FINCA – Mexico
Here is another micro finance organization that a friend of mine supports. FINCA stands for the Foundation for International Community Assistance and was established in 1984.
FINCA is best known for having pioneered the “Village Banking method”–one of the major forms of microcredit–and for leadership in microfinance overall. The mission of FINCA International is to provide financial services to the world’s lowest-income entrepreneurs so they can create jobs, build assets and improve their standard of living. Our vision is to be a global network collectively serving more low-income entrepreneurs than any other microfinance institution, while operating on commercial principles of performance and sustainability.
“We target the poorest of the working poor: those who have the least access to services such as loans, savings programs, and insurance. Our clients include women, who make up 70 percent of the world’s poor; individuals unable to find work in the formal sector; families displaced by war and internal conflict; the rural poor; and those affected by chronic poverty.
With more than 20 years’ experience and over 700,000 clients on five continents, FINCA offers a proven solution to poverty.”
Their website is full of interesting material, including their business model.
Alon Shalev is the author of The Accidental Activist (now available on Kindle) and A Gardener’s Tale. He is the Executive Director of the San Francisco Hillel Foundation, a non-profit that provides spiritual and social justice opportunities to Jewish students in the Bay Area. More on Alon Shalev at www.alonshalev.com