Since his early childhood, Armen dreamed of producing his own chocolates. His dream later became a reality. Today, Armen together with his dedicated team of about 10 people never ceases in continuously surprising his clients with his chocolate confectionery masterpieces.
Reaching and serving the unbanked has become even more successful with the new alternative delivery channels that FINCA has been introducing in the last couple of years.
Eucharia Nwanguma, a widowed mother of six children had been selling yams and groundnuts with her late husband in the Onuwa Market in Owerri. Her husband would travel by road on long 14-hour journeys to northern Nigeria to purchase yams and groundnuts to sell.
Microentrepreneurs around the world are lifting themselves out of poverty... but they often don't have a safe place to save their money. FINCA Zambia is one of the countries that offer savings accounts for their clients.
"My business is more profitable now, and I am glad that FINCA is my partner. I am already thinking what other produce I can add to my business with my next loan."
Molly was among the first recipients of a solar lantern from FINCA, and she has become a strong champion for clean energy. She talks often of the benefits of solar, but all she needs to do is flick a switch for people see what a difference it can make!
With no income of her own, Joyce, along with her two teen-aged children and her elderly parents, faced a bleak future of hunger and homelessness. Determined to protect her family, Joyce took out a loan of $121 and started a small used clothing business.
"Because of FINCA, (my) business has grown, and if you (ask) around Upanga, everyone knows this place ... and I have never had any complaint about the food!"
Maria had a small vegetable stand in Tres Marías, Mexico, but she knew she did not have enough capital to invest in the business and expand its offerings.
Madina Namanda is a long-time FINCA client and a shining example of how the right combination of hard work, business instinct and access to financial capital can lead to great success. The mother of four owns and operates a thriving wholesale, commercial pineapple plantation in Uganda.
Not long ago, my son Mateo was playing soccer with his cousins and, unfortunately, broke his leg. In that moment, I was desperate because I didn’t know how I would pay the hospital because I had no money.
When Rosa León Martínez first came to FINCA, she and her young children were struggling to get by. Rosa owned a small ceramic business, but, without the necessary capital, was unable to make a profit and get ahead.
Rashid Ali describes growing up in a very poor household where his father struggled to support the family. Even though he was a good student, Mr. Ali decided to drop out of school and help his father.
After 25 years, Josefina and the other women involved in the bakery faced an increasingly difficult financial situation. Thankfully, Josefina connected with FINCA Mexico officers who provided a small group loan that kept Panadería Chazumba afloat.
Titiwa is excited, not worried, because her business is booming. She is already talking about her next loan. She wants to open another store in a different market, selling the same products. Titiwa knows her business and, with a little help from FINCA, she is confident of success.
Higmatulo appreciates the support he receives from FINCA, and plans on borrowing more in the future. “I am very proud that we don’t have to rely on the income from my son who works in Russia as our only income. With the help of FINCA loans, I’m able to provide all that my family needs.”
"I am proud to be a FINCA client, and I love what FINCA has done for me and for other Haitian women. FINCA has helped me make a much better life for my family, and give my children a chance for a better future. Thank you FINCA!"
I used my first FINCA loan to buy a sewing machine. The sun of luck started shining on the windows of our house! I kept on asking customers to bring clothes for me and I worked hard and tirelessly to take a share in feeding my small brothers and sister as an elder member of the family.
Sabina Aguilar and her husband live in Oaxaca, Mexico where they have been hand crafting woven hats their whole lives. Sabina and her husband support themselves weaving these hats, yet for many years they struggled to advance within the profession and turn a profit.
Lala is very pleased with her experience with FINCA and proud of the changes it has helped make possible for her family. She says, “My FINCA Georgia loan makes it possible for me to grow more kinds of crops to sell, and to save some money, which was hard to do before."
Victoria's energy and determination combined with FINCA loans allowed her to improve her home, help her younger sister through college and acquire other property that provides her rental income. "I'm a landlord now! Can you imagine?"
Becoming financially independent is one life's greatest challenges. But at 60 years old Naema embodies the entrepreneurial spirit that, with the right support, can transform lives. "FINCA has been so good to me! Not only are they respectful, but they have given me what I need to make my business grow!"
