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.
News & Insights
FINCA Bank Georgia Receives Smart Certification for Client Protection
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.
Andrée Simon Promoted to Co-CEO of FINCA’s Global Microfinance Network Alongside Microfinance Pioneer Rupert Scofield
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 Surpasses $1M in Loans to Microenterprise and Small Business Owners in Nigeria, Within 6 Months of Opening for Business
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 Helps FINCA Expand Lending to Micro Entrepreneurs and Small Business in Rural Azerbaijan
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 Certified by the Smart Campaign
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 Launches Operations in Nigeria
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.
FMO Arranges USD 30m Loan Syndication to FINCA Azerbaijan
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.
OPIC Provides Groundbreaking Loan To FMH
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).
FINCA Officially Launches Bank in Pakistan
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.
FMH Receives Second Round Of Investment
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.
Media Coverage
Forbes
How This COO, Through Her Many Pivots, Has Helped Underserved Entrepreneurs Succeed
October 15, 2020
Daily Times of Pakistan
FINCA Microfinance Bank participated in the 13th Annual Mobile Commerce Conference
September 21, 2020
MicroCapital
MICROCAPITAL BRIEF: Banque Nationale de Crédit Lending $890k to Microfinance Institution FINCA Haiti to Support Microentrepreneurs, Small Businesses
September 3, 2020
FinDev Gateway
FINCA Malawi Receives Initial Disbursement of a $1.5 Million Loan Facility From BIO
August 12, 2020