Action Groups
Action Groups continued to play a central role in our work in 2025, providing member-led spaces for collaboration, peer learning and innovation around specific thematic priorities. Through regular exchange, joint activities and knowledge production, Action Groups enabled members to translate shared challenges into practical solutions.
WASHAction Group
Green Finance Action Group
Gender Lens Investing Action Group
Across all Action Groups, members contributed expertise and practical experience, generating insights that informed publications, events and wider sector dialogue. These member-driven activities remain a cornerstone of e-MFP’s collaborative approach and are reflected throughout this report.
Inclusive Finance 25
Sector Engagement
International presence
Financial Inclusion for Refugees event
Throughout 2025, e-MFP actively contributed to dialogue, collaboration and sector development, reinforcing our role as a key player in the global inclusive finance ecosystem. Through high-level events, strategic partnerships and targeted engagement, we shared expertise, influenced debate and strengthened connections across regions and stakeholder groups.
Global Disability Summit 2025
Luxembourg Sustainable Finance Initiative Stakeholder Assembly
27th MFC Annual Conference
XI Central American and Caribbean Microfinance Conference
Building Bridges 2025
African Inclusive Finance Week
Inclusive Finance 25
To extend the impact of the event beyond the conference itself, we curated and published a wide range of post-event materials, including session recordings, presentations, thematic summaries and articles. These resources ensure continued access to the knowledge generated at IF25 and support ongoing learning and dialogue within the inclusive finance community.
The transition from European Microfinance Week to Inclusive Finance 25 (IF25) marked a significant milestone for e-MFP in 2025. The new identity reflects the increasingly interconnected nature of financial inclusion and our ambition to engage a broader, more diverse ecosystem of stakeholders. IF25 welcomed nearly 760 participants from 69 countries, combining in-person and online attendance. Over three days, the programme featured plenaries, workshops and interactive sessions addressing critical issues facing the sector, including inclusive insurance, digital finance, climate resilience, women’s financial inclusion, outcomes management, and the role of innovation and technology.
Thank you to our IF25 partners and sponsors
With the support of:
European Microfinance Award 2025
2025 Theme: Inclusive Insurance In 2025, the Award focused on Building Resilience through Inclusive Insurance and was delivered in partnership with the Microinsurance Network. The theme reflected the growing importance of insurance solutions in helping low-income and vulnerable populations manage risk and build resilience in the face of economic, health and climate-related shocks.
Award Background & Partners The European Microfinance Award is a prestigious annual award of €100,000, recognising financial service providers worldwide that demonstrate innovation and excellence in a specific area of financial inclusion. Launched in 2005 by the Luxembourg Ministry of Foreign and European Affairs, Defence, Development Cooperation and Foreign Trade (MFA), the Award is jointly organised by e-MFP, the MFA and the Inclusive Finance Network Luxembourg (InFiNe), in cooperation with the European Investment Bank.
Impact & Learning The Award attracted strong global interest and showcased innovative institutions working to reduce vulnerability through inclusive insurance solutions. Beyond recognising excellence, the European Microfinance Award also served as a learning platform, generating insights that were shared through events, webinars and dedicated publications, contributing to wider sector dialogue.
Process to Winner Announcement In 2025, the Award process included a global call for applications, an independent evaluation process, and the selection of finalists whose work demonstrated innovation, impact and potential for scale. The Award culminated in the announcement of the winner during Inclusive Finance 25 in Luxembourg
Members and Community
Strengthening the e-MFP community remained a core priority in 2025. We were delighted to welcome from the telecommunications, investment, technology, research and financial services sectors, six new institutional members and four new individual members, further expanding our geographic reach and thematic expertise.
New Individual Members
New Institutional Members
Together, e-MFP members contribute expertise across regions, institution types and thematic areas, strengthening our role as a collaborative and representative network. Member engagement was further supported throughout the year through regular communication, opportunities to contribute to Action Groups, and active participation in e-MFP activities. Members played a central role in events such as Inclusive Finance 25, Action Group initiatives, and knowledge products including the e-MFP Members’ Spotlight 2025 on Building Resilience through Inclusive Insurance.
