The Luxembourg Microfinance and Development Fund (LMDF) is a social investment fund launched in 2009. Active throughout South-East Asia, the Fund is focused on the alleviation of poverty by supporting organisations that empower people and stimulate entrepreneurship.
LMDF aims to support access to responsible finance by building sustainable links between investors (both public and private), microfinance institutions and ultimate beneficiaries. So far, over 7.5 million EUR have been invested in Indonesia, Myanmar, Cambodia, East-Timor and the Philippines thereby enabling over 70.000 micro-entrepreneurs – of which 72% are women ! – to have access to financing. The Luxembourgish NGO ADA is responsible for conducting due diligence and preparing the investment proposals, while impact investors are protected by an initial absorption of losses by the Luxembourg government.
Interested in finding out more? Have a closer look at LMDF’s work in the region or visit their website https://www.lmdf.lu/en/