BlueOrchard is pleased to annouce that the Luxembourg Fund Labelling Agency (LuxFLAG) has was once again granted the Microfinance Label to two of its portfolio funds. The BlueOrchard Microfinance Fund (BOMF), which was among the first recipients of the label in 2007, and the Microfinance Fund for Asia (MIFA) figure amongs 27 labelled MIVs worldwide. This recognition highlights BlueOrchard’s pioneering role in the sector and outstanding impact investment process.
By granting the LuxFLAG Microfinance Label, LuxFLAG confirms that a microfinance investment vehicle predominantly invests in microfinance and meets international standards in the responsible investment sector, thus certifying a true commitment to the double bottom line. “The LuxFLAG Label is recognised for high standards and rigorous assessment of applicant investment fund’s investment policy and social performance. We are pleased to announce that Blue Orchard Microfinance Fund and
Microfinance Initiative for Asia meet the eligibility criteria of the Label and therefore have been granted the use of LuxFLAG Microfinance Label consecutively for their 8th and 2nd year respectively” stated Sachin S Vankalas, Head of Operations and Sustainability at LuxFLAG.
For further information, please contact:
Ebony Satti, Communications
+41 44 441 55 50
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 2.5bn in loans to microfinance institutions, providing access to microcredit to over 30 million individuals across 60 countries. Investors in BlueOrchard-managed funds include private and institutional investors, supranational institutions as well as renowned foundations.
The Luxembourg Fund Labelling Agency (LuxFLAG) is an independent, non-profit making, association created in Luxembourg in July 2006 by seven founding partners who are the Charter Members. The Agency aims to promote the raising of capital for Responsible Investment sectors by awarding a recognisable label to investment funds. Its objective is to reassure investors that the applicant investment fund invests, directly or indirectly, in the responsible investment sector.