FINCA Results

Measuring Our Impact

Social Performance Management

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Eurasia

FINCA has operated in Eurasia since 1995. Our operations cover countries that suffer from widespread poverty, such as Tajikistan, Armenia and Kyrgyzstan, as well as others that are striving to create modern, market-led economies. In both cases, the lack of banking services is an impediment to social and economic progress.

FINCA's impact in Eurasia is particularly evident in its rural outreach and job creation indicators. Rural customers make up 65 percent of all borrowers, higher than any other region. Many of our borrowers are engaged in farming and rearing livestock. These clients use FINCA's loans to purchase seeds or fertilizer, and they pay their installments after harvesting their crops. Along they way, they employ additional workers. The average client in Eurasia employs 2.2 people (including herself). About a third of these jobs are directly attributable to FINCA loans, the highest in the FINCA network.

Explore Eurasia Data ↓

Financial Inclusion

Eurasia:
Reaching the Financially Excluded

58% Adult population financially excluded
87,687 43% Female borrowers Kyrgyzstan has the highest female outreach in the region. % #
323,676 Total FINCA clients Georgia and Kyrgyzstan provide full banking services and their client base includes small savers as well as borrowers.
131,624 65% Borrowers in rural areas About two-thirds of our borrowers in Eurasia live in rural areas. % #
201,750 Total FINCA borrowers
55% Adult population financially excluded
12,565 35% Female borrowers % #
35,694 Total FINCA clients
15,705 44% Borrowers in rural areas Poverty is high throughout Armenia, but it is particularly acute in the more rural areas. % #
35,694 Total FINCA borrowers
Explore Armenia Data
71% Adult population financially excluded
950 25% Female borrowers % #
3,747 Total FINCA clients
2,323 62% Borrowers in rural areas % #
3,747 Total FINCA borrowers
Explore Azerbaijan Data
39% Adult population financially excluded
16,632 46% Female borrowers % #
112,528 Total FINCA clients
22,282 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. % #
35,939 Total FINCA borrowers
Explore Georgia Data
48% Adult population financially excluded
4,171 21% Female borrowers % #
20,241 Total FINCA clients
5,870 29% Borrowers in rural areas % #
20,241 Total FINCA borrowers
Explore Kosovo Data
62% Adult population financially excluded
44,625 55% Female borrowers Female outreach in Kyrgyzstan is significantly higher than the region overall (40%). % #
120,593 Total FINCA clients
68,400 84% Borrowers in rural areas Poverty in Kyrgyzstan is concentrated in rural areas, where 84% of FINCA’s clients reside. % #
81,429 Total FINCA borrowers
Explore Kyrgyzstan Data
53% Adult population financially excluded
8,744 35% Female borrowers % #
30,873 Total FINCA clients
17,043 69% Borrowers in rural areas Poverty is especially widespread in rural areas. % #
24,700 Total FINCA borrowers
Explore Tajikistan Data

Nearly 6 out of 10 adults lack access to a bank account in Eurasia, Financial exclusion is worse for women, the poor, and people in rural areas. More than any other region, FINCA Eurasia has established a presence in rural communities, offering services that are tailored to the needs of farmers. About two-thirds of our borrowers are from rural areas, where FINCA's credits for agriculture and livestock help them to purchase inputs and hire the workers they need for expansion.

