Financial inclusion means finding ways to provide all the important financial services to people regardless of their current state or history.
Loan for business, agro-business, loan for improvement welfare and home improvement loans – all these affect our lives every day. These services are very important for people with low wages, or people that do not have access to traditional financial institutions.
Microfinance is a means of promoting financial inclusion. It provides financial services on terms that low-income families can afford.
FINCA operates with a unique and integrated business model that receives donations and investments. Our approach utilizes available capital and promotes greater transparency, sustainability and higher standards of business practices. Our business model allows us to achieve unparalleled financial and social performance in the industry. FINCA operates in 20 countries and serves almost 1.8 million customers, FINCA’s reach is broader and more inclusive in today’s micro-finance networks. FINCA International is the owner of all its affiliates and provides direct services to its clients.
FINCA will not make loans or provide other financial services to individuals engaged in the following activities:
- Production or trade in any product or activity deemed illegal under host country laws or regulations or international conventions and agreements, or subject to international phase-outs or bans, such as illegal pharmaceuticals, pesticides/herbicides, ozone depleting substances, PCB’s, wildlife or products regulated under the Committee on the International Trade in Endangered Species (CITES);
- Production or trade in weapons and munitions as a primary business activity;
- Production or trade in alcoholic beverages (excluding beer and wine) as a primary business activity;
- Production or trade in tobacco as a primary business activity;
- Gambling, casinos and equivalent enterprises as a primary business activity;
- Any business relating to pornography or prostitution;
- Cross-border trade in waste and waste products unless compliant to the Basel Convention and the underlying regulations;
- Production, trade, storage, or transport of significant volumes of hazardous chemicals, or commercial scale usage of hazardous chemicals. Hazardous chemicals include gasoline, kerosene, and other petroleum products;
- Shipment of oil or other hazardous substances in tankers which do not comply with requirements of the International Maritime Organization (IMO);
- Production or trade in radioactive materials. This does not apply to the purchase of medical equipment, quality control (measurement) equipment and any equipment the radioactive source is considered to be trivial and/or adequately shielded.