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.
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).
FIF Vice President and COO discusses for ValueWalk the how fintechs and financial institution can make a bigger impact in financial inclusion through outstanding partnerships
FIF announced a new partnership with the Business Continuity Institute to further develop its business continuity management (BCM) practices. The partnership will focus on safeguarding and ensuring availability of all FIF staff, assets, premises and all related business processes, as well as maintaining confidence on the part of FIF’s investors, partners, clients and staff.
Simon highlights FIF’s recent initiative by which FINCA Guatemala is partnering with Uber Guatemala to offer a cutting-edge loan product to local Uber drivers. FINCA Guatemala’s loan application form is directly integrated into the Uber online dashboard. This allows drivers to apply for a loan using only their driving history, and allows FINCA Guatemala to process loan applications in just hours.
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.
Fusion Risk will help FINCA Impact Finance ensure regulatory compliance and data management as it continues to implement digital innovations to improve efficiency and better serve its customers.
FINCA Uganda establishes a new fintech innovation partnership with SafeBoda to expand financial inclusion in Uganda. Motorcycle taxi riders will be offered access to mobile savings and credit products.
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.
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.
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.