D-Frif was established in 1991 by 5 pioneer staff members, and today boasts 400 employees. Staff are employed on the basis of equal opportunities, and enjoy on-going training and career progression. Their strong social and institutional commitment has contributed to the success of the Foundation. The institution nurtures a strong family bond amongst staff and clients alike. Weekly meetings reinforce the values of the institution and a sense of camaraderie to the extent that it is colloquially referred to as the “bank of the brothers”.
Since 2007 D-Frif has been regulated as a Development Finance Institution by the Autoridad de Supervisión del Sistema Financiero de Bolivia.
The most recent rating (Fitch) awarded D-Frif the following risk level:
- A Transmitter
- F1 Short-term in foreign currency
- A Long-term in foreign currency
- F1 Short-term in local currency
- A Long-term in local currency
What does D-FRIF stand for?
Diaconia - a sense of stewardship
Fondo Rotativo de Inversion y Fomento - rotating fund for investment and development
To help improve the income of people with limited resources in peri-urban and depressed rural areas, through easy access to credit for micro enterprises and housing opportunities.
To be a leading institution for people with limited resources through diaconal service whose characteristics include: treatment that ensures respect and dignity to the customer and their cultural values, processing loans with only necessary documents, interest rates at a reasonable level according to the market and for Diaconia-FRIF, and with flexibility in guarantees.
- Treatment without discrimination
- Genuine service to people in need
- Respecting the client's culture
- No customer abuse
- Tell the truth and keep your word
- Punctuality and timeliness
- Commitment and personal involvement
- Respecting the laws of the country
- Listening to the problems of the customers
- Transparency of information
D-FRIF offers two main credit products:
- Individual microfinance loans (business loans, agricultural loans, loans for artisans, for consumption, and housing loans).
- Group microfinance loans (community bank model, in which 90 % of clients are women).
Loan amounts range from $30 to $70.000, with an average loan outstanding of $1.200. Over 90 % of clients obtain loans of under $5.000.
Sources of Funding
D-Frif is fortunate to have some trusted allies and receive funding from the following institutions:Kolibri Kapital, Oikocredit, Incofin, Triple Jump, Loc Fund, Financiamiento Capital (+) SAFI S.A., Fundapro, Banco Interamericano de Desarrollo (BID), Fortaleza SAFI S.A. Microfic and Fossekallen Forvaltning S.A.