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Andrew Mitchell, MP & Sec. State
Andrew Mitchell, MP & Sec. State for Int’l. Development

FINCA UK Hosts Secretary of State for International Development at Symposium

More than 120 guests gathered to hear a keynote address from Andrew Mitchell, MP and Secretary of State for International Development, at the Commonwealth Club in Central London. The topic under discussion —Social Entrepreneurship: A solution to poverty alleviation?

During his comments, Mr. Mitchell said that economic development and wealth creation should be "the engine of development, not the enemy of it." "Getting more people involved in micro-financial and microcredit services is something we recognise as being enormously important," he said. "We think that microfinance has the capacity to make quite extraordinary changes across the world, and for what you [FINCA] are seeking to do, we are aiming to provide very strong support."

To read the full article >>


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FINCA's Sustainers' Circle

FINCA's Sustainers' Circle is a special group of FINCA donors, who pledge to contribute a small amount automatically each month. We call this group our Sustainers’ Circle, because they supply us with sustainable funding we can count on each and every month.

Sustainable giving lets us plan ahead, because we know we’ll have the money we need to extend new loans, welcome new clients, start new Village Banks and enter new markets.

Sustainable giving lets us put more of your support where you want it to go—into loans for our clients.

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Whole Planet Foundation

Whole Planet Foundation Supports Expansion for FINCA DR Congo

Whole Planet Foundation, a Whole Foods Market non-profit that funds poverty alleviation around the globe where the company sources products, has made a $500,000 interest-free, local currency loan to FINCA Democratic Republic of Congo, which will allow for the program’s expansion into Kolwezi, a city in Katanga Province, the heart of the Congolese mining sector. The funding will bring much-needed financial services to more than 4,700 new borrowers over the next three years, the majority of whom are anticipated to be women.

“In a country so rich with resources, but so poor in income, FINCA’s loans can make a difference on a daily basis for people who are willing to work hard when given the means to create their own small businesses,” said Ed Greenwood, FINCA DR Congo CEO...

Read more here >>


Our Clients

Victoria Banda, FINCA Zambia Client
FINCA Zambia client Victoria Banda (r) with her mother & sister


“I’m a landlord now. Can you imagine?”

Victoria Banda is a 36-year-old, single woman living with her parents and two sisters in Lusaka, Zambia. She did not finish primary or secondary school but, over the years, has become the main income earner for her household. In 2001, she borrowed $20 from FINCA to expand food sales through the small storefront she had opened. Through hard work and careful management of her money, she has continually grown and improved her business, and she now operates a much larger store in front of her home.

But her success has gone far beyond expanding her business. She has been able to help her family enlarge their home, and she’s even acquired a rental property...

Read Victoria's and other FINCA clients' stories here >>

 

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