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Micro Development Fund
MDF is non-profit organization, formally organized as associations of citizens. MDF was registered in January 2001 and is the organization with the longest microfinance history in Serbia.
Beside its head office in Belgrade, there are two regional offices in Nis and Uzice and in addition to these there are seven local offices in: Kragujevac, Krusevac, Jagodina, Kraljevo, Cacak, Nova Varos and Vrnjacka Banja. MDF Loan Officers also cover the following municipalities: Arilje, Cajetina, Leskovac Pozega, Trstenik, Valjevo and Zlatibor.
Since the inception of microloan program MDF supported 12,630 small scale businesses, in amount of app. 18,150,000 €. Just in 2008, MDF financed 1,433 clients in amount of 2,609,420 €.
The impact on the financed businesses may be presented by the creation and retention of 2,214 jobs in 2008.
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