A 40-Year Commitment: FINCA’s Holistic Approach to Ending Poverty

Holistic Approach to Ending Poverty

For four decades, FINCA has remained dedicated to ending global poverty. FINCA employs a holistic approach to address the multifaceted nature of poverty effectively. By expanding our offerings to meet clients’ unique needs and challenges, we strive to help each individual reach their full potential.

Across our network, FINCA is constantly dreaming up innovative initiatives and programs to target our clients’ pain points best. And without exception, FINCA Uganda is leading the charge within the FINCA network in being the center of microfinance innovation.

FINCA Global CEO Andrée Simon and FINCA Uganda CEO James Onyutta sit on a speaking panel in Uganda.

Advancing Our Holistic Approach in Uganda

Over the years, FINCA Uganda has committed to improving the lives of those in poverty by providing services to individuals at the bottom of the economic pyramid. In Uganda alone, FINCA has supported over 530,000 individuals and their families, building a customer base of 150,000 clients—45.5% of whom are women. FINCA Uganda is intensifying efforts to further extend our reach through new initiatives to empower marginalized communities, including women, refugees, and people in rural areas.

During a recent press conference in Kampala, FINCA Global CEO Andrée Simon and FINCA Uganda CEO James Onyutta emphasized the importance of complementing access to finance with additional support such as financial education, technical assistance, and employment diversification. As Andrée Simon noted:

While microfinance is critical to creating opportunity for small entrepreneurs, its impact can be further magnified when combined with other types of support. That is why we are diversifying our offerings and partnering with other institutions that can provide additional services that provide holistic support to our customers.

FINCA Uganda has unveiled two blooming partnerships with local microfinance institutions, including PHB and Opportunity Bank, to further build momentum behind our efforts in uplifting small entrepreneurs into successful futures. Through this new project, FINCA Uganda not only aims to support Ugandan nationals but also to bring refugees out of poverty through a holistic approach involving financial education, employment training, and the creation of Early Childhood Development centers.

FINCA Global CEO Andrée Simon speaking about our holistic approach to microfinance innovation in Uganda.

Expanding Beyond Uganda’s Borders

While microfinance remains at the core of our mission, FINCA Uganda’s holistic approach opens up a new realm of opportunity and future growth for FINCA’s global network and the communities we serve. As Andrée Simon stated:

Uganda provides FINCA with the opportunity to develop new products and services that can then be deployed around the world. We want Uganda to be the centerpiece of defining the future of microfinance and challenging the old way of operating.

As the nature of poverty evolves, FINCA continuously adapts to innovative, sustainable solutions. By integrating our holistic approach in Uganda and beyond, we aim to redefine microfinance and fulfill our mission of ending global poverty. This holistic approach to ending poverty ensures we address the complex factors of poverty comprehensively, making a lasting impact on the communities we serve.