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January 23, 2011

Call for Applications
Post-doctoral position at Paris I Sorbonne / IRD

More information about this call


December 8, 2011

Joint Doctoral Fellowship in Microfinance
Université Libre de Bruxelles (ULB), Belgium
& University of Agder, Norway

More information about this fellowship


November 29, 2011

Anais Perilleux

Former PhD student (now Associate Researcher) Anaïs PÉRILLEUX has received a scholarship from the Belgian American Education Foundation (BAEF) a couple of months ago and is now carrying out a one-year post-doc research at Yale University, under the supervision of Prof. Timothy Guinnane.


November 15, 2011

Koen Rossel-Cambier

CERMi is proud to announce that Koen Rossel-Cambier, one of its researchers, successfully defended his PhD thesis on "Combined microfinance" at the Université de Mons on 9 November 2011.

Congratulations to him!


October 10, 2011

Discover our 6th CERMi Newsletter (October 2011) in PDF!

What you'll find in this edition :

    CERMi Newsletter - October 2011
  • A presentation of The Handbook of Microfinance (2011)
  • Coming events at CERMi
  • Recent events at CERMi
  • What are our doctors doing now?
  • Coming events from our members to be remembered
  • Demands and information from our members
  • Recent publications by CERMi members

CERMi (Centre Européen de Recherche en Microfinance / Center 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, which is part of the Académie Wallonie-Bruxelles, was created 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.

Next activities

7 March 2012
CERMi Research Day

One-day workshop organized for CERMi members only

(More information)

at SBS-EM (ULB)


The list of seminars will be announced in the coming days

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Latest working paper

WP-CEB 12-001
"Microfinance, the long tail and mission drift"

by Serrano-Cinca C. and B. Gutiérrez-Nieto


View all CERMi papers

Université libre de Bruxelles (ULB) Solvay Brussels School of Economics and Management (SBS-EM) Académie Wallonie-Bruxelles Faculté Warocqué d'Economie et de Gestion (FWEG) Université de Mons (UMONS)