Watching the fútbol festivities over the past month has taught me much and more about the power of sport – its ability to unite nations toward a common cause, create hope for the future, and celebrate the victories of others as one’s own.
What if these same responses – unity, hope for the future, and celebration of success – also happened each and every time a poor entrepreneur pulled herself out of poverty?
In Honduras – a player in this summer’s games – FINCA reaches nearly 20,000 individuals, and we consider each success akin to a game-winning goal. For Ana Osorio, that goal was receiving a FINCA loan for her cheese business, allowing her to buy greater quantities of milk at better prices. Initially clearing just US$2 in profit per day, Ana has nearly quadrupled her earnings, allowing her to better provide for herself and her family.
Join FINCA as we celebrate the success of Ana and the over one million other microentrepreneurs in 22 countries who have benefitted from FINCA loans – and show your support today.
Thank you for your generosity.
Better Than Commercial Banks
We have always been proud of our FINCA (Foundation for International Community Assistance) clients and the success they achieve. After all, they have an astounding on-time loan repayment rate of over 98 percent – as good or better than many commercial banks expect.
But today, we’re writing to you with a very special message: Our client success is now the best we’ve ever seen!
When our over one million micro-entrepreneurs get the hand up they need, we never cease to be amazed at how far they go – entrepreneurs like Victoria Banda of Zambia. A 36-year-old woman who never finished primary school, she is now the main income earner for herself, her parents, and her two sisters. Starting with a loan of just $20, she now operates her own store and helps her younger sister through college.
That’s a lot to accomplish for someone who started with just $20!
We’re blown away by FINCA clients like Victoria – and hers is just one of many incredible success stories. They do the hard work to get ahead, but that first step towards success would never have been possible without people like you. When you provide an entrepreneur with a microloan, you are the turning point on their path to independence and opportunity.
Thank you for your generosity.
This summer, we will ooh and aah over comic book heroes in the movies – supermen and superwomen who use their fantastical powers to affect the lives of others, for good or for evil.
While we know these superheroes are fictional characters, there are, in fact, heroes walking among us. Meet FINCA’s Superwomen, the next generation of superheroes.
Catarina Yolanda Yac de Leon (Guatemala) – Born without a right arm, Catarina was taunted by other children who called her “good for nothing.” As she grew older, Catarina began making beaded belts to help earn additional income for her family. With a FINCA loan, Catarina has learned from other entrepreneurs, been able to buy more materials, and has sold almost all the belts she has made to date!
Berna Naiga (Uganda) – Berna has been a rock of support for her family. Living with HIV/AIDS has not kept her from supporting 10 orphaned nieces and nephews, children of siblings who have died of AIDS. Thanks to a FINCA loan, Berna has maximized her many entrepreneurial talents, from raising cattle, to running small businesses, to managing rental properties. All while caring for her children!
While these women may argue that they’re “normal,” their strength of character and wills of iron in the face of adversity prove otherwise. FINCA is proud to stand with the next generation of superheroes – women around the world who are lifting themselves out of poverty.
However, no superhero is an island – everyone needs someone in his or her corner. Root for superwomen like Catarina and Berna today. Give a FINCA loan, and fly high with modern-day heroes.
Tailoring Tradition to Create Opportunities
Cultivating a sense of community isn’t always easy, especially when you can’t freely move around your neighborhood without a man accompanying you, or when you’re faced with the possibility that explosions can happen anywhere, any time. But that doesn’t keep FINCA Afghanistan client Nafisa from sharing her tailoring expertise with 20 students, eager to learn her secrets for success, and building a thriving business, both at home and abroad, that’s opening new doors for her daughter.
Nafisa is 50 years old and has decades of experience designing and sewing traditional Afghani dresses. Her expertise and attention to detail are well known in Mandavi, where she lives with her husband, daughter and two sons. But her tailoring skills are known beyond the confines of her community, as she sells her creations to five shops in Kabul, as well as filling orders that come in from Canada and the US.
Today, Nafisa’s 20 students not only learn from her, they help her produce the orders that continue to increase her business. And while she takes great pride in their accomplishments, her greatest sense of pride comes from the fact that her 22-year-old daughter is in college, studying to be a nurse, opening up a whole new career path that wouldn’t be possible without the support she’s received through FINCA loans.
“Without FINCA’s loans,” Nafisa says, “my family, and especially my daughter, would not have the kind of life we have today. I am so grateful that we’re looking at a brighter future.”
Read more stories of FINCA clients >>