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FINCA International www.villagebanking.org
GSG Rank:
2 of 7
Micro-Credit
GSG Rating:
User Rating:
Headquarters:
1101 Fourteenth Street, NW, Washington, DC, 20005, USA
Year Founded:
1984
CEO:
Rupert Scofield
What We Say:
Provides financial services to the world's lowest-income entrepreneurs so they can create jobs, build assets and improve their standard of living.
The vision of FINCA International is to be a global microfinance network collectively serving more low-income entrepreneurs than any other MFI while operating on commercial principles of performance and sustainability.
FINCA today reaches 725,000 clients in 21 countries. But the scope of global poverty compels us all to do more. At the beginning of the new century, the nations of the world agreed to work toward eight Millennium Development Goals that would eliminate extreme poverty and hunger by 2015.
FINCA takes that challenge seriously. That is why we launched the Village Banking Campaign. It will enable FINCA to double its impact: to use the power of microfinance to extend loans, microinsurance, and savings to one million poor families by 2010 so they can effect their own development.
On May 2 in New York, FINCA unveiled the Village Banking Campaign, an initiative to mobilize the people and resources needed to bring financial services to one million of the world’s lowest-income families. As part of the Campaign’s kick-off, FINCA announced it would bring its considerable microfinance expertise and resources to Jordan and the broader Middle East. International insurance giant AIG (American International Group, Inc.) pledged its support to expand micro-insurance products through a $1.5 million grant.
The vision of FINCA International is to be a global microfinance network collectively serving more low-income entrepreneurs than any other MFI while operating on commercial principles of performance and sustainability.
FINCA today reaches 725,000 clients in 21 countries. But the scope of global poverty compels us all to do more. At the beginning of the new century, the nations of the world agreed to work toward eight Millennium Development Goals that would eliminate extreme poverty and hunger by 2015.
FINCA takes that challenge seriously. That is why we launched the Village Banking Campaign. It will enable FINCA to double its impact: to use the power of microfinance to extend loans, microinsurance, and savings to one million poor families by 2010 so they can effect their own development.
On May 2 in New York, FINCA unveiled the Village Banking Campaign, an initiative to mobilize the people and resources needed to bring financial services to one million of the world’s lowest-income families. As part of the Campaign’s kick-off, FINCA announced it would bring its considerable microfinance expertise and resources to Jordan and the broader Middle East. International insurance giant AIG (American International Group, Inc.) pledged its support to expand micro-insurance products through a $1.5 million grant.
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