FINCA serves the lowest rung of the economic ladder, and focuses on serving those clients who earn
less than $2 per day, of whom 72% are women. In 2007, our programs are providing financial services
to more than 682,000 clients in Africa, Central Asia, Eurasia, the Greater Middle East and Latin
FINCA's Village Banking microloans provide small loans of working capital, with
no collateral required and a reasonable interest rate, which are used to finance self-employment
activities. Borrowers have a safe and stable place to accumulate savings, and a community-based
support system that encourages self-worth.
FINCA recognizes that within each country, the
social, political and economic realities determine the clients' needs. We continually improve
products and services to meet clients' financial needs, ensuring that the organization will grow
with the beneficiaries.
To meet with the huge demand for funds, FINCA created the FINCA
Capital Fund, a credit enhancement program that helps FINCA's country programs qualify for
commercial loans by providing collateral to commercial lenders. The programs, in turn, disburse the
proceeds of these loans to FINCA's low-income clients. Investments by individuals, as well as
institutions such as Calvert Foundation, provide the lending capital to FINCA.