Photos: Yvonne Suter
Posted on September 7, 2012 at 5:00
FINCA provides credit/life insurance to more than 1.3 million clients in Latin America and Africa by adding a small fee to their overall loan? In some countries, this also includes helping defray funeral costs, thus freeing the family from incurring additional hardship.
In Ecuador, Guatemala, Honduras, Mexico and Nicaragua, both clients and spouses are covered:
629,328 total people insured
In Malawi, Tanzania, Uganda and Zambia, clients and up…
Posted on August 13, 2012 at 16:17
51% fall in word population living below the poverty line betwen 1990 and 2008l according to the World bank ....Despite a global recession and surging food prices, poverty has been falling in all parts of the globe for the first time since the World bank started collecting figures in 1981.
In 2010 the number of people living on less that $1.25 a day - the Bank's definition of extreme poverty- was about half the level it was in 1990. As a result the world hit the UN's target of halving…Continue
Posted on August 10, 2012 at 16:23
Following is a report from Craig Palsson, FINCA Research Fellow working in Haiti to complete their first FCAT since 2007.
This week I visited the Hinche branch, the smallest one in the country. I enjoy the rural areas because they are noticeably more peaceful and safer than Port-au-Prince, and I especially enjoy them because of the people’s demeanor. In Port-au-Prince, you often find people seeking money for unvalued services: carrying…Continue
Posted on July 6, 2012 at 1:02