LOLC Micro Credit Gawa Microfinance Fund

Contactar Gawa Microfinance Fund


CAME Gawa Microfinance Fund

LOLC Myanmar

As part of the holding LOLC Group, LOLC Myanmar has a real potential to become the leading microfinance institution in Myanmar thanks to an experienced management team, support from its parent company and strong geographic positioning in unpenetrated rural and urban areas. LOLC Myanmar obtained profitability within its first years of operations, having reached over 40,000 clients and a portfolio value of EUR 8,9 million. It is a highly capitalized institution and benefits from a solid pipeline of potential international lenders. 

Invested: December 2017

Kinara Capital

Founded in 2011, Kinara Capital is an Indian NBFC serving the "missing middle" MSME sector - a key motor of socioeconomic development at the base of the pyramid. MSMEs are often unable to access the funding offered by micro-finance or commercial lending institutions. Kinara has a unique focus, offering loans via a customised approach and without the need for a collateral. Kinara operates through 29 branches in 6 states, located mainly in industrial hubs, and holds a EUR 27 million portfolio. 

Invested: October 2017

Acceso Crediticio

Acceso Crediticio is a Peruvian-based financial institution specialised in providing loans to base-of-the-pyramid entrepreneurs working in the transportation industry. The institution targets informal taxi drivers who develop their activities around the poorest urban areas of Lima, offering an adequate and appropriate product to an unbanked market segment neglected by the traditional financial institutions. The products offered by Acceso incentive the use of clean energy powered vehicles, reducing CO2 emissions.

Since 2016, Acceso is backed by Kandeo, a strong Private Equity Firm specialized in financial institutions with social impact.

Invested: June 2017


Microserfin, part of BBVA Microfinance Foundation, is one of the leading NBFC-MFI in Panama. The institution has a solid track record of more than 26 years of activity in Panama, consolidating its foundational focus of improving the standard of living of low-income entrepreneurs and their families. 

Focused in rural areas, Microserfin served in 2016 over 17.000 clients with a total loan portfolio of EUR 27M through 243 employees. 

Invested: May 2017

Financiera Fondo de Desarrollo Local (FDL)

FDL is a leading provider of credit services in rural Nicaragua. It also has a significant presence in urban areas where it serves micro and small women entrepreneurs. It was founded in 1992 by the Nitlapan Research and Development Institute of the Central American University (prestigious Jesuits University). It has over EUR 100 million in assets and is the largest microfinance provider in Nicaragua, excluding banks offering microfinance services, serving over 60 thousand active clients and having a portfolio exceeding EUR 80 million.

Invested: February 2017

Emprende Microfinanzas

Emprende Microfinanzas S.A. is the result of co-operation between BBVA Microfinance Foundations and the Credicoop co-operative. The new institution seeks to consolidate its leading position in financial services for the poorest segment of the Chilean Market. They provide individual loan in rural and urban areas. The BBVA Foundation holds 100% of the total shareholder capital.

Invested: October 2016, October 2018

Fusion Microfinance 

Fusion Microfinance is a registered NBFC – MFI which operates in a Joint Liability Group lending model in India.Their clients comprises of 100% women living in rural and semi-urban areas. Their focus is reaching out to unbanked and providing loan to women entrepreneurs belonging to the economically and socially deprived section of the society. Fusion also acquaint the clients to manage their financials by disseminating Financial Literacy to them.

Invested: August 2016

Banco D-Miro  

Banco D-MIRO originated from the Norwegian International Mission Alliance's (a Christian NGO engaged in supporting poor and marginalized people in Asia, South-America and Africa) microfinance program in Ecuador. It has over 15 years of industry experience, has operated as an independent non-for-profit institution (Foundation) since December 2006 and as a bank since July 2011.

In accordance with its mission to serve the poor, it provides individual microcredit and savings in suburban areas of Guayaquil and in another eight Ecuadorian coastal cities.

Invested: July 2015


Crezcamos grew out of a non-profit microfinance program and was incorporated in 2008 as a limited liability company.  Crezcamos has 43 offices across 9 districts in northern Colombia. The company operates in rural areas and targets micro and small entrepreneurs.  It serves businesses with a maximum of 10 employees and assets up to 500 times the minimum monthly \salary.  Crezcamos’ strategy has always been to expand in unbanked / underbanked areas of the country. 

