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.

ACEP

Ouagadougou, Burkina Faso – West Africa

The ACEP system (Agence de Crédit pour l’Entreprise Privée) was developed in the 90’s on the initiative of ACEP International and is constituted as a reference network and as one of the main actors of…

Learn more

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…

Learn more

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.

Learn more

FINCA

Port-au-Prince, Haiti – Caribbean

The NGO FINCA Haïti was created in 1989 to provide microloans to female village groups.

Learn more

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.

Learn more

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.

Learn more

Baobab Microfinance

Tamale, Ghana – West Africa

Baobab Microfinance started its activities in 2008 in Tamale, in the Northern Region of Ghana. The MFI was created by two individuals, both originally from the North who wanted to reduce the level of poverty…

Learn more

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.

Learn more

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.

Learn more

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.

Learn more

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.

Learn more

MiCrédito

Managua, Nicaragua – Central America

MiCrédito SA was originally created as an NGO in 2004 by MEDA (Mennonite Economic Development Associates) and became a public company in September 2012. The institution operates mostly on the West of Nicaragua and covers…

Learn more

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…

Learn more

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…

Learn more

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…

Learn more

AMC – Honduras

Choluteca, Honduras – Central America

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

Learn more

AMSSF

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…

Learn more

EBO

Bwizibwera, Uganda – East Africa

EBO SACCO was founded by a group of three people in July 1995 in the village of Rutooma, Kashari County.

Learn more

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.

Learn more

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…

Learn more

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.

Learn more

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…

Learn more

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…

Learn more

ECLOF

Bogotá, Colombia – South America

ECLOF International was founded in 1946 in Geneva, Switzerland. Their first mission was to offer financial support to churches in Europe, especially after the Second World War.

Learn more

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.

Learn more

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…

Learn more

Pro Mujer

Provincia de Salta, Argentina – South America

Pro Mujer is a leading women’s development organisation that provides more than 286,000 women in Latin America with the means to build livelihoods for themselves and futures for their families through financial services, business and…

Learn more

IDH Microfinanciera

Tegucigalpa, Honduras – Central America

IDH was created at the initiative of the Institute For International Development with the aim of supporting entrepreneurs who are members of low-income Christian churches and wish to carry out economic activities.

Learn more

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…

Learn more

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…

Learn more

OMLA

Buenos Aires, Argentina – South America

In 2008, three entrepreneurs with more than 20 years of experience in microfinance created OMLA S.A. and opened three branches in the Buenos Aires region. As the network has grown, it now has 38 employees…

Learn more

Ilumina Servicios Financieros

Buenos Aires, Argentina – South America

This microfinance institution called FIE Gran Poder was created in 2001 by a doctor to provide financial services to Bolivian emigrants. FIE’s vision is to be a strong and leading leader in microfinance in Argentina,…

Learn more

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.

Learn more

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.

Learn more

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.

Learn more

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.

Learn more

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.

Learn more

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.

Learn more

EFC

Kampala, Uganda – East Africa

Entrepreneurs Financial Centre (EFC) was created in 2011. Their loan operations began in July 2012 with a model which targets exclusively Ugandan entrepreneurs with micro, small and medium enterprises in urban market.

Learn more

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…

Learn more

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.

Learn more

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.

Learn more

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.

Learn more

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.

Learn more

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…

Learn more

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.

Learn more

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.

Learn more

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.

Learn more

Tugende

Kampala, Uganda – East Africa

Created in 2010, Tugende has set up a leasing methodology to allow motorcycle taxi drivers (boda-bodas) to become the owners of their vehicles.

Learn more
ACEP
ACEP
Ouagadougou, Burkina Faso – West Africa
FINCA
FINCA
Port-au-Prince, Haiti – Caribbean
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
AMSSF
AMSSF
Fès, Maroc – North Africa
EBO
EBO
Bwizibwera, Uganda – East Africa
INSOTEC
INSOTEC
Quito, Ecuador – South America
HEFF
HEFF
San José, Costa Rica – Central America
KOMIDA
KOMIDA
Jakarta, Indonesia, Southeast Asia and Oceania
ECLOF
ECLOF
Bogotá, Colombia – South America
REFICOM
REFICOM
Totonicapán, Guatemala – Central America
Pro Mujer
Pro Mujer
Provincia de Salta, Argentina – South America
OXUS
OXUS
Bishkek, Kyrgyzstan – Central Asia
Comuba
Comuba
Abomey Calavi, Benin – West Africa
OMLA
OMLA
Buenos Aires, Argentina – South America
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
EFC
EFC
Kampala, Uganda – East Africa
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