The consolidated data from our investee portfolio reveals real advances — including 31% growth in outreach and a 42% increase in income for smallholder farmers — while also pointing to important dynamics shaping outcomes.
EXPLORE FINCA VENTURES 2025 IMPACT DASHBOARD
FINCA Ventures, FINCA’s impact investing arm, provides capital and hands-on support to innovative enterprises offering affordable, high-quality, and life-enhancing products and services across Sub-Saharan Africa in four critical resilience sectors: agriculture, health and wellbeing, financial inclusion, and education.
FINCA Ventures’ 2025 portfolio results tell a clear story: Our impact is measurable and growing. Across the portfolio, investees expanded access to financial services, increased smallholder farmer incomes, delivered clean water, and provided quality healthcare and education for millions of people.
While we celebrate these gains, this year’s portfolio data also highlights three key takeaways that are shaping our focus moving forward:
- Impact can scale rapidly through high-growth business models, but can create portfolio concentration.
- Depth of impact matters as much as outreach, especially in sectors like agriculture, where income gains and economic value transfer can tell a more meaningful story.
- Data quality and transparency are essential to understanding inclusion metrics, and more work is needed to encourage sex-disaggregated reporting across the development sector.
As of December 31, 2025, our 24 active investees are serving 16.8 million people — equivalent to reaching more than 200 individuals for every $100 invested. Our investees also increased smallholder farmers’ direct income by 42%. This evidence demonstrates the powerful role early-stage catalytic capital plays in expanding access to essential services at scale.
In 2025, a single high-growth fintech, Kuunda Digital — a B2B fintech providing embedded liquidity and credit solutions through partner networks — drove the majority of our portfolio’s outreach expansion, adding 5.1 million new users and accounting for 65% of the total people reached by all FINCA Ventures investees.
Excluding this outlier, total reach across the rest of the portfolio declined from 6.9 million to 5.7 million people, primarily due to the closure of one company.
This underscores a key dynamic in impact investing: Growth is rarely linear. With scale comes a risk of concentration, and concentration can introduce volatility in impact KPIs, often with real consequences for the people behind those numbers. By openly sharing our data trends, we aim to demonstrate the value that transparency can have for the sector as we collectively work to drive sustainable outcomes.
FINCA Ventures Portfolio ($6.4M) by Sector as of Dec. 31, 2025
People Directly Served (16.8M) by Sector as of Dec. 31, 2025
Driving Impact Across Four Resilience Sectors in Sub-Saharan Africa
1. Agriculture: Direct Payments from Investees Drive Higher Income for Farmers
Agriculture remains the backbone of FINCA Ventures’ portfolio, representing 46% of invested capital and demonstrating how a handful of portfolio companies can drive deep impact.
In 2025, our investees purchased $18.8 million in crops directly from farmers, a 42% increase year-over-year, despite reaching fewer total farmers.
East Africa Foods, an agribusiness that sources staple crops directly from smallholder farmers and aggregates them for urban markets, continued to be the main driver of progress in this sector. The company accounted for $10.3 million in total farmer purchases (55% of FINCA Ventures’ agriculture portfolio), with average annual earnings of more than $1,000 per farmer.
Across the portfolio, we see that every $1 invested in agriculture translates into more than $6 in farmer income. This reflects both the strength of investees operating across agricultural value chains and how catalytic capital can amplify impact by crowding in additional financing.
2. Health and Wellbeing: Accelerating Access to Essential Services
With one third of invested capital in the health and wellbeing sector, FINCA Ventures continues to back companies that are innovatively expanding access to critical health services for people living in poverty. Two companies with notable impact results in 2025 were Jibu and Elucid Health.
Jibu, a franchise-based clean water company, distributed more than 180 million liters of clean drinking water to more than 640,0000 people across 8 countries. The company supports more than 1,400 jobs across its network, employing more people than any other company in our portfolio.
Elucid Health, a health company that provides small-scale producers with essential healthcare services, nearly doubled its patient reach, from approximately 23,000 to over 40,000 insured individuals. The company, operating in Ghana, Côte d’Ivoire, Madagascar, Uganda, Ecuador, and Venezuela, also doubled the number of supported health facilities from 65 to 142 in 2025. Notably, 63% of Elucid’s patients are women, placing the company among the top performers on both reach and gender inclusion.
3. Financial Inclusion: Strong Scale and a Call for Better Data
The financial inclusion sector delivered the largest expansion in outreach across the portfolio — nearly doubling the number of customers served to 11.7 million people. This growth in people served was driven by Kuunda Digital adding 5.1 million new users in 2025.
Collectively, investees disbursed $1.27 billion in loans in 2025, holding steady from 2024 and showing that demand for digital financial services remains strong across underserved populations.
Here, our data also reveals a significant measurement gap. Reported participation by women stands at only 2%, largely due to incomplete sex‑disaggregated data available from investees. As a result, while the portfolio shows significant reach, we have limited visibility into other inclusion outcomes.
We are sharing this openly because it matters. Without consistent, disaggregated data, we cannot fully understand who is being served — or who may be left behind. Strengthening data collection, especially around gender and underserved segments, is a priority for FINCA and an opportunity for the broader ecosystem.
4. Education: Expanding Access
Our single education investee, Rising Academies, continues to scale its efforts, expanding its reach from 269,000 to 367,000 students and from 926 to 1,333 schools.
Education continues to be a priority area for FINCA Ventures as we look to grow our portfolio within this sector.
By sharing both markers of progress and areas for growth, FINCA Ventures aims to encourage a more informed dialogue about what sustainable impact looks like in practice.
