LuxFLAG is pleased to announce that three new MIVs have been granted the LuxFLAG Microfinance
Label: the Luxembourg Microfinance and Development Fund; Regional MSME Fund for Sub
Saharan Africa and Rural Impulse Fund II.
The number of MIVs labelled by LuxFLAG has doubled since the beginning of 2010 from 8 MIVs to 16
MIVs, and they now represent around USD 2.65 billion in Assets Under Management. This confirms
the growing interest in the LuxFLAG Microfinance Label and reinforces its importance in terms of
providing greater transparency to investors. LuxFLAG expects further MIVs to apply for the
Microfinance Label by the end of 2011.
List of MIVs labelled in 2010‐11 classified by legal structure:
| UCI Part II | SIF | SICAR |
| Dexia Micro‐Credit Fund |
Rural Impulse Fund SA SICAV‐SIF | Advans SA |
| Dual Return – Vision Microfinance | KCD Mikrofinanzfonds (SIF) ‐ I "Global" | Finethic Microfinance SCA |
| responsAbility Global Microfinance Fund | KCD Mikrofinanzfonds (SIF) ‐ II "Latin America" | |
| responsAbility SICAV (Lux) – Microfinance Leaders | European Fund for Southeast Europe (EFSE), SICAV‐SIF | |
| responsAbility SICAV (Lux) – Mikrofinanz‐Fonds | Regional MSME Investment Fund for Sub‐Saharan Africa SA SICAV‐SIF (New Label) | |
| Wallberg Global Microfinance Fund | Rural Impulse Fund II SA SICAV‐SIF (New Label) | |
| Triodos SICAV II – Triodos Microfinance Fund | ||
|
Blue Orchard Fund ‐ Microfinance Fund for US investors | ||
|
Luxembourg Microfinance and Development Fund SICAV (New Label) |
Details of the sixteen labelled MIVs are available on LuxFLAG’s website: www.luxflag.org. The
website also contains details of the eligibility criteria and a form that can be downloaded by entities
wishing to apply for the Microfinance Label.
Eligible MIVs may be domiciled in any jurisdiction that has supervision of the MIV or its fund manager
equivalent to supervision in EU countries.
The purpose of the Microfinance Label is to promote the raising of capital in microfinance by
reassuring investors that the MIV really invests directly or indirectly in microfinance. It is not a
guarantee of performance nor does it constitute a recommendation to invest.