Living or working far from a bank branch is a massive disadvantage for millions of poor people around the world. Without access to financial services, businesses can’t grow, incomes remain low and families can’t save. In addition, people often risk losing money from time traveled or theft on the journey to a bank far away.
March 27, 2017, Owerri: – FINCA Microfinance Bank received an award as “Best Agency Banking Provider 2017. The award is for individuals and businesses operating agency banking in Nigeria. This award was presented to the Chief Executive Officer during the cashless Africa awards & expo organized by Mobile Money Africa in Lagos.
IFC, The MasterCard Foundation, and FINCA support expansion of financial inclusion in Democratic Republic of Congo
Johannesburg, South Africa, January 17, 2017—IFC, a member of the World Bank Group, together with The MasterCard Foundation, today announced a cooperation agreement valued at $1 million with microfinance institution FINCA in the Democratic Republic of Congo. Under the agreement, FINCA will expand access to credit and digital financial services for low-income people and small-scale entrepreneurs.
The 2016 FINCA Progress Report
FINCA Microfinance Bank wins Microfinance Bank of the Year 2016: Award for excellence and commitment to financial inclusion
November 05 2016, Owerri: – FINCA Microfinance Bank received an award as Microfinance bank of the year 2016. The award is for individuals and businesses operating in Eastern Nigeria. This award was presented to the Chief Executive Officer during the 3rd edition of Eastern Nigeria Merit Award 2016 at Owerri, Imo State.
FINCA Microfinance Bank Nigeria Offers Businesses a Stress Free Apprentice Settlement Plan through its Freedom Account
Owerri, Nigeria, September 15, 2016: – Today, FINCA Microfinance Bank Ltd Nigeria officially launched a new product called FINCA Freedom Account. FINCA Freedom Account is a savings account designed for trade-masters or businesses that need to settle funds for apprentices at the end of their apprenticeship.
FINCA Microfinance Bank Limited Nigeria Officially Launches Agency Banking in Nigeria to Reach More of the Unbanked
Owerri, Nigeria, May 17, 2016: – FINCA Microfinance Bank Ltd Nigeria officially launched its agency banking in Owerri after over a year of operations in the country following approval from the Central Bank of Nigeria. Agency banking is the provision of financial services to customers by a third party (agent) on behalf of a licensed deposit taking financial institution-Bank.
17 May 2016, Washington, D.C. – Today global microfinance leader FINCA and First Access, whose technology predicts the credit risk of borrowers in informal markets, announced a new collaboration that will create the largest and most sophisticated alternative credit-scoring approach by a microfinance institution (MFI) in the world. The partnership will vastly improve FINCA’s outreach to excluded populations.
Owerri, Nigeria, February 11, 2016: – Today, FINCA Microfinance Bank Ltd Nigeria opened it’s second branch at Relief Market Owerri after a year of operations in the country.
PARIS, France, January 13, 2016/–Ingenico Group (Ingenico.com), the global leader in seamless payment, has reached a strategic fifty-thousand terminals landmark to serve the unbanked population and becomes the indisputable financial inclusion-enabler in Africa.