Incorporation of microlux, the first microfinance institution for Luxembourg and the Greater Region
On Thursday 31 March 2016, ADA (Appui au Développement Autonome), ADIE (Association pour le Droit à l’Initiative Économique) and BGL BNP Paribas, in the presence of the EIF (European Investment Fund), officially incorporated microlux, the first microfinance institution for Luxembourg and the Greater Region. With this initiative the four partners, all specialised in microfinance and social entrepreneurship, are seeking to support and enable the formation and development of businesses by individual clients or social enterprises lacking access to regular bank credit.
Microlux, an innovative project serving micro-entrepreneurs and social entrepreneurs
In addition to financing these business activities through microloans, microlux aims to provide tailored support to social enterprises, thus breaking new ground compared with microfinance institutions in other European countries.
A range of financial and support services adapted to the needs of entrepreneurs
Microlux will offer an extensive range of services to best meet the needs of its clients. It will provide coaching, supervision and training through a team of trained volunteers in microfinance and coaching. It will also provide three types of microcredits: a microloan of up to EUR 15,000, a “micro+” loan of up to EUR 20,000 for businesses already in operation, and a social entrepreneurship loan of a maximum EUR 25,000.
An organisation meeting microfinance needs in Luxembourg and ultimately in the Greater Region
Microlux, which will begin operations in June 2016, has recruited two project managers, under the supervision of a Board of Directors comprising representatives from the four partners.
Microlux's business has been authorised by the Luxembourg financial regulator, CSSF, and by the Ministry of the Economy. The institution will be headquartered at the House of Microfinance, at 39 Rue Glesener in Luxembourg City.
Communiqués liés
Kevin d'Antonio joins Strategy&, PwC Luxembourg’s strategy...
Kevin d'Antonio has joined PwC’s strategy consulting business, Strategy& as ne...
LUNEX lance un certificat en Gestion de la Santé en Entrepr...
LUNEX est fier d'annoncer le lancement de son Certificat en Gestion de la Santé...
Sylvain Merle rejoint BCE en tant que CTO
BCE annonce la nomination de Sylvain Merle au poste de Chief Technology Officer ...
Deloitte Luxembourg nomme 11 nouveaux Partners et Managing D...
Déterminé à élever davantage ses ambitions, Deloitte Luxembourg a promu 11 p...
Foyer choisit la plateforme actuarielle Akur8 pour perfectio...
Foyer, le premier assureur luxembourgeois, a choisi de s’allier à Akur8, pour...
PwC’s 2024 Barometer unveils key trends and insights into ...
PwC Luxembourg has just released its 2024 Barometer for the previous year’s â€...
Il n'y a aucun résultat pour votre recherche