Together with Sperling & Star and BZZ Advisory led by Luca BRUNI (a BACKBONE Advisor), BLI – Banque de Luxembourg Investments published in 2020 a series of four White Papers, covering Green Bonds, Microfinance, Impact Investing and ESG.
One page 15 of the guide, BACKBONE elaborates the concept of « mesofinance », the segment of the financial services dedicated to SMEs from the « missing-middle ». This is the gap between microfinance and loans from commercial banks, where the SMEs suffer a lack of access to credit as they are too big for being served by microfinance institutions while being often not large enough to comply with banks’ selection criteria. This is the gap that BACKBONE is addressing.
BLI_WhitePaper 2nd DESTINATION to download.