Harbu, an Ethiopian Microfinance Institution is the winner of the 3rd European Microfinance Award held on the 30th November at the European Investment Bank. The Grand Duchess of Luxembourg, known for her staunch support to microfinance presented the award and the 100,000 euro prize to the laureate.The European Microfinance Award was created in 2005 in order to highlight and stimulate breakthroughs in the field of microfinance by the Luxembourgish Ministry of Foreign Affairs Development Cooperation Directorate.