APA, ASKI and FDL Announced as Finalists for European Microfinance Award 2019 "Strengthening Resilience to Climate Change"

• On 19 September, the Selection Committee for the European Microfinance Award 2019 “Strengthening Resilience to Climate Change” chose the three finalists who will go on to compete for the EUR 100,000 prize: APA, Alalay Sa Kaunlaran (ASKI), and Financiera Fondo de Desarrollo Local (FDL). Through the initiatives these outstanding organizations have put in place to increase vulnerable populations’ resilience to climate change, they demonstrate the innovation and dynamism of this most critical area of financial inclusion.

• Three finalists represent range of approaches to increase vulnerable populations’ resilience to climate change.
• APA of Kenya was selected for its index-based yield and livestock insurance program.
• ASKI of the Philippines was selected for its disaster preparedness initiative.
• FDL of Nicaragua was selected for its multi-focused ‘Green Microfinance Plus’ program.
• Three finalists go to High Jury for evaluation and selection of winner, to be announced at Ceremony at European Investment Bank, Luxembourg on Thursday 21 November 2019
• EUR 100,000 prize for winner; EUR 10,000 for runners-up.
• Three finalists and seven semi-finalists to be profiled in e-MFP’s publication The European Dialogue, published in April 2020.

The winner will be chosen from the three finalists by a High Jury and announced on 21 November 2019 at a ceremony hosted at the European Investment Bank in Luxembourg, during European Microfinance Week.