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 either case, the lack of banking services is an impediment to social and economic progress.

FINCA's impact in Eurasia is particularly evident in two areas: rural outreach and job creation. 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
88,955 43% Female borrowers Kyrgyzstan has the highest female outreach in the region. % #
323,329 Total FINCA clients Georgia and Kyrgyzstan provide full banking services and their client base includes small savers as well as borrowers.
136,028 65% Borrowers in rural areas About two-thirds of our borrowers in Eurasia live in rural areas. % #
209,107 Total FINCA borrowers
55% Adult population financially excluded
12,666 35% Female borrowers % #
36,124 Total FINCA clients
15,895 44% Borrowers in rural areas Poverty is high throughout Armenia, but it is particularly acute in the more rural areas. % #
36,124 Total FINCA borrowers
Explore Armenia Data
71% Adult population financially excluded
1,828 26% Female borrowers % #
6,978 Total FINCA clients
4,326 62% Borrowers in rural areas % #
6,978 Total FINCA borrowers
Explore Azerbaijan Data
39% Adult population financially excluded
18,978 45% Female borrowers % #
113,513 Total FINCA clients
26,206 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. % #
42,268 Total FINCA borrowers
Explore Georgia Data
48% Adult population financially excluded
3,529 18% Female borrowers % #
19,296 Total FINCA clients
5,596 29% Borrowers in rural areas % #
19,296 Total FINCA borrowers
Explore Kosovo Data
62% Adult population financially excluded
43,548 55% Female borrowers Female outreach in Kyrgyzstan is significantly higher than the region overall (40%). % #
116,389 Total FINCA clients
66,870 84% Borrowers in rural areas Poverty in Kyrgyzstan is concentrated in rural areas, where 84% of FINCA’s clients reside. % #
79,607 Total FINCA borrowers
Explore Kyrgyzstan Data
53% Adult population financially excluded
8,406 34% Female borrowers % #
31,029 Total FINCA clients
17,135 69% Borrowers in rural areas Poverty is especially widespread in rural areas. % #
24,834 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

29,376 14% Client homes without water % #
1,293 1% Client homes without electricity % #
112,028 54% Client homes without access to Internet % #
7,284 3% Clients who don’t own their home % #
8,670 4% Head of household with primary education or less % #
5,780 16% Client homes without water % #
0 0% Client homes without electricity % #
10,476 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. % #
1,084 3% Clients who don’t own their home % #
0 0% Head of household with primary education or less % #
Explore Armenia Data
1,954 28% Client homes without water % #
0 0% Client homes without electricity % #
4,047 58% Client homes without access to Internet % #
70 1% Clients who don’t own their home % #
206 3% Head of household with primary education or less % #
Explore Azerbaijan Data
7,608 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 % #
16,907 40% Client homes without access to Internet % #
1,268 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. % #
1,169 3% Head of household with primary education or less % #
Explore Georgia Data
2,508 13% Client homes without water Water quality is a common problem for rural households, which often rely on domestic wells with inadequate sanitation systems. % #
3,859 20% Client homes without access to Internet % #
386 2% Clients who don’t own their home % #
5,267 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
1,592 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. % #
796 1% Client homes without electricity % #
58,113 73% Client homes without access to Internet This is about 20 percentage points higher than in the overall region (55%). % #
3,980 5% Clients who don’t own their home % #
736 1% Head of household with primary education or less % #
Explore Kyrgyzstan Data
9,934 40% Client homes without water Outside of Africa, only Afghanistan has a higher share of customers without this basic service. % #
497 2% Client homes without electricity % #
18,626 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. % #
497 2% Clients who don’t own their home % #
1,291 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

$3,139 46% Average annual profit profit as a % of average sales % #
2.2 Average # of employees per client enterprise
364,840 People employed in FINCA-funded enterprises
118,720 33% Employees hired due to FINCA loan % #
298,994 82% Wages paid above the poverty line % #
$2,910 55% Average annual profit % #
1.7 Average # of employees per client enterprise
62,617 People employed in FINCA-funded enterprises
11,755 19% Employees hired due to FINCA loan % #
50,094 80% Wages paid above the poverty line % #
Explore Armenia Data
$10,348 42% Average annual profit % #
1.8 Average # of employees per client enterprise
12,650 People employed in FINCA-funded enterprises
8,365 66% Employees hired due to FINCA loan % #
11,423 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
70,991 People employed in FINCA-funded enterprises
32,211 45% Employees hired due to FINCA loan % #
56,055 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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$2,466 40% Average annual profit % #
2.7 Average # of employees per client enterprise
218,582 People employed in FINCA-funded enterprises
66,389 30% Employees hired due to FINCA loan % #
181,423 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 FINCA Loan Sectors

