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Haiti - Micro Finance : FINCA Haiti obtains a revolving loan of 100 million from the BNC 26/08/2020 10:27:51 Let's remind that FINCA Haiti, one of the nation’s first microfinance institutions, executed a remarkable turnaround following Hurricane Matthew in 2016. Since January 2017, FINCA Haiti grew its loan portfolio by 42% to 762 million gourde and its client base by 13% to over 51,500 including 85% of women. In 2015, FINCA Haiti partnered with mobile operator Digicel to launch MonCash, an e-wallet solution offering mobile loan repayment and disbursements. Mobile banking now accounts for 57% of all transactions processed by the institution—a critical lifeline for customers with limited transportation options amid challenging infrastructure. "We appreciate the confidence of Banque Nationale de Crédit, which recognizes the strength and potential of FINCA Haiti to expand access to affordable, accessible financial services," said Hamidine Bako, CEO of FINCA Haiti. "With this stable source of local funding, FINCA Haiti will be well-positioned to expand our product offerings and provide vital support to businesses and entrepreneurs emerging from the COVID19 pandemic." About FINCA Haiti : FINCA Haiti is a microfinance institution that currently serves more than 50,000 customers – 85% of whom are women – across 12 branches and digital services. FINCA Haiti is part of FINCA Impact Finance, a global network of 20 microfinance institutions and banks that provides socially responsible financial services to low-income individuals to invest in their futures. HL/ HaitiLibre
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