Signature(s)
Amount
€ 5,000,000
Sector(s)
Services
: € 5,000,000
Signature date(s)
17/11/2016 : € 5,000,000
Link to source
Data sheet
Other links
Summary sheet
Release date
19 November 2015
Status
Reference
Signed | 26/11/2016
20150277
Project name
Promoter - financial intermediary
LUXEMBOURG MICROFINANCE AND DEVELOPMENT FUND
APPUI AU DEVELOPPEMENT AUTONOME
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 5 million
EUR 25 million
Location
Sector(s)
Description
Objectives
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.
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.
Environmental aspects
Procurement
Not applicable
Not applicable
Link to source
Summary sheet
Other links
Data sheet