Incofin Rural Impulse Fund invests $500,000 in Fundacion Dominicana de Desarrollo

Microfinance Focus, Jan. 21, 2010: The Rural Impulse Fund has recently invested $500,000 in a senior loan to Fundacion Dominicana de Desarrollo (FDD), a microfinance foundation in the Dominican Republic.

The investment has been provided in local currency through the use of MFX to support the FDD’s growth strategy, Incofin said in a recent statement.

FDD, established in 1966, is one of oldest MFIs in Latin America and a pioneering microfinance provider in the Dominican Republic.

The foundation was created and remains supported by major Dominican companies. In the past two years, FDD and its new management team have been implementing measures to increase the MFI’s outreach, according to Incofin.

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