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Additions to our Emerging Markets portfolio

23-11-2012 | ASDIR in Guatemala, FACES in Ecuador, CREDINKA in Peru, Agora Microfinance Zambia and Ugafode Microfinance Limited in Uganda are new in our Emerging Markets portfolio.

ASDIR, Guatemala

Asociación de Desarrollo Integral Rural (ASDIR) is located in the western region of Guatemala and targets mainly rural and poor indigenous population. In this region access to finance is limited. The institution offers a range of credit services as well as other financial services. ASDIR also provides non-financial services such as computer trainings, value chain trainings, workshops for young entrepreneurs and financial education programmes. Hivos-Triodos Fund and Triodos-Doen have provided a USD 400,000 loan to ASDIR.


Triodos Microfinance Fund and Triodos Fair Share Fund have provided a USD 1.2 million subordinated loan to Caja Rural de Ahorra y Credito Quillabamba (CREDINKA). This institution is also active in regions where access to finance is limited and where poverty levels are among the highest in Peru. CREDINKA offers a range of credit services, debtor cards, payment services and insurance products. It is also very successful in mobilising savings. It developed a community savings scheme for remote Indian communities in the Andes and a savings product for women in the Puno-Cusco corridor. 

FACES, Ecuador

The core of the activities of Fundación de Apoyo Comunitario y Social del Ecuador (FACES) consists of offering microcredit and non-financial services to agricultural producers and micro-entrepreneurs in the southern provinces of Ecuador. Specific target clients are women and agricultural producers. FACES furthermore serves families with handicapped people, through a special credit product and rehabilitation services. Because of its strong social and environmental focus and its strong roots in gender empowerment Hivos-Triodos Fund has provided a USD 1 million loan to FACES.

Agora Microfinance Zambia

Agora Microfinance Zambia (AMZ) is a young organisation which started operations in April 2011. AMZ specifically targets low-income rural households, through its branches in the Mongu and Mumbwa districts. These districts show the highest poverty rates and access to finance is limited. The loan clients are self-employed or family workers in low-income households engaged in small livelihoods activities, mainly subsistence agriculture, small-scale processing and fishery, as well as in retail trade and services. 99% of them are first-time borrowers. The ZMK 2 billion loan (EUR 400,000) provided by Hivos-Triodos Fund enables AMZ to realise its growth ambitions. 

Ugafode Microfinance Limited, Uganda

Ugafode Microfinance Limited (Ugafode) in Uganda offers a variety of both individual and group loans to fit with its clients’ needs. The institution distinguishes itself from other players in the Ugandan microfinance markets with a significant part of the portfolio invested in agriculture. To further increase outreach Ugafode is planning to establish contact offices, which are mini branches in the vicinity of existing branches. Hivos-Triodos Fund and Triodos-Doen have provided a UGX 3.4 billion loan (EUR 1 million) to Ugafode to realise further growth.

View also the world map for more information on these and other microfinance institutions and banks in our portfolio.

Pricila Morales Ortiz - client of ASDIR in Guatemala

one of the clients of FINCA Kyrgyzstan

Triodos Bank, PO Box 55, 3700 AB Zeist The Netherlands