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 a core part of its planning strategy, the Falcon program aims to identity and develop high-potential employees at FINCA Impact Finance.
FINCA Armenia joins FIF subsidiaries in Ecuador, Georgia, Kosovo, Kyrgyzstan, Nicaragua and Pakistan in receiving Certification from the Smart Campaign, a global initiative promoting prudent, transparent and respectful treatment of clients. It is the first institution in Armenia to be certified.
FINCA Impact Finance opened its doors in Kosovo in 2000 to advance the mission of expanding financial inclusion to help individuals, families and communities recover from the war. This year FINCA Impact Finance won the Silver Telly Award for Rebuilding Kosovo: One Loan at a Time, a video highlighting the role of financial inclusion in the country’s recovery.
2017 was a turnaround year for FINCA Impact Finance. The company returned to profitability while launching new initiatives in client protection, Fintech, mobile banking and data analytics, among others.
FINCA Microfinance Bank Limited announced a strategic partnership with Karandaaz Pakistan to expand responsible finance by enhancing delivery of digital financial services. The partnership will target women entrepreneurs engaged in micro and small-business activities.
Since its launch in 1993, Banco FINCA Ecuador has been a leader in the country’s responsible finance sector. The Smart Campaign recognized Banco FINCA Ecuador for consistently upholding the highest client protection standards.
FINCA Malawi and KfW signed a USD 3.4 million debt facility. FINCA Malawi will use the facility to digitize and broaden its financial products and services.
On December 20, 2017, FINCA Jordan received a microfinance license from the Central Bank of Jordan. It becomes the first microfinance institution to be fully licensed and regulated by the Central Bank under licensing requirements introduced in April 2016.
FINCA Microfinance Bank announced the registration of a USD 14 million bond, furthering its strategy to promote financial inclusion.
FINCA Kosovo, the country’s largest microfinance organization, announced it received the Client Protection Certification by Smart Campaign.