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 2016:
- number of loan clients: 56,998
- percentage female clients: 72%
- percentage rural clients: 38%
- average loan amount: EUR 973
- number of savings clients: