The video has been produced in collaboration with The MasterCard Foundation. FINCA and The Mastercard Foundation are partnering to increase outreach to marginalized people and promote financial inclusion in Africa.
Since his early childhood, Armen, FINCA Armenia client, dreamed of making his own chocolates and running his own factory production. Today, he owns a chocolate factory and together with his wife, which is also his muse, never ceases to continuously surprise his clients with his chocolate confectionery masterpieces. Read on to learn more about how FINCA helped Armen turn his dream into a reality: http://bit.ly/1B7LGdr
On the photo: FINCA Armenia client in her bakery
To honor the women who have used their FINCA microloans to develop their own businesses, we organized a competition to let supporters vote for the story that they find most inspiring. Among four extraordinary women, Makhpuza from #Kyrgyzstan received the most votes. The small loan she took from FINCA allowed her to expand her sewing business and support her entire family.
Read Makhpuza's story » http://bit.ly/1MG5ky0
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We offer small loans and other products to those turned down by traditional banks, believing that even the poor have a right to financial services. With these loans, families can invest in, and build, their own small businesses and their income-earning capacity. Worldwide, our clients post repayment rates over 97 percent.
FINCA pioneered the “Village Banking method” of credit delivery, now used by hundreds of organizations worldwide. Our programs reach the poor in more diverse countries than any other microcredit provider. We operate Village Banking programs in 21 countries around the world, serving more than 800,000 people – 70% women.
FINCA is not a typical charity. We offer loans, not gifts, and we promote financial independence, both among our clients and in our programs. Although we are a nonprofit, we operate using sound business principles and an entrepreneurial spirit.
Our work enables poor families to create their own solutions to poverty. Our Village Banking methodology promotes community and individual development, helping lift entire communities out of poverty.