Living Standards

Eurasia:
Quality of Life

27,369 14% Client homes without water % #
1,308 1% Client homes without electricity % #
108,916 54% Client homes without access to Internet % #
7,157 4% Clients who don’t own their home % #
8,667 4% Head of household with primary education or less % #
5,711 16% Client homes without water % #
0 0% Client homes without electricity % #
10,351 29% Client homes without access to Internet Internet access in Armenia has been improving over the past few years, and is actually higher in Armenia than in the region overall. % #
1,071 3% Clients who don’t own their home % #
0 0% Head of household with primary education or less % #
Explore Armenia Data
1,049 28% Client homes without water % #
0 0% Client homes without electricity % #
2,173 58% Client homes without access to Internet % #
37 1% Clients who don’t own their home % #
111 3% Head of household with primary education or less % #
Explore Azerbaijan Data
6,469 18% Client homes without water Rural people struggle to obtain safe drinking water, relying mainly on local wells or springs. % #
0 0% Client homes without electricity % #
14,376 40% Client homes without access to Internet % #
1,078 3% Clients who don’t own their home Many Georgians need to improve or expand their dwellings, especially those that are accommodating multiple generations under one roof, which is common in rural areas. % #
994 3% Head of household with primary education or less % #
Explore Georgia Data
2,631 13% Client homes without water Water quality is a common problem for rural households, which often rely on domestic wells with inadequate sanitation systems. % #
4,048 20% Client homes without access to Internet % #
405 2% Clients who don’t own their home % #
5,525 27% Head of household with primary education or less This is 10x the regional average. Lower levels of education are especially common among women. % #
Explore Kosovo Data
1,629 2% Client homes without water Although the population’s access to safe drinking water improved significantly during last decade, there are huge disparities among regions in the country. % #
814 1% Client homes without electricity % #
59,443 73% Client homes without access to Internet This is about 20 percentage points higher than in the overall region (55%). % #
4,071 5% Clients who don’t own their home % #
753 1% Head of household with primary education or less % #
Explore Kyrgyzstan Data
9,880 40% Client homes without water Outside of Africa, only Afghanistan has a higher share of customers without this basic service. % #
494 2% Client homes without electricity % #
18,525 75% Client homes without access to Internet This is 20 percentage points higher the regional average. Internet penetration is constrained by a limited reach of the telcom sector, the high cost of access, and widespread poverty. % #
494 2% Clients who don’t own their home % #
1,284 5% Head of household with primary education or less % #
Explore Tajikistan Data

FINCA's clients in Eurasia generally enjoy better living standards than the other regions where we work. Electricity is more widely available and most adults have more than a primary education. There are, however, instances of acute hardship in certain countries, such as the lack of clean water in Azerbaijan and Tajikistan. Meanwhile, about a fourth of our clients' households in Kosovo are headed by someone with less than a secondary education. This problem not only poses daily challenges; it also undermines the family's ability to improve their quality of life over time.

Income & Employment

Eurasia:
Income & Employment

$2,972 46% Average annual profit profit as a % of average sales % #
2.2 Average # of employees per client enterprise
352,611 People employed in FINCA-funded enterprises
111,403 32% Employees hired due to FINCA loan % #
288,868 82% Wages paid above the poverty line % #
$2,910 55% Average annual profit % #
1.7 Average # of employees per client enterprise
61,872 People employed in FINCA-funded enterprises
11,615 19% Employees hired due to FINCA loan % #
49,498 80% Wages paid above the poverty line % #
Explore Armenia Data
$10,348 42% Average annual profit % #
1.8 Average # of employees per client enterprise
6,793 People employed in FINCA-funded enterprises
4,492 66% Employees hired due to FINCA loan % #
6,134 90% Wages paid above the poverty line % #
Explore Azerbaijan Data
$3,412 50% Average annual profit 50% of the total sales. % #
1.7 Average # of employees per client enterprise
60,362 People employed in FINCA-funded enterprises
27,388 45% Employees hired due to FINCA loan % #
47,661 79% Wages paid above the poverty line % #
Explore Georgia Data

No data has been collected yet for this indicator in Kosovo.

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Explore Kosovo Data
$2,466 40% Average annual profit % #
2.7 Average # of employees per client enterprise
223,584 People employed in FINCA-funded enterprises
67,909 30% Employees hired due to FINCA loan % #
185,575 83% Wages paid above the poverty line % #
Explore Kyrgyzstan Data

No data has been collected yet for this indicator in Tajikistan.

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Explore Tajikistan Data

Explore FINCA Loan Sectors

The enterprises financed by FINCA employ over 350,000 people in Eurasia. Our clients attribute about a third of total employment in their businesses directly to the help of FINCA's loans. Even better, their firms and their farms are earning a healthy profit -- 46 percent on average. This means that our clients are able to pay a living wage to their workers. Eighty-two percent of employees in these businesses are being paid wages above the national poverty line, showing that the impact of financial services can be felt in many more families than those of our clients alone.

