Next key dates

23 September 2024 Next subscription deadline

16 August 2024 Next redemption deadline

21 October 2024 Publication of NAV (est.)

June 2024

Annual Report 2024 (pdf)

Microfinance in Cambodia

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Stories from the ground

Annual report for the year ended March 2024

The audited annual report for the financial year ended on 31 March 2024 is now available. The impact focus is on financial inclusion for rural areas, featuring the microfinance institution Norandino in Peru.

The Fund also reports positive financial results in a year marked by challenges in the portfolio, mainly stemming from the degrading environment in Myanmar.

Some thoughts on the microfinance sector in Cambodia

We have been following the evolution of the sector in Cambodia for many years. LMDF published an article in our 2020 Social Performance report on the concerns over the evolution of the sector [Article]. At the time, the article concluded stating “responsible microfinance in Cambodia is facing its biggest test yet“…

Invest Differently

LMDF invests in emerging microfinance institutions that work hard to provide a better life for micro-entrepreneurs. We help these promising institutions to become solid partners for micro-entrepreneurs who need a reliable and fair supply of basic financial services.

Micro-entrepreneurship in Zambia

Josephine, a young widow and mother from Kasama in the Northern Province of Zambia, has managed to lift her family out of poverty with her business.

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Unique protection against risks

For investors in Class C (share Class open to individuals and non-profit structures) the Fund has set up a risk protection mechanism, through the A and A_bis share Classes (the Luxembourgish State and the NGO ADA). Concretely, if an MFI does not reimburse the Fund, Class C investors benefit from by an initial absorption of losses through Class A and A_bis.

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