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Financial Inclusion

Two out of three adults lack even a basic bank account in the countries where we work. Financial exclusion is worst — 90% — in the MESA region, followed by Africa and Latin America. With a few exceptions, most countries in Eurasia don't fare much better. For those fortunate enough to have at least some access, the available services are often limited and expensive, especially for low-income customers.

While addressing these widespread gaps, we have a special interest in reaching the most excluded populations, especially women and people in rural areas. Female outreach is strongest in Latin America, followed by Africa. Meanwhile, almost two thirds of our borrowers in Eurasia are from rural areas.

While broad-based growth will allow us to serve the most people at lowest cost, FINCA's outreach to these vulnerable populations will continue to be an important measure of our mission.

Financial Inclusion Data

Global
Global Africa Eurasia Latin America MESA
Africa
All Africa DRC Malawi Nigeria Tanzania Uganda Zambia
Eurasia
All Eurasia Armenia Azerbaijan Georgia Kosovo Kyrgyzstan Tajikistan
Latin America
All Latin America Ecuador Guatemala Haiti Honduras Nicaragua
MESA
All MESA Afghanistan Jordan Pakistan
90% Adult population financially excluded
24,922 Total FINCA clients
24,922 Total FINCA borrowers
15,093 61% Female borrowers FINCA’s outreach to women in Afghanistan is remarkable, especially considering the limits on women's activities outside of the home. % #
249 1% Borrowers in rural areas Insecurity hinders FINCA's expansion outside of the main cities and towns. % #
70% Adult population financially excluded The regional average is strongly influenced by Nigeria, which is home to over 182 million people, and where 56% of adults are denied banking services. In DR-Congo, with 85 million inhabitants, this figure rises to almost 90%.
598,290 Total FINCA clients In Africa, savers outnumber borrowers by more than 2 to 1. FINCA subsidiaries in this region are mostly regulated banks, and they use non-traditional payment channels, such as rural banking agents, to mobilize small deposits in remote areas.
274,505 Total FINCA borrowers
160,066 58% Female borrowers Over half of FINCA’s clients in the region are women. Our household survey shows that the majority of them are the primary income-earners in their families. % #
103,250 38% Borrowers in rural areas Rural outreach is particularly striking in Tanzania and Uganda, where it reaches as high as 75%. The regional average is heavily influenced by DR-Congo and Zambia, which are primarily serving urban customers, many of whom have migrated from the countryside. % #
83% Adult population financially excluded Financial exclusion in Armenia is more than two times higher than the regional average of 40.6%.
41,621 Total FINCA clients
41,621 Total FINCA borrowers
14,322 34% Female borrowers % #
18,313 44% Borrowers in rural areas Poverty is high throughout Armenia, but it is particularly acute in the more rural areas. % #
71% Adult population financially excluded
66,686 Total FINCA clients
66,686 Total FINCA borrowers
16,835 25% Female borrowers % #
41,345 62% Borrowers in rural areas % #
89% Adult population financially excluded The rate of financial exclusion is seven percentage points higher than the regional average (82%).
223,833 Total FINCA clients FINCA DRC has more than twice as many savers as borrowers.
104,033 Total FINCA borrowers FINCA DRC is the largest FINCA subsidiary in Africa, and one of the largest in our network. .
66,723 64% Female borrowers % #
2,081 2% Borrowers in rural areas Efforts are underway to reach more rural areas, however they are hindered by instability and violence in the countryside. % #
54% Adult population financially excluded
25,840 Total FINCA clients
14,158 Total FINCA borrowers
8,899 63% Female borrowers Like its peers in the region, FINCA Ecuador maintains a high level of outreach to women. % #
7,221 51% Borrowers in rural areas Along with Guatemala, FINCA Ecuador has a comparatively high rate of rural outreach. % #
41% Adult population financially excluded The regional average is skewed by Russia, whose population is 5 times all the other countries combined.
384,599 Total FINCA clients FINCA's non-borrowing customers (micro-savers) are mainly served by FINCA Georgia, which has been offering savings services since 2015. FINCA Kygyzstan has recently been granted a banking license, and will be growing this segment of FINCA's client base in the coming years.
298,462 Total FINCA borrowers
118,995 40% Female borrowers Almost half of our Eurasia borrowers are female. % #
194,452 65% Borrowers in rural areas More than half of our borrowers in Eurasia live in rural areas. % #
69% Adult population financially excluded
1,622,867 Total FINCA clients An increasing share of FINCA's customers are micro-savers. Financial inclusion means giving people a full range of services to build their future.
909,251 Total FINCA borrowers The outreach of our subsidiaries ranges from tens of thousands in places like Honduras and Jordan, to over 100,000 in Pakistan, Kyrgyzstan and DR-Congo.
