7th European Microfinance Day 2021-Keeping the doors open for all entrepreneurs

The European Microfinance Day was launched in 2015 as a tool to highlight the impact of the microfinance sector in Europe from a social and an economic perspective.

The main objectives of the European Microfinance Day are:

1. To raise awareness among European citizens on the existence of microfinance and on its value to fight unemployment and social exclusion.
2. To draw the attention of European media on how microfinance works in Europe and how it supports and helps the unemployed and European citizens excluded from the traditional financial sector.
3. To exchange experiences within the European microfinance sector by giving visibility to the work of EMN & MFC members.
4. To allow local members to draw the spotlight on their achievements and their missions at local level

This year campaign is anchored around a symbolic date, the 15th of October. This date was chosen based on a striking statistic: 21.7% of the EU population is at risk of poverty or social exclusion. In other words, the “system” isn’t working 21.7% of the time. Relative to a calendar year, this means that it breaks down on 15 October, when the doors close for those willing to build a better life for themselves. Microfinance is pushing hard to move this limit further and further year after year, to see the day no one is left behind.

Keepping the doors open for all entrepreneurs

microlux contributes to the EMD campaign with two local actions :

12th October-07th November : Expo on microlux's social impact at Cactus

It is a travalling exhibition presenting the main results of microlux’s 1^st social impact study and showcasing examples of successful entrepreneurs supported by microlux. It will take place, during four weeks, starting from 12^th October, in the four main locations of retail company Cactus.

• Bertrange Belle-Etoile (Centre of Luxembourg): from Tuesday 12 to Sunday 16.10.2021
• Bettembourg Scheleck (South of Luxembourg): from Tuesday 19.10 to Sunday 24.10.2021
• Ingeldorf (North of Luxembourg): from Tuesday 26.10 to Sunday 31.10.2021
• Rédange (West of Luxembourg): from Tuesday 02.11 to Sunday 07.11.2021

It is a great opportunity to raise awareness about microcredit as a tool for social and financial inclusion, especially in Europe, and Luxembourg where microfinance is still viewed as a concept for developing countries.

26th October-02th November: “Create your own business with microlux!”

It is a national campaign through JDecaux’s network and sponsored by insurance company Sogelife.

It will take place from 26^th October to 2^nd November on posters at all the train stations’ undergrounds of Luxembourg and on digital screens at two shopping malls (Esch-Belva and Cora Foetz).

This campaign will showcase 3 successful entrepreneurs supported by microlux to encourage others to follow their path and to create their own business with the help of microlux.