FINCA is a catalyst for economic inclusion for the poor.
At FINCA, we prefer an approach that is sustainable and empowers poor people to pursue and achieve their dreams. Sometimes these dreams can seem modest, such as fixing a leaking roof or ensuring that a child has books for school. Often FINCA clients have bigger dreams as well, including building small businesses that can employ neighbors.
Individuals and communities not only need access to financial services, but they have the right to affordable goods and services that save them time and money and, make them healthier, more resilient and empowered.
When poor people have access to financial services, they can earn more, build their assets and cushion themselves against external shocks. Low-income households use microfinance to move from everyday survival to planning for the future, turning their hopes into their reality.
With increased income, they also invest in better nutrition, housing, healthcare and education. By providing access to social good products, like solar lanterns or safe cookstoves, we give the poor the chance to make these investments.
In 2015, we educated communities in Uganda and sold over 7,000 quality solar lanterns through our social enterprise called Bright Life. As a result, children are safer and healthier at home, with no more dangerous and polluting kerosene or paraffin lamps. Parents are saving money. Teenagers can study at night. Girls feel safer walking to the latrine as they carry their lamps. Shops can stay open longer.
Ultimately, all of these initiatives lead to a better quality of life – not just for themselves; but for their children, their parents, their employees and their communities.