Business principles

Unlike some active participants in the world's financial industry, the European Fund for Southeast Europe has made it its goal right from the start to implement its mission and provide its services in a responsible manner.

As the largest microfinance fund in the world, EFSE bases its corporate values on high standards of business ethics. These are:

• additionality,
• transparency in the disclosure of information,
• compliance of partner institutions with high standards of business ethics,
• close monitoring of partner institutions and end-borrowers,
• presence in the markets and proximity to partner institutions, and
• a responsible HR policy of Fund service providers.

Third parties carry out an independent Annual Development Impact Study on behalf of the Fund to objectively evaluate its development orientation, to retrieve primary data from partner institutions and end-borrowers, and to assess the level of compliance of the partner institutions with EFSE's ethical business principles.