Invested: March 2014

Janalakshmi Financial Services

Janalakshmi Financial Services is an NBFC based out of Bangalore, Karnataka, India. It was incorporated in July 2006 and has a presence throughout India and is increasingly geographically diversifying; it has 68 branches across 42 cities and 10 states. JFS provides a wide range of microfinance products to the urban poor and employs innovative, state-of-the art technology. It offers various loan, insurance, gold and pension products to women entrepreneurs organized under the joint liability group model, and offers savings through a partnership with Axis bank

Invested: July 2012, November 2014



Founded in 1998 as “Internationale Micro Investitionen AG, ProCredit Holding AG & Co. KGaA is a Holding Company based in Frankfurt Germany controlling 21 fully fledged banks and one non-bank financial institution in as many countries across three continents. The Holding maintains strong centralized control and provides support to its affiliates in a variety of core areas including Risk Management, Internal audit, MIS, and HR training. The group is focused on commercial as well as social objectives with an emphasis on responsible lending and financial education to avoid over-indebtedness. After three years of preparation, the ProCredit Group became under supervision of the German regulators in December 2011

Invested: July 2012


AzerCredit is one of the leading microfinance institutions of the Republic of Azerbaijan and it operates mostly in the agricultural sector. It was initially established in 1996 as AzEF (Azerbaijan Enterprise Fund). Later, in 2002 it was renamed AzerCredit LLC and obtained a license from the Central Bank of Azerbaijan.

Invested: May 2012


LLC Micro Finance Organization Credo is a leading microfinance institution operating in Georgia. Founded in 1997, it is part of the World Vision network. Credo’s mission is providing sustainable financial services to the entrepreneurial poor and Georgian micro- and small businesses, with a preference for rural activities and those businesses that create income and employment opportunities for the poor. 

Invested: May 2012

LOLC Micro Credit Limited (LOMC)

LOLC Micro Credit Limited operates throughout Sri Lanka, backed by the largest non-banking financial conglomerate (the LOLC Group), seeking to create entrepreneurs out of those considered ‘un-bankable' by the traditional financial system. It manages to reach the most remote areas thanks to an innovative partnership with the postal service network which allows it to have a physical presence throughout the country. LOMC was set up in partnership with the internationally triple rated FMO (The Netherlands Development Finance Company) and is licensed by the Central Bank of Sri Lanka with operations sin 2009.

Invested: March 2012, July 2015


The institution “Nariño, Empresa y futuro – CONTACTAR” was founded in 1991 as an NGO with the objective of supporting microentrepreneurs by commercializing their products and providing training and technical assistance. The institution was created with the support of GTZ (German Agency for International Development). Contactar differentiates itself for being highly focused on rural development and has been internationally recognized for its efforts to bring services and financial literacy education to the most remote areas.

Invested: October 2011

Sinapi Aba Trust

Sinapi Aba Trust (SAT) is a non-profit, Christian organization founded on May 30th, 1994 to support the poorest of the economically active poor in Ghana. Leading members of Christian Life Center (CLC) brought in the idea for the formation of the Trust as part of the Church’s mission in Ghana. Upon several meetings and discussions, the company was finally birthed at a meeting held between Messes Larry Reed (of Opportunity International), Jonathan Wilson and Rev. Davis Freeman (Board Chairman of SAT) in 1994. It is currently the largest NGO MFI in Ghana, and the largest of all institution types in terms of borrowers with a national presence in every region.
Their name means “mustard seed”, as their mission is to: “… serve as a ‘Mustard Seed’ through which opportunities for enterprise development and income generation are given to the economically disadvantaged to transform their lives.”

Invested: August 2011


CAMESA (“Consejo de Asistencia al Microemprendedor”) is a regulated financial institution that has the license to mobilise deposits and it is supervised by the Comisión Nacional Bancaria y de Valores de Mexico (CNBV). It exists in Mexico since 1993 with a mission to encourage savings, entrepreneurial activities and provide credit to impoverished people in order to improve their financial situation.

Invested: June 2011