In this way, Innpact S.àr.l. offers specialised consulting services in the establishment of MIVs:
A comprehensive list of Microfinance Investment Vehicules established in Luxembourg is available on www.syminvest.com on.
Luxembourg also promotes the raising of private capital for microfinance through the creation of the Luxembourg Fund Labelling Agency asbl (LuxFLAG). The purpose of this non-profit making association is to award a specific label to microfinance investment vehicles based on defined and publicly available criteria. The criteria are designed to ensure that the fund is really invested in microfinance.
To find out more about the labelled MIV’s :
As the domicile of choice for MIVs and thanks to the flexibility of its regulator and the involvement of its fund professionals, Luxembourg has a great role to play in the development of the investment in microfinance and more generally in development and social finance.
Luxembourg favors the presence of diverse actors involved in the provision of technical expertise, structuring and establishment, funding and refinancing, advisory practice, training and legal advises for microfinance.
Microfinance institutions, which offer banking services to micro-entrepreneurs in poor and developing countries, are increasingly turning to the capital markets to raise money to increase their reach into the poor urban and rural areas which they serve. Microfinance investment vehicles (MIV) have been created to meet this demand for capital, at the same time producing some return for socially aware investors.
As of December 2008:
