Funds

Finance in Motion develops and advises impact investment funds that aim to generate positive social, economic, and environmental impact.

MSME Finance

The health of micro, small and medium-sized enterprises (MSMEs) is vital to job creation and socioeconomic development. Yet these businesses often have difficulty accessing the financing they need to prosper. Two of our funds focus specifically on this sector.


The European Fund for Southeast Europe

Purpose: Micro and small enterprise and housing finance via financial intermediaries

Impact: Over 960,000 loans provided for entrepreneurs and housing since inception 

Website: www.efse.lu

The European Fund for Southeast Europe (EFSE) fosters economic development and prosperity in Southeast Europe and the European Eastern Neighborhood region. The fund mainly works through local financial intermediaries to provide sustainable financing to micro and small enterprises and private households.

Initiated in 2005 by KfW Development Bank, EFSE was developed in cooperation with the founders of Finance in Motion and with the support of donors and international financial institutions. It has since grown into one of the largest development finance vehicles worldwide, with assets under management of nearly EUR 1 billion. Finance in Motion serves as the fund’s advisor.


The SANAD Fund for MSME

Purpose: Micro, small, and medium enterprise and housing finance via financial intermediaries, including equity investments into financial institutions

Impact: Over 186,000 loans provided for entrepreneurs and housing since inception 

Website: www.sanad.lu

The SANAD Fund for MSME finances micro, small, and medium enterprises and low-income households in the Middle East and North Africa via qualified local lenders. SANAD thus promotes economic development and job creation – including youth employment – as well as agriculture, affordable housing, and innovations in finance and financial technologies. 

Initiated in 2011 by KfW Development Bank, SANAD was developed in cooperation with Finance in Motion, which has served as fund advisor since the fund’s establishment. Further financial support was provided by the German Federal Ministry for Economic Cooperation and Development (BMZ) and the European Commission. 

SANAD contributes to the following UN Sustainable Development Goals:


Green Finance

Combating climate change starts with enabling the tools and practices necessary to do so. Three of our funds focus on climate change mitigation and adaptation, sustainable use of natural resources, and biodiversity conservation.


The Green for Growth Fund

Purpose: Energy finance via financial intermediaries and via direct investments in renewable energy project companies

Impact: 692,183 metric tons of CO2 saved annually

Website: www.ggf.lu

The Green for Growth Fund invests in measures to cut energy use and CO2 emissions and improve resource efficiency across Southeast Europe, the Eastern Neighborhood Region, the Middle East, and North Africa. The fund provides financing to local partners that on-lend to enterprises and private households. It also invests directly in renewable energy projects. 

The GGF was initiated in 2009 by the European Investment Bank and KfW Development Bank, with support from the European Commission and the European Bank for Reconstruction and Development (EBRD). Finance in Motion has served as fund advisor since inception of the fund. 

The GGF contributes to the following UN Sustainable Development Goals:


The eco.business Fund

Purpose: Conservation and climate finance via financial intermediaries and direct investments

Impact: 140,000 hectares under sustainable management supported since inception

Website: www.ecobusiness.fund

The eco.business Fund promotes business and consumption practices that contribute to biodiversity conservation and the sustainable use of natural resources, as well as to mitigating climate change and adapting to its effects. The fund mainly provides financing to qualified institutions in Latin America for on-lending to eligible borrowers. These include holders of recognized certifications or those making improvements in line with conservation and biodiversity goals. 

The eco.business Fund was initiated in 2014 by KfW Development Bank, Conservation International, and Finance in Motion with financial support from the German Federal Ministry for Economic Cooperation and Development (BMZ). Finance in Motion has served as Fund Advisor since inception of the fund.

The eco.business Fund contributes to the following UN Sustainable Development Goals:


The Arbaro Fund

Purpose: Conservation and climate finance via direct investments in sustainable forestry projects

Impact: 20 million metric tons of CO2 sequestration targeted

Website: www.arbaro-advisors.com

The Arbaro Fund invests in sustainable forestry projects in Latin America, the Caribbean, and Sub-Saharan Africa. By establishing a renewable resource through sustainably managed and FSC-certified forest plantations, Arbaro provides significant climate change mitigation benefits in its target countries. Arbaro is also contributing to job creation and skills development in rural areas as well as to overall economic growth in its target countries, all while earning positive returns for its investors.

The Arbaro Fund’s investment advisor is Arbaro Advisors GmbH, an investment advisory company jointly established by Finance in Motion and Unique forestry and land use GmbH. The European Investment Bank serves as the fund’s anchor investor alongside numerous private-sector investors.

Arbaro contributes to the following UN Sustainable Development Goals:


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