The enterprises financed by FINCA employ a lot of people in Eurasia -- about 368,000. 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

88,955 43% Female borrowers Kyrgyzstan has the highest female outreach in the region. % #
27,528 13% Clients with female-headed household % #
67,204 32% Households with female as main earner % #
64,675 39% Businesses run by women % #
211,890 47% Women employed by enterprises Avg. #
148,595 38% Jobs created by women % #
12,666 35% Female borrowers % #
12,666 35% Female borrowers % #
4,910 14% Clients with female-headed household % #
8,512 24% Households with female as main earner % #
9,753 27% Businesses run by women % #
27,815 44% Women employed by enterprises Avg. #
11,897 19% Jobs created by women % #
Explore Armenia Data
1,828 26% Female borrowers % #
1,828 26% Female borrowers % #
670 10% Clients with female-headed household % #
1,158 17% Households with female as main earner % #
2,191 31% Businesses run by women % #
4,047 32% Women employed by enterprises Avg. #
4,035 32% Jobs created by women % #
Explore Azerbaijan Data
18,978 45% Female borrowers % #
18,978 45% Female borrowers % #
4,886 12% Clients with female-headed household % #
16,611 39% Households with female as main earner % #
16,907 40% Businesses run by women % #
40,577 57% Women employed by enterprises Avg. #
25,557 36% Jobs created by women Research shows that female-owned businesses in Georgia tend to employ proportionally more women. % #
Explore Georgia Data
3,529 18% Female borrowers % #
3,529 18% Female borrowers % #
1,152 6% Clients with female-headed household % #
2,112 11% Households with female as main earner % #
Explore Kosovo Data
43,548 55% Female borrowers Female outreach in Kyrgyzstan is significantly higher than the region overall (40%). % #
43,548 55% Female borrowers Female outreach in Kyrgyzstan is significantly higher than the region overall (40%). % #
10,247 13% Clients with female-headed household % #
32,204 40% Households with female as main earner % #
35,823 45% Businesses run by women % #
94,732 43% Women employed by enterprises Avg. #
107,105 49% Jobs created by women % #
Explore Kyrgyzstan Data
8,406 34% Female borrowers % #
8,406 34% Female borrowers % #
5,663 23% Clients with female-headed household % #
6,607 27% 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
7,927 5% Start a business % #
63,358 38% Expand a business % #
2,054 1% Invest in education % #
40,582 25% Improve their home The second most important goal is to improve their homes. % #
14,347 9% Buy an asset % #
10,140 6% Pay down debts % #
1,553 4% Start a business % #
11,198 31% Expand a business % #
759 2% Invest in education % #
8,236 23% Improve their home % #
4,046 11% Buy an asset % #
4,732 13% Pay down debts % #
Explore Armenia Data
140 2% Start a business % #
3,670 53% Expand a business % #
77 1% Invest in education % #
1,884 27% Improve their home % #
572 8% Buy an asset % #
328 5% Pay down debts % #
Explore Azerbaijan Data
3,846 9% Start a business % #
15,851 38% Expand a business This is the most commonly-cited goal. % #
423 1% Invest in education % #
4,988 12% Improve their home The second highest priority for FINCA borrowers in Georgia is to improve their homes (12%). % #
972 2% Buy an asset % #
1,099 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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2,388 3% Start a business % #
32,639 41% Expand a business % #
796 1% Invest in education % #
25,474 32% Improve their home % #
8,757 11% Buy an asset % #
3,980 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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5,583 68% Start a business % #
48,962 76% Expand a business % #
1,064 59% Invest in education % #
26,289 65% Improve their home % #
9,433 68% Buy an asset % #
5,616 61% Pay down debts % #
715 46% Start a business % #
4,956 44% Expand a business % #
158 21% Invest in education % #
2,012 24% Improve their home % #
1,233 30% Buy an asset % #
2,082 44% Pay down debts % #
Explore Armenia Data
131 94% Start a business % #
3,350 91% Expand a business % #
67 88% Invest in education % #
1,206 64% Improve their home % #
553 97% Buy an asset % #
277 84% Pay down debts % #
Explore Azerbaijan Data
3,066 80% Start a business % #
14,218 90% Expand a business % #
329 78% Invest in education % #
3,965 80% Improve their home % #
729 75% Buy an asset % #
749 68% 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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1,672 70% Start a business % #
26,437 81% Expand a business % #
509 64% Invest in education % #
19,106 75% Improve their home % #
6,918 79% Buy an asset % #
2,508 63% 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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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

