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Fondo de Desarrollo Local (FDL) is a leader in Nicaragua’s microfinance sector. The institution mainly targets low-income individuals, micro-businesses and VSEs in rural and urban areas. Since its creation, first as an NGO in the 1990s and then as a regulated financial company from 2016, FDL has been committed to improving the living conditions of the most vulnerable Nicaraguans by providing loans, training and support services to help them develop their businesses.
Created in 2005, the institution focuses on the micro-enterprise, SME, rural sector and consumer credit segments. It has a market share of around 8% and 15 branches throughout the country. Since 2015, a new management team has enabled it to return to a good level of profitability. Microinvest performed well during the Covid crisis. It is now facing the Ukrainian crisis, in which Moldova is geopolitically involved. However, it has held up well against these various events and its financial results are very satisfactory.
FDL has a strong social dimension, with a particular focus on financial inclusion in rural areas and environmental protection. FDL also offers high value-added services, particularly for its farming customers, with training and technical support to help them increase their yields and reduce the risks associated with their activity.
