To promote financial inclusion–ensuring that low-income individuals can access financial services to grow their businesses and improve their lives — FINCA’s 23 subsidiaries offer an array of microfinance services.

Loans/Credit

To support microenterprises, FINCA subsidiaries offer Village Banking, small group, individual, home improvement, and local currency loans that enable clients to start or expand small businesses, based on self-identified plans and market demand.

In Afghanistan and Jordan, we offer credit products that conform to Islamic principles, ensuring that access to interest-free financing is available to all.

In Uganda, where electrical power is erratic and intermittent, FINCA offers microenergy loans. These loans permit clients to purchase small solar energy systems to create energy-related businesses and to light their homes and shops.

 

Savings

As licensed, deposit-taking institutions, FINCA subsidiaries in Ecuador, Honduras, Democratic Republic of the Congo, Tanzania, Uganda, Zambia,  Tajikistan and Pakistan offer savings accounts. These accounts have a double benefit: depositors have a secure place to keep their savings and those funds can be used as loan capital to support other small businesses in the community. FINCA’s remaining subsidiaries will offer savings products and services as their local government regulations allow.

 

Insurance

Some FINCA subsidiaries provide insurance that covers business losses, health and funeral expenses, and loan repayment in the event of a client’s illness, injury or death. Offerings vary by location.

 

Remittances/money transfers

Remittances and money transfer services allow FINCA clients to wire money electronically to individuals and institutions. These services might be used to help support family members in other locations, to pay bills, or to pay tuition for children away at school.

 

 
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.
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