Mutualité des p.m.e.

58, rue Glesener



MPME is a mutual guarantee scheme, established in 1949 as a cooperative society on the initiative of the Chamber of Skilled Trades and Crafts and the Federation of Craftsmen.

If the original aim of the Cooperative was helping in the reconstruction of the skilled trades and crafts sector after the destructions of World War II, the range of activity encompasses nowadays the financing of Luxembourgish SME’s and independent professionals coming from  all sectors, except agriculture.

The underlying principles on which MPME’s activity is based are solidarity and cooperation between firms encountering the same problems in financing their projects and activities.

All clients of MPME become associates of the cooperative society by subscribing partnership shares showing a nominal value of 24 euros liberated by half. The participation remains on the symbolic level with subscriptions between 25 and 250 shares, depending on the amount of the guarantee given (micro-credit level up to 2.5 million euros).

Year of creation
individual entities or association
Type of scheme
guarantee or counter-guarantee
Product typology
guarantee or counter-guarantee or co-guarantee
i.e. fully mutual, funded by SMEs, banking associations, fully public, fully private, private-public, mixed models
Fully private
Shareholder structure
Private / Public (in %)
Chamber of SkilledTrades and Crafts 20%
Legal form
of single guarantee entity or association: i.e. fund, development bank, development agency, cooperative or mutual societies, bank, foundation, association, limited company, etc.
Cooperative society
Structure / Network
i.e. central scheme with regional offices, central scheme only, association network
Central scheme only
Geographic coverage
i.e. local, regional, national
Sectorial focus
i.e. agriculture, industry, crafts, retail, liberal professions, cooperatives, etc.
Industry, Crafts, Retail, Liberal professions
Size of businesses supported
i.e. large companies, SMEs, micro-enterprises, independent/self-employed
SMEs, Micro-enterprises, Independent/Self-employed
Supervision statute
i.e. mono-product banking licenses, financial intermediary statute, non-supervised. For associations, please state statute of members
Profit / Non-profit oriented
dividends to public shareholders are not considered as profit orientation
Profit oriented
Do you benefit from a counter-guarantee at local, regional or national level?
Local level or Regional level or National level
Are you/your members financial intermediary for EU-programmes?
CIP/COSME or Structural funds or Progress or RSI/RSFF Horizon 2020
Types of guarantee products provided by your organisation/your membersLoan default guarantees, Working capital loan guarantees, Leasing guarantees, Project guarantees, First Demand Guarantees in the Construction an Finishing Works Sector
Other SME support instruments offered by your organisation/your members
Subsidized loans or Mezzanine financing or Venture capital or Coaching or Mediation services
Mediation services
Is the activity subject to state aid regulation?No
Do you (your members) use..?
De minimis or GBER or Regional guidelines or Notification
Do you (your members) dispose of an internal rating/scoring system?Yes
Do your guarantees provide deponderation (capital relief) for member banks subject to capital requirements (Basel agreement)?No
Do you (your members) benefit of a public counter-guarantee that allows deponderation (capital relief)?No