VDK Savings Bank of Belgium began microfinance operations through Incofin, a Belgian social investment firm with experience in microfinance. Incofin advises VDK Savings Bank in the development of their VDK MFI Loan Portfolio, worth the equivalent of USD 45.9 mn, which now lends directly to microfinance institutions (MFIs) in Latin America and Central Asia. VDK is the first Belgian commercial bank to feature direct lending to MFIs.
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