Women’s Empowerment

Eurasia:
Empowering Women

87,687 43% Female borrowers Kyrgyzstan has the highest female outreach in the region. % #
27,219 13% Clients with female-headed household % #
65,572 33% Households with female as main earner % #
61,833 39% Businesses run by women % #
207,219 46% Women employed by enterprises Avg. #
145,209 39% Jobs created by women % #
12,565 35% Female borrowers % #
12,565 35% Female borrowers % #
4,952 14% Clients with female-headed household % #
8,584 24% Households with female as main earner % #
9,637 27% Businesses run by women % #
27,484 44% Women employed by enterprises Avg. #
11,756 19% Jobs created by women % #
Explore Armenia Data
950 25% Female borrowers % #
950 25% Female borrowers % #
361 10% Clients with female-headed household % #
623 17% Households with female as main earner % #
1,177 31% Businesses run by women % #
2,173 32% Women employed by enterprises Avg. #
2,167 32% Jobs created by women % #
Explore Azerbaijan Data
16,632 46% Female borrowers % #
16,632 46% Female borrowers % #
4,161 12% Clients with female-headed household % #
14,147 39% Households with female as main earner % #
14,376 40% Businesses run by women % #
34,501 57% Women employed by enterprises Avg. #
21,730 36% Jobs created by women Research shows that female-owned businesses in Georgia tend to employ proportionally more women. % #
Explore Georgia Data
4,171 21% Female borrowers % #
4,171 21% Female borrowers % #
1,385 7% Clients with female-headed household % #
2,540 13% Households with female as main earner % #
Explore Kosovo Data
44,625 55% Female borrowers Female outreach in Kyrgyzstan is significantly higher than the region overall (40%). % #
44,625 55% Female borrowers Female outreach in Kyrgyzstan is significantly higher than the region overall (40%). % #
10,420 13% Clients with female-headed household % #
32,748 40% Households with female as main earner % #
36,643 45% Businesses run by women % #
96,901 43% Women employed by enterprises Avg. #
109,556 49% Jobs created by women % #
Explore Kyrgyzstan Data
8,744 35% Female borrowers % #
8,744 35% Female borrowers % #
5,940 24% Clients with female-headed household % #
6,930 28% Households with female as main earner % #
Explore Tajikistan Data

Forty-three percent of our clients in Eurasia are women, many acting as the main breadwinner in their household. Besides providing for their families, they are creating jobs for others in their community, FINCA's impact on the economic participation of women is especially evident in Kyrgyzstan, where about 50 percent of the total employment is created by women. Owning a business and hiring workers enhances women's status in their communities and shows that they are not just the beneficiaries -- but also the drivers -- of economic empowerment.

Clients’ Goals

Goals Set By FINCA Borrowers
Goals Met By FINCA Borrowers
7,323 5% Start a business % #
59,899 38% Expand a business % #
1,964 1% Invest in education % #
39,448 25% Improve their home The second most important goal is to improve their homes. % #
14,089 9% Buy an asset % #
9,858 6% Pay down debts % #
1,535 4% Start a business % #
11,065 31% Expand a business % #
750 2% Invest in education % #
8,138 23% Improve their home % #
3,998 11% Buy an asset % #
4,676 13% Pay down debts % #
Explore Armenia Data
75 2% Start a business % #
1,971 53% Expand a business % #
41 1% Invest in education % #
1,012 27% Improve their home % #
307 8% Buy an asset % #
176 5% Pay down debts % #
Explore Azerbaijan Data
3,270 9% Start a business % #
13,477 38% Expand a business This is the most commonly-cited goal. % #
359 1% Invest in education % #
4,241 12% Improve their home The second highest priority for FINCA borrowers in Georgia is to improve their homes (12%). % #
827 2% Buy an asset % #
934 3% Pay down debts % #
Explore Georgia Data

No data has been collected yet for this indicator in Kosovo.

