Our Partners

At LMDF, we know that development takes time. Like poverty reduction, it is a goal whose short-term results cannot be measured. This is why the LMDF strives to build long-term relationships with institutions that have the potential to create a positive and significant impact among their clients.

By investing in emerging microfinance institutions with a strong social vocation, LMDF ensures their development and therefore increases their social reach. Below is a list of all the microfinance institutions (MFIs) that are partners of the Fund.

FDD

Santo Domingo, Dominican Republic

The Dominican Development Foundation (FDD) was established in 1966 as a response to the need for a peaceful and dignified Dominican Republic. It was formed by a group of 23 businessmen, led by José Armenteros…

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Edpyme Alternativa

Chiclayo, Peru

Alternative Credit Company S.A. is a microfinance institution based in Chiclayo, Lambayeque – Peru. It was established in 1992 through an agreement between the Chamber of Commerce and Production of Lambayeque and the Inter-American Development…

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AHSETFIN

Tegucigalpa, Honduras

The Honduran Association for the Development of Technical and Financial Services (AHSETFIN) began its operations in December 2006 as an association aimed at promoting and spreading social, educational, and financial development among the Honduran population…

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Renesans

Ouzbékistan – Asie Centrale

Renesans in Uzbekistan was created in 2007 with the vision to strive to be a leader in providing quality financial services to micro and small entrepreneurs and to become a leading organisation in the field…

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INKUNGA Finance

Kibuye, Rwanda

The MFI is mainly active in the Western Province and its surroundings. The local economy is mainly composed of traditional and commercial agriculture such as coffee (20% of the portfolio) on the shores of Lake…

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HUMO

Dushanbe, Tadjikistan

Humo is a progressive and leading microcredit deposit organisation. Their main activity is to provide quality, affordable financial services to the rural population, as well as to promote the development of small and medium-sized businesses…

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ASSILASSIME

Lomé, Togo

Assilassimé has a very social vocation with the vision of allowing anyone wishing to undertake to be able to fulfill their dream for themselves and their family.

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ACTB SL

Freetown, Sierra Leone

ACTB SL was established in 2008. With more than 17,000 customers, of which approx. 72% women, it is currently one of the largest MFIs in the country.

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Asian Credit Fund

Kazakhstan – Central Asia

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VisionFund

Dominican Republic

For over 15 years, VisionFund has focused on delivering quality microfinance products that promote financial inclusion in rural areas, particularly for people living in poverty. The institution applies strict criteria regarding the types of activities…

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UFC Rwanda

Rwanda – Sub-Saharan Africa

UFC currently counts 6,000 clients and 11 branches throughout Rwanda with a strong predominance in rural areas (96.1% of its customers).

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IDEPRO

Bolivia – South America

IDEPRO has a strong reputation for providing financial services to micro-entrepreneurs, mainly in rural areas.

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Alternativa

Peru

The NGO « Alternativa, Centro de Investigación Social y Educación Popular » (Alternativa) was founded in 1982 with the purpose to promote the local development by improving the poor’s living conditions.

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UFC Kyrgyzstan

Kyrgyzstan – Central Asia

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MiCréditoYa

Pasto, Colombia – South America

MiCréditoYA seeks to have a positive impact on local communities by offering socially and environmentally responsible financial alternatives.

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ACEP Cameroon

Cameroon

In December 1998, a credit agreement was signed between the Republic of Cameroon and the French Development Agency (AFD). The purpose of this agreement was to finance the creation of a financial institution, specialised in…

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MicroLoan Foundation

Zambia

Since its inception in 2008, MicroLoan Foundation Zambia (MLF-Z) first started operating in the Eastern province of Zambia and has steadily expanded its footprint to the Southern and Northern provinces of the country.

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PILARH OPDF

Honduras, Central America

PILARH OPDF has been a partner of the Fund since 2011. Through this long-term partnership, PILARH has already benefited from 3 financing rounds…

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Óptima

El Salvador

Óptima supports more than 11,000 clients with an average loan disbursed of EUR 3,954 through its 10 agencies in the country.

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Vahatra

Antananarivo, Madagascar – East Africa

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YEHU

Mombasa, Kenya – East Africa

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Bailyk Finance

Bishkek, Kyrgyzstan – Central Asia

In 2017, LMDF added a new country to its portfolio: Kyrgyzstan. It is a very poor mountainous country between China, Kazakhstan, Tajikistan, and Uzbekistan where most of the population is active in the sectors of…

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SOFIPA

Oaxaca, Mexico – North America

SOFIPA was created in 2004 as a savings and credit cooperative by the initiative of a group of young entrepreneurs engaged in the fight against unemployment and youth migration to the USA.

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Moris Rasik

Dili, Timor Leste – South Asia

With more than 17 years of presence in the country, Moris Rasik is one of the two MFIs present in East Timor.

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LAPO Microfinance Company SL

Freetown, Sierra Leone – West Africa

In 2008, the NGO LAPO Nigeria launched the MFI LAPO SL in Sierra Leone. True to the mission of the NGO, the MFI essentially provides micro-loans to women in disadvantaged areas.

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ADISA

El Quiché, Guatemala – Central America

ADISA – Asociación para el Desarrollo Integral de San Antonio Ilotenango – was created in 1991 by a group of farmers who needed financing to buy materials to support their farming activities.

