FDL

  • Active: Active
  • Region: Latin America
  • Country: Nicaragua
  • Sector: Microfinance
  • Year: 2013
  • Domicile: Nicaragua
  • Instrument: Equity and loan
  • Commitment (MNOK) as of 30.09.2018: 101.7
  • Original Commitment (MNOK): 125.3

female entrepreneur
A large proportion of FDL's clients are female

Financiera Fondo de Desarrollo Local (FDL) is the leading microfinance institution in Nicaragua. FDL began its operations in 1992 as an NGO to later emerge as a well functioning Nicaraguan microfinance institution. Its mandate is to provide financial services to micro and small enterprises in both rural and urban settings.

Norfund owns close to 11% of the company.  As Norfund provides equity to FDL, this mobilizes more capital on the debt side of the business as it provides comfort to lenders.

 

 

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo

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