Microlux is the first microfinance institution for Luxembourg was incorporated on the 31st of March 2016 under the initiative of ADA, BGL BNP Paribas, Adie and EIF.
Given that the financial exclusion is a reality in Luxembourg, microlux was assigned the missions of:
Promoting the right of economic initiative and backing up people who want to create their own business in order to improve their economic well-being and to become financially independent.
Supporting business starters, active entrepreneurs and social entrepreneurs who are not eligible for traditional bank credit.
Financing the creation and the expansion of enterprises by granting microcredits and credits for social entrepreneurs
The activities of microlux have been authorized by the CSSF (Luxembourg Financial regulator) and the Ministry of Economy.
The practices of microlux meet the requirements of the European Code of Good Conduct for Microcredit Provision and have been approved by the European Commission.