This article was originally published on Triple Pundit. 2020’s arrival started a ticking clock on our most urgent global development goals—most notably, the United Nations’ Sustainable Development Goals (SDGs). While the New Year saw commentary flood the mainstream media with calls for much-needed action on climate change, on another crucial issue with an associated SDG—striving for no poverty by 2030—there has been little discussion. The prospects for no poverty by 2030 seem daunting: According to UN’s Secretary-General Antonio Guterres, the world is largely off-track to achieve the SDGs within the time frame. If we fail, it won’t be because we lack the tools, or even the money, although the distribution of the latter leaves the outcome in serious doubt. But make no mistake: SDG #1, No Poverty, is achievable, and if we act swiftly and collectively, we can get there.
Horizon Magazine covers how actress Lana Parrilla has become an ambassador for FINCA Canada to help create empowerment and dignity for women in developing countries. Read the full article »https://horizontravelmag.ca/2018/04/24/lana-parrilla-finca-canada/
FINCA Canada Executive Director, Stéphanie Émond, talks with CNBC Africa on how a partnership with Mastercard Foundation is driving financial inclusion in sub-Saharan Africa. Read the full article here » https://www.cnbcafrica.com/apo/2018/03/01/finca-trailblazes-digital-financial-inclusion-drive-in-tanzania/
Rupert Scofield talks to Glint on international development, microfinance and technology. Read the full interview>>
CNBC Africa details the $1 million agreement between IFC, the MasterCard Foundation and FINCA to expand digital financial services in the DRC. Read the full article>>>
As 2015 comes to a close, what’s in store for microfinance? What will it look like in five or ten years’ time, and did 2015 give us a glimpse of the future? Rupert Scofield, President and CEO of FINCA, reflects. Read the article here>>>
Matthew Glynn of The Independent travels to Nicaragua to meet FINCA founder Rupert Scofield and discovers how FINCA’s financial services helps to change the lives of low-income entrepreneurs. Among the FINCA clients he meets is Dona Julia Lilliam Ramirez, who runs a grocery store. “A client of FINCA for 19 years, she used her first loan to buy cleaning products in Managua to sell in the nearby villages,” Glynn writes. “She now uses the proceeds of her business to feed poor children in the neighborhood. ‘Gracias a dios, gracias a dios primero, y Rupert segundo,’ she says during our meeting. ‘Thanks be to God, thanks be to God first and Rupert second.'” Glynn meets 15 other FINCA clients with similar stories, including a mother and daughter who sells tortillas and a man who employs four people to run a plant nursery. “Without banks like FINCA,” Glynn concludes, “they wouldn’t have stood a chance.” Read the full article >>
Recently, Jane Keltner de Valle, Fashion Director of Glamour Magazine, traveled with designer Rebecca Minkoff and actress Jessica Alba to Guatemala to visit FINCA clients in the country. Minkoff and Alba were sourcing textiles from women who hand-weave intricate fabrics to support their families. Crossing the Guatemalan landscape of volcanoes, lakes and small villages, Keltner de Valle discovers the importance of supporting low-income women.
“Empowering these women makes a difference,”writes Keltner de Valle. “In Guatemala, girls traditionally stop attending school at around 10 years of age to help take care of their younger siblings, while their brothers continue to receive an education. However, as more and more women become financially independent through small businesses like those we’re visiting, they not only help pull their communities out of poverty, but they also force cultures to acknowledge the power of their female citizens.” Minkoff and Alba will be launching the RxMHonest bag line, which uses textiles hand-woven by FINCA female entrepreneurs in Guatemala. Proceeds from the sales of the bag will help support FINCA’s work of empowering hardworking, low-income people around the world to expand their businesses, take part in the economy and generate income for their families. “We’re entrepreneurs, so that passion comes from a very real place for both of us,” says Alba. “Rebecca and I know firsthand how difficult it is to start a company and stay in business. To not have any resources on top of that? FINCA gives these people an opportunity.” Read the full article here »