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Empowering Entrepreneurs: Microfinance Development in the Netherlands

Learn about microfinance initiatives in the Netherlands, key figures, governmental strategies, and the role of the advisory council. Discover the impact on local communities and the support available for aspiring entrepreneurs. Explore success stories and future plans for a thriving microfinance ecosystem in the country.

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Empowering Entrepreneurs: Microfinance Development in the Netherlands

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  1. Microfinance in The Netherlands Central facilities and Local implementation D. Laman Trip Milan, June 4th 2009

  2. The setting in 2007 General figures • The Netherlands has a population of 16,5 million • The working population is 7,5 million Business figures • 20% of the working population is considering to start a business: 3 million people • 100.000 people actually starts a business (3.3%) 2007 • Targetgroup for microfinance 600.000 persons of which only 100.000 live on social welfare • Limited # of microfinance initiatives and only 200 microloans a year Microfinance figures 1 - 1 -

  3. The approach • Study the market (2005 – 2007) • Establish National Council of Microfinance (2007 – present) • General policy advice (2007) • Political commitment (ongoing) • Allocate funds and establish project bureau (2008) • Stimulate local pilot programmes (2008) • Create central credit institute (2009) 1 - 2 -

  4. The dutch government stimulates microfinance • To stimulate entrepreneurship • To encourage social cohesion • To decrease unemployment An amount of 5 million euros a year is disposed for the implementation of microfinance in the Netherlands 1 - 3 -

  5. Advisory council on microfinance • A high ranking advisory council was founded on february 2nd 2007 to advice the government on implementing microfinance in the Netherlands. • Members of the advisory council: • Mr. D. Laman Trip (chairman), former chairman of the board of ING • Group in the Netherlands • HRH Princess Máxima • Mr. L.M.M. Bolsius, alderman of Rotterdam – Finance, Harbour and • Sports • Mr. N. Molenaar, professor of microfinance at UAC INHolland and • chairman of the European Network of Microfinance • Mr. B. Staal, chairman of the Dutch Association of Banks • Mrs. J. Sylvester, member of senate, mayoress of Anna Palowna 1 - 4 -

  6. Conclusions microfinance in the Netherlands 1. Market is there There is potential for microfinance. Banks should be involved (payments, savings) 2. Lessons learned from europe - Distribution (local presence) - Communication (national and local awareness) - Coaching (voluntary and paid) - Combination with financing (central availability). 3. Solution A microfinance system with local professional advisors and organizations. Central availability of granting loans. 1 - 5 -

  7. Responsibilties of the council • To make recommendations to the government on how to encourage, • implement and govern microfinance in the Netherlands • Awareness • Distribution • Coaching • Financing • To stimulate, start and support growth of microfinance organisations • To act as an ambassador • 4. Support the coordination between different government organisations • The council reports directly to the secretary of the Ministry of Economic Affairs 1 - 6 -

  8. - - V - The dutch approach Coaching networks Local initiatives Qredits Dutch Foundation for micro loans (15 million euros, public and private) Loans • Central back office • Independent foundation • Efficient processes • Local branches • Coaching before starting • Local funding • 22 existing initiatives • 18 “under construction” • Coaching after starting • Local funding • 130 coaching • organizations signed in 1 - 7 -

  9. Project organization • The projectteam Microfinance is part of the Ministry of Economics • Affairs in cooperation with the Ministry of Social Affairs and Employment • Responsible for: • Stimulating local microfinance initiatives • Communication and information to and on behalf of the initiatives • and entrepreneurs 1. website => search engine for entrepreneurs to find local initiative and consultants (postal code based) 2. website => financing for entrepreneurs 3. website => information for microfinance initiatives 1 - 8 -

  10. Results so far: financing Number of loans (since January’09): Qredits/Banks Number of requests 1.220* Number of granted loans 185 Total amount € 3.8 million Average amount € 20.500 * The mayority of the requests is taken in consideration. 35% of the requests are granted 1 - 9 -

  11. Next steps The project organization will continue in: • Stimulating local initiatives • Supporting initiatives • Communicating to entrepreneurs and initiatives by: • E-mail newsletters • Attractive and informational websites • Organizing two national seminars for microfinance initiatives a year 1 - 10 -

  12. In brief….. • The foundation for microfinance in the Netherlands has been laid • A unique system of microfinance in the Netherlands works! • Qredits: central and efficiently organization for granting loans • MF initiatives & coaching: locally organized • Our ambition: to become one of the better practices on microfinance in Europe! 1 - 11 -

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