The Luxembourg Government, LuxFLAG, and MicroRate have announced the launch of LUMINIS Microfinance. LUMINIS will provide critical information on Microfinance Investment Vehicles (MIVs) in order to facilitate future growth and investment in microfinance.
Building on its many years of experience in the industry, MicroRate will manage and direct this new investor information service with the support of the Luxembourg Government and the Luxembourg Fund Labeling Agency “LuxFLAG”.
The goal of LUMINIS is to create widespread transparency in the universe of MIVs. For the first time, MIVs’ critical performance data will be collected, analyzed and disseminated throughout the industry via a web-based platform. The data and accompanying analyses will allow investors to compare MIVs, analyze performance and trends, and ultimately make informed investment decisions.
Sebastian von Stauffenberg, MicroRate’s Managing Director & CEO, said, “Transparency, critical analysis and fund comparison data are all vital components to establishing microfinance as a truly- recognized asset class and to help ensure the successful, long-term growth of this sustainable poverty-fighting sector.”
LUMINIS reinforces Luxembourg’s position as a leading hub for MIVs. This initiative supports its vision of being a center of excellence for microfinance and further diversifies the activities of Luxembourg’s financial center.