FINCA Haiti - TCX The Currency Exchange Fund

FINCA HAITI S.A.
MICROFINANCE CONFERENCE
April,19th 2016
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Mission and Vision of FINCA
Mission
To provide financial services to the world's lowest-income entrepreneurs
so they can create jobs, build assets and improve their standard of living
Vision
To be a global microfinance network collectively serving more low-income
entrepreneurs than any other MFI while operating on commercial principles
of performance and sustainability
2
FINCA Networks
• 30 years of microfinance with positive social impact
• 23 microfinance subsidiaries worldwide, with 1.5
million clients
• Gross loan portfolio: $1.6 billion
• 12,000 employees
3
FINCA Geographic Coverage
EURASIA
Armenia
Azerbaijan
Georgia
Kosovo
Kyrgyzstan
Russia
Tajikistan
FINCA Headquarters
(Washington, DC)
LATIN AMERICA
Ecuador
El Salvador
Guatemala
Haiti
Honduras
Mexico
Nicaragua
AFRICA
DR Congo
Malawi
Tanzania
Uganda
Zambia
MIDDLE EAST &
SOUTH ASIA
Afghanistan
Jordan
Pakistan
4
About FINCA Haïti
1989 Foundation of FINCA Haiti
FINCA was first established in 1989 by John Hatch in the southern side of Haiti, Les Cayes. At this time we
offered village banking loans which enabled merchants with no collateral to access credit.
2009 Before the earthquake
FINCA Haiti had 10 branches nationwide before the earthquake and 12 471clients. We offered Village
Banking Loans and Individual Loans..
2010 After the earthquake
After the earthquake The earthquake destroyed two of our ten branches and the entire portfolio for those
branches was written off. All of our branches and clients were severely affected.
2012 FINCA Haiti: Operations Re-launch
In August 2012 FINCA Haiti restructures operations from an NGO to a commercial entity (Society Anonym).
With the appointment of a new Management Team with a mandate to rebuild the institution and establish a
broader business model, while staying truthful to the core mission aspect of improving the livelihood of low
income clients through the provision of financial services.
2016 from Re-launch to Sustainability
After 3.5 years of rebuilding and restructuring we have 8 branches across the country with a portfolio of 9.7
Million USD and 34 761 clients and a PAR30 of 1.5% as of December 2015. 88% of FINCA Haiti’s clients are
women. We now offer four products and have empowered our clients to make mobile payments.
5
FINCA Haiti’s Branch network: 8
branches + Head Office
Cap Haitian
Gonaives
SaintMarc
PAP
Cayes
Jacmel
6
Our Products and services
We offer four types of loans:
•
•
•
•
Agricultural loan
Individual loan
Village banking
Small and Medium enterprises loan
We allow our clients to :
•
•
•
•
Make reimbursement within our branches
Make mobile reimbursement
Exchange money
Transfer money locally and internationally
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FINCA Haiti Evolution
Dec 2012
Active clients
Gross Loan
portfolio
Dec 2015
2,445
34,761
$300,000
$9.7 million
8
Staff Evolution
300
250
200
Total employes
150
Total Loan Officers
100
50
0
Dec. 2012
Dec.2013
Dec.2014
Dec.2015
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Portfolio Distribution (USD)
107,343
2,435,414
3,284,604
2,811,099
IL
VB
PME
AGRO
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Product Characteristics
VB
IL
SEL
AgL
Amounts
( min – max ) in
USD
40 - 500
500 - 9,000
9,001 – 50,000
200- 9,000
Tenor ( min max ) in months
4-8
4- 24
6- 24
4- 12
VB - Village Banking Lending; IL – Individual Lending; SEL – Small Enterprise Lending; AgL – Agriculture Lending
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FINCA Haiti Mobile Financial Services –
Progress and Results
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Background
Expand FINCA’s reach in remote areas at low cost and
1. Goal:
increase convenience for clients + test branchless banking
strategy
2. Process:
FINCA clients can repay their loans free using
Digicel’s Mobile Money (Mon Cash)
3. Service started in 2013 with little uptake
=> From August 2015 – April 2016 a team of 3 consultants are
helping FINCA with financial support of SCBF
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Concrete Results
Mobil Repayments
Repport Repayments
5,340
3,769
1,894
1,412
978
924
15-Oct
15-Nov
766
343
15-Aug
15-Sep
15-Dec
16-Jan
16-Feb
Mars-16
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Clients Stories…
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Thomas Louiny , AKA “Poze” at the start was selling water in the streets using his bicycle.. He had 7 cycle in a
village banking group and now is on his 3rd cycle of Individual Loan. Mr. Louiny had now a store of
beverages, food and more. “FINCA is my best partner”
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CHALLENGES
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