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.
In a ceremony held March 14, 2014, the Overseas Private Investment Corporation, the U.S. government’s development finance institution, recognized the closing of a $45 million loan to the FINCA Microfinance Holding Company LLC (FMH).
Celebrating almost two full years of successful operations as the world’s first-of-its-kind socially responsible global microfinance investment holding company, FINCA Microfinance Holding Company LLC (FMH) recently completed a second-round capital raise of $48 million.