Paper
Panorama of the Luxembourg Microfinance Investment Fund Sector
How can Luxembourg be made an attractive domicile for microfinance investment funds?
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14 pages
This presentation, at the Luxembourg Microfinance Week, introduces the concept of microfinance investment fund (MFIF) Sector. It states that MFIF is:
- A specific corporate structure set up to invest in microfinance assets;
- An Investment vehicle for social or commercial investors, who act as shareholders or as lenders.
The presentation highlights that:
- Currently there are 41 MFIFs with:
- Total assets of 981 million;
- Total Microfinance portfolio of 542 million (disbursed).
- About 70% of the assets of these funds are development oriented or mainly funded by development finance institutions;
- Very few funds are truly targeted at private and institutional investors.
It further provides basic details about various MFIFs. These include:
- Dexia Micro-Credit Fund;
- responsAbility Global Microfinance Fund;
- Axa World Funds;
- La Fayette Investissement;
- Dual Return Fund;
- Vision Microfinance Sub-Fund (Project);
- Equity Fund for Southeast Europe (Project);
- Saint-Honor Microfinance (Project).
Finally, the presentation discusses:
- Attractiveness of Luxembourg as a domicile for MFIFs;
- Natural attractiveness of Luxembourg in the investment funds business;
- Ways to make Luxembourg act as a catalyst in the emergence of this new asset class.
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