LMDF reintegrates Mali to its investment portfolio
The microfinance instititution Soro Yiriwaso in Mali is partner of the Fund since 2010. However due to the political crisis which started in 2012 and the islamist insurgency in the north of the country, the Fund had stopped all funding.
Today, the situation in Mali has improved with elections leading to a new government. Microfinance institutions are struggling to meet the needs of micro-entrepreneurs due to a lack of funding in the sector.
It is in this context that the LMDF decided to contribute with 325 million CFA (ca. EUR 500.000) to the advancement of the sector by supporting again the microfinance institution Soro Yiriwaso whose mission is to mainly support women living in the rural areas through group lending.