Our Investors reach roughly

400 000 micro-entrepreneurs

with their investments through the EMF Microfinance Fund

Empower the most excluded and drive economic growth through access to financial services


Investment Strategy

The EMF Microfinance Fund was founded in 2008. Since its inception, it has been a pure private debt fund, investing in microfinance institutions (MFI) in emerging and frontier markets. All the currencies are systematically hedged. This allows investors to obtain stable, uncorrelated, and attractive financial returns while fostering financial inclusion.


This pure debt fund offers investors a capital preservation and growth strategy with a target return of 3-4% above Libor/ SOFR. In order to manage the investment risk, the Fund diversifies across a large number of countries, a broad range of MFIs, and a strong blend of maturities, to achieve liquidity for investors.


Enabling Qapital has a team across all continents with strong investment expertise and a state-of-the-art underwriting process as well as risk management.

Microfinance Explained

Social impact

The EMF Microfinance Fund fosters financial inclusion and shared prosperity. Microfinance institutions provide loans and increasingly savings, insurance and related products to low-income groups.

The fund’s focus on supporting financially sound, impact-focused local financial intermediaries enables the population of entrepreneurs to create and grow income-generating activities and to break out of poverty. Expanding access to financial services for these customers promotes resilience, business growth, and helps generate and secure sustainable employment. This is key to unlocking the potential to deliver large-scale growth in formal employment within developing countries, leading to poverty reduction at scale over the long term.

The EMF Microfinance Fund supports microfinance institutions in expanding their outreach, improving the quality and appropriateness of their financial services, and encourage the development of new products such as savings, insurance and payment services.

The EMF Microfinance Fund directly supports 7 of the 17 Sustainable Development Goals.


Share Class Overview


*Each investor may redeem not more than 1% of Sub-Fund’s NAV (last available NAV). If more than 1% of Sub-Fund’s NAV are redeemed, a redemption period with 90 days notice is applied.‍

**Share class will be opend for subscriptions at client’s request.

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Enabling Qapital

Enabling Qapital AG

Mühlebachstrasse 164

8008 Zurich


Enabling Qapital AG

Branch Geneva

Place du Grand-Mézel 1,

1204 Geneva


Enabling Qapital Kenya Ltd

Merchant Square Block B

2nd Floor, Riverside Drive



Enabling Microfinance AG

Industriering 20,

9491 Ruggell



Enabling Qapital Luxembourg S.A.

16, rue Robert Stümper,

2557 Luxembourg