Invested through	Triodos Microfinance Fund Triodos Fair Share Fund Triodos Multi Impact Fund Triodos Impact Strategy Fund - Defensive Triodos Impact Strategy Fund - Balanced Triodos Impact Strategy Fund - Offensive Triodos Impact Strategy Fund - Dynamic
Asset Classes	Private debt
Impact strategy	Financial Inclusion
Number of borrowers reached	44,699
Female borrowers	50%
Rural borrowers	78%
Aligned with SDGs

Asociacion Fondo de Desarrollo (FDL) is one of the largest microfinance institutions in Nicaragua. Its aim is to improve the social and economic position of low-income groups, especially in rural areas.

By focusing mainly on rural areas, FDL is able to make a tangible contribution to the development of Nicaragua, which is among the poorest countries in Latin America. FDL also provides special ‘green loans' to farmers to enable them to conduct their business in a more environmentally friendly manner.

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Impact Equities and Bonds

The SDGs mentioned in the company sections are linked to the (main) transition theme that the company contributes to, not directly to its products or services. Refer to the Sustainability Annex in the prospectus for more information.

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