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FACES

Loja, Ecuador – South America

FACES – Fundación de Apoyo Comunitario y Social del Ecuador – is a private non-for-profit organisation (NGO) created in 1991 by local professionals to overcome the lack of government support in one of the poorest…

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PADECOMSMCREDITO

San Miguel, El Salvador – Central America

The MFI was founded in 2006 and has as origin the NGO PADECOMSM micro-credit program, which was founded in 1996 because of the civil war that hit El Salvador for over a decade. The MFI has…

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Attadamoune Microfinance

Fès, Maroc – North Africa

Founded in 1994, the Association Marocaine Solidarité Sans Frontières, AMSSF had as mission to help the poor and illiterate women, to participate in the training and education of young children through vocational training programs and…

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PEBCo – BETHESDA

Cotonou, Benin – West Africa

The NGO BETHESDA was created in 1990 by 24 Protestant and Evangelical churches of the country after an unprecedented socio-economic crisis. The first activity to emerge was the health department.

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KOMIDA

Jakarta, Indonesia, Southeast Asia and Oceania

The KOMIDA foundation was established in January 2004 in Indonesia. In August 2005, KOMIDA started its Microfinance program to help the tsunami victims of that same year. Their mission was to help people recover from…

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ARARIWA

Cusco, Peru – South America

The ARARIWA ONG was established in 1984 to improve the living conditions of the farmers of the Cusco region in Peru by proposing training and assistance to the local community. It is only in 1994…

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REFICOM

Totonicapán, Guatemala – Central America

Reficom’s mission is to be an institution specialised in financial and non-financial services in southwestern Guatemala with an emphasis on the development of communities in the productive sector.

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OXUS

Bishkek, Kyrgyzstan – Central Asia

OXUS was officially registered and licensed by the National Bank of the Kyrgyz Republic as a Micro Credit Company in 2006. It then took over ACTED’s microfinance portfolio with mainly clients living in southern rural…

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Comuba

Abomey Calavi, Benin – West Africa

Comuba was created in 2000 at the initiative of about ten people who have set up a mutual mechanism of contributions and reciprocal financing (tontine) to meet the needs of members. Low-income women have become…

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Norandino

Jaen, Peru – South America

Cooperativa de Ahorro y Crédito Norandino was founded in 2005 by several agricultural cooperatives to provide farmers in northern Peru, including coffee farmers, with adequate and competitive financial services.

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COAC 4 Octubre

Riobamba, Ecuador – South America

COAC 4 de Octubre was founded in 1996 by a group of drivers in Penipe (Riobamba) with the purpose to promote financial inclusion among drivers in their region.

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ADICLA

Sololá, Guatemala – Central America

The Asociación de Desarrollo Integral Cuenca del Lago de Atitlan, “ADICLA” was created more than 25 years ago with the aim for economic development through an initial project to improve infrastructures.

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FURUZ

Boktar, Tajikistan – Central Asia

The micro-lending activities of Furuz began in November 1999 as a Micro Enterprise Development program of the international NGO Millennium Relief and Development Services.

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UNI2

Valle del Cauca, Colombia – South America

UNI2 was founded in 2014 by local entrepreneurs with the purpose of promoting financial inclusion in the Valle del Cauca region before progressively diversifying their services to the North and South of Colombia.

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Oxus Tajikistan

Dushanbe, Tajikistan – Central Asia

OXUS is a medium-sized MFI with an extensive experience. Its social mission is clear and aims to improve the economic and social conditions of a target group: the low-income population that is not served by…

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Arnur Credit

Shymkent, Kazakhstan – Central Asia

Arnur Credit started its activities in 2001 in Kazakhstan. The MFI was established as a rural credit cooperative, providing loans to its members.

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Avanza Sólido

Tuxtla Gutiérrez, Chiapas – Mexico

Avanza Sólido SA is a financial intermediary company created in April 2011 in Tuxtla Gutiérrez (Chiapas) in Mexico by a group of entrepreneurs from Chiapas.

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SIPEM

Antananarivo Renivohitra, Madagascar – East Africa

The Société d’Investissement pour la Promotion des Entreprises à Madagascar (SIPEM) was created in 1990 but it was in 1997 that the organisation became active in microfinance by granting loans directly to SMEs.

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Advans

Mandalay, Myanmar – Southeast Asia

Advans Myanmar was incorporated in 2015 and is the tenth affiliate of the Advans group. The MFI received a temporary license to operate from the Microfinance Supervisory Committee of the Ministry of Finance of the…

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Conserva

Puebla, Mexico – North America

CONSERVA association has been created in 1999 to support indigenous women deported because of the armed conflict, from the Selva Locandona area in Chiapas.

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Alliance

Mandalay, Myanmar – Southeast Asia

Alliance was founded in 2014 to contribute to poverty alleviation and economic growth in the country. It has become, among others with the support of UNCDF, a leading MFI in the Mandalay region.

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FDD
FDD
Santo Domingo, Dominican Republic
Vahatra
Vahatra
Antananarivo, Madagascar – East Africa
YEHU
YEHU
Mombasa, Kenya – East Africa
SOFIPA
SOFIPA
Oaxaca, Mexico – North America
ADISA
ADISA
El Quiché, Guatemala – Central America
FACES
FACES
Loja, Ecuador – South America
KOMIDA
KOMIDA
Jakarta, Indonesia, Southeast Asia and Oceania
REFICOM
REFICOM
Totonicapán, Guatemala – Central America
OXUS
OXUS
Bishkek, Kyrgyzstan – Central Asia
Comuba
Comuba
Abomey Calavi, Benin – West Africa
ADICLA
ADICLA
Sololá, Guatemala – Central America
FURUZ
FURUZ
Boktar, Tajikistan – Central Asia
UNI2
UNI2
Valle del Cauca, Colombia – South America
SIPEM
SIPEM
Antananarivo Renivohitra, Madagascar – East Africa
Advans
Advans
Mandalay, Myanmar – Southeast Asia
Alliance
Alliance
Mandalay, Myanmar – Southeast Asia