Finca International Inc

361 by FINCA - Overview: 361 by FINCA is a digital B2B technology platform re-inventing microfinance. By leveraging event-based architecture and smart contract technology, 361 by FINCA enables financial service providers to digitize their operations and deliver configurable, low-cost credit products. This increases the relevance and reach of financial service providers, ultimately unlocking opportunity for the millions of micro-entrepreneurs who are currently held back by lack of access to affordable productive credit. 361 empowers providers to introduce new products (renewal loans, micro-insurance) and features (repayment holidays, cashback incentives) more quickly, while reducing operating costs. This makes credit simpler and more affordable - especially for women and smallholder farmers - empowering them to grow their businesses, build financial health, and create sustainable livelihoods for their families and communities. 2024 Milestones: In 2024, 361 by FINCA reached several key milestones. Ikigai Digital was selected as the platform build partner after a competitive review of nine system integrators, and 361 by FINCA leadership recruitment progressed to near completion, including the search for a Chief Technology Officer. Loan product pilots were initiated and monitored in Malawi, Uganda, and Zambia to eventually be coded as smart contracts onto the 361 Platform. Further, pre-build planning activities were completed, including defining agile workflows, MVP definitions, and build squad planning. Fundraising efforts also advanced to secure resources for both proof of concept and future scale, with active engagement of global donors and development finance institutions. Plan for 2025: Looking ahead, 361 will build and launch its platform MVP in partnership with Ikigai Digital, and potential partner Thought Machine Vault. The Platform will first launch in FINCA Malawi, with expansion planned to additional FINCA subsidiaries in Sub-Saharan Africa and to third-party partners. The MVP will digitize loan origination and renewal for individual and group customers, while establishing the differentiated architecture needed for faster product and feature innovation. In addition to building core platform capabilities and systems integrations, the team will be focused on operating model and regulatory engagement to ensure sustainable adoption.

FINCA Impact Finance - Microfinance is a source of personal empowerment and an essential tool for economic mobility. For almost four decades, FINCA International (FINCA) has set the standard for what is possible in empowering low-income people to take control of their financial futures. As the founder and majority owner of FINCA Impact Finance (FIF), a network of 13 sustainable leading microfinance institutions and banks in Asia, Europe, Africa, and Latin America, FINCA provides access to responsible financial solutions that help low-income families create jobs, build assets, educate their children and improve their standard of living. Considering that as of 2027, nearly 1.7 billion adults around the world could remain financially excluded without access to useful and affordable financial products and services delivered in a responsible and sustainable way, FINCA remains committed to the advancement of financial inclusion in some of the most challenging markets in the world, in remote areas that many commercial providers can't or won't reach. Today, FIF offers a variety of products and services for individuals and groups. Worldwide, millions of entrepreneurs rely on FIF's commitment to consumer protection and an unmatched customer experience to help them build a better future for themselves, their families, and their communities. Through the Network, FINCA has reached 1.9 million customers, a $630 million USD loan portfolio, and $274 million USD deposits. According to FINCA's clients, FIF's products have helped improve their financial situation, increased their earnings, and grow their non-cash assets. During 2024, $1.1 billion US Dollars were disbursed across FIF's Network through 14.5 million loans. The total gross portfolio increased to $698.5 million US Dollars. Out of all the borrowers in that same year, 40.6% were women, confirming that this group continues to be at the heart of FINCA. Furthermore, the Network reported 3.5 million clients comprised by voluntary savers, group loans borrowers, and individual borrowers. A breakdown of number of clients per subsidiary follows below: Africa DRC: 331,260 Malawi: 163,710 Nigeria: 7,250 Tanzania: 825,583 Uganda: 150,007 Zambia: 22,674 Eurasia Armenia: 21,612 Azerbaijan: 32,957 Kyrgyzstan: 261,963 Tajikistan: 63,805 Latina America & The Caribbean Guatemala: 16,179 Haiti: 304 Middle East & South Asia Jordan: 18,991 Pakistan: 1,569,829

All other program expenses

Finca plus program expense

FINCA Ventures - FINCA Ventures invests in early-stage companies that provide transformative products/services that support women, smallholder farmers, families on the margins, and microbusinesses in low-income communities across Sub-Saharan Africa. At present, FINCA Ventures has investments in health, fintech, agriculture, livelihoods, energy, education, water and sanitation. FINCA Ventures supported 26 portfolio companies that delivered life-enhancing products and services in 39 countries globally in 2024. IGNITIA: 3,128,851 users received access to local weather forecasts in West Africa, Kenya and Brazil. EAST AFRICA FRUITS: 25,090 smallholder farmers connected to 8,910 small, informal vendors in Tanzania, allowing for both groups to improve their incomes. GOOD NATURE AGRO: 21,999 smallholder farmers (45 percent of whom are female) reached in Zambia and Malawi. MERIDIA: 20,176 hectares mapped for 18,381 smallholder farmers across Ghana, Cote D'Ivoire and Indonesia. YYTZ: 911 smallholder farmers (65 percent of whom are female) received higher cashew prices in Tanzania. KUUNDA: 173M loans, totaling $965M, to over 5.5M registered mobile money agents and consumers in Tanzania, Uganda, and Malawi. KWARA: 149 SACCO / Credit Union clients fully digitized serving 161,703 end users in Kenya. MDAAS GLOBAL: 144,186 patients (60 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, Liberia, Ghana, and Ukraine hospitals to be used in surgeries to recycle a patient's own blood. SANIVATION: 527 metric tons of fecal sludge converted to fuel substitutes, saving 9,473 trees in Kenya. JIBU: 171M liters of clean water provided to customers and 1,620 jobs supported through 231 franchises in East Africa and Ghana. AMPED INNOVATION: 27,743 families benefited from 3,298 mWh of clean energy in Sub-Saharan Africa. PENDA: 159,883 patient visits at one of 16 affordable primary care clinics in Kenya. FLOATPAYS: 38,679 employees provided with early wage access in South Africa. RICULT: 1.3M 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: 236 smallholder farmers leased land to Cinch to earn a more stable income and increase the productivity of their land and an average of 902 casual workers supported field operations on a monthly basis. CHANZI: 7,847 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 130 full-time employees across sites. KENTASTE: 5,812 smallholder farmers (29 percent of whom are female) received consistent access to market for their coconuts in Kenya. CASSVITA: 2,413 smallholder cassava farmers (93 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: 269,083 students across 926 schools in Sierra Leone, Ghana, Liberia, Rwanda, Uganda provided access to affordable, quality education. BANKINGLY: 120 small and medium size financial institutions with a registered customer base of 843,271 provided with digital banking channels in over 20 countries globally. ELUCID: 6,440 smallholder farmer households provided with access to affordable health care in Ghana, Madagascar, Venezuela and Ecuador. LAPAIRE: 76,354 customers (46 percent women) received access to glasses across 90 optical shops in Cote D'Ivoire, Togo, Burkina Faso, Uganda, Benin, and Mali. RELEAF: 290 palm nut suppliers (24 percent women) provided with consistent access to market in Nigeria. AFFINITY AFRICA: 45,880 underserved and unbanked customers received access to financial services in Ghana. FLUID Finance: 1,403 smallholder farmers (51 percent women) provided with consistent access to market and to financial services in Ghana.