The support of FINCA donors is vital to our efforts to understand our clients and better serve them. Please Donate to support this important work.

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Explore Kosovo Data
2,443 3% Start a business % #
33,386 41% Expand a business % #
814 1% Invest in education % #
26,057 32% Improve their home % #
8,957 11% Buy an asset % #
4,071 5% Pay down debts % #
Explore Kyrgyzstan Data

No data has been collected yet for this indicator in Tajikistan.

The support of FINCA donors is vital to our efforts to understand our clients and better serve them. Please Donate to support this important work.

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Explore Tajikistan Data
5,093 67% Start a business % #
45,828 75% Expand a business % #
993 58% Invest in education % #
25,550 64% Improve their home % #
9,211 67% Buy an asset % #
5,408 60% Pay down debts % #
5,093 67% Start a business % #
45,828 75% Expand a business % #
993 58% Invest in education % #
25,550 64% Improve their home % #
9,211 67% Buy an asset % #
5,408 60% Pay down debts % #
Explore Eurasia Data
5,093 67% Start a business % #
45,828 75% Expand a business % #
993 58% Invest in education % #
25,550 64% Improve their home % #
9,211 67% Buy an asset % #
5,408 60% Pay down debts % #
Explore Eurasia Data
5,093 67% Start a business % #
45,828 75% Expand a business % #
993 58% Invest in education % #
25,550 64% Improve their home % #
9,211 67% Buy an asset % #
5,408 60% Pay down debts % #
Explore Eurasia Data

No data has been collected yet for this indicator in Kosovo.

The support of FINCA donors is vital to our efforts to understand our clients and better serve them. Please Donate to support this important work.

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5,093 67% Start a business % #
45,828 75% Expand a business % #
993 58% Invest in education % #
25,550 64% Improve their home % #
9,211 67% Buy an asset % #
5,408 60% Pay down debts % #
Explore Eurasia Data

No data has been collected yet for this indicator in Tajikistan.

The support of FINCA donors is vital to our efforts to understand our clients and better serve them. Please Donate to support this important work.

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In the rural communities we serve, a profitable farm or agricultural business is the means for many families to achieve their goals. Most clients are busy expanding their existing activities or launching a new one. Since the vast majority are home-owners, it is not surprising that the Eurasia region has the highest percentage of borrowers whose main priority is home improvement. Basic services are usually lacking in rural areas, so the quality of one's home is a major factor in the comfort and safety of their families. It also serves as an important means to store and grow their wealth over time.

Special Topics

FINCA Loan Sectors

37,761 19% Trade % #
46,319 23% Services % #
11,592 6% Manufacturing % #
19,487 10% Crops % #
87,639 43% Livestock % #
4,283 12% Trade % #
8,567 24% Services % #
1,785 5% Manufacturing % #
3,926 11% Crops % #
17,133 48% Livestock % #
Explore Armenia Data
802 21% Trade % #
1,278 34% Services % #
277 7% Manufacturing % #
667 18% Crops % #
723 19% Livestock % #
Explore Azerbaijan Data
7,978 22% Trade % #
9,057 25% Services % #
5,319 15% Manufacturing % #
7,296 20% Crops % #
6,289 18% Livestock % #
Explore Georgia Data

No data has been collected yet for this indicator in Kosovo.

The support of FINCA donors is vital to our efforts to understand our clients and better serve them. Please Donate to support this important work.

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Explore Kosovo Data
16,286 20% Trade % #
17,100 21% Services % #
1,629 2% Manufacturing % #
3,257 4% Crops % #
43,972 54% Livestock % #
Explore Kyrgyzstan Data

No data has been collected yet for this indicator in Tajikistan.

The support of FINCA donors is vital to our efforts to understand our clients and better serve them. Please Donate to support this important work.

