Microfinance Focus, October 6, 2011: The Luxembourg Fund Labelling Agency, LuxFLAG has granted four new Microfinance Investment Vehicles (MIVs) with LuxFLAG Microfinance Label. These MIVs include the Microfinance Enhancement Facility, Selectum‐ BL Microfinance, Etimos Fund and Dual Return Fund - Vision Microfinance Local Currency.

In 2011 LuxFLAG has granted 7 new Microfinance Labels and renewed 13 Microfinance Labels. The number of MIVs labelled by LuxFLAG has grown substantially from the beginning of 2010 from 8 MIVs to 20 MIVs, and they now represent approximately USD 2.90 billion in Assets Under Management.

The purpose of the LuxFLAG Microfinance Label is to promote the raising of capital in microfinance by reassuring investors that the MIV really invests directly or indirectly in microfinance. LuxFLAG expects further MIVs to apply for the LuxFLAG Microfinance Label by the end of 2011.