FINCA International - The Foundation for International Community Assistance
FINCA International is a non-profit network of community-focused credit and savings associations employing the ‘Village Banking’ method of microfinance, which they pioneered in Latin America in the 1980s.
FINCA’s programmes are established in areas largely underserved by the formal financial sector. Village Banking is a means of delivering financial services, small loans and savings products to those who could not otherwise obtain them. The village banking method is unique as responsibility and autonomy is given borrowers to own, organise and run their banks. But, contrary to a credit union, their ownership is not formally registered. Their lending is also predominantly to women.
FINCA currently has programmes in 21 countries in Latin America, Eurasia, Central Asia, and Africa. Their focus, however, remains predominantly on Latin America, in terms of clients serviced. Nevertheless, FINCA’s geographic reach is among the widest of the leading microfinance networks.
FINCA’s core product offering remains the village banking working capital microcredit product. But FINCA’s country programs have also begun piloting other forms of credit, such as educational loans, home improvement loans, and revolving lines of credit, as well as noncredit products and services including insurance, savings, and basic business training.villagebanking.org - English (en)
|Telephone||+1 202 682 1510|
|Region / Country||Global / United States of America|
|Primary Language||English (en)|
|Keywords||Village Banking, Savings And Loan Associations, Self-Supervision|