In May, FINCA Armenia updated its popular Online (OLA) platform, making it even easier for clients to apply for loans. The new features not only make it more convenient to apply for loans but make loan processing times more efficient.
FINCA Afghanistan’s women-only bank branch is featured as a business case in a brief developed by the Arab Women’s Enterprise Fund (AWEF) for their AWEF Learning Series in partnership with The SEEP Network.
FINCA Kosovo developed the Loan for Women Entrepreneurs in Business and Agribusiness specifically to help women grow and scale businesses. Since launching more than a year ago, the business loans for women have made positive social and commercial impacts, making the case for why financial institutions should emphasize outreach to women clients.
New FIF White Paper looks at successful efforts by FINCA DRC to create new products and delivery channels that emphasize outreach and efficiency. FINCA DRC is building even closer relationships with clients while increasingly utilizing digital channels.
Fintech and digital financial services have made banking possible for more people around the world. But while bank accounts and digital payments are more available, for many entrepreneurs in low-income countries, getting a loan is more difficult. Psychometric credit scoring can help.
Despite increased financial access overall, the gender gap hasn’t changed much since 2014. And while fintech has potential to empower women, fintech and financial inclusion for women don’t necessarily go hand-in-hand. In a recent op-ed, Caren Robb discusses ways that financial institutions can promote gender-equitable financial inclusion and close the gender gap.
An external financial crisis required FINCA Azerbaijan to transform its business model. Now a scaled-down, more efficient operation, it will expand financial inclusion through a combination of branches and digital banking channels.
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.
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.
GBP 800,000 in funding will support upgrading FINCA Zambia’s agent banking network, reaching underserved population segments through financial technology innovation. The project will expand the agent network while evolving its business model to better meet the needs of customers.
FINCA Impact Finance has entered into a USD 20 million loan facility with the BlueOrchard Microfinance Fund (BOMF) and Microfinance Enhancement Facility S.A., SICAV-SIF (MEF). The facility will help FIF better manage liquidity throughout its global network of 20 microfinance banks and institutions.