Kiva Refugee Investment Fund Lending $1.5 Million to FINCA Guatemala to Support Returning Migrants
FINCA Guatemala, whose name derives from that of the US-based Foundation for International Community Assistance (FINCA International), recently agreed to borrow USD 1.5 million over two years from the Kiva Refugee Investment Fund, which is managed by Kiva Capital, a unit of the US-based NGO Kiva. The goal is to expand lending to “Guatemalan migrants returning to their home country and locally based entrepreneurs.”
FINCA Guatemala was founded in 1997 and offers medical and life insurance, payment services, mobile airtime purchases, asset finance, credit lines, and group and individual loans. The entity serves 21,000 clients, mostly in the western and central highlands of the country.
Photo courtesy of vasse nicolas,antoine.