What we do / Labels
Microfinance
Microfinance
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.
Eligibility Criteria
Portfolio | Minimum 70% in Microfinance |
SFDR | Article 9 |
External validation | Minimum 70% 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 Cycle
Application Session | Q1 | Q2 | Q3 | Q4 |
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
Management review |
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.
APPLICATION DOCUMENTS
RESOURCES
If you have any questions regarding the label application, please send a mail here