We strongly believe we can learn from each other and share experiences models to help improve opportunities for entrepreneurs not just in The Netherlands but also at an international level. To this end we regularly host peer-to-peer visits with other MFIs. We are also grateful for the support we have received from organizations such as the ones mentioned below.
European Investment Fund (EIF)
The European Commission has created a number of instruments to support the European microfinance sector in its development towards a sustainable and reliable sector. Qredits has been able to successfully apply for a number of these instruments made available through EIF. Currently these are:
- the EaSI guarantee programme for loans < € 25K
- the COSME guarantee for loans > € 25,000 up to < € 50,000.
Qredits is an active member of the European Microfinance Network (EMN). In June 2013 Qredits, in the person of CEO Elwin Groenevelt, was elected to serve a four-year term as Treasurer on the EMN Board and next a three year term as EMN President.
EMN is a member-based not-for-profit organization based in Brussels, which promotes microfinance as a tool to fight social and financial exclusion in Europe through self-employment and the creation of microenterprises. It is the Network’s mission to facilitate capacity building and to advocate on behalf of the sector at European and Member State levels.
EMN’s core membership is made up of microfinance Practitioners throughout Europe as well as service providers to the sector or banks that are involved in European microfinance issues and support the development of microfinance in Europe.
In September 2013 Qredits joined Youth Business International (YBI) at its global summit held in London.
YBI is a global network of independent non-profit initiatives operating in over 50 countries that help young people (18-35 years) start and grow their own business and create employment. YBI members assist under-served young entrepreneurs with a combination of training, access to capital, mentoring and other business development services.
From 2015-2020 Qredits has been able to receive a subsidy from Citi Foundation with help from YBI to support youth employability and entrepreneurship. Together with 9 other international MFIs they formed Youth Business Europe, a community exchanging best practice, knowledge and methodologies by cross border interaction.
Since 2015 over 13,000 young people have been supported through the program, of which:
Qredits has used the Citi Foundation subsidy to help boost its successful educational program (EigenBaas) used in schools throughout the Netherlands.
Qredits joined the CMFA (Caribbean Microfinance Alliance) in 2018. CMFA is a network of Micro-finance Practitioners in the Caribbean, domiciled in Kingston, Jamaica, aimed at being a catalyst in the development of the Caribbean micro-finance industry regionally and globally.