FDL is a leading microfinance institution (Fondo de Desarrollo Local) based in Nicaragua. It has been active in the country for more than 20 years. FDLs mission is to provide financial services to micro, and small businesses in rural and urban areas that will allow the entrepreneurs to improve their living conditions.
In July 2013, the institution had a portfolio of over 60MUSD and is working with over 60,000 borrowers throughout Nicaragua. The institution has over 37 branches covering most of the national territory.
Norfund is supporting FDL directly by means of a loan geared towards building its portfolio.