Info
The 2025 e-MFP Board
Bob Annibale
Lucia Spaggiari
Marjolaine Chaintreau
Weselina Angelow
nominated by MFR
AXA/nominated by ILO
nominated by MSC
nominated by WSBI
Alain Lévy
Isabelle Delas
Laura Viganò
Laetitia Duren
nominated by LuxFLAG
nominated by University of Bergamo
nominated by BNP Paribas
Arendt/nominated by ADA
Info
The 2025 e-MFP Team
Gabriela Erice
Christoph Pausch
Sam Mendelson
Daniel Rozas
Executive Secretary
Financial Inclusion Specialist
Network Development Coordinator
Senior Microfinance Expert
Anaïs Flaceau
Niamh Watters
Fernando Naranjo G.
Information Officer
Administrative Assistan
Programme Coordinator
Join the e-MFP Community
e-MFP is a growing, diverse community of organisations and individuals committed to advancing inclusive finance worldwide. Our members engage through Action Groups, events, research and dialogue, contributing expertise while learning from peers across regions and disciplines. We welcome practitioners, investors, researchers, policymakers and support organisations who share our commitment to responsible, inclusive and innovative financial systems. To learn more about e-MFP membership and how to get involved, click here.
Looking Ahead
“Adapting, innovating and working alongside our members”
The achievements of 2025 provide a strong foundation for the year ahead. Building on this momentum, we will continue to strengthen e-MFP’s role as a knowledge hub, convenor and collaborative platform for the inclusive finance community. In 2026, e-MFP will focus on deepening Action Group work, expanding partnerships and supporting innovative, inclusive and resilient financial systems through collective action. We will continue to create spaces for dialogue and learning, respond to emerging challenges in the sector, and amplify member expertise through research, events and knowledge-sharing initiatives. As the inclusive finance landscape continues to evolve, we remain committed to adapting, innovating and working alongside our members and partners to advance meaningful and lasting impact.
Our Members
Our Members
Our Members
Our Members
Thank you!
Beyond our flagship event, e-MFP strengthened its international presence through partnerships, collaborative initiatives and participation in key sector forums. These engagements reinforced our role as a connector, trusted centre of expertise and thought-leader, facilitating dialogue between practitioners, investors, policymakers and development actors.
In May, e-MFP’s Executive Secretary Christoph Pausch participated in the Luxembourg Sustainable Finance Initiative (LSFI) Stakeholder Assembly, an annual gathering bringing together CEO-level stakeholders from across Luxembourg’s sustainable finance ecosystem. The event, which included participation from Luxembourg’s Minister of Finance, Gilles Roth, and Minister for the Environment, Climate and Biodiversity, Serge Wilmes, provided a platform for strategic dialogue on advancing sustainable finance
e-MFP’s work is supported by a small, dedicated team working closely with members and partners across regions and thematic areas.During the year, we also progressed internal operational improvements to support growing activities and engagement, ensuring the effective delivery of e-MFP’s work programme.
e-MFP continued to operate under a strong governance framework in 2025, with oversight provided by its Board and active member participation through the General Meeting of Members, held online mid-year. The meeting provided a forum for governance updates, strategic reflection and exchange among members.
Gender Lens Investing Action Group
Over the past year, the GLI Action Group has shifted focus, based on extensive consultation, towards development of what its members perceive as its greatest value: development of a curated, highly filterable online GLI Resource Portal. The aim of the portal is to reduce fragmentation in the gender finance landscape by providing practical, high-quality, annotated and user-specific resources for different stakeholder groups, including financial service providers, investors, and technical assistance providers. During 2025, the AG defined the portal’s scope and architecture, mapped and tagged existing global and regional resources, identified priority content gaps, and began building the portal itself.
