FDL

Latin America

Region

89.4

Committment (MNOK)

Financial Institutions

Sector

Fondo de Desarrollo Local (FDL) began its operations in 1992 as a unit of the research and development department at a local university. In its early years, FDL operated mainly as a second-floor financial institution and in 1997 it restructured as an MFI providing loans directly. Today, FDL is a strong MFI that has emerged as a leader in the Nicaraguan Microfinance sector. Norfund's investment provides much-needed capital for the institution to continue increasing its customer base and providing more products within the sector.

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  • Sector: Financial Institutions
  • Committment (MNOK): 89.4
  • Year: 2013
  • Region: Latin America
  • Country: Nicaragua
  • Domicile: Nicaragua
  • Instrument: Equity & Loans
  • Status: Active