- Active: Active
- Region: Latin America
- Country: Nicaragua
- Sector: Microfinance
- Year: 2013
- Domicile: Nicaragua
- Instrument: Equity and loan
- Commitment (MNOK) as of 30.06.2019: 100.5
- Original Commitment (MNOK): 131.9
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.