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Luxembourg Microfinance and Development Fund

PRI reporting framework 2020

You are in Direct - Inclusive Finance » PIIF Principle 3: Fair treatment

PIIF Principle 3: Fair treatment

IFD 14. Investment in local currency

Possible action:

Provide financing in an appropriate currency and tenor.

14.1. In relation to your direct portfolio in debt, indicate if you provide investment in local currency.

14.3. Additional information. [Optional]

As indicated in the semi-annual report 09/2019, 81% of the portfolio is in local currency. Where possible such a strategy is being favoured by LMDF as it facilicates currency management at the investee level.


IFD 15. Average maturity of debt investments

Possible action:

Provide financing in an appropriate currency and tenor. 

Actively support the building of a diversified funding base.

15.1. In relation to your direct portfolio in debt, indicate what percentage have a maturity (from the point of investment) of the specified duration:

15.2. Indicate if you have a set limit regarding the maximum fixed income investment exposure of the investees in which you invest. [Optional]

15.3. Additional information. [Optional]


IFD 16. Average holding period of equity investments (Not Applicable)


IFD 17. Terms and conditions

Possible action:

Negotiate terms and conditions that are transparent, fair and reasonable, including fair break-up clauses.

17.1. Indicate if you adopt the following practices:

Indicate if these practices are formalised in written policies and procedures.

Describe your process.

          Initial discussion with MFIs through a detailed term sheet and timely submission of the full contract for review of MFIs.
        

Indicate if these practices are formalised in written policies and procedures.

Describe your process.

          Key is a dialogue between MFI and the opportunity to justify any breach and propose an action plan to address the situation.
        

Indicate if these practices are formalised in written policies and procedures.

Indicate if these practices are formalised in written policies and procedures.

Indicate if these practices are formalised in written policies and procedures.

Indicate if these practices are formalised in written policies and procedures.

17.2. Additional information. [Optional]


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