No single organization can solve today’s complex development challenges alone. To ensure sustainable progress, NGOs, funders, and businesses must work together to transform markets so that all stakeholders can earn a profit and all types of projects can be supported for maximum impact. 

To give us flexibility and agility, ACDI/VOCA has several affiliate organizations that share technical resources and on-the-ground presence to achieve the objectives of our diverse partners across a variety of funding sources.


ACDI/VOCA is a trusted implementing partner for the U.S. Government and responds to non-USG official development assistance (ODA) and host country government opportunities to foster broad-based economic growth, raise living standards, and create vibrant communities.

Tanager is an international nonprofit that connects people and partners—including foundations and corporations—to unlock the full potential for shared market opportunities.

AV Ventures provides innovative, catalytic financing to agribusiness-related small and medium enterprises.

Our affiliates, Tanager and AV Ventures, support projects funded through traditional US Government contracts and agreements as well as those funded by local governments, philanthropic organizations, corporate foundations, blended finance sources and impact investing. 

ACDI/VOCA also manages Fundación ACDI/VOCA Latin America as well as our network of affiliated financial institutions.

Fundación ACDI/VOCA Latin America (FAVLA) works with public and private entities to empower, transform, and generate opportunities for economic and social inclusion of people, communities, and organizations in Colombia and other countries throughout Latin America.  FAVLA capitalizes on ACDI/VOCA’s long history in Latin America and promotes alliances between public and private entities and communities, aimed at strengthening strategies that lead to the inclusive and sustainable development of countries in the region.  It is a non-profit registered in Colombia and based in Bogotá.  

To multiply resources for promoting inclusive opportunities and economic prosperity, and support the private sector and governments in fulfilling their mandate of creating social value through innovative practices.  

ACDI/VOCA LA advises and implements projects for private sector companies that generate social value and manage the risks of the impact of their operations on surrounding communities.



Beginning in 1992, ACDI/VOCA has established and developed rural and microfinance institutions in the Caucuses, Central Asia, the Middle East, and Latin America. The range of financial products offered—from individual and group loans to commercial banking services—demonstrates the depth of ACDI/VOCA’s commitment to promoting financial inclusion, particularly for the poor, women, youth, and rural communities.

These financial institutions began as USAID- and USDA-funded projects. ACDI/VOCA then continued to provide technical assistance and governance as these institutions grew. They have benefitted from ACDI/VOCA’s contributions as they developed managerial experience, implemented sophisticated operating systems, and expanded reach and coverage of financial services to clients.

In 2013, the financial institutions joined to form the ACDI/VOCA Affiliated Financial Institutions (AFI) Network. The mission of the ACDI/VOCA AFI Network is to strengthen, enhance, and extend the capability of member AFIs to provide reliable and market responsive financial services at the highest professional and ethical standards to underserved populations and businesses in the markets in which they operate. The network currently employs over 3,300 people and has over $480 million in loans outstanding to 320,000 clients, 60 percent of whom are women.

Bai Tushum Bank received a full banking license from the National Bank of Kyrgyzstan in 2012, distinguishing itself as the first microfinance institution in Central Asia to become a commercial bank. Products and services targeted to businesses, SMEs, and the general public include loans, deposit products, settlements, cash services, and remittances. The bank has a social mission to serve rural clients and combines this with excellent and consistent financial performance. With a portfolio exceeding $80 million and 24,000 clients (40 percent of whom are women), Bai Tushum Bank’s strong business model has attracted international investors, including Triple Jump, responsAbility, and Bamboo Finance. Read more:

MCA Financial Fund “BT Innovations” is a non-profit microcredit agency founded by ACDI/VOCA and Caritas Switzerland in 2000 under the name Bai Tushum Financial Fund. BT Innovations provides loans and equity investments of over $3.5 million to 150 Kyrgyz MSMEs (23 percent of which are women-owned). In addition, current borrowers receive financial literacy trainings, and women-owned SMEs are targeted for training and capacity-building services. ACDI/VOCA has maintained its relationship with the agency and remains its largest shareholder.

ACDI/VOCA created Frontiers in 2003 under the USAID Central Asia Microfinance Alliance (CAMFA) project. Frontiers is an apex lender, with the mission of providing wholesale loans to small microfinance institutions in Kyrgyzstan, Kazakhstan, and Tajikistan in order to stimulate economic development and job creation. It currently lends approximately $10 million to over 65 client financial institutions. Frontiers also has a significant equity position in Arvand, a microfinance lender in Tajikistan. Frontiers is a wholly owned subsidiary of ACDI/VOCA. Read more:

The microcredit organization KazMicroFinance (KMF) is the largest micro-finance institution in Central Asia. KMF provides individual and group loans to micro and small businesses and serves the general population with financial services. It was established in 2006 as a for-profit subsidiary of the nonprofit microcredit organization Kazakhstan Loan Fund (KMF Demeu) to serve women entrepreneurs and small businesses. KMF has a loan portfolio of over $350 million and serving 254,000 clients (66 percent of whom are women). KMF has equity investments from responsAbility and Triodos. Read more:

ACDI/VOCA established the Kazakhstan Loan Fund in 1996 under the USAID Kazakhstan Community Loan Fund project to provide microfinance loans. In 2006 the loan fund established KazMicroFinance (KMF) as a for-profit microfinance lender and transferred its growing microfinance portfolio to KMF. The Kazakhstan Loan Fund was transformed into KMF Demeu, which has a mission to support financial education and charitable activities. KMF Demeu has provided financial literacy training to over 6,000 entrepreneurs and 140,000 retail clients. Read more:

Microcredit Deposit Organization (MDO) Arvand is a limited liability company established by the MicroInvest in 2008, with additional equity funding from Frontiers. Arvand provides individual and group loans to women entrepreneurs and micro and small enterprises located in rural and peri-urban areas of Tajikistan. It also provides deposit and remittances services. MDO Arvand has a loan portfolio of over $35 million, and over 42,000 clients. In 2019, Arvand received a full banking license from the National Bank of Tajikistan. Arvand has received equity investment and technical assistance from international investors, including Triodos and Incofin. Read more:

ACDI/VOCA founded the microloan fund MicroInvest as a nonprofit financial institution in 2002 with the mission to promote economic stability and food security in the Fergana Valley Region of Tajikistan. In 2008 MicroInvest established Arvand, a microcredit deposit organization, to transition its microfinance lending activities to a company that could raise new financing and offer more products and services. MicroInvest remains a significant shareholder in Arvand. MicroInvest currently provides over $300,000 in  consumer loans to over 400 clients,  and promotes financial inclusion with financial education training for its clients. Read more: