The KCD-Mikrofinanzfonds are special funds launched in Luxembourg aimed at institutional investors or private clients with substantial assets.
I "Global" und II "Lateinamerika"
There are approximately 10,000 microfinance organisations (MFIs) across the world but they often do not have enough financial resources to satisfy the demand for loans. With these KCD- Mikrofinanzfonds, we provide financially stable and well-run microfinance institutions with refinancing funds.
In this case, FIS (Fonds d' Investissement Spécialisé) refers to special funds with two independent subfunds the KCD-Mikrofinanzfonds "Global" (EUR) and the KCD-Mikrofinanzfonds "Lateinamerika" (USD).
The special feature of both funds is that they are handled fully by BIB. This means that we are the creator, investor, investment consultant and fund manager. By taking on all these roles, we are making sure that we know each and every microfinance institution in the fund very well.
Before we give MFIs loans, we carry out extremely thorough checks on the figures and the people involved. In addition to extensive reporting requirements, we speak face-to-face with the management, employees and also the end clients, the microentrepreneurs. We only give out a loan if everything is just right. This can be directly or indirectly via one of the two funds.
You can find out more information on the different investments by reading the fact sheet.
With the Latin America fund, we offer investors the option to invest in US dollars and make a specific contribution towards the fight against poverty on the Latin American subcontinent.