News
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Warsaw, March 2008 – MDF Representatives participated at the 5 th SPM working group meeting organized by Micro Finance Centre (MFC) from Poland. That was closing meeting of Regional SPM working group, which were formed in the beginning of 2006, with the purpose to initiate SPM introduction into MFIs in several country members. In general, all participants tried to summarize their achievements, as challenges and success factors related to their SPM institutionalization process.
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MDF congratulates Professor Muhammad Yunus on 2006 Nobel Peace Prize.
Great recognition for Micro Credit!. All
news...
Mission Statement
Micro Development Fund is microfinance focused NGO established to support improvements in the social and economic living standards of economically active and poor people in Serbia.
Vision
MDF sees future where financial services are accessible to all entrepreneurs willing to work realizing their business ideas living in dignity and wellbeing.
Values
The following core values are incorporated in the MDF everyday work:
• The MDF staff promotes positive constructive attitudes being reliable,
dedicated, creative, participatory and self-motivating.
• The MDF is flexible to innovations and accepts the Long Life Learning
concept
• In its work, the MDF applies the best microfinance practices transparently.
• MDF is to assist its target group respectfully.
Governance
MDF governance includes the following levels of responsibility: Board of Directors; Supervisor, Executive Director; Program, Finance & Office managers and middle management consisting of Regional Managers at the field.
The Supervisor has independent control role and plays advisory role to the Board and the Executive Director. Internal Auditor controls internal systems and procedures of MDF and reports to the Director and the Board.
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to see our organizational chart.![]()


