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Initiated in February 2009 by KfW Entwicklungsbank (“KfW”) and International Finance Corporation (“IFC”), a member of the World Bank Group, Microfinance Enhancement Facility S.A., SICAV-SIF (“MEF”) was setup in February 2009 and has been designed to support the microfinance institutions facing difficulties in securing financing by providing them with much needed financing at a time when investment was in high demand but low supply.