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.
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 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 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 Tanzania has become the first microfinance institution in the country to transform from a non-regulated organization to an entity regulated by the Bank of Tanzania. This change in status will make it possible for even more Tanzanians living in rural areas access to formalized banking services.
FINCA International (FINCA), one of the world’s largest microfinance organizations with more than 25 years of proven success, confirmed that final funding is in place for its new subsidiary FINCA Microfinance Holding Company LLC (FMH).