The SME Finance Innovation Award is specifically designed to honor financial institutions for innovative products, services and distribution channels in SME Finance.

Three European Development Finance Institutions – German DEG, Dutch FMO and French Proparco – invite financial institutions to submit applications to the award which aims at recognizing and promoting successful innovation practices in developing countries and emerging markets.

Guidelines:

• Eligibility is limited to financial institutions providing financial services to SME customers in developing countries and emerging markets.
• The award honors innovation that can be considered new or novel in the respective geographical market.
• Eligibility is limited to innovations that have already been successfully implemented in the period between 2009 and 2014.

From 2014 onwards, the prize will be awarded every two years.

The award is now open and applications can be submitted until June 30th 2014.