Foundation For International Community Assistance
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Foundation For International Community Assistance
FINCA International is a non-profit, microfinance organization, founded by John Hatch in 1984. FINCA is the innovator of the village banking methodology in microcredit and is widely regarded as one of the pioneers of modern-day microfinance. With its headquarters in Washington, D.C., FINCA is considered to be one of the most influential microfinance organizations in the world. The name FINCA is an acronym for Foundation for International Community Assistance. Countries where FINCA operates * Latin America and the Caribbean: Ecuador (founded in 1994), Guatemala (founded in 1998), Haiti (founded in 1989), Honduras (founded in 1989), Nicaragua (founded in 1992) * Newly independent states (Eurasia): Armenia (founded in 1999), Azerbaijan (founded in 1998), Georgia (founded in 1998), Kosovo (founded in 2000), Kyrgyzstan (founded in 1995), Tajikistan (founded in 2003) * Africa: DR Congo (founded in 2003), Malawi (founded in 1994), Tanzania (founded in 1998), Uganda (founded in 1992), ...
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Nonprofit Organization
A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or social benefit, as opposed to an entity that operates as a business aiming to generate a Profit (accounting), profit for its owners. A nonprofit organization is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. Depending on the local laws, charities are regularly organized as non-profits. A host of organizations may be non-profit, including some political organizations, schools, hospitals, business associations, churches, foundations, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be Tax exemption, tax-exempt, and some may also qualify to receive tax-deductible contributions, but an enti ...
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Village Banking
Village banking is a microcredit and saving methodology whereby financial services are administered locally in a community bank rather than in a centralized commercial bank. Village banking has its roots in ancient cultures and was most recently adopted for use by micro-finance institutions (MFIs) as a way to control costs. Early village banking methods were innovated by Grameen Bank and then later developed by groups such as FINCA International founder John Hatch (development specialist), John Hatch. Among US-based non-profit agencies there are at least 31 microfinance institutions (MFIs) that have collectively created over 800 village banking programs in at least 90 countries. And in many of these countries there are host-country MFIs—sometimes dozens—that are village banking practitioners as well. The latest developments globally can be seen in Southeast Asia (e.g. Laos), where digitization is pacing fast to reach rural areas with hybrid on- and offline solutions. Methodo ...
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DR Congo
The Democratic Republic of the Congo (DRC), also known as the DR Congo, Congo-Kinshasa, or simply the Congo (the last ambiguously also referring to the neighbouring Republic of the Congo), is a country in Central Africa. By land area, it is the List of African countries by area, second-largest country in Africa and the List of countries and dependencies by area, 11th-largest in the world. With a population of around 112 million, the DR Congo is the most populous nominally List of countries and territories where French is an official language, Francophone country in the world. Belgian French, French is the official and most widely spoken language, though there are Languages of the Democratic Republic of the Congo, over 200 indigenous languages. The national capital and largest city is Kinshasa, which is also the economic center. The country is bordered by the Republic of the Congo, the Cabinda Province, Cabinda exclave of Angola, and the South Atlantic Ocean to the west; the Cen ...
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Tajikistan
Tajikistan, officially the Republic of Tajikistan, is a landlocked country in Central Asia. Dushanbe is the capital city, capital and most populous city. Tajikistan borders Afghanistan to the Afghanistan–Tajikistan border, south, Uzbekistan to the Tajikistan–Uzbekistan border, west, Kyrgyzstan to the Kyrgyzstan–Tajikistan border, north, and China to the China–Tajikistan border, east. It is separated from Pakistan by Afghanistan's Wakhan Corridor. It has a population of over 10.7 million people. The territory was previously home to cultures of the Neolithic and the Bronze Age, including the Bactria–Margiana Archaeological Complex, Oxus civilization in west, with the Indo-Iranians arriving during the Andronovo culture. Parts of country were part of the Sogdia, Sogdian and Bactria, Bactrian civilizations, and was ruled by those including the Achaemenid Empire, Achaemenids, Alexander the Great, the Greco-Bactrian Kingdom, Greco-Bactrians, the Kushan Empire, Kushans, the Kid ...
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Kyrgyzstan
Kyrgyzstan, officially the Kyrgyz Republic, is a landlocked country in Central Asia lying in the Tian Shan and Pamir Mountains, Pamir mountain ranges. Bishkek is the Capital city, capital and List of cities in Kyrgyzstan, largest city. Kyrgyzstan is bordered by Kazakhstan to the Kazakhstan–Kyrgyzstan border, north, Uzbekistan to the Kyrgyzstan–Uzbekistan border, west, Tajikistan to the Kyrgyzstan–Tajikistan border, south, and China to the China–Kyrgyzstan border, east and southeast. Ethnic Kyrgyz people, Kyrgyz make up the majority of the country's over 7 million people, followed by significant minorities of Uzbeks and Russians. Kyrgyzstan's history spans a variety of cultures and empires. Although geographically isolated by its highly mountainous terrain, Kyrgyzstan has been at the crossroads of several great civilizations as part of the Silk Road along with other commercial routes. Inhabited by a succession of tribes and clans, Kyrgyzstan has periodically fallen unde ...
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Kosovo
Kosovo, officially the Republic of Kosovo, is a landlocked country in Southeast Europe with International recognition of Kosovo, partial diplomatic recognition. It is bordered by Albania to the southwest, Montenegro to the west, Serbia to the north and east, and North Macedonia to the southeast. It covers an area of and has a population of approximately 1.6 million. Kosovo has a varied terrain, with high plains along with rolling hills and List of mountains in Kosovo, mountains, some of which have an altitude over . Its climate is mainly Continental climate, continental with some Mediterranean climate, Mediterranean and Alpine climate, alpine influences. Kosovo's capital and List of cities and towns in Kosovo#List, most populous city is Pristina; other major cities and urban areas include Prizren, Ferizaj, Gjilan and Peja. Kosovo formed the core territory of the Dardani, an ancient Paleo-Balkanic languages, Paleo-Balkanic people attested in classical sources from the 4th cent ...
