FINCA International

Finca impact finance:as of 2017, nearly 1.7 billion adults around the world remain financially excluded without access to useful and affordable financial products and services delivered in a responsible and sustainable way. The predominant group among the financially excluded is comprised by unemployed or low-income individuals given the high costs associated with traditional banking. For Finca International, the advancement of financial inclusion is pivotal considering that access to basic financial services can bridge the economic gap between the haves and have-nots. Furthermore, it can foster economic sustainability and self-reliance among the underprivileged population. Finca International firmly believes in economic opportunity and justice for all, and therefore is committed to pursuing the advancement of financial inclusion. Finca International is the founder and majority owner of Finca impact finance (fif), a network of 14 community-based micro-finance institutions that amplifies financial inclusion through the delivery of responsible financial services to low-income customers across the world. Fif is guided by the belief that accessible and flexible credit, savings, and other financial products are critical tools to achieving financial health. For 2023, $1.4 billion us dollars were disbursed in over 22.3 million loans across all fif micro-finance institutions. The total gross portfolio summed $644.2 million us dollars. Out of all the borrowers in that same year, 40% were women. Furthermore, the network reported 3.4 million clients across all its subsidiaries. Clients included voluntary savers, group loans borrowers, and individual borrowers. A breakdown of the number of clients per subsidiary follows below: africadrc: 299,626malawi: 184,285nigeria: 6,666tanzania: 806,267uganda: 146,710zambia: 17,337eurasiaarmenia: 20,699azerbaijan: 31,099kyrgyzstan: 242,776tajikistan: 52,770latina america & the caribbeanguatemala: 15,870haiti: 2,459honduras: 79,198middle east & south asiajordan: 26,792pakistan: 1,490,328

Finca ventures: Finca ventures invests in early-stage companies that offer affordable, high-quality and life-enhancing products and services. At present, Finca ventures has investments in health, fintech, agriculture, livelihoods, energy, education, water and sanitation. Finca ventures' portfolio companies directly contribute to 14 of the 17 sdgs. Complementing our effort to align impact goals to the sdgs, Finca ventures assesses portfolio companies across three dimensions of impact which are scale, depth and the target poverty level of end-customers. Scale and depth of impact have inherent tradeoffs. Keeping these tradeoffs in mind, Finca ventures supports portfolio companies across this spectrum as it seeks to maximize product and service to increase social impact. Finca ventures supported 27 portfolio companies that delivered life-enhancing products and services in 39 countries globally in 2023.ignitia: 2,912,899 users received access to local weather forecasts in west africa, kenya and brazil.east africa fruits: 7,962 smallholder farmers connected to 8,101 small, informal vendors in tanzania, allowing for both groups to improve their incomes.good nature agro: 15,362 smallholder farmers (42 percent of whom are female) reached in zambia and malawi. Meridia: 41.994 hectares mapped and 3,831 smallholder farmers provided with land documentation in ghana, cote d'ivoire and indonesia.yytz: 2,400 smallholder farmers (65 percent of whom are female) received higher cashew prices in tanzania.imalipay: 10 platform partners provided with fintech-as-a-service in kenya and nigeria. Kuunda: 218m loans, totaling $1.2b, to over 5.5m registered mobile money agents and consumers since january 2020 in tanzania.kwara: 221 sacco / credit union clients fully digitized serving 210,768 end users in kenya.mdaas global: 108,724 patients (61 percent of whom are female) gained affordable diagnostic services in nigeria.sisu global: increased geographic scope by selling the hemafuse device through distribution partners in kenya, uganda, tanzania, ghana, pakistan and donated to ukraine hospitals to be used in surgeries to recycle a patient's own blood.sanivation: 1,130 metric tons of fecal sludge converted to fuel substitutes, saving 13,178 trees in kenya.jibu: 142m liters of clean water provided to customers and 2,998 jobs supported through 180 franchises in east africa and ghana.amped innovation: 21,914 families benefited from 6,713 mwh of clean energy in east and west africa.eneza education: 1,133,989 learners provided with access to digital curriculums in kenya.penda: 358,056 patient visits at one of 16 affordable primary care clinics in kenya.floatpays: 27,028 employees provided with early wage access in south africa.ricult: 968,795 smallholder farmers in pakistan, thailand and vietnam use the ricult farmer app to access satellite imagery, weather and soil maps to make better decisions on their farms and access input financing.cinch: 219 smallholder farmers leased land to cinch to earn a more stable income and increase the productivity of their land and an average of 566 casual workers supported field operations on a monthly basis.chanzi: 4,928 mt of food waste processed using black soldier flies to produce nutritious protein for animal feed used by farmers and feed processors in tanzania and kenya, supporting 62 full-time employees across sites.kentaste: 4,251 smallholder farmers (26 percent of whom are female) received consistent access to market for their coconuts in kenya.cassvita: 1,115 smallholder cassava farmers (90 percent of whom are female) saw an average increase in income of 400% and a post-harvest loss reduction from 40 to 5% after selling to cassvita in cameroon.rising academies: 272,017 students across 946 schools in sierra leone, ghana, liberia, rwanda, uganda provided access to affordable, quality education. Bankingly: 106 small and medium size financial institutions with a registered customer base of 586,615 provided with digital banking channels in over 20 countries globally.elucid: 2,328 smallholder farmer households provided with access to affordable health care in ghana, madagascar, venezuela and ecuador. Lapaire: 66,306 customers (46 percent women) received access to glasses across 56 optical shops in cote d'ivoire, togo, burkina faso, uganda, benin, kenya, and mali.releaf: 5,248 palm nut suppliers (70 percent smallholder farmers) provided with consistent access to market in nigeria.affinity africa: 20,000 underserved and unbanked customers received access to financial services in ghana.

