FINCA DRC announced a USD 8.5 million long-term subordinated loan facility with KfW, the German state-owned development bank. The facility will enable FINCA to advance its digital transformation and broaden its offering of innovative financial products and services.
News & Insights Related to Financial Inclusion
Business Loans for Women Headline Gender-Sensitive Finance Strategy
FINCA provides business loans for women entrepreneurs along with other gender-sensitive finance services to help close the gender gap in financial access. In 2018, the company opened a women-only bank branch in Afghanistan and launched a new loan for women entrepreneurs in Kosovo.
FINCA Helps Launch Global Guidelines for Responsible Digital Finance
Improved risk management is necessary to achieve responsible financial inclusion. That’s why FINCA Impact Finance joined an alliance of over 50 fintech investors and digital finance innovators in launching the Guidelines for Investing in Responsible Digital Financial Services.
FINCA Provided Responsible Finance to 27% More People in 2017
2017 was a turnaround year for FINCA Impact Finance. The company returned to profitability while launching new initiatives in client protection, Fintech, mobile banking and data analytics, among others.
For Responsible Financial Inclusion, We Need to Encourage Saving
When used intentionally, Fintech innovation can help encourage saving. In Tanzania, FINCA launched HaloYako, a mobile banking product that allows clients to open a savings account in minutes–and manage their savings entirely virtually.
Fintech Innovation Helping Expand Financial Inclusion in Pakistan
FINCA Impact Finance is using Fintech innovation to expand financial inclusion in Pakistan, a country where only 21% of adults have a formal bank account. In 2017, FINCA Pakistan launched SimSim, a free mobile e-wallet that already has more than 170,000 users.
Deetken Impact Provides Loan to FINCA Haiti SA for On-lending to Micro and Small Businesses
Deetken Impact will provide a USD 1 million loan to FINCA Haiti SA for on-lending to individual, micro, small- and medium-sized businesses. The funds will support FINCA Haiti SA to grow its network of branches and digital financial services, including gender-sensitive financial products.
How FINCA is Leveraging Fintech Innovation for Financial Inclusion
FINCA Impact Finance is using Fintech innovation to break down barriers to financial inclusion—at the same time, it’s ensuring those technologies deliver impactful and responsible financial services to empower entrepreneurs and communities across the globe.
FIF Subsidiary in Pakistan Partners with Karandaaz on Digital Financial Services
FINCA Microfinance Bank Limited announced a strategic partnership with Karandaaz Pakistan to expand responsible finance by enhancing delivery of digital financial services. The partnership will target women entrepreneurs engaged in micro and small-business activities.
The Grameen Crédit Agricole Foundation and CoopMed provide landmark loan to FINCA Jordan for on-lending to micro and small businesses
The Grameen Crédit Agricole Foundation will provide a USD 2 million loan to FINCA Microfinance Company Jordan (FINCA Jordan), a FINCA Impact Finance subsidiary, for on-lending to individual, micro, small and medium-sized businesses.
Article: A Customer-Centric State of Mind
In a new article, Sergio Alguacil-Mallo discusses FINCA Impact Finance’s innovative strategy for delivering a positive customer experience (CX). FINCA is constantly innovating to remain a leader in responsible financial services.