Regional Education Fund for Africa has been granted Microfinance Label
Regional Education Fund for Africa (REFFA) has been granted the LuxFLAG Microfinance Label for the first time. REFFA aims at increasing the access of lower income households in the target countries to secondary and higher education, including technical vocational education and training as well as improving the quality of education by increasing the availability of education finance products.
Initiated by KfW Development Bank and funded by the German Federal Ministry for Economic Cooperation and Development (BMZ), the Regional Education Finance Fund for Africa (REFFA) is the first regional education finance facility for Africa. It aims to provide customized financial services for the education sector in a demand-oriented, financially sustainable, and socially responsible manner. Read more
LuxFLAG labels 31 Microfinance funds as of July 2017.