FINCA is a trusted partner in catalyzing economic growth and alleviating poverty.
Poverty’s many challenges are interconnected, and so are the solutions. FINCA International, a Washington, DC-based not-for-profit organization, is working to advance market-based solutions to poverty.
We believe we can break down the vicious cycle of inter-generational poverty by creating economic justice and financial inclusion for all. We believe that we can, together, create transformational social impact that will help our fellow humanity to achieve a better standard of living. There are five reasons why FINCA can help make this a reality:
1. A Trusted Brand
Millions of the world’s poor trust in FINCA, because FINCA trusts in them. We stand in the trenches with our clients, trusting those whom others have turned away. Likewise, clients know that FINCA has their wellbeing in mind, and they trust us to serve them responsibly.
With more than three decades of experience, the FINCA name has become synonymous with warmth, trust and responsible banking. The tiny seedling at the base of the FINCA logo symbolizes access to financial services and other life-enhancing products. These market-based solutions in turn enable the world’s poor to achieve their dreams, under their own hard work and ingenuity. FINCA clients are growing businesses and building livelihoods that become vehicles of strength and opportunity, like a large and strong tree.
2. Market-Based Approach to Development
FINCA was founded in 1984 on a radical notion: giving small loans to the poor has the power to transform entire communities in a sustainable way. Our founders knew that if everyone could be included in the economy and gain access to the resources they need to be productive, lives would improve and communities would be stronger. With this thought, they helped pioneer the use of microfinance as a tool for economic development.
For over 30 years, FINCA has provided millions of low-income people access to small loans, savings accounts and other financial services they otherwise would not have. As a social enterprise dedicated to financial inclusion, our model offers a unique, bottom-up approach to market development.
And we’re proof that social enterprises work.
Now, we’re widening our focus to also support the rise of other social enterprises addressing pressing social issues. Together, we are enabling access to essential services in a variety of sectors, including clean energy, water and sanitation, education, health care and agriculture.
Social performance and impact measurement underpin our work in microfinance and social enterprises. Using rigorous, customer-driven research methodologies, we are committed to measuring and ensuring a positive impact on the people we serve.
3. Global Presence
FINCA International is the majority shareholder in FINCA Impact Finance. This global network of community-based microfinance institutions and banks spans five continents. With 2,000 service outlets, FINCA is able to serve nearly two million low-income clients each year.
Combined with investments in social enterprises across sub-Saharan Africa, our outreach is among the broadest and most comprehensive. FINCA operates in some of the most challenging developing markets, and has proven itself resilient and committed to serving the needs of the global poor.
Throughout the years, FINCA has partnered with numerous public and private sector organizations. Together with the support of countless individuals, partnership is what has enabled FINCA to impact the lives of 39 million low-income people worldwide.
5. Local Leadership
The entire FINCA network consists of a mostly local staff of over 10,000 people. FINCA invests heavily in building local teams and developing talent. We empower our network to find innovative ways to reach and serve more marginalized communities around the world.