FINCA is a catalyst for economic inclusion for the poor. Individuals living in some of the world’s most challenging economies have long been unbanked. They live without access to critical financial tools that enable progress toward a better life. They not only need access to financial services, but they have the right to those services along with affordable products that save them time and money, make them healthier, more resilient and empowered.
As the founder and owner of a network of 21 microfinance institutions across Africa, Eurasia, Latin America, the Middle East and South Asia, FINCA serves the “unbanked” by providing access to basic financial services and enabling full participation in the economy for the poor. FINCA has now gone beyond traditional microfinance by leveraging the latest technologies in mobile banking to better reach low-income entrepreneurs with micro and small business loans, credit lines, savings and more. Combined with its unique Village Bank “group loans” and its 10,000+ local staff across diverse and remote communities, FINCA is expanding through new social enterprises that provide access to critical products like solar lanterns, water filtration systems, and cookstoves.
With more than 30 years of experience trusting the poor, FINCA has shown that access to basic financial resources can change lives, sustain communities, and fight poverty. By investing in social impact businesses and other market-based solutions, FINCA is enabling more people to find jobs. More women are starting their own businesses, and more people are buying the life-changing goods they need to enjoy clean energy and drinking water.
The positive effects of these advances are compounded through a ripple effect on families, communities, and even entire nations.