FINCA Microfinance Bank Ltd Nigeria and Opportunity International Edufinance have partnered to expand access to education loans in South East Nigeria. The partnership, via Opportunity’s EduFinance Technical Assistance Facility (ETAF)
On On May 17, 2016, FINCA Microfinance Bank Nigeria launched FINCA eXpress in Owerri, Imo State, which came off as Nigeria’s first successful agency banking model at the microfinance level. The model had received the approval of the Central Bank of Nigeria (CBN).
27 April 2017, Washington, DC – FINCA, the global institution that pioneered Village BankingTM and helped prove the sustainable microfinance model as key to economic development, today announced the launch of FINCA Impact Finance.FINCA Impact Finance will continue to deliver on FINCA’s 30-year legacy of reaching underserved people with responsible financial services while increasingly leveraging digitization and mobile financial services.
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.
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
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.
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.
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.
