Lending partner: FINCA


FINCA is one of the largest and most respected microfinance institutions in the world.
The Foundation for International Community Assistance (FINCA)

Founded in 1985, FINCA‘s mission is to alleviate poverty through lasting solutions that help people build assets, create jobs, and raise their standard of living. Village Banking, a form of microlending, was pioneered by FINCA. It is economic democracy in action.

A Village Banking group is a support group of five to twenty members – usually women – who meet regularly to gain access to three essential services:

  • small self-employment loans to start or expand their own businesses,
  • an incentive to save, and a means of accumulating savings, and
  • a community-based system that provides mutual support and encourages personal empowerment.

FINCA currently reaches its nearly two million borrowers – over half of them women – through 23 subsidiaries in Africa, Eurasia, the Greater Middle East, South Asia, and Latin America. FINCA manages the activities of its subsidiaries through FINCA Microfinance Holding Company, LLC, a first-of-its-kind, socially responsible investment partnership for microfinance.

In all of its efforts, FINCA adheres to strict standards for protecting its borrowers. Together with other leading microfinance institutions worldwide, FINCA recently drafted and endorsed a statement in support of the Smart Microfinance Campaign, a core set of borrower protection principles to help microfinance institutions practice good ethics and smart business. These pro-borrower codes of conduct and practices include avoidance of over-indebtedness, transparent and responsible pricing, appropriate collections practices, ethical staff behavior, mechanisms for redress of grievances, and privacy of borrower data.

FINCA has also been at the forefront of developing and maintaining social performance indicators that promote and measure the social performance outcomes of its programs.

Read more about FINCA at FINCA.org.