Overview
What is Finca International Inc?
Finca International Inc is a Washington, D.C.-based nonprofit organization dedicated to financial inclusion. They believe that over 1.7 billion adults worldwide lack access to essential financial products and services, and their focus is on changing that through responsible and sustainable means. The organization is the founder and majority owner of Finca Impact Finance (FIF), a network of 15 community-based micro-finance institutions and banks. FIF provides various financial services to underprivileged clients, including small group loans for micro-entrepreneurs, loans for growing small businesses, agricultural loans, savings accounts, insurance, money transfers, and energy loans. FIF reported disbursing over $1.01 billion in loans and having an average of 3.46 million individuals saving regularly in 2022. They aim to alleviate poverty by helping people build assets, create jobs, and raise their standard of living. Finca International and FIF employ a total of 36 individuals.
Official website here: www.finca.org
Is Finca International Inc legitimate?
Finca International Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Finca International Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $2,487,507
Professional Fundraising Fees: $10,324
Other Salaries and Wages: $6,384,723
For more financial information, click here
Official website here: www.finca.org
What is the mission statement of Finca International Inc?
Finca International Inc is dedicated to promoting the economic and social well-being of low-income individuals, families, and groups worldwide. They achieve this by providing financial assistance, loans, savings accounts, and other opportunities to help people build assets, create jobs, and raise their standard of living. The organization believes that access to basic financial services can bridge the economic gap and foster economic sustainability and self-reliance among underprivileged populations. Finca International is committed to economic opportunity and justice for all, and it advances financial inclusion through a network of micro-finance institutions and banks that offer responsible and impactful financial services to underprivileged clients. These services include loans for micro-entrepreneurs, small businesses, and farmers, savings accounts, insurance, money transfers, and energy loans. In 2022, the network reported over $1 billion in loans disbursed, with an average of 3.5 million individuals saving regularly. Women clients represented nearly 40% of the total clients.
Official website here: www.finca.org
Who is the CEO of Finca International Inc?
Andree Simon is the Principal Officer of Finca International Inc. The CEO's salary of Finca International Inc is $1,405,949 and their total compensation is $1,844,712.
Official website here: www.finca.org
What is the revenue of Finca International Inc?
Who are the executives of Finca International Inc and what are their salaries?
The average compensation at Finca International Inc during 2022 was $246,451. There are 36 employees and 13 volunteers at Finca International Inc.
Here are 24 key members and their salaries (Finca International Inc's CEO's salary is $1,405,949 and their total compensation is $1,844,712):
- Rupert Scofield (President & Ceo (Decd 11/22)) [Trustee/Director]
- Colleen Zakrewsky (Svp, Develop & Ext. Relations)
- Omer Imtiazuddin (Managing Director - Finca Ventures)
- Drew Boshell (Executive Director Affiliate)
- Stefan Grundmann (Chief Operating Officer)
- Kuo-Wei Wang (Vp Of Finance)
- Scott Graham (Vp Of Customer Research)
- Robert Price (Senior Director - Direct Marketing)
- Julie Houser (Director)
- John Hatch (Director)
- Agrina Mussa (Director)
- Avanthi Shah (Director)
- Catherine Mohr (Director)
- Chandresh Harjivan (Director)
- Charles Trevail (Director)
- Daniel Green (Director)
- Daniela Mielke (Director)
- David Weisman (Director)
- James Semakadde (Director)
- John Elkins (Director)
- Jordan Greenaway (Director)
- Richard Williamson (Director)
- Robert Hatch (Chairman) [Trustee/Director]
- Shawn Hassel (Director)
Official website here: www.finca.org
Where can I find the form 990 for Finca International Inc?
The Finca International Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.finca.org
Learn more at the official website: www.finca.org
Mission Statement of Finca International Inc
Finca International Inc, a leading organization in promoting economic and social well-being for low-income individuals and groups around the world, is on a mission to alleviate poverty by helping people build assets, create jobs, and raise their standard of living. The organization firmly believes that access to basic financial services can bridge the economic gap and foster economic sustainability and self-reliance among the underprivileged population.
Through its innovative, responsible, and impactful financial services, Finca International Inc, the founder and majority owner of Finca Impact Finance (FIF), reaches out to nearly 1.7 billion financially excluded adults worldwide. FIF's network of 15 community-based micro-finance institutions and banks amplifies financial inclusion by providing a range of services, including village banking and small group loans, individual loans, agricultural loans, savings accounts, insurance, money transfers, and energy loans.
FIF reported over $1,013,600,000 in loans disbursed and an average of 3,462,775 individuals saving on a regular basis in 2022. Women clients represented 39% of the clients throughout the FIF network. By offering these financial services, Finca International Inc aims to provide economic opportunity and justice for all and contribute to the advancement of financial inclusion.
Impact
This information is meant to be a general summary of Finca International Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Finca International Inc's impact can be seen in their efforts to alleviate poverty by helping people build assets, create jobs, and raise their standard of living. Through their subsidiary, Finca Impact Finance, they are addressing the issue of financial exclusion by providing useful and affordable financial products and services to nearly 1.7 billion adults worldwide who lack access to traditional banking.
Their focus on advancing financial inclusion is crucial as it can bridge the economic gap between the affluent and underprivileged populations, fostering economic sustainability and self-reliance. By offering services such as village banking, small group loans, individual loans for small businesses, exclusive credit options for agrobusinesses, savings accounts, insurance, money transfers, and energy loans, Finca Impact Finance is making a tangible difference in the lives of low-income micro-entrepreneurs and individuals.
In 2022, Finca Impact Finance disbursed over $1 billion in loans, with millions of individuals saving regularly. Their affiliates across various countries served a significant number of clients, demonstrating the widespread impact of their financial services. Additionally, the emphasis on serving women clients, who represented 39% of all clients in the FIF network, highlights their commitment to promoting gender equality and economic empowerment.
Overall, Finca International Inc's impact can be seen in the tangible improvements in the economic and social well-being of low-income individuals and families worldwide, as they provide essential financial assistance, loans, savings opportunities, and other forms of support to empower their clients towards a better future.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BRANCH REVENUE-KOSOVO
Revenue
$12,447,579
FINCA VENTURES INTERES
Revenue
$1,395,438
MANAGEMENT FEES
Revenue
$226,221
OTHER PROGRAM SERVICES
Revenue
$201,812
FINCA IMPACT FINANCE
Revenue
$-12,603,537
Organization Details
Founding Year
1984
Phone
(202) 682-1510
Principal Officer
Andree Simon
Main Address
1201 15TH STREET NW 8TH FLOOR, WASHINGTON, DC, 20005
Website
www.finca.org
NTEE Category
Code: Q123 - International
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