"I’m so proud to be part of FINCA family, and I believe without FINCA loans, my family life wouldn't be the way it is today. Every member in my family is proud to be part of FINCA because they cherish our success.”
Nasario Vasquez Hidalgo and his wife Yolanda Velásquez have a goat farm in rural Mexico. They have always loved the countryside, but resources, especially financial services, are often limited in such remote sites.
Mrs. Bushra Rasheed describes our Bank as her safe harbor in the deep ocean that life can sometimes be. A few years ago, Ms. Rasheed’s life was very challenging. Her husband and his new wife took everything that Mrs. Rasheed owned, leaving her to raise four children on her own.
Angelina, FINCA Zambia education entrepreneur, used her first loan to purchase school supplies for her pupils. Subsequent loans have allowed Angelina to purchase furniture and open a shop nearby.
Florence is very proud and happy that, thanks to FINCA loans, she was able to send her children to better schools and then on to university. She was able to build a larger house for her family and also build a small house for her ailing mother in her home village.
By focusing on her goal, Nazakat achieved it. Even though she always knew she needed to rely on her own skills and hard work, she says she’ll never forget the close working relationship she has with FINCA, and the support they've provided on her road to success.
Remembering how hard life was when she started her business, Nicolasa is very grateful for the transformations FINCA has made possible for her family. She is very proud that one of her daughters is already attending university. “FINCA helps the neediest women in Nicaragua, no matter the size of their business.”
With a FINCA loan, Hermilia and her husband have begun crafting their own designs for their jewelry business. With the additional profits they are able to send their child to school, which they are certain will create a brighter future.
“From deep down in my heart, I can say that FINCA has helped a lot. At first, I was nobody. But now I can buy what I want, continue to pay school fees for my youngest daughter, and help my parents, especially my old mother.”
"I have a lot of customers at my shop who are in a difficult situation. I try to help them as I can; I counsel them about FINCA loans, and help them create their own FINCA solidarity groups. Many of them have received FINCA loans on my recommendation and have been able to start a new life as a result. I would not have this success without FINCA."
Sabrije joined FINCA Kosovo Temaj Village Banking group to help expand her embroidery business. Since then her business is growing steadily and becoming more profitable. She plans to continue her relationship with FINCA to help create a better future for her children.
Thanks to FINCA loans, Ana's family now eats a more balanced diet. Ana's younger children have all the books and supplies they need and she is helping her older children pay for trade schools. Two daughters help her with the cheese business so they have the freedom of their own spending money.
“FINCA Haiti is my father and my rock!” Chriselia is proud that she can provide a better life for her children with her earnings, and can care for her aging mother and support four of her siblings. Her long-term goal is to purchase the building that houses her restaurant so she can continue expanding her business.
Catarina is proud to report that, as a result of taking out her Village Bank loan, she and her husband have increased their production two-fold, making it possible for them to continue to work to expand their weaving business.
"I thank God and FINCA for the loans I have been granted through the Buen Pastor Village Banking group. I am improving my businesses and ensuring that my children can get ahead by going to school. I can neither read nor write, so I want them to learn, and when they grow up, to remember me and the efforts I made for them."
Maria Lucia Potosi Ramirez is married and the mother of five children. She has spent her life knitting beautiful wool sweaters and selling them in the local market. "I'm so grateful because FINCA trusted me. Now I can improve my life and the life of my family."
Thanks to her family’s hard work, her sound business skills, and FINCA loans, Goharik's traditional Armenian ceramics business has continued growing. The family’s living standards have improved along with the profits from the business.
Nafisa is 50 years old and has decades of experience designing and sewing traditional Afghani dresses. “Without FINCA’s loans my family, and especially my daughter, would not have the kind of life we have today. I am so grateful that we’re looking at a brighter future.”
Farzana dreams she can do even more in her beauty parlor, if she has additional capital. She knows that an infusion of capital will allow her to grow her business and, hopefully, hire other beauticians. She says she’s looking forward to working with FINCA, and has high hopes for her family’s future.
“Working with FINCA is always nice and the turnaround on loans is quick. FINCA loans have helped me more than once when there was a necessity, and I look forward to working with them long into the future.”
©2015 FINCA International