The primary objective of the LuxFLAG Microfinance Label is to reassure investors that the Microfinance Investment Vehicle (MIV) is really investing, directly or indirectly, in the microfinance sector.
Launched in July 2006, the LuxFLAG Microfinance Label makes it possible to release capital from institutional and private investors in order to support the financial inclusion sector.
|Portfolio||Minimum 50% in Microfinance|
|External validation||Minimum 50% portfolio in either rated or regulated MFIs|
|Impact measurement||Must measure and report social performance|
|Legal requirements||Fund/Asset Manager must be regulated/ supervised|
|Transparency / disclosures||Mandatory|
|Application submission deadline||31 Dec.||31 Mar.||30 Jun.||30 Sept.|
|Sample selection / evidence collection||25 Jan.*||25 Apr.*||25 Jul. *||25 Oct. *|
|LuxFLAG Team review and
|Jan. – early Mar.||Apr. – early Jun.||Jul. -early Sept.||Oct. – early Dec.|
|LuxFLAG Eligibility Committee review||Early / Mid Mar.||Early / Mid Jun.||Early / Mid Sept.||Early / Mid Dec.|
|LuxFLAG Board review||End Mar.||End Jun.||End Sept.||End Dec.|
|Communication of decision||29th Mar.||29th Jun.||29th Sept.||21st Dec.|
*The sample selection can only be conducted by 25th Jan./Apr./July/Oct. if the application package has been provided in due time. Otherwise the sample selection will be treated on a best effort basis.