Microfinance Publications

Impact Investing - Building value for tomorrow

Together with achieving financial returns, an impact investor considers the social and environmental impacts of the investment.

"Impact investing goes beyond traditional socially responsible investing to seek out direct investments with high social or environmental impact." Source:The Global Impact Investment Rating System (GIIRS), 2011

PwC Luxembourg is at your side to assist you in entering or strengthening your position on this market.


Microfinance in Luxembourg

Microfinance, which started as a small movement to help the poorest households of developing countries by providing them with access to finance and savings services, has soared tremendously over the past few years.
Grand claims have been made that microfinance can end poverty. What makes microfinance such an appealing idea is that it offers hope to those who are traditionally marginalised and financially excluded.


From Philanthropy to impact investing

Regardless the level of maturity of microfinance institutions, stakeholders demand assurance to better serve their interests.


The Third Sphere - How impact investing could become the next big opportunity for the Luxembourg financial industry
  • The Third Sphere
    How impact investing could become the next big opportunity for the Luxembourg financial industry
    [PDF File, 2.71 Mb]

The traditional frontier between profit-seeking investment and "give-it-away" philanthropy is blurring as a Third Sphere is emerging. Increasingly, individuals and organisations are investing a part of their wealth in companies/projects with a direct, measurable, and sustainable social and/or environmental impact, while still seeking a certain return on such investments.