MICROCAPITAL BRIEF: Luxembourg Fund Labeling Agency (LuxFLAG) Certifies Fonds Européen de Financement Solidaire (FEFISOL) with “Microfinance Label”

Fonds Européen de Financement Solidaire (FEFISOL), a for-profit investment fund registered in Luxembourg, has obtained the “Microfinance Label” from the Luxembourg Fund Labeling Agency (LuxFLAG), a microfinance investment vehicle (MIV) certification organization. The label certifies that the fund invests most of its assets in the microfinance sector. As MicroCapital reported on April 30, LuxFLAG also recently certified the US-based MIV Access Africa Fund.

The objective of FEFISOL is to provide medium-term financing to rural microfinance institutions (MFIs) in Africa. The investment fund is managed by International Solidarity for Development and Investment (SIDI), a French NGO specializing in microfinance. For the year 2011, FEFISOL reported assets under management of USD 8.09 million. As of 2012, 24 MIVs have been granted the annual LuxFLAG Microfinance Label, representing assets of approximately USD 3.48 billion.

By Brendan Millan, Research Associate

About Luxembourg Fund Labeling Agency: Established in 2006, the Luxembourg Fund Labeling Agency (LuxFLAG) aims to “promote the raising of capital for Microfinance and Environment related sectors by awarding a recognizable label to eligible microfinance investment vehicles (MIVs) and environment-related investment vehicles (EIVs).” Its objective is to reassure investors that the MIV or EIV actually invests, directly or indirectly, in the microfinance or environment sector. LuxFLAG only certifies MIVs and EIVs that are either subject to European Union member state supervision or located in nations with financial supervision on par with countries in the European Union. As of 2012, 24 MIVs have been granted the LuxFLAG annual Microfinance Label, representing assets of approximately USD 3.48 billion.

About Fonds Européen de Financement Solidaire (FEFISOL): Incorporated in 2011, FEFISOL is a specialized investment fund (SIF) registered in Luxembourg. The objective of FEFISOL is to provide medium-term financing to rural microfinance institutions (MFIs) in Africa. The investment fund is managed by International Solidarity for Development and Investment (SIDI), a French NGO specializing in microfinance. For the year 2011, FEFISOL reported assets under management of USD 8.09 million.

Sources and Resources:

[1] LuxFLAG: “Two new Microfinance Investment Vehicles obtain the LuxFLAG Microfinance Label”, http://www.luxflag.lu/documents/press_releases/2012/LuxFLAG_Press_release_April2012_final.pdf

MicroCapital.org story, April 30, 2012, “MICROCAPITAL BRIEF: Luxembourg Fund Labeling Agency (LuxFLAG) Certifies Access Africa Fund with “Microfinance Label”, https://www.microcapital.org/microcapital-brief-luxembourg-fund-labeling-agency-luxflag-certifies-access-africa-fund-with-microfinance-label/

MicroCapital.org story, February 14, 2012, “MICROCAPITAL BRIEF: Luxembourg Fund Labeling Agency (LuxFLAG) Awards First Microfinance Label to Azure Global Microfinance Fund, responsAbility Financial Inclusion Fund”, https://www.microcapital.org/microcapital-brief-luxembourg-fund-labeling-agency-luxflag-awards-first-microfinance-label-to-azure-global-microfinance-fund-responsability-financial-inclusion-fund/

MicroCapital.org story, January 23, 2012, “MICROCAPITAL BRIEF: Microfinance Investment Vehicle Certification Organization Luxembourg Fund Labeling Agency (LuxFLAG) Accepting Applications for Environmental Label”, https://www.microcapital.org/microcapital-brief-microfinance-investment-vehicle-certification-organization-luxembourg-fund-labelling-agency-luxflag-accepting-applications-for-environment-label/

MicroCapital.org story, October 10, 2011, “MICROCAPITAL BRIEF: LuxFLAG Grants Microfinance Label to Microfinance Enhancement Facility, Selectum, Etimos Fund, Dual Return Fund Vision Microfinance Local Currency; Renews Label for Six Other Microfinance Investment Vehicles (MIVs)”, https://www.microcapital.org/microcapital-brief-luxflag-grants-microfinance-label-to-microfinance-enhancement-facility-selectum-etimos-fund-dual-return-fund-vision-microfinance-local-currency-renews-label-for-six-other-micro/

MicroCapital Universe Profile: Luxembourg Fund Labeling Agency (LuxFLAG),
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=LuxFLAG

MicroCapital Universe Profile: Fonds Européen de Financement Solidaire (FEFISOL), https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Fonds+Europ%C3%A9en+de+Financement+Solidaire+%28FEFISOL%29

MicroCapital Universe Profile: International Solidarity for Development and Investment (SIDI), https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=International+Solidarity+for+Development+and+Investment+%28SIDI%29

Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/

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