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FINCA DRC YouthStart Partner

  • September 12, 2014

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Summary

Foundation for International Community Assistance (FINCA) is a non-profit microfinance organization whose mission is to provide financial services to the world's lowest-income entrepreneurs so they can create jobs, build assets and improve their standard of living. In the Democratic Republic of the Congo, FINCA has over 463,000 clients with deposits reaching more than US$20.6 million. FINCA DRC has granted over US$39.4 million in loans to over 107,100 borrowers.

FINCA DRC invested in technology to service youth from birth to 24 years old, with the support of YouthStart. In less than two years, the point-of-sale (POS) devices FINCA DRC placed in schools tremendously changed the uptake of its savings accounts for youth. Transactions on youth accounts increased by 480%.

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