Finca plus:for over 30 years, Finca has demonstrated that access to responsible finance is an important tool for strengthening the economic security of poor and low-income families. At the same time, Finca has realized that it is essential that access to finance can be used on non-financial goods, such as clean energy products, which are critical for improving a family's health, well-being, and increasing productivity.finca plus llc (d.b.a. In uganda as brightlife) is a social enterprise created by Finca which pairs access to finance with access to energy to unlock productivity and well-being for the poor. Brightlife provides life-enhancing products such as solar home systems and improved cookstoves to the bop market at affordable rates. As importantly, and aligned with Finca's micro-lending activities, brightlife finances these affordable products utilizing paygo technology, so that individuals can access these life-enhancing products that they might not otherwise be able to afford.in 2023, brightlife employed 100 full-time employees in uganda and had a commission-based sales distribution network of approximately 200 agents. Brightlife sold 11,188 products over the year which improved the lives of approximately 74,000 ugandans. Our gender balance has improved significantly. The proportion of male staff decreased from 72% to 54%, while the proportion of female staff increased from 28% to 46%.

Finca kosovo branch:finca kosovo adheres to Finca International's mission of alleviating poverty through lasting solutions that help people build assets, create jobs and raise their standard of living. Finca kosovo, managed under Finca impact network, is an unconventional community-based bank that profitably and responsibly provides innovative and impactful financial services that enable low-income individuals and communities to invest in their futures.finca kosovo provides financial services through 30 branches and since 2020 has served over 148,000 clients. Through these service outlets, Finca kosovo offers products and services that include agriculture and business loans, women start-up loans, loans for home improvement, car purchase and registration financial facilities. Small business owners and farmers comprise the majority of its customers. Finca kosovo is also committed to serving the community through social responsibility activities underscoring their belief that environmental consciousness, ethical business practices, philanthropy, and economic empowerment are interconnected components that collectively contribute to a sustainable and socially responsible business model. Finca kosovo has been certified by the smart campaign for 'customer protection and microfinanza rating (mfr) with client protection certification. Both of these recognitions reflect Finca kosovo's commitment to continue upholding industry-leading client protection standards in providing responsible finance and high ethical standards in the treatment of its clients.by december 2023, Finca kosovo's clientele increased to 29,777 individuals; 6,847 more clients than the same month in the previous year. Female borrowers represented 31% of total borrowers in this institution, whereas in 2022 this percentage was of 26.2%. Finca kosovo's total gross loan portfolio quality was of $94.4m us dollars with an average loan size of $3,760.

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