FINCA and First Access, whose technology predicts the credit risk of borrowers in informal markets, announced a new collaboration that will create the largest and most sophisticated alternative credit-scoring approach by a microfinance institution in the world.
FINCA Bank Georgia announced it has received Client Protection Certification by the Smart Campaign, a global initiative that certifies the adoption of high ethical standards in the treatment of clients in the microfinance industry.
FINCA is pleased to announce the promotion of Andrée Simon to Co-CEO of FINCA Microfinance Holding Company. Ms. Simon will lead strategy, operations, and the implementation of a host of digital and mobile enhancements that represent the next generation of essential financial services for people in developing economies.
FINCA’s newest subsidiary, FINCA Microfinance Bank Ltd. in Nigeria, surpassed USD 1 million in small loans to microenterprise and small business owners within its first six months of operation.
PROPARCO became FINCA’s newest financial partner, providing a local currency credit line valued at EUR 11.5 million to FINCA Azerbaijan for on-lending to small business owners so they can increase income and create jobs.
FINCA Kyrgyzstan is pleased to announce its Client Protection Certification by the Smart Campaign, a global initiative promoting the adoption of high ethical standards in the treatment of clients in the micro financing industry.
FINCA officially launched the first branch of FINCA Microfinance Bank Ltd, in Owerri, Imo State, Nigeria. Thousands of unbanked and under-banked Nigerians to benefit from services.
FINCA Azerbaijan announced that it has reached agreement on a USD 30 million multi-currency syndicated loan facility arranged by the FMO with participation of the OeEB, with each institution contributing USD 15 million.
In a ceremony held March 14, 2014, the Overseas Private Investment Corporation, the U.S. government’s development finance institution, recognized the closing of a $45 million loan to the FINCA Microfinance Holding Company LLC (FMH).
Six months after closing the deal that gave FINCA a majority stake in the bank formerly known as KMBL, new signs and billboards unveiled FINCA Microfinance Bank Ltd. in 50 cities across the Punjab.
Celebrating almost two full years of successful operations as the world’s first-of-its-kind socially responsible global microfinance investment holding company, FINCA Microfinance Holding Company LLC (FMH) recently completed a second-round capital raise of $48 million.