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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. Please note that investments in securities entail risks in addition to the opportunities presented here. The value of shares and their earnings can rise and fall. Changes in exchange rates can also have a positive or negative effect on the value of an investment. For this reason, you may receive less than your originally invested amount when you redeem your shares. Persons who are interested in purchasing shares in investment funds are advised to read the current fund prospectus(es) and the Information for Investors pursuant to § 21 AIFMG, especially the risk notices they contain, before making an investment decision. If the fund currency is a currency other than the investor's home currency, changes in the corresponding exchange rate may have a positive or negative impact on the value of his investment and the amount of the costs incurred in the fund - converted into his home currency.

Please consult the corresponding information in the fund prospectus and the Information for Investors pursuant to § 21 AIFMG for restrictions on the sale of fund shares to American citizens. Misprints and errors excepted.