European Progress Microfinance Facility

• Four types of funded instruments (loans and equity investments): Senior Loans, Subordinated Loans, Risk-sharing Loans and Equity Participations

• micro-credit guarantees (direct or counter-guarantees) 

Read more about Progress Microfinance :   

• Information on Progress Microfinance available in all EU languages - by the European Commission - DG Employment, Social Affairs and Inclusion
• Progress Microfinance - Creating opportunities - A publication by the European Commission

Regulation (EU) 2019/2088 (SFDR):
EIF, in its capacity of Management Company of the Fund, defines certain excluded sectors in which the Fund is prohibited to invest directly or indirectly The selection of such sectors is based on EIF ESG guidelines: EIF Environmental, Social and Corporate Governance (ESG) Principles as well as on investment considerations meant to avoid inter alia any actual or potential material social, governance and/or environmental negative impact on the Fund performance. Such excluded sectors are taken into consideration in the investment process and decision-making process of the Fund.

The Management Company, on behalf of the Fund, does not consider adverse impact of investment decisions as regards the Fund on sustainability factors at the present time considering that (i) in the absence of regulatory guidance, it is not clear what regulators will expect of entities that elect to consider such matters at this time, and (ii) it is also not clear that there is sufficient data, and data of a sufficient quality, to support entities that do so in the relevant asset classes, industries or sectors in which investments have been/may be made. Sustainability factors are environmental, social and employee matters, respect for human rights, anti-corruption and anti-bribery matters.