The MEF aims to improve access to finance for microenterprises and households by contributing to the debt financing of financial institutions which support microfinance and microenterprises (MFIs), with a view to supporting these institutions to provide microfinance services, including (without limitation) credit, savings, deposits, insurance, remittances, and housing loans.
MEF offers short/medium term debt financing
The Fund focuses on the provision of short/medium-term senior debt instruments with maturities ranging from six months to three years.
Main eligibility criteria
- Target market: World Bank member countries
- Comply with the local banking regulation and/or as the case may be with the rules applicable to NGOs, NBFIs or other institutions not regulated under banking regulations/laws
- Have unqualified audited statements for at least the last three financial years
- Use an adequate information system which produces meaningful and reliable reporting on their activities on a monthly basis
- Comply with the standards of responsible finance
- Comply with The Smart Campaign’s Client Protection Principles
- Comply with applicable national laws and regulations related to environmental and social performance
- Comply with the Fund’s Anti-Money Laundering and Combating the Financing of Terrorism (CFT) requirements
For further information, please contact any one of the four investment advisors.