Our Microfinance Institutions (MFIs)

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.

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 17,000 clients and 19 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

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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

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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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Salym – Kyrgyzstan

Kyrgyzstan

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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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Sinapi Aba Savings and Loans

Ashanti, Ghana – West Africa

Sinapi Aba Trust (SAT) began its activities in 1994 as a Non-governmental Organization (NGO) offering microfinance services to its clients.

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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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UMF Uganda

Kampala, Uganda – East Africa

UMF is a Ugandan indigenous NGO created in 2008 by 12 Ugandans with the aim to offer financial and non-financial services to their fellow citizens excluded from the traditional banking system.

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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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FUNDESER

Managua, Nicaragua – Central America

Founded in 1997, FUNDESER is nationally recognised for its activities in rural areas. The institution operates in three different regions of Nicaragua and targets rural areas through a network of 21 branches.

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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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ACME

Puits, Haïti – Central America and the Caribbean

The ACME association is an NGO founded in 1997 by a Belgian visionary who wanted to build “a model tool for the active population, valiant but excluded from any financial support necessary for the development…

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AMC – Honduras

Choluteca, Honduras – Central America

Created in 2007 by Inversiones Confianza, AMC showed a positive profitability from the beginning of its activities.

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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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INSOTEC

Quito, Ecuador – South America

The institution was founded in 1980 as a private non-for-profit foundation by the initiative of a group of small industry entrepreneurs with the aim of contributing to the economic, social, and educational development in Ecuador.

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HEFF

San José, Costa Rica – Central America

The Higher Education Finance Fund seeks to mobilise student loans for low-income populations in Latin America. The fund lends and provides technical assistance to microfinance institutions and other financial intermediaries serving the poor so that…

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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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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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FUNDENUSE

Ocotal, Nicaragua – Central America

The microfinance institution Fundenuse started its operations in May 2012 offering financial and non-financial services. Since its inception, it has maintained the social vision with a business and environmental approach that entails the achievement of…

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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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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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BEREKE

Semey, Kazakhstan – Central Asia

BEREKE, which means “prosperity” in the local language, is a microfinance institution focused on small enterprises in north-eastern Kazakhstan.

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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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FINAMIGA

Valle del Cauca, Colombia – South America

FINAMIGA 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 solido

Tuxtla Gutiérrez, Chiapas – Mexico

Avanza Solido 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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BIMAS

Embu, Kenya – East Africa

BIMAS has been created after the great success of the PLAN EMBU initiative, which aimed to provide trainings and credits for small businesses.

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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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M-KOPA

Kilimani Nairobi, Kenya – East Africa

M-Kopa’s slogan is “upgrading people’s lives”. With this motto, M-Kopa has now helped over 850,000 homes to access electricity, with an impact on approximately 3.5 million peoples’ lives.

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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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Vahatra
Vahatra
Antananarivo, Madagascar – East Africa
YEHU
YEHU
Mombasa, Kenya – East Africa
SOFIPA
SOFIPA
Oaxaca, Mexico – North America
FUNDESER
FUNDESER
Managua, Nicaragua – Central America
ADISA
ADISA
El Quiché, Guatemala – Central America
FACES
FACES
Loja, Ecuador – South America
ACME
ACME
Puits, Haïti – Central America and the Caribbean
INSOTEC
INSOTEC
Quito, Ecuador – South America
HEFF
HEFF
San José, Costa Rica – Central America
KOMIDA
KOMIDA
Jakarta, Indonesia, Southeast Asia and Oceania
REFICOM
REFICOM
Totonicapán, Guatemala – Central America
OXUS
OXUS
Bishkek, Kyrgyzstan – Central Asia
BEREKE
BEREKE
Semey, Kazakhstan – Central Asia
ADICLA
ADICLA
Sololá, Guatemala – Central America
FURUZ
FURUZ
Boktar, Tajikistan – Central Asia
FINAMIGA
FINAMIGA
Valle del Cauca, Colombia – South America
BIMAS
BIMAS
Embu, Kenya – East Africa
SIPEM
SIPEM
Antananarivo Renivohitra, Madagascar – East Africa
Advans
Advans
Mandalay, Myanmar – Southeast Asia
M-KOPA
M-KOPA
Kilimani Nairobi, Kenya – East Africa
Alliance
Alliance
Mandalay, Myanmar – Southeast Asia