FINCA Tajikistan rolled out an initiative that uses Digital Field Automation (DFA) to make applying for a loan easier for rural residents. DFA is a tablet-based tool that enables Client Relationship Officers (CROs) to conduct the loan application process in the field – in the customer’s home or at their place of work.
On the latest ‘Around the Coin’ podcast, FINCA Impact Finance President and CEO Andrée Simon discussed with host Faisal Khan how despite all the progress financial institutions have made in delivering financial products and services to more people globally.
Does providing women access to finance play an effective enough role in empowering women politically or is there another way forward?
Success did not happen for Tamar and Goderdzi overnight, nor did it come easily. Their business achievements are the fruits of their hard work, perseverance and multiple FINCA business loans.
In its recently released 2018 Annual Report, FIF provided an update of its 2.0 strategy that involves shifting to a “touch-tech” service delivery model
FINCA Impact Finance’s (FIF) microfinance subsidiary in Malawi, announced that it has secured a $1.5 million USD loan facility with a four-year tenor from the Belgian Investment Company for Developing Countries (BIO).
As part of its network-wide digital transformation, FINCA DRC rolled-out ‘CLICK’, a new financial product that empowers users to take control of their finances.
Agency and mobile banking are effective channels for delivering critical services in markets beset by political and economic upheaval and provide effective means for bringing FINCA Impact Finance closer to where its customers work and live.
Mobile money agents (MMAs) form the backbone of inclusive finance, bringing financial services closer to the unbanked and offering people the ability to move between cash and electronic currency at will. However, agents don’t always have enough resources at their fingertips.
In a recent article published on Forbes.com, FINCA Impact Finance CEO Andrée Simon cautions that the ease of access to finance that fintech provides can also exacerbate indebtedness among borrowers in certain unbanked and under-banked communities.
In a recent online article published by Forbes, FINCA Impact Finance CEO Andrée Simon discusses financial inclusion and how the company seeks to balance the utility of fintech innovation with social impact.