Locfund’s multi-product strategy seeks to serve MFIs by offering loans in local currency, subordinated loans, credit lines for local currencies, bond issues in local capital markets, underwriting for capital markets, market maker services for fixed income instruments and technical assistance, focused above all on the digital transformation of the MFI.

Locfund Next seeks to improve financial inclusion by solving the main limitations that slow down the growth and potential impact of MYPEs when it comes to providing financial services to populations located at the base of the pyramid. Its areas of action are: (i) to offer financing in local currency to small and medium-sized MFIs (Tier II and Tier III); (ii) to connect the MFI with local capital markets in order to obtain alternative sustainable local currency financing, and (iii) to help MFIs to modernize and reach their clients with better services and thus facilitate their digital transformation.


  • To reach 600,000 end customers, with an indirect impact on 2.4 million people.
  • $ 820 million in disbursements.
  • To serve more than 114 MFIs, which represent 30% of the Latin American and Caribbean market.
  • Consolidating as a permanent source of financing for MFIs.

Data as of March 2023

  • 169.000 end clients, with an indirect impact of 1.8 million people
  • $168.2 million disbursed in financing for MFIs
  • 51 MFIs served in Latin America and the Caribbean


Investors and lenders

Locfund Next is the initiative of a group of investors and lenders highly committed to the development of the region, made up of:

  • Norfund
  • BIO
  • SIFEM-Obviam
  • Fundapro
  • IDB Lab
  • FinDev
  • BIM Ltd. (GP)
  • BIO
  • SIFEM-Obviam
  • FMO
  • DFC
  • IDB Lab
  • Google – IDB Lab
  • OeEB
  • DEG
  • FinDev
  • IDB Invest


Further Information?

You may request further information about this Fund by clicking the following link

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