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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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Micro Development Fund © 2009
Client stories
On 28 June 2011, the MDF signed grant contract with European Union represented by European Commission for implementation of the project "Support to Civil Society for Local Socioeconomic Development and Social Inclusion".

MDF received rewards for reporting

MDF has been an active member of the Social Performance Task Force meetings of Consultative Group to Assist the Poor (CGAP) working on design of Social Performance indicators for more than 3 years. Also, MDF has been an active member of the Social Performance Management Working Group within the Microfinance Centre MF - network for CEE.

MDF applied Quality Audit Tool, reviewing its Social Performance Management status in cooperation with the MFC. Besides, MDF provided first reports within new standards for microfinance worldwide, to the Microfinance Information Exchange (MIX). 

Resulting from all, MDF received an Award Certificate for 2009 year from MIX for innovative reporting on social indicators as well as second silver Award Certificate for 2010 year from MIX for reporting on social indicators. 

Grant Contract with EU Commission signed
The project is aimed to improve participatory role of all action support actors in process of local socioeconomic development and social inclusion of socially disadvantaged, Roma, youth, working inexperienced people and long term unemployed.

The project will be realised througout:
  • Increase prospects of employment by providing adequate career guidance, counselling and referral to other institutions' employment initiatives within the local community.
  • Improved educational/vocational skills and capacities through Vocational and Curriculum Training Programs
  • More professional services on career guidance offered by MDF to socially disadvantaged based on human and intellectual capacity of MDF staff improved.

The implementation of the project wil last 12 month and will be realised in the following municipalities in Serbia: Kragujevac, Kraljevo,  Krusevac, Cacak, Gornji Milanovac, Uzice, Nova Varos, Nis, Jagodina, Vrnjacka Banja, Knic, Batocina, Raca.
The Press Conference was held on 19 September 2011 at the Media Centre in Belgrade in order to announce the Project to Support local Civil Society for socio-economic Development and Social inclusion, implemented by “Micro Development Fund” and financed by European Union.

For more details, please click here.
The Press Conference was held at the Media Centre in Belgrade