Quote LuxFlag:
“Luxembourg Fund Labeling Agency (LuxFLAG) is an independent international labeling agency specially focused on the Responsible Investing sector. The Agency aims to promote the raising of capital for responsible investing sectors by awarding a recognizable label to eligible investment vehicles. The LuxFLAG Label is recognised for high standards and rigorous assessment of applicant investment fund. We are pleased to announce that Blue Orchard Microfinance Fund meets the eligibility criteria of the Label and therefore has been granted the use of LuxFLAG Microfinance Label consecutively for seventh year” said Sachin Vankalas, Operations Manager of LuxFLAG.”
This is not the first time a BlueOrchard-managed fund has been recognized by LuxFLAG. A pioneer amongst commercial microfinance funds, the BlueOrchard Microfinance Fund was one of the first recipients of the LuxFLAG microfinance label and has been awarded the label every single year since 2007.
By granting the LuxFLAG Microfinance Label, LuxFLAG confirms that a microfinance investment vehicle predominantly invests in microfinance and meets internationally recognized standards in the microfinance sector. In addition to quality standards for financial management, LuxFLAG has continuously expanded its list of social performance and governance criteria over the last years, thus certifying that LuxFLAG-labeled microfinance investment vehicles demonstrate a true commitment to the “double bottom line”.
Created in July 2006, the Luxemburg Fund Labelling Agency (LuxFLAG) is an independent, not-for profit association that aims to promote capital raising for Microfinance and Environment related sectors by awarding a label to eligible Microfinance Investment Vehicles (MIVs) and Environment-related Investment Vehicles (EIVs). Thanks to a disciplined labeling process under the leadership of an independent Eligibility Committee and the LuxFLAG Board, LuxFLAG labels are recognized by investors for their independence, transparency and responsibility.
BlueOrchard Finance S.A. was founded in 2001 as the first commercial manager of microfinance debt investments worldwide. To this day, the company has deployed in excess of USD 2bn in loans to microfinance institutions, providing access to microcredit to over 30 million individuals across 50 countries. Investors in BlueOrchard-managed funds include private and institutional investors, supranational institutions as well as renowned foundations. The company employs highly experienced staff with backgrounds in traditional and development finance including 28 investment professionals in Geneva, Zurich, Luxembourg, Lima, Phnom Penh, Tbilisi and Nairobi.