Microfinance Institute in Sweden AB
The Microfinance Institute in Sweden AB is working in close cooperation with its founder, a nonprofit organization NEEM – Network for Entrepreneurs from Ethnic Minorities. The special cooperation is based on a “Companization model” found by a Partner Company Plantagon International AB which is also one of investors of The Microfinance Institute in Sweden AB.
Coompanization is an organization model strategically developed to share growth and values between a for profit organization; Microfinance Institute in Sweden AB and not for profit organization; NEEM. The non-profit organization owns 10% of The Microfinance Institute in Sweden AB and nominates 50% of its board members. Membership of the non-profit organization is open to every-one who supports its objectives, and the company has no influence over it.
The Microfinance Institute in Sweden AB and the nonprofit organization NEEM are legally bound to support each other and commit to implementing the European Code of Good Conduct, Global Compact and the Earth Charter in their Articles of Association and the and founding documents. It is not only financial but also social compliance.
With its ten years of experience in working with the target group, NEEM continues to work with mobilization, coaching and a three year follow-up of the entrepreneurs after business start-up as well as social performance manage-ment. The Microfinance Institute concentrates in lending processes and financial follow-up.
To borrow from MFI
Since November 1, 2011, MFI was the first and only Microfinance Institute in Sweden, who extended capital loans of its own kind to new entrepreneurs. There are possibilities to borrow between 25.000-250.000 SEK at market rates. To apply for a loan, MFI require that the borrower has completed a coaching program with our partners, Neem, and passed.
Business Development Service, BDS - Coachprogram
(Implemented by our partner Neem - Networking for Entrepreneurs from Ethnic Minorities)
With a team of qualified coaches with a diverse spectrum of language skills and an outreach approach, Neem reaches out to groups, mostly women of foreign origin, who are excluded from jobs. Neem creates a personal relation-ship as well as trust, Neem empowers the internal motivation hence generate the individual’s own internal resources. Our pedagogical education is needs based, and is a participatory appraisal with emphasis on direct application of acquired knowledge and skills. We encourage active and maximum partici-pation. With our unique operating structure and integrated approach, we support the individual with the packaging of embryonic ideas into viable business ideas. Through mobilization of the network, we create a social platform and an entrepreneurial support function. Our support continues after start-up to ensure their survival, stability and expansion.
Neem is financed by:
MFI (Microfinance Institute for increased employment, economic and social integration) was found in 2008 as a three-year project by the NGO Neem. The aim was to extend financial services for start-up or developing companies for groups, particularly immigrant women, who have no access to finances.
The project was run in four counties (Södermanland, Stockholm, Östergötland and western parts of Götaland). It was fund by the Swedish Regional Growth authority, Structural Fund East Central Sweden, the Regional Council Sörmland, and County Board of Stockholm County Administrative Board of Östergötland and Västra Götaland.
Please contact info@mikrofinansiering for any further information!