445,533 49% Female borrowers Outreach to women is highest in Latin America and Africa. The results in Afghanistan are also striking, where 2/3 of our borrowers are female. % #
371,583 41% Borrowers in rural areas Excludes Nigeria, Jordan and Haiti. Rural outreach is especially high in Eurasia, while Kyrgyzstan leads the network in this indicator. % #
60% Adult population financially excluded
102,587 Total FINCA clients Georgia is the only subsidiary in the region -- and one of the few in the world -- that serves more savers than borrowers.
47,662 Total FINCA borrowers
21,989 46% Female borrowers % #
29,550 62% Borrowers in rural areas Rural people struggle with a lack of infrastructure and are facing increasing isolation as youth migrate to the cities in search of employment. % #
59% Adult population financially excluded
30,166 Total FINCA clients
30,166 Total FINCA borrowers
24,863 82% Female borrowers Second-highest in the world, right after FINCA Haiti. % #
15,988 53% Borrowers in rural areas Highest outside of Eurasia. % #
75% Adult population financially excluded
39,694 Total FINCA clients
39,694 Total FINCA borrowers
35,332 89% Female borrowers % #
70% Adult population financially excluded
42,210 Total FINCA clients Honduras has more non-borrowing customers than any other subsidiary in the region.
24,930 Total FINCA borrowers
16,309 65% Female borrowers % #
7,978 32% Borrowers in rural areas % #
75% Adult population financially excluded
26,901 Total FINCA clients
26,901 Total FINCA borrowers
24,810 92% Female borrowers % #
52% Adult population financially excluded
14,522 Total FINCA clients
14,522 Total FINCA borrowers
2,255 16% Female borrowers % #
4,211 29% Borrowers in rural areas % #
82% Adult population financially excluded The rate of financial exclusion (82%) is very high and twice as much as the regional average (41%).
118,570 Total FINCA clients
95,175 Total FINCA borrowers
52,719 55% Female borrowers Female outreach in Kyrgyzstan is significantly higher than the region overall (40%). % #
79,947 84% Borrowers in rural areas Poverty in Kyrgyzstan is concentrated in rural areas, where 84% of FINCA’s clients reside. % #
64% Adult population financially excluded
181,171 Total FINCA clients
152,209 Total FINCA borrowers
117,743 77% Female borrowers % #
38,973 35% Borrowers in rural areas Rural outreach is especially high in Ecuador and Guatemala. % #
84% Adult population financially excluded
48,523 Total FINCA clients
44,617 Total FINCA borrowers
27,699 62% Female borrowers % #
24,986 56% Borrowers in rural areas % #
91% Adult population financially excluded
458,807 Total FINCA clients
184,075 Total FINCA borrowers
46,618 25% Female borrowers Outreach to women is particularly difficult in this region. % #
5,539 4% Borrowers in rural areas Our borrowers in MESA live mainly in urban areas. % #
81% Adult population financially excluded
43,261 Total FINCA clients This number will increase with the launch of savings services for non-borrowing customers.
43,261 Total FINCA borrowers
32,340 75% Female borrowers FINCA Nicargua has one of the highest concentrations of female borrowers among our subsidiaries. % #
7,787 18% Borrowers in rural areas % #
56% Adult population financially excluded More than half of the adult population in Nigeria is financially excluded.
20,012 Total FINCA clients
5,266 Total FINCA borrowers
2,774 53% Female borrowers More than half of FINCA borrowers are women. % #
91% Adult population financially excluded The recently launched National Financial Inclusion Strategy aims to change this situation by promoting digital financial services, and by improving the capacity of service providers and consumers.
406,984 Total FINCA clients FINCA Pakistan has more savers than any other subsidiary, and the highest ratio of savers to borrowers.
132,252 Total FINCA borrowers
6,715 5% Female borrowers % #
15,870 12% Borrowers in rural areas FINCA is in the midst of expanding its rural outreach, particularly through agricultural and livestock loans. % #
89% Adult population financially excluded
37,022 Total FINCA clients
29,205 Total FINCA borrowers
9,044 31% Female borrowers % #
20,151 69% Borrowers in rural areas Poverty is especially widespread in rural areas. % #
81% Adult population financially excluded The rate of financial exclusion is on a par with the regional average..
78,183 Total FINCA clients
51,595 Total FINCA borrowers
27,489 53% Female borrowers % #
38,696 75% Borrowers in rural areas % #
72% Adult population financially excluded
138,976 Total FINCA clients
49,984 Total FINCA borrowers
23,043 46% Female borrowers % #
37,488 75% Borrowers in rural areas % #
69% Adult population financially excluded The level of financial inclusion in Zambia is higher than in in Africa overall, but is still very low, at 31%.
88,763 Total FINCA clients
19,010 Total FINCA borrowers
12,338 65% Female borrowers % #
0 0% Borrowers in rural areas % #

© 2016 FINCA International

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© 2017 FINCA International

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