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FINCA's History: 1990-1995, Village Banking Expands to Africa and Eurasia

Finding Fertile Ground for Village Banking in Africa and Eurasia

FINCA Kyrgyzstan Client

  • FINCA enters Africa, the continent most affected by severe poverty, opening a Village Banking program in Uganda. Demand for FINCA loans is great.
  •  FINCA enters the former Soviet Union, opening a Village Banking program in Kyrgyzstan. Despite widespread unemployment, lack of familiarity with entrepreneurship, and an economy in which credit is virtually unknown, FINCA succeeds at stimulating the economy at the grass roots.
  • By the end of its first decade, FINCA serves nearly 58,000 families on three continents.