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LuxFLAG Microfinance Label granted to the European Fund for Southeast Europe (EFSE)

The European Fund for Southeast Europe (EFSE) is one of the first three Microfinance Funds which have been granted the LuxFLAG Microfinance Label by the Luxembourg Fund Labeling Agency asbl (LuxFLAG), one of the first rating agencies for investment funds, on 1 February 2007.

In July 2006, an association of prestigious Luxembourg organisations founded LuxFLAG. Grand Duchess Maria Teresa has been honorary chairwoman of the association. The Label is to ensure ethically-oriented investors that capital will be used in an ethically-correct manner and will be directly invested in the microfinance sector. An additional objective of the Label is to increase interest of private investors in the relatively young microfinance sector, which in the past has been financed mainly by development institutions.

EFSE is an investment fund which was set up on 15 December 2005 in Luxembourg. Its primary objective is to foster economic development in the Southeast European region through the provision of long-term financing instruments to local financial institutions. These funds are used to refinance loans to micro and small enterprises and to private low-income households.



EFSE has been set up as a public private partnership. Initial funding came from the Federal Ministry for Economic Cooperation and Development (BMZ), the European Union, as well as the governments of Austria and Switzerland. Additional capital has been provided by the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC), the Netherlands Development Finance Company (FMO) and KfW from
Germany. In addition, the Fund aims at acquiring private capital of institutional investors.




Contact person:

Senior Manager Capital Markets and Marketing,
hammer@efse.bankakademie.org
or phone +49 69 154 00 86 11

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About EFSE

<br/>The European Fund for South East Europe (EFSE) was launched in December 2005 and aims at supporting  economic development and fostering prosperity by providing financial means for private entrepreneurs and  households through qualified commercial banks and micro finance institutions.

www.efse.lu<br/>Media contact
Mr. Samir Djiki?
Communications Manager
Tel: +49 (0)69 9778 7650-26
E-mail: press@efse.lu

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Interested in learning more about how the fund works, or seeking partnership opportunities? Contact an EFSE representative today.

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