Responsability Global Microfinance Fund

The responsAbility Global Microfinance Fund (rGMF) is the first mutual fund for direct and indirect re-financing of microfinance (MFI) and fair trade institutions and is sponsored among others by the Swiss bank Credit Suisse. SECO invested USD 2.8 million into the fund.

rGMF is an innovative investment concept for investors interested in a combination of moderate financial returns, demonstrated social benefits and fulfillment of development policy goals. The fund’s main investment focus is microfinance. To a very limited extent it may invest in areas closely related to microfinance such as small and medium enterprises (SMEs) and trade finance for small producers in developing countries. Fixed income is the fund’s major asset class. The portfolio consists of direct loans to MFIs and indirect lending through partners and mandates or through specialized investment vehicles. The fund may also have a very limited exposure in equity investments in MFIs. The portfolio is highly diversified across regions and countries.

rGMF is managed by responsAbility, a social investment company based in Zurich, Switzerland.