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Explore Tajikistan Data

Profit and Profit/Sales Ratio by Sector

$5,349 31% Trade Profit/sales ratio Avg. profit
3,650 50% Services Profit/sales ratio Avg. profit
$6,633 41% Manufacturing Profit/sales ratio Avg. profit
$1,868 59% Crops Profit/sales ratio Avg. profit
$1,457 50% Livestock Profit/sales ratio Avg. profit
$5,349 31% Trade Profit/sales ratio Avg. profit
3,650 50% Services Profit/sales ratio Avg. profit
$6,633 41% Manufacturing Profit/sales ratio Avg. profit
$1,868 59% Crops Profit/sales ratio Avg. profit
$1,457 50% Livestock Profit/sales ratio Avg. profit
Explore Eurasia Data
$5,349 31% Trade Profit/sales ratio Avg. profit
3,650 50% Services Profit/sales ratio Avg. profit
$6,633 41% Manufacturing Profit/sales ratio Avg. profit
$1,868 59% Crops Profit/sales ratio Avg. profit
$1,457 50% Livestock Profit/sales ratio Avg. profit
Explore Eurasia Data
$5,349 31% Trade Profit/sales ratio Avg. profit
3,650 50% Services Profit/sales ratio Avg. profit
$6,633 41% Manufacturing Profit/sales ratio Avg. profit
$1,868 59% Crops Profit/sales ratio Avg. profit
$1,457 50% Livestock Profit/sales ratio Avg. profit
Explore Eurasia Data

No data has been collected yet for this indicator in Kosovo.

The support of FINCA donors is vital to our efforts to understand our clients and better serve them. Please Donate to support this important work.

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$5,349 31% Trade Profit/sales ratio Avg. profit
3,650 50% Services Profit/sales ratio Avg. profit
$6,633 41% Manufacturing Profit/sales ratio Avg. profit
$1,868 59% Crops Profit/sales ratio Avg. profit
$1,457 50% Livestock Profit/sales ratio Avg. profit
Explore Eurasia Data

No data has been collected yet for this indicator in Tajikistan.

The support of FINCA donors is vital to our efforts to understand our clients and better serve them. Please Donate to support this important work.

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Jobs by Sector Due to FINCA Loan

21,436 19% Trade % #
22157 20% Services % #
9,266 8% Manufacturing % #
13,522 12% Crops % #
45,022 40% Livestock % #
21,436 19% Trade % #
22157 20% Services % #
9,266 8% Manufacturing % #
13,522 12% Crops % #
45,022 40% Livestock % #
Explore Eurasia Data
21,436 19% Trade % #
22157 20% Services % #
9,266 8% Manufacturing % #
13,522 12% Crops % #
45,022 40% Livestock % #
Explore Eurasia Data
21,436 19% Trade % #
22157 20% Services % #
9,266 8% Manufacturing % #
13,522 12% Crops % #
45,022 40% Livestock % #
Explore Eurasia Data

No data has been collected yet for this indicator in Kosovo.

The support of FINCA donors is vital to our efforts to understand our clients and better serve them. Please Donate to support this important work.

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21,436 19% Trade % #
22157 20% Services % #
9,266 8% Manufacturing % #
13,522 12% Crops % #
45,022 40% Livestock % #
Explore Eurasia Data

No data has been collected yet for this indicator in Tajikistan.

The support of FINCA donors is vital to our efforts to understand our clients and better serve them. Please Donate to support this important work.

DONATE

Eurasia Stories

Konul Khalilova is employed by a FINCA client.

A Dream in Sight

Konul Khalilova is one of two employees at a busy women’s clothing shop, owned by a FINCA Azerbaijan client. Konul is a...
Read Konul's StoryNanuli Nutsubidze, FINCA Georgia Client

Aunt Nanuli’s Pies

Nanuli lives in Gori, Georgia, near the railway station. She has a small kiosk on the platform selling very popular meat-filled fried...
Read Nanuli's StoryMahkputza FINCA Kyrgyzstan client

The Impossible is Possible

With the fall of communism in Kyrgyzstan government support of the healthcare system was slashed. Doctors like Makhpuza saw their incomes plummet...
Read Makhpuza's Story

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© 2017 FINCA International

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