39,461 19% Trade % #
48,695 23% Services % #
12,891 6% Manufacturing % #
21,523 10% Crops % #
87,547 42% Livestock % #
4,335 12% Trade % #
8,670 24% Services % #
1,806 5% Manufacturing % #
3,974 11% Crops % #
17,340 48% Livestock % #
Explore Armenia Data
1,493 21% Trade % #
2,379 34% Services % #
516 7% Manufacturing % #
1,242 18% Crops % #
1,347 19% Livestock % #
Explore Azerbaijan Data
9,383 22% Trade % #
10,652 25% Services % #
6,256 15% Manufacturing % #
8,580 20% Crops % #
7,397 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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15,921 20% Trade % #
16,717 21% Services % #
1,592 2% Manufacturing % #
3,184 4% Crops % #
42,988 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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Profit and Profit/Sales Ratio by Sector

$5,535 31% Trade Profit/sales ratio Avg. profit
3,853 50% Services Profit/sales ratio Avg. profit
$6,569 41% Manufacturing Profit/sales ratio Avg. profit
$1,953 59% Crops Profit/sales ratio Avg. profit
$1,535 51% Livestock Profit/sales ratio Avg. profit
$4,974 40% Trade Profit/sales ratio Avg. profit
3,109 50% Services Profit/sales ratio Avg. profit
$4,601 47% Manufacturing Profit/sales ratio Avg. profit
$3,109 63% Crops Profit/sales ratio Avg. profit
$2,073 60% Livestock Profit/sales ratio Avg. profit
Explore Armenia Data
$16,653 27% Trade Profit/sales ratio Avg. profit
12,637 31% Services Profit/sales ratio Avg. profit
$9,568 51% Manufacturing Profit/sales ratio Avg. profit
$5,002 66% Crops Profit/sales ratio Avg. profit
$4,545 54% Livestock Profit/sales ratio Avg. profit
Explore Azerbaijan Data
$4,448 33% Trade Profit/sales ratio Avg. profit
4,261 47% Services Profit/sales ratio Avg. profit
$4,131 51% Manufacturing Profit/sales ratio Avg. profit
$2,166 59% Crops Profit/sales ratio Avg. profit
$1,713 67% Livestock Profit/sales ratio Avg. profit
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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$5,391 27% Trade Profit/sales ratio Avg. profit
3,204 53% Services Profit/sales ratio Avg. profit
$8,493 33% Manufacturing Profit/sales ratio Avg. profit
$1,048 57% Crops Profit/sales ratio Avg. profit
$932 37% Livestock Profit/sales ratio Avg. profit
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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Jobs by Sector Due to FINCA Loan

22,921 19% Trade % #
24048 20% Services % #
10,511 9% Manufacturing % #
15,774 13% Crops % #
45,466 38% Livestock % #
954 8% Trade % #
2774 24% Services % #
975 8% Manufacturing % #
636 5% Crops % #
6,416 55% Livestock % #
Explore Armenia Data
1,573 19% Trade % #
2812 34% Services % #
695 8% Manufacturing % #
2,065 25% Crops % #
1,220 15% Livestock % #
Explore Azerbaijan Data
7,025 22% Trade % #
5670 18% Services % #
6,453 20% Manufacturing % #
9,193 29% Crops % #
3,870 12% 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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13,369 20% Trade % #
12792 19% Services % #
2,388 4% Manufacturing % #
3,879 6% Crops % #
33,960 51% 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.

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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