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ERSTE RESPONSIBLE MICROFINANCE is a fund of funds investing in microfinance funds or bonds on microfinance instruments and funds and up to 10% in shares in companies and microfinance institutions. Foreign currencies are mostly hedged. A measurable positive impact on the environment or society is a key consideration in investment decisions.


There are investments that are aimed at making the world a better place. Microloans provide the chance of a better life and facilitate a stable yield for investors. The fund ERSTE RESPONSIBLE MICROFINANCE offers both: making the world a bit better through microloans while ensuring a nice return.

The goal of the fund is to finance entrepreneurs and micro enterprises in emerging markets. So far, microloans have provided some 50,000 people with a livelihood.

The focus on working capital credit creates high social yield.

  • Creation of new sources of income
  • Realisation of business ideas
  • Job creation
  • Long-term gain in prosperity
  • Minimisation of consumer credit

A special focus is on women as entrepreneurs, as experience has shown that this tends to translate into a higher social benefit. The number of people reached and the composition of projects are continuously monitored by our fund management team so as to ensure compliance with this goal.

Mikrofinanz – Ein Field Trip durch Georgien




This document is an advertisement. All data is sourced from Erste Asset Management GmbH, unless indicated otherwise. Our languages of communication are German and English.

The prospectus for UCITS (including any amendments) is published in Amtsblatt zur Wiener Zeitung in accordance with the provisions of the InvFG 2011 in the currently amended version. Information for Investors pursuant to § 21 AIFMG is prepared for the alternative investment funds (AIF) administered by Erste Asset Management GmbH pursuant to the provisions of the AIFMG in connection with the InvFG 2011.

The fund prospectus, Information for Investors pursuant to § 21 AIFMG, and the key investor document/KID can be viewed in their latest versions at the  web site within the section mandatory publications  or obtained in their latest versions free of charge from the domicile of the management company and the domicile of the custodian bank. The exact date of the most recent publication of the fund prospectus, the languages in which the key investor document is available, and any additional locations where the documents can be obtained can be viewed on the web site A summary of investor rights is available in German and English on the website as well as at the domicile of the management company.

The management company can decide to revoke the arrangements it has made for the distribution of unit certificates abroad, taking into account the regulatory requirements.

This document serves as additional information for our investors and is based on the knowledge of the staff responsible for preparing it at the time of preparation. Our analyses and conclusions are general in nature and do not take into account the individual needs of our investors in terms of earnings, taxation, and risk appetite. Past performance is not a reliable indicator of the future performance of a fund.

The public sale of shares in the specified fund in Germany was registered with the Federal Financial Supervisory Authority, Bonn, pursuant to the German Kapitalanlagegesetzbuch (KAGB). The payment and information office in Germany is HSBC Trinkaus & Burkhardt AG, Königsallee 21–23, D-40212 Düsseldorf. Orders for the return of shares in the fund(s) can be submitted to the German payment and information office, and share redemption proceeds, any dividends or other payments can be paid out to Shareholders (in cash in the local currency) by the German payment office upon request. In addition, all information required by investors before and after the conclusion of an investment agreement – i.e. the fund terms and conditions, the fund prospectus, the Information for Investors pursuant to § 21 AIFMG, and the key investor document and the annual and semi-annual reports – is available free of charge at the German payment and information office. In Germany, the issue and return prices of shares are published in electronic form on the web site (and also at Any other information for Shareholders is published in the Bundesanzeiger, Cologne.