LMDF confirms commitment to microfinance in Niger
The Board of Directors of the social investment fund LMDF resolved at its meeting of 16 October 2013, to invest EUR 1 million in the Nigerien microfinance institution ASUSU SA. This important loan illustrates the Fund’s mission to support emerging microfinance institutions, often operating in challenging environments. Ultimately, the Fund wishes to contribute to the ecnomic development of micro-entrepreneurs and farmers in Niger, one of the least developed countries in the world.
ASUSU’s activities include financing of small farmers and traders in the whole country. Partner of the LMDF fund since 2011, ASUSU develops itself through micro-credit, savings and money transfer services and today has 220.000 customers.