The stability of the financial sector remains the key pillar of a functioning market economy a precondition of general stability. The services it provides like payments, deposits and loans are fundamental for the entire economy, especially for micro and small enterprises.
The microfinance sector has been hit hard by the financial crisis, not only due to higher interest rates but even more significantly due to the lack of availability of funds for such purposes. In this respect, EFSE plays a key role in providing a stable funding source for development finance and the micro and small enterprise sector.