Release date: 19 November 2015
Promoter – Financial Intermediary
APPUI AU DEVELOPPEMENT AUTONOMELocation
Description
Investment in the class B shares issued by the Luxembourg Microfinance and Development Fund - Social Venture Capital sub fund, a specialised microfinance investment vehicle targeting tier-2 microfinance institutions in developing countries, with a view of expanding its portfolio in the ACP region.
Objectives
The project has the objective to contribute to the alleviation of poverty in developing countries through the provision of permanent and adapted financial services to marginalised communities and individuals. In order to achieve this goal, LMDF invests in promising microfinance institutions (MFIs) with strong social mission in Africa, Asia and Latin America. For this purposed LMDF mainly invests in Tier-2 MFIs.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 5 million
Total cost (Approximate amount)
EUR 25 million
Environmental aspects
Not applicable
Procurement
Not applicable
Status
Signed - 26/11/2016
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).