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Luxembourg Microfinance and Development Fund

PRI reporting framework 2020

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PIIF Principle 1: Range of services

IFD 07. Tracking microfinance investees portfolio

Possible action:

Develop and extend the range of financial services available to low-income populations. Extensions could include savings, loans, insurance, payment services, remittance facilities and pension plans.

07.1. Indicate if you track the percentage of your microfinance investees` portfolio that is in microenterprise loans.

If you aggregate this information at an organisational level, indicate the percentage of your portfolio in microenterprise loans. [Optional]

07.2. Indicate if you track the percentage of your microfinance investees’ portfolio that is in loans for immediate household needs (i.e. consumer loans).

If you aggregate this information at an organisational level, indicate the percentage of your portfolio in loans for immediate household needs. [Optional]:

07.3. Indicate if you track the percentage of your investees` portfolio in housing loans.

07.4. Additional information. [Optional]

Each investment dossier provides details on loan types in several ways:

Each product offered by the MFI is listed- featuring time, duration, size, pricing, purpose, amortisation and any special features (particularly for agricultural loans). The proportion of a portfolio in each of these products is also reported.

This data is aggregated so that the proportion of a portfolio financing each type of loan can be monitored e.g. consumption, rural, service etc.

This data is monitored on an institutional level, but is not systematically reported in our data, but will be monitored in producing social performance report.

Given our focus on supporting agriculture and women, we closely track data on this area on a quarterly basis for the entire portfolio.

As indicated in the semi-annual report 09/19, 23% of microcredits financed by LMDF were for agricultural activities and 80% of all active micro-entrepreneurs financed by LMDF are women.

IFD 08. Support financial services beyond credit, compulsory savings and/or compulsory insurance

08.1. In your microfinance portfolio, indicate if you support the provision of financial services beyond credit, compulsory savings and/or compulsory insurance.

08.2. Indicate which of the following services you support:

Provide examples of how and what you support.

An integral part of our due diligence notes is to see what other services are offered by the MFI. These will be detailed in the report. The financial profile of savings is also considered. Further information on these is also used in our social performance reporting. 

Data is collected at the time of disbursement on this area and is therefore on an institution level. It will be aggregated on a portfolio level for the social performance report.

Indicate if you gather data regarding the percentage of financial service providers in your portfolio that are offering such a service.

If you aggregate this information at an organisational level, indicate the percentage of microfinance providers in the MIV or organisational direct portfolio offering such products.

Provide examples of how and what you support.

As part of our due diligence, other services offered by the MFI are researched. Further information on these is also used in our social performance reporting. 

Detailed information on other products is collected during on sight visits (looking at terms and conditions and how it works/complements other products. This is on an institutional level, but will be aggregated in social performance report.

Indicate if you gather data regarding the percentage of financial service providers in your portfolio that are offering such a service.

If you aggregate this information at an organisational level, indicate the percentage of microfinance providers in the MIV or organisational direct portfolio offering such products. 

          leasing for energy efficient equipment

Provide examples of how and what you support.

As part of our due diligence, other services offered by the MFI are researched, notably leasing products. Further information on these is also used in our social performance reporting.

Indicate if you gather data regarding the percentage of financial service providers in your portfolio that are offering such a service. 

          Education, training, healthcare

Provide examples of how and what you support.

As part of our due diligence, other services offered by the MFI are researched. Further information on these is also used in our social performance reporting. We also produce regular case studies on these MFIs.

Questions about this are systematically asked during due diligence. The Fund may also ask follow up questions about these programmes - for the purpose of social performance reporting.

Indicate if you gather data regarding the percentage of financial service providers in your portfolio that are offering such a service.

If you aggregate this information at an organisational level, indicate the percentage of microfinance providers in the MIV or organisational direct portfolio offering such products.

08.3. Additional information. [Optional]

We work with the NGO ADA which has the capacity to provide technical assistance services to improve the delivery of services offered by the MFI.

This means that the range of product offerings from an MFI are closely monitored during due diligence and potential improvements considered.

IFD 09. Support the introduction of services tailored to the ‘poor’, ‘very poor’ and ‘low income’ (Private)

IFD 10. Technical assistance to investees (Private)

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