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.
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
IFC and The MasterCard Foundation announced a cooperation agreement with FINCA DR Congo valued at $1 million to expand access to credit and digital financial services for low-income people and small-scale entrepreneurs.
In August 2016, FINCA, a leading global microfinance and social enterprise network, and Entrepreneurial Finance Lab (EFL), an alternative credit scoring company, partnered to improve individual lending and expand access to financial services in Latin America.
FINCA and First Access, whose technology predicts the credit risk of borrowers in informal markets, announced a new collaboration that will create the largest and most sophisticated alternative credit-scoring approach by a microfinance institution in the world.
FINCA Azerbaijan announced that it has reached agreement on a USD 30 million multi-currency syndicated loan facility arranged by the FMO with participation of the OeEB, with each institution contributing USD 15 million.