What is FINCA International?
FINCA International provides financial services to people in the world’s lowest-income countries to start their own businesses, create jobs, and drastically improve their standard of living. FINCA is a micro-credit charity that supports only sustainable businesses. By providing initial financial support, small businesses will be able to learn how to create a sustainable source of revenue that will last longer than the project does. FINCA reaches over 700,000 clients in 21 different countries. FINCA uses microfinance to extend loans, insurance, and savings to over one million poor families so they can take their development and future into their own hands.
Microcredit is one of the most successful modern forms of development stimulation because it perpetuates a sustainable economy and gives men and women the independence to start their own businesses. Money is handed directly into their pockets, which is good because it doesn’t go through corrupt governments or have to trickle-down to the bottom. The participants will pay back the loans with minimal interest and eventually be able to sustain their businesses on their own.
