“During European Microfinance Week, held 14-16 November 2012 in Luxembourg, the 4th European Microfinance Award was presented to the Philippine organization Alay Sa Kaunlaran Inc. (ASKI) for their efforts to support the local Philippine agricultural sector.
The European Microfinance Award is jointly organised every two years by the Luxembourg Ministry of Foreign Affairs – Directorate for Development Cooperation, the European Microfinance Platform (e-MFP) the Luxembourg Round Table on Microfinance, and the European Investment Bank (EIB). It was created to highlight contributions to the sector and to support innovative thinking in microfinance.
In 2012, the 4th European Microfinance Award identified the issue of “Microfinance for Food Security” and focuses on microfinance initiatives which contribute to improving the supply of safe and better quality food and distribution conditions in developing countries.
Applications came from 15 countries, from Latin America (50% of them), Africa (30%) and Asia (20%). After a rigorous three phase selection process during which they were appraised, the High Jury selected from among the three finalists: ASKI, from The Philippines; Banco FIE, from Bolivia and Kompanion from the Kyrgyz Republic.
ASKI won the coveted award, gaining recognition for their micro-credit initiatives to improve food security, strengthen food distribution networks, increase yields and empower farmer communities.”
To know more, please visit: http://award.lrtm.lu/
Source: http://www.microfinancegateway.org/p/site/m/template.rc/1.9.59653/