Asociacion Fondo de Desarrollo
Asociacion Fondo de Desarrollo (FDL) is one of the largest microfinance institutions in Nicaragua. Its aim is to improve the social and economic position of low-income groups, especially in rural areas. FDL holds a strong position as a credit provider in rural areas, but it also issues group loans to women in urban areas. By focusing mainly on rural areas, FDL is able to make a tangible contribution to the development of Nicaragua, the poorest country in Latin America. FDL also provides special ‘green loans’ to farmers to enable them to conduct their business in a more environmentally friendly manner.
The loans from Triodos Fair Share Fund and and Triodos Microfinance Fund will enable FDL to continue to serve its unique target group.
KEY INDICATORS Asociacion Fondo de Desarrollo at year-end 2015:
- number of loan clients: 70,060
- percentage female clients: 52%
- percentage rural clients: 70%
- average loan amount: EUR 1,190
- number of savings clients: -
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.