There are 18 registered microfinance Institutions operating in Liberia.  The sector is undercapitalized and predominantly operates in the Montserrado County area – close to the Liberian capital, Monrovia.  There is one international institution, BRAC Microfinance, which has extended outreach in a number of counties in Liberia.  The Network of Microfinance Institutions in Liberia (NEMIL) is the apex organization of MFIs in Liberia.