The European Fund for Southeast Europe has the aim to foster economic development and prosperity in the Southeast Europe region through the sustainable provision of additional development finance, notably to micro and small enterprises ("MSEs") and to private low income households, via qualified ...
Read moreThe European Fund for Southeast Europe has the aim to foster economic development and prosperity in the Southeast Europe region through the sustainable provision of additional development finance, notably to micro and small enterprises ("MSEs") and to private low income households, via qualified financial institutions.
Furthermore, the Fund aims to provide financial support additional to the resources provided by the local financial sector and/or by development finance institutions ("DFIs") active in the Southeast Europe region. In pursuing its development goal the Fund will observe principles of sustainability and additionality, combining development and market orientations.
The European Fund for Southeast Europe (EFSE) is a closed-ended investment company organised under the laws of the Grand Duchy of Luxembourg in the form of a public limited company qualifying as a société d'investissement à capital variable ("SICAV"). The Fund was set up for an unlimited duration on 15 December 2005. Promoter of the Fund is Kreditanstalt für Wiederaufbau (KfW). Fund Manager is Oppenheim Pramerica Asset Management S.à.r.l. advised by the Finance-in-Motion. Eligible investees include: Commercial Banks, Microfinance Banks, Microcredit Organizations (NGOs), Non-Bank Financial Institutions.
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