FINCA's Rupert Scofield interview with Credit Suisse

FINCA President & CEO Rupert Scofield was invited to sit down with Credit Suisse recently to participate in an interview in which he shares his views about the future trends and opportunities in microfinance and social entrepreneurship, and the important roles all stakeholders can play in their successful development.

"Microfinance was the response to a major market failure: the inability of low-income entrepreneurs in developing countries to obtain loans to finance their businesses. Microfinance is a classic example of traditional business practices addressing social issues in a way that is both scalable and sustainable. At FINCA, we now have $500 million in loans-outstanding to over 900,000 low-income micro-entrepreneurs on five continents, and we’ve created over 8,000 jobs..."

Read the entire interview here >>

Citibank Staff Provides Training for FINCA Jordan Clients

Staff members of FINCA Jordan were recently joined by a group of Citibank employees at the Deir Alla branch to conduct training for clients designed to enhance their business management skills, and advise them in areas of personal financial management, marketing and product development.

The FINCA Jordan clients own small and medium businesses primarily focused on traditional handicrafts, construction and agricultural services like livestock production. Several have been winners of Citi’s Micro-Enterprise Awards.

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Microfinance CEO Working Group Update

The founding members of the Microfinance CEO Working Group, which includes the CEOs of pioneering microfinance organizations ACCION, FINCA, Freedom from Hunger, Grameen Foundation USA, Opportunity International, Pro Mujer, VisionFund International, and Women’s World Banking, have just released the “Road Map for the Microfinance Industry: Focusing on Responsible and Client-Centered Microfinance.”

This document outlines the Working Group members’ vision for the positive evolution of the microfinance field, and underscores their commitment to raising industry standards, starting with their own.

Read more here >>