FINCA Impact Finance (FIF), a network of 20 microfinance institutions and banks, announced today that it has secured a $15 million loan facility with a five-year tenor from Calvert Impact Capital.
News & Insights Related to Financial Performance
FINCA Impact Finance delivers solid financial and social performance for second consecutive year
In its recently released 2018 Annual Report, FIF provided an update of its 2.0 strategy that involves shifting to a “touch-tech” service delivery model
Gender on the Agenda: Approaching diversity and inclusion with an eye towards the future
In 2018, FIF launched a diversity and inclusion (DI) strategy outlining 5 key pillars of focus for the company. These pillars emphasize an inclusive workplace, equal representation, equal opportunity, equal pay and increased outreach to women through specially-designed products and services.
FINCA Impact Finance Announces Caren Robb as Global Chief Operating Officer
Caren Robb will be responsible for overseeing the financial performance of FIF’s network of 20 community-based banks and microfinance institutions and the integration of digital technologies into its banking practices.
FINCA Impact Finance subsidiary in Armenia issues $2.8 million bond offering
The USD 2.8 million bond issuance will support on-lending to small businesses. It is the third successful bond issuance by FINCA Armenia since 2017.
FINCA Provided Responsible Finance to 27% More People in 2017
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.
Deetken Impact Provides Loan to FINCA Haiti SA for On-lending to Micro and Small Businesses
Deetken Impact will provide a USD 1 million loan to FINCA Haiti SA for on-lending to individual, micro, small- and medium-sized businesses. The funds will support FINCA Haiti SA to grow its network of branches and digital financial services, including gender-sensitive financial products.
The Grameen Crédit Agricole Foundation and CoopMed provide landmark loan to FINCA Jordan for on-lending to micro and small businesses
The Grameen Crédit Agricole Foundation will provide a USD 2 million loan to FINCA Microfinance Company Jordan (FINCA Jordan), a FINCA Impact Finance subsidiary, for on-lending to individual, micro, small and medium-sized businesses.
Article: The Future of Responsible Financial Services
In a new article, “The Future of Responsible Financial Services”, FINCA Impact Finance Vice President and CFO Roman Hingorani discusses the company’s innovative strategy for delivering a double bottom line of social impact and financial sustainability.