European Microfinance Program Scholarships for Students from Developing Countries 637 views

Type of Funding

Partially funded




Students from eligible developing countries who wish to undertake the European Microfinance Programme in AY 2019-2020, may apply for the Scholarships of the Commission de la Coopération au développement (CCD).

The European Microfinance Programme (EMP), intended for students who want to specialise in microfinance and acquire expertise by working in a developing country, is taught by professors from 3 European universities – 2 in Belgium (Université Libre de Bruxelles and Université de Mons) and 1 in France (Université Paris Dauphine). Each partner university delivers 2 to 4 modules.

The programme lasts 1 year (60 ECTS) from September 2019 to August 2020,  and is spread over 3 periods. The programme includes a compulsory 2 to 4-month internship in a developing country. Students will graduate with a Masters degree, the European Master in Microfinance. Topics covered by the EMP are:

  • General management and governance of microfinance institutions;
  • Development issues and their link to microfinance;
  • Tools for financial analysis;
  • Contracting and microfinance products;
  • Macroeconomics and regulation of microfinance;
  • Organizations and markets structures; and
  • Rural and urban microfinance issues.


Each year, 12 full scholarships are awarded to EMP candidates from selected developing countries. These scholarships cover the tuition fees, some basic living expenses in Brussels and 1 return plane ticket. The EMP however, does not provide any financial support for expenses related to the internship period.


Applicants must hold a Masters degree issued by a Belgian University or a Masters degree equivalent to 300 ECTS (5 years), in 1 of the following disciplines: development cooperation, economics, agronomy, management or finance. Exceptionally, other qualifications may be accepted. Preference will be given to those with good academic grades, relevant professional experience and field experience in developing countries. As the EMP is taught in English, applicants must provide proof of their spoken and written command of English.


Applications are to be done online or via email by 8 February 2019.

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