FINCA – Haiti
The NGO FINCA Haiti was created in 1989 to provide microloans to female village groups. Today FINCA is positioned as the most innovative MFI in the country.
Prior to the January 2010 earthquake, FINCA managed 10 branches and a portfolio of 12,500 clients. During the earthquake, some agencies were destroyed and FINCA had to lose a large part of the portfolio. In 2012, a new management team was appointed to restructure the MFI and put in place a stronger business model while remaining faithful to the initial social mission of FINCA. Their primary goal has always been to reach women in the most disadvantaged areas. The restructuring movement has increased the portfolio by 4.4 since 2013 and reached the profitability threshold in 2017.
FINCA Haiti’s target groups are micro-entrepreneurs and individual entrepreneurs. The MIF finances more than 45,589 micro-entrepreneurs (89% of whom are women) through its 8 branches: 3 in Port-au-Prince and 5 in the provinces spread evenly over the territory. 76% of customers live in rural areas and the average disbursed loan is EUR 242.
The strategy calls for continued growth in peripheral areas and increased productivity through digitalisation and process automation.
More information on FINCA Haiti: https://www.finca.org/