Updated Mar 31, 2020

Finca Microfinance: The Original Social Enterprise

The free market was failing billions of people who could not access financial services. A basic need was unmet. So FINCA, a bank for the poor, jumped into the breach. We started off by making small loans—as tiny as $25—and eventually added savings, insurance and other financial services.

To succeed, we had to go where others feared to tread. And, with support from many people over the years, we proved the banks (and the market) wrong. The poor could be good customers.

Now, we are taking what we learned in the realm of microfinance and the experience of scaling a social enterprise and applying it to solve other unmet needs.
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LoanType
Open Year RoundDeadline
UnavailableAmount
UnavailableDuration(Months)

Mandatory Requirements

Implemented In:
RegionAfrica, Asia and Pacific, Europe and Eurasia, Latin America / Caribbean, North America, Middle East and North Africa and Low and Middle Income Countries
CountryN/A
Focus AreasHealth

Social enterprises from poor communities may apply.
The term social enterprise can be defined as an organization that addresses a basic unmet need or solves a social or environmental problem through a market-driven approach, according to the Social Enterprise Alliance. However, with such a broad definition, a lot of organizations can fall under the category of a social enterprise.
Given our own extensive history in the field, FINCA International has expanded upon this characterization of a social enterprise. In addition to the criteria laid out in the above definition, we believe a social enterprise should also provide goods or services that enable people to work toward lifting themselves out of poverty.

Application Directions

Please apply to FINCA Ventures and finances online.
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