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FINCA International
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), Z ...
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In English usage, a ''finca'' (; ) refers to a piece of rural or agricultural land, typically with a cottage, farmhouse or estate (land), estate building present, and often adjacent to a woodland or plantation. Overview Especially in tourism, the term has recently gained the colloquial meaning of a holiday home in a rural setting, situated on the Peninsular Spain, Spanish mainland, the Balearics, and the Canary Islands, and throughout the countries of Spanish-speaking Latin America. Fincas can typically look back on an extensive development history, and are often older than 300 years. In some regions, however, especially on the Balearics, new buildings are erected. References External links Real estate in Spain Country estates {{Spain-stub ...
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Microfinance
Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings and checking accounts; microinsurance; and payment systems, among other services. Microfinance services are designed to reach excluded customers, usually poorer population segments, possibly socially marginalized, or geographically more isolated, and to help them become self-sufficient.Christen, Robert Peck Christen; Rosenberg, Richard; Jayadeva, Veena. ''Financial institutions with a double-bottom line: Implications for the future of microfinance''. CGAP, Occasional Papers series, July 2004, pp. 2–3. ID Ghana is an example of a microfinance institution. Microfinance initially had a limited definition: the provision of microloans to poor entrepreneurs and small businesses lacking access to credit. The two main mechanisms for the delive ...
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