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.
News & Insights
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.
FINCA Georgia Becomes a Bank
FINCA Georgia’s more than 45,000 current clients will now be able to access savings products, as will other Georgians who may not have a safe place to save.
FINCA expands in Pakistan
FINCA’s life-changing microloans and other products and services are now available to the hardworking women and men in Pakistan. Like people other countries in which FINCA works, from Guatemala to Tanzania, Pakistan’s poor struggle on a daily basis to escape poverty.
Media Coverage
The Telegraph
The women-only bank that could help Afghanistan’s economy recover from coronavirus
July 20, 2020
The SME Finance Forum
Microfinance Institutions vs. COVID-19: The Real Asset Lies in the Global Networks
July 8, 2020
Global Banking & Finance Review
The importance of digital microfinance for emerging markets in a COVID-19 world
June 24, 2020