CERMi News 

Thursday, April 21, 2016




CERMi and Université de Rennes 1 co-organize a conference entitled : « Recent Advances in Social Finance ».

It will be held in Rennes on Thursday, June 2, 2016.

Download the programme

Tuesday, April 19, 2016

The Activity Report 2015 is available! 


Monday, April 18, 2016

CERMi is pleased to announce the publication of the last edition of the Revue Tiers Monde on  “Financial Inclusion: Helping the Poor or Serving the Financiers?” edited by F. Doligez, J. Bastiaensen, F. Bédécarrats and M. Labie. 


Friday, January 8, 2016

Our former PhD student Eddy Balemba Kanyurhi was appointed Associate Professor by the Board of Directors of UCB, since December 31, 2015.

Congratulations to him!


Monday, January 4, 2016

Simon CORNÉE (University of Rennes 1, France, and CERMi), Panu KALMI (University of Vaasa, Finland), and Ariane SZAFARZ (ULB, SBS-EM, CEB and CERMi, Belgium) are the recipients of the 2016 WARREN SAMUELS PRIZE for their paper "Selectivity and Transparency in Social Banking:  Evidence from Europe" presented at the ALLIED SOCIAL SCIENCE ASSOCIATIONS (ASSA) meetings in San Francisco (January 2016).

The Warren Samuels Prize is awarded by the Association for Social Economics to a paper, presented at the ASSA meetings, that best exemplifies scholarly work that is of high quality, is important to the project of social economics, and has broad appeal across disciplines.

To download the paper: https://ideas.repec.org/p/sol/wpaper/2013-221488.html

For more information on the Warren Samuels Prize: http://socialeconomics.org/?page=awards_and_grants&side=warren_samuels_prize

Friday, December 11, 2015

The Crises of Microcredit - Book coverThe Centre for European Research in Microfinance (CERMi) is proud to announce the release of the book The Crises of Microcredit (London: Zed Books, 2015), edited by Professors Isabelle Guérin, Marc Labie and Jean-Michel Servet, all associated with CERMi, as the outcome of the research project “Microfinance in Crisis”... (read more)

Monday, September 21, 2015

10-year Anniversary of EMP - Graduation Ceremony

The European Microfinance Programme (EMP) celebrated its 10th anniversary this year. A special conference was organised on October 19, 2015 at 7.00pm, together with the annual graduation ceremony. read more

Thursday, September 10, 2015

Discover our 11th CERMi Newsletter (September 2015)!

What you'll find in this edition :

  • 10th anniversary of EMP
  • Coming events at CERMi
  • Recent events at CERMi
  • Awards and prizes
  • Recent publications by CERMi members



CERMi (Centre Européen de Recherche en Microfinance / Centre for European Research in Microfinance), draws together researchers, involved in microfinance activities in developing countries, from the Centre Emile Bernheim (Solvay Brussels School of Economics and Management, Université Libre de Bruxelles) and from the Warocqué Research Centre (Université de Mons). The CERMi also collaborates with the European Microfinance Programme.

Microfinance provides financial services, including credit, savings and insurance, to poor customers with little or no access to the traditional banking sector. It has come to be regarded as a very important component of strategies aimed at reducing poverty. Over the last decade, the microfinance industry has experienced rapid growth creating a constant demand for new knowledge to help guide its development.

CERMi was created as part of the Académie Wallonie-Bruxelles, with the goal to become an active participant in this process. It aims to study the management of a wide range of microfinance financial institutions, represented by NGOs, cooperatives and commercial companies. Thanks to an interdisciplinary approach, CERMi hopes to make substantive contributions to the body of knowledge on microfinance which will help the industry deal more effectively with its future challenges.

From a microeconomic and managerial perspective, CERMi is undertaking research on institutional aspects including governance and risk management of microfinance institutions, as well as the concept of a client-driven approach toward the development of financial services and products. From a macroeconomic and sociological point of view, CERMi focuses on matters of regulation and local government policy, as well as the roles played by central banks and international donors. Links between microfinance and the traditional banking sector are also analysed, and throughout this research, special attention is given to ethical considerations that are specifically relevant and critical to the evolution of the microfinance industry.