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.
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.
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.
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.
On October 12, 2017, FINCA Impact Finance transferred all operations and ownership of FINCA Russia to Mikro Kapital Sàrl, a Luxembourg-based financial institution.
FINCA Tanzania and Halotel launch HaloYako — a first of its kind mobile savings product September 5, 2017 FinTech, Milestones, Partnerships FINCA Microfinance Bank Tanzania, in partnership with the mobile
FINCA launches Pakistan’s first ever free digital wallet SimSim which will enable smartphone users to instantly open an account with FINCA and transact digitally.
FINCA, the global institution that pioneered Village Banking and helped prove the sustainable microfinance model as key to economic development, announced the launch of FINCA Impact Finance.
FINCA Kosovo, the country’s largest microfinance organization, announced it received the Client Protection Certification by Smart Campaign.
On November 10, 2016, FINCA Microfinance Holding Company transferred operations and ownership of FINCA Mexico to Te Creemos, a leading majority Mexican-owned deposit taking microfinance institution.