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23/02/2009
Promoter – Financial IntermediaryMicrofinance Enhancement Facility SA SICAV
Microfinance Enhancement Facility (MEF), a specialised investment fund in Luxembourg, promoted by IFC and KfW in order to enhance liquidity support to microfinance institutions for a limited period of time.
This operation aims to meet the objectives of the Cotonou Agreement for the eradication of poverty by supporting the improvement in the quality, availability and accessibility of financial services and the development of modern financial institutions and sustainable microfinance operations.
The key strategic objectives of the operation are:
As such it is one of a series of EIB operations that are running concurrently in the microfinance sector. These include equity, direct lending and technical assistance to microfinance investment vehicles, banks, microfinance and microinsurance institutions.
Up to USD 50 million.
Total costUSD 500 million.
Environmental aspectsEnvironmental analysis accourding to guidelines acceptable to the Bank will be part of the Fund’s due diligence process in the appraisal of investee companies.
Not applicable.
Signed - 11/09/2009.
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