Select language


LOCFUND is a micro-financing fund that offers loans(tier 2 and 3 capital) in local currency to micro-financing institutions in Latin America. The institution has total assets of NOK 180 million. The fund was established in 2007 as a result of high demand for local-currency products. The founding owners are Norfund, FMO and IDB. With its investment, Norfund wishes to contribute to financing of micro-financing institutions in local currencies, and thereby strengthening their risk management.

LOCFUND has been very successful in deploying local currency loans, an innovation in itself, to more than 45 MFIs throughout 13 countries.  These have received 97 loans, mobilizing more than 68MUSD which has reached more than 1.7 million microenterprises of which 58% have been women (as of november 2013).


  • Company: LOCFUND
  • Sector: Micro credit
  • Investment year: 2007
  • Instrument: Fund
  • Committed amount (MNOK): 3,3