EUROPEAN INVESTMENT BANK
The EIB Institute was established in the frame of the EIB group (European Investment Bank and European Investment Fund) with the goal of promoting projects aimed to impact individuals and communities of the EU member states.
The EIB Institute boosts the value of arts and culture in order to encourage community involvement and corporate social responsibility, and recognizes that they represent extraordinary instruments for learning, exploring, experimenting, interpreting the present and building the future.
One of the aim of the EIB Institute is to support the activities of the European Investment Bank Group (EIB and EIF) in the area of microfinance through its Knowledge and Social Programmes. These programmes use instruments such us grants and sponsorships in order to promote conferences and other initiatives and to support higher education and research enabling the development of microfinance in Europe and beyond its borders.
The role of EIB in VMI:
VMI is entirely funded by the EIB Institute. The Institute, in fact, is engaged in supporting the carry-out of VMI’s activities across 28 European Union’s states.
More precisely, EIB aims to cover accommodation expenses, travelling expenses and expenses related to the printing and dispatching of the final report that will be made the Team properly selected from VMI’s Board.
The Team will be scrupulously selected among Invenicement Ca’ Foscari members and will be engaged in a pro-bono not remunerated work, ensuring that the project will be carried out with the highest standards of professional and ethical competence, supporting MFIs (Microfinance Institutions) with whom VMI has already established a collaboration
The current financial collaboration with EIB will lasts for 3 years (January 1st – December 31st) and will allocate an amount of Euro 30.000 that will be used to cover expenses of the project and will be paid after the presentation of invoices. This financing aid aims to cover expenses for 3 students of Ca’ Foscari University for an internship of three months in Italy or abroad, at the premises of a partner microfinance institution (MFI).