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The Luxembourg Government, LuxFLAG, and MicroRate announced the launch of LUMINIS Microfinance (“LUMINIS”). 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...
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