Funding of a second MFI in the Philippines
LMDF invests PHP 11 million (ca. EUR 180.000) in the MFI KPS-SEED
The Fund has complemented its investment approach in the Philippines with a second investment in the microfinance institution KPS-SEED, in a country were a third of the population lives with less than 2 USD a day.
KPS–SEED − Katotohanan‚ Pagkakaisa at Serbisyo (Trust, solidarity and service) – Small Enterprise and Economic Development − is active in the South of the Philippines in one of the poorest regions. KPS Seed provides credit‚ savings and micro insurance services to its clients which are mostly small traders around the small towns and in rural areas.