Also in May, at the Microfinance Centre (MFC) Annual Conference in Tbilisi, Georgia, Daniel Rozas contributed his sector expertise as a panellist in the session “Cambodia’s Microfinance Journey – Lessons from Boom and Bust”. Drawing on his analytical work on market dynamics and sector development, the discussion explored lessons from Cambodia’s microfinance experience and their relevance for other markets.
Green Finance Action Group
In 2025, the Green Finance Action Group continued to explore approaches linking environmental sustainability with inclusive finance. The group contributed to capacity building through activities such as the Green Index 3.0 Training webinar series, delivered in multiple languages. By fostering dialogue between practitioners and experts, the Action Group supported members in advancing environmentally responsible financial solutions that also promote inclusion.
In October, African Inclusive Finance Week in Nairobi provided an opportunity for Christoph Pausch to reconnect with existing partners and initiate new collaborations with African inclusive finance stakeholders. Together with InFiNe and other members of the Luxembourg inclusive finance ecosystem, e-MFP hosted a joint booth at the event to showcase our collective work, activities and partnerships.
WASH Action Group
In 2025, the WASH Action Group (WASH AG) consolidated its partnership with Aqua for All and advanced to Phase III of its project to develop, test and refine an impact indicator framework for the WASH sector, building on the earlier assessment of the WASH Indicator Framework’s feasibility and adoption and again working with Microsave Consulting (MSC). This phase focused on refining the framework, designing and implementing a field pilot with selected financial service providers (FSPs), and developing practical data collection and reporting protocols. Early findings and lessons from the pilot were presented at IF25, helping position WASH impact measurement as a concrete, operational agenda within the inclusive finance community. The final, refined Indicator Framework - incorporating clarified definitions, streamlined metrics, and practical guidance for implementation via a dedicated operational manual - was published in February 2026. The AG has begun preparing the next phase of work: moving from framework validation to structured pilot implementation of ongoing data collection and reporting with impact investors and their investees. This will involve working towards a harmonised set of indicators, aligned reporting templates, and integration with existing data platforms such as ATLAS, responding directly to the challenges around standardisation and capacity identified in earlier research. The objective is to shift WASH impact measurement from a conceptual framework to a functioning, investor-ready reporting architecture that can be adopted at scale.
At the Global Disability Summit (GDS) 2025 in Berlin in April, the Barrier-Free Finance Initiative (BFFI), e-MFP, the Alliance for Financial Inclusion (AFI), Humanity & Inclusion (HI), Grameen Foundation and the World Food Programme (WFP) announced a joint commitment to advance the financial inclusion of persons with disabilities through the global GDS mechanism. This collective declaration represented a strong and visible commitment to building a more inclusive financial ecosystem.
The centrepiece of this engagement was Inclusive Finance 25, held in November in Luxembourg. The conference brought together a global audience to examine key trends and challenges in inclusive finance. Discussions covered topics including inclusive insurance, digital finance, climate resilience, women’s financial inclusion, outcomes management, and the role of innovation and technology in advancing impact.
In September, e-MFP’s Gabriela Erice participated in the Building Bridges 2025 conference in Geneva. The event aims to accelerate the transition towards a sustainable global economic model by bringing together the finance industry, governments, international organisations and civil society to mobilise private capital for positive social and environmental impact.
In early March, e-MFP and Finance in Finance (FiF) UK co-hosted an event in London to present insights from the 2024 European Microfinance Award on Advancing Financial Inclusion for Refugees and Forcibly Displaced Persons. The event featured mini case studies, summary insights from the Award evaluation process, and the presentation of the 2024 Award publication, fostering discussion on inclusive finance solutions for displaced populations.
As a Strategic Partner of the XI Central American and Caribbean Microfinance Conference, organised by REDCAMIF in San José, Costa Rica in June, e-MFP’s Green Finance Action Group hosted a dedicated session entitled “Inclusive Green Finance: Building Alliances between Investors and Financial Service Providers”. The session connected inclusive finance investors and providers to explore ways to expand access to green finance and increase the supply of climate adaptation, mitigation and resilience products and services in the region.