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Georgia (country)
Georgia is a country in the Caucasus region on the coast of the Black Sea. It is located at the intersection of Eastern Europe and West Asia, and is today generally regarded as part of Europe. It is bordered to the north and northeast by Russia, to the south by Turkey and Armenia, and to the southeast by Azerbaijan. Georgia covers an area of . It has a Demographics of Georgia (country), population of 3.7 million, of which over a third live in the capital and List of cities and towns in Georgia (country), largest city, Tbilisi. Ethnic Georgians, who are native to the region, constitute a majority of the country's population and are its titular nation. Georgia has been inhabited since prehistory, hosting the world's earliest known sites of winemaking, gold mining, and textiles. The Classical antiquity, classical era saw the emergence of several kingdoms, such as Colchis and Kingdom of Iberia, Iberia, that formed the nucleus of the modern Georgian state. In the early fourth centu ...
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Azerbaijan
Azerbaijan, officially the Republic of Azerbaijan, is a Boundaries between the continents, transcontinental and landlocked country at the boundary of West Asia and Eastern Europe. It is a part of the South Caucasus region and is bounded by the Caspian Sea to the east, Russia's republic of Dagestan to the north, Georgia (country), Georgia to the northwest, Armenia and Turkey to the west, and Iran to the south. Baku is the capital and largest city. The territory of what is now Azerbaijan was ruled first by Caucasian Albania and later by various Persian empires. Until the 19th century, it remained part of Qajar Iran, but the Russo-Persian wars of Russo-Persian War (1804–1813), 1804–1813 and Russo-Persian War (1826–1828), 1826–1828 forced the Qajar Empire to cede its Caucasian territories to the Russian Empire; the treaties of Treaty of Gulistan, Gulistan in 1813 and Treaty of Turkmenchay, Turkmenchay in 1828 defined the border between Russia and Iran. The region north o ...
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Armenia
Armenia, officially the Republic of Armenia, is a landlocked country in the Armenian Highlands of West Asia. It is a part of the Caucasus region and is bordered by Turkey to the west, Georgia (country), Georgia to the north and Azerbaijan to the east, and Iran and the Azerbaijani exclave of Nakhchivan Autonomous Republic, Nakhchivan to the south. Yerevan is the Capital city, capital, largest city and Economy of Armenia, financial center. The Armenian Highlands has been home to the Hayasa-Azzi, Shupria and Nairi. By at least 600 BC, an archaic form of Proto-Armenian language, Proto-Armenian, an Indo-European languages, Indo-European language, had diffused into the Armenian Highlands.Robert Drews (2017). ''Militarism and the Indo-Europeanizing of Europe''. Routledge. . p. 228: "The vernacular of the Great Kingdom of Biainili was quite certainly Armenian. The Armenian language was obviously the region's vernacular in the fifth century BC, when Persian commanders and Greek writers ...
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Nicaragua
Nicaragua, officially the Republic of Nicaragua, is the geographically largest Sovereign state, country in Central America, comprising . With a population of 7,142,529 as of 2024, it is the third-most populous country in Central America after Guatemala and Honduras. Nicaragua is bordered by Honduras to the north, the Caribbean Sea to the east, Costa Rica to the south, and the Pacific Ocean and shares maritime borders with El Salvador to the west and Colombia to the east. The country's largest city and national capital is Managua, the List of largest cities in Central America#Largest cities proper, fourth-largest city in Central America, with a population of 1,055,247 as of 2020. Nicaragua is known as "the breadbasket of Central America" due to having the most fertile soil and arable land in all of Central America. Nicaragua's multiethnic population includes people of mestizo, indigenous, European, and African heritage. The country's most spoken language is Spanish language, ...
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Honduras
Honduras, officially the Republic of Honduras, is a country in Central America. It is bordered to the west by Guatemala, to the southwest by El Salvador, to the southeast by Nicaragua, to the south by the Pacific Ocean at the Gulf of Fonseca, and to the north by the Gulf of Honduras, a large inlet of the Caribbean Sea. Its Capital city, capital and largest city is Tegucigalpa. Honduras was home to several important Mesoamerican cultures, most notably the Maya civilization, Maya, before Spanish colonization of the Americas, Spanish colonization in the sixteenth century. The Spanish introduced Catholic Church, Catholicism and the now predominant Spanish language, along with numerous customs that have blended with the indigenous culture. Honduras became independent in 1821 and has since been a republic, although it has consistently endured much social strife and political instability, and remains one of the poorest countries in the Western Hemisphere. In 1960, the northern part o ...
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Haiti
Haiti, officially the Republic of Haiti, is a country on the island of Hispaniola in the Caribbean Sea, east of Cuba and Jamaica, and south of the Bahamas. It occupies the western three-eighths of the island, which it shares with the Dominican Republic. Haiti is the third largest country in the Caribbean, and with an estimated population of 11.4 million, is the most populous Caribbean country. The capital and largest city is Port-au-Prince. Haiti was originally inhabited by the Taíno people. In 1492, Christopher Columbus established the first European settlement in the Americas, La Navidad, on its northeastern coast. The island was part of the Spanish Empire until 1697, when the western portion was Peace of Ryswick, ceded to France and became Saint-Domingue, dominated by sugarcane sugar plantations in the Caribbean, plantations worked by enslaved Africans. The 1791–1804 Haitian Revolution made Haiti the first sovereign state in the Caribbean, the second republic in the Americ ...
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