FINCA's History

Key Turning Points in FINCA History

Key Turning Points in FINCA's history

1984: Where Village Banking began
1985 -1990: Lending to Women in Latin America
1991 - 1995: Finding Fertile Ground for Village Banking in Africa and Eurasia
1996 - 2000: New Economies, New Ways of Doing Business
2001 - 2004: Financial Institutions for the Poor
2005 - today: “Microcredit” Becomes a Household Word
2010: FINCA Celebrates 25th Anniversary
Key Turning Points at a glance...

Detailed History of FINCA

A Detailed  history of FINCA

In 1984, while working in a USAID project with farmers in Bolivia, John Hatch conceived a small loan program for low-income farmers that put them in charge. The program allowed them to obtain loans without collateral – their main obstacle to accessing credit – at interest rates they could afford. It brought groups of neighbors together, giving them the power to collectively disburse, invest and collect loan capital as they saw fit. His program became known as “Village Banking.”

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John Hatch and FINCA

John Hatch and FINCA

Dr. John Hatch is the founder of FINCA and the creator of Village Banking—a unique and influential method for delivering small loans, savings, and other financial services to the poor worldwide. During his early career, Hatch served with the Peace Corps in Colombia, and as a regional director in Peru. As a graduate student, he won a Fulbright grant to conduct research in Peru, where he spent two crop cycles...

 

 

FINCA is a non-profit, tax-exempt charitable organization under Section 501(c)(3) of the
United States Internal Revenue Code. Donations are tax-deductible.
Our tax ID number is 13-3240109. ©2014

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