In 2018, FINCA Canada entered into a 5 year partnership with Global Affairs Canada to implement the Financial Inclusion Project, which will promote economic prosperity for low income women and men in Haiti and the DRC by providing them the means to grow their small businesses, increase their incomes, and save for the future. Working with FINCA Haiti and FINCA DRC, we will:
- Create access to financial services for 575,000 low-income individuals and entrepreneurs, notably 363,000 women, in Haiti and DRC;
- Increase the use of financial services by micro, small and medium enterprises (MSMEs), in particular those led by women, through a network of 37 branches and 2,350 banking agents across Haiti and DRC;
- Provide agricultural financial services and technical assistance for business development, natural resource management, and climate change adaptation to 1,400 agricultural entrepreneurs, including 840 women, in Haiti; and
- Improve access to mobile savings and medical insurance for 460,110 and 19,950 low-income individuals, respectively, in the DRC.
Financial Inclusion Project Results
Output (Goal) 1:
Increased use of financial services by MSMEs, in particular those controlled by women, in Haiti and the DRC.
Indicator:
Number of active clients of FINCA Haiti and FINCA DRC, by year, by gender, by product, by region, by age group.
| Haiti | DRC | |
| Baseline (2017) | 43,882 (87.7% women) | 405,009 (53.5% women) |
| Year 1 (2018) | Target: 47,000 (85% women) Actual: Total: 49,679 Women: 44,341 (89.3%) |
Target: 445,281 (55% women) Actual: Total: 331,308 Women: 125,897 (38%) |
| Year 2 (2019) | Target: 50,000 (85% women) Actual: Total: 48,432 Women: 43,236 (89.2%) |
Target: 465,724 (56% women) Actual: Total: 320,090 Women: 102,003 (31.8%) |
| Year 3 (2020) | Target: 53,000 (85% women) | Target: 479,889 (57% women) |
| Year 4 (2021) | Target: 56,000 (90% women) | Target: 494,485 (59% women) |
| Year 5 (2022) | Target: 60,000 (90% women) | Target: 515,000 (60% women) |
Output (Goal) 2:
Increased use of financial services and technical assistance pertaining to business development, natural resource management (such as water, fertilizer, pesticide, and waste management), and climate change adaptation by agricultural entrepreneurs, in particular those controlled by women, in Haiti.
Indicator:
Number of active agriculture clients at FINCA Haiti who have received technical assistance pertaining to business development, natural resource management, and climate change adaptation, by year, by gender, by product, by region, by age group.
| Baseline (2017) | 161 (42% women) |
| Year 1 (2018) | Target: 300 (38% women) Actual: Total: 477 Women: 199 (40%) |
| Year 2 (2019) | Target: 600 (44% women) Actual: Total: 457 Women: 196 (42.9%) |
| Year 3 (2020) | Target: 900 (50% women) |
| Year 4 (2021) | Target: 1,200 (56% women) |
| Year 5 (2022) | Target: 1,400 (60% women) |
Output (Goal) 3:
Improved access to mobile savings services for low-income individuals, women in particular, in DRC.
Indicator:
Number of people who access FINCA DRC’s mobile savings product, by year, by gender, by region, by age group, by account type.
| Baseline (2017) | 0 |
| Year 1 (2018) | Target: 177,850 (55% women) Actual: Total: 294 Women: 90 (31%) |
| Year 2 (2019) | Target: 225,557 (56% women) Actual: Total: 78,108 Women: 12,121 (15.5%) |
| Year 3 (2020) | Target: 286,060 (57% women) |
| Year 4 (2021) | Target: 362,794 (59% women) |
| Year 5 (2022) | Target: 460,110 (60% women) |
Output (Goal) 4:
Loans adapted to microenterprises with financial literacy programs and loans also adapted to SMEs in Haiti and DRC, targeting MSMEs controlled by women.
Indicator:
Number of clients who have been trained in financial literacy, by country, by gender.
| Haiti | DRC | |
| Baseline (2017) | 0 | 0 |
| Year 1 (2018) | Target: N/A Actual: 0 |
Target: 53,504 (45% women) Actual: Total: 53,504 Women: 24,077 (45%) |
| Year 2 (2019) | Target: N/A Actual: 0 |
Target: 91,622 (60% women) Actual: Total: 55,448 Women: 27,421 (49.4%) |
| Year 3 (2020) | Target: N/A | Target: 100,096 (62% women) |
| Year 4 (2021) | Target: N/A | Target: 181,238 (63% women) |
| Year 5 (2022) | Target: 49,200 | Target: 225,963 (64% women) |
