PRESS RELEASE – January 2012
Mr Damian von Stauffenberg, joins LuxFLAG as a Member of the Eligibility Committee of the LuxFLAG Microfinance Label
LuxFLAG is pleased to announce that, Mr Damian von Stauffenberg, Founder & Chairman of Microrate – a leading Microfinance Rating Agency joined as a Member of the Eligibility Committee of the LuxFLAG Microfinance Label in January 2012.
Mr Stauggenberg founded MicroRate, the first rating agency to specialize in Microfinance, in 1997 and served as its CEO until 2009. Prior to starting MicroRate, he worked with the World Bank and its private sector affiliate, the International Finance Corporation for 25 years. Damian is widely referred to as a pioneer of the Microfinance industry and continues to develop new ideas for promoting its growth.
This brings the total number of the Members of the Eligibility Committee of the LuxFLAG Microfinance Label to 9 comprising of internationally well-known experts in the area of Microfinance and Responsible Investing.
The LUXEMBOURG FUND LABELLING AGENCY (LuxFLAG) is an independent, non-profit-making association created in Luxembourg in July 2006. LuxFLAG supports the financing of sustainable development by providing clarity for investors through awarding its Labels to eligible Microfinance Investment Vehicles (MIVs) and Environment-related Investment Vehicles (EIVs). Its objective is to reassure investors that the labelled investment fund invests most of its assets, directly or indirectly, in the microfinance or environment sectors. The MIV/EIV may be domiciled in any jurisdiction that is subject to a level of national supervision equivalent to that available in European Union countries.