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FINCA International, Inc.

AKA FINCA

Washington, DC

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FINCA International, Inc.

Also Known As:
FINCA
Physical Address:
Washington, DC 20005 
EIN:
13-3240109
Web URL:
www.FINCA.org
Blog URL:
www.facebook.com/pag...
Leadership:
Mr. Rupert Scofield
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Legitimacy Information

  • This organization is registered with the IRS.
  • This organization is required to file an IRS Form 990 or 990-EZ.

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Forms 990 from IRS Additional Information IRS Form 990 is an annual document used by approximately one-third of all public charities to report information about their finances and operations to the federal government. GuideStar uses data from Form 990 to populate its database with financial information about nonprofit organizations. Posting Form 990 images on the GuideStar Web site is an ongoing process.

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A multi-year analysis of key balance sheet, income statement, profitability and liquidity measures is available for this organization. Financial SCAN includes a detailed financial health analysis and peer comparison and benchmarking tool. Learn More

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Fiscal Year Starting: Dec 31, 2011
Fiscal Year Ending: Dec 31, 2012
Revenue
Total Revenue $261,700,000
Expenses
Total Expenses $202,558,929

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Financial data from Forms 990 for Year 2011, 2010, 2009, 2008, 2007 are included in the GuideStar Premium Report. Upgrade Now Report Added To Cart

A multi-year analysis of key balance sheet, income statement, profitability and liquidity measures is available for this organization. Financial SCAN includes a detailed financial health analysis and peer comparison and benchmarking tool. Learn More

Financial SCAN

Financial SCAN

Key Financial SCAN Features

  • Financial Health Dashboard: Highlights key financial trends and ratios for a selected nonprofit organization over a period of up to five years.
  • Peer Comparison Dashboard: Compares the organization's financials with up to five peer nonprofits that you select.
  • Graphical Analysis: Provides multi-year graphs and an interpretive guide in a format ready to present to your clients.
  • Printable PDF Report: Provides a complete analysis of the organization for your records. The full report tells you what to look for and why it matters.
  • Advanced Search: Allows you to search by EIN (Employer Identification Number), organization name, city, state, revenue, expenses, and assets.



GuideStar Exchange Member

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Basic Organization Information

FINCA International, Inc.

Also Known As:
FINCA
Physical Address:
Washington, DC 20005 
EIN:
13-3240109
Web URL:
www.FINCA.org 
Blog URL:
www.facebook.com/pag... 
NTEE Category:
Q International, Foreign Affairs, and National Security 
Q32 International Economic Development 
S Community Improvement, Capacity Building 
S43 Management Services for Small Business/Entrepreneurs 
Q International, Foreign Affairs, and National Security 
Q33 International Relief 
Ruling Year:
1986 

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Mission Statement

FINCA's mission is to provide financial services to the world's lowest-income entrepreneurs so they can create jobs, build assets, and improve their standard of living.

A multi-year analysis of key balance sheet, income statement, profitability and liquidity measures is available for this organization. Financial SCAN includes a detailed financial health analysis and peer comparison and benchmarking tool. Learn More

Financial SCAN

Financial SCAN

Key Financial SCAN Features

  • Financial Health Dashboard: Highlights key financial trends and ratios for a selected nonprofit organization over a period of up to five years.
  • Peer Comparison Dashboard: Compares the organization's financials with up to five peer nonprofits that you select.
  • Graphical Analysis: Provides multi-year graphs and an interpretive guide in a format ready to present to your clients.
  • Printable PDF Report: Provides a complete analysis of the organization for your records. The full report tells you what to look for and why it matters.
  • Advanced Search: Allows you to search by EIN (Employer Identification Number), organization name, city, state, revenue, expenses, and assets.

Financial Data

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Revenue and Expenses

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Revenue and Expense data from Forms 990 for 2011, 2010, 2009, 2008, 2007 are included in the GuideStar Premium Report. Upgrade Now Report Added To Cart


Balance Sheet

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A multi-year analysis of key balance sheet, income statement, profitability and liquidity measures is available for this organization. Financial SCAN includes a detailed financial health analysis and peer comparison and benchmarking tool. Learn More

Financial SCAN

Financial SCAN

Key Financial SCAN Features

  • Financial Health Dashboard: Highlights key financial trends and ratios for a selected nonprofit organization over a period of up to five years.
  • Peer Comparison Dashboard: Compares the organization's financials with up to five peer nonprofits that you select.
  • Graphical Analysis: Provides multi-year graphs and an interpretive guide in a format ready to present to your clients.
  • Printable PDF Report: Provides a complete analysis of the organization for your records. The full report tells you what to look for and why it matters.
  • Advanced Search: Allows you to search by EIN (Employer Identification Number), organization name, city, state, revenue, expenses, and assets.


Forms 990 Provided by the Nonprofit

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Financial Statements

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Annual Reports

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Leadership (GuideStar ExchangeThe GuideStar Exchange allows nonprofits to regularly update key information directly to GuideStar. It provides richer and broader information about their programs, impact, finances, people and more. January, 2014)

Mr. Rupert Scofield

Profile:

Rupert Scofield, President and CEO Rupert Scofield is an agricultural economist with 30 years of experience in the developing countries of Africa, Latin America, Eurasia, and the Greater Middle East. Mr. Scofield co-founded FINCA in 1984 with John Hatch and has served as its President and CEO since 1994. Under his leadership, FINCA has grown from 60,000 clients and a loan portfolio of $5 million to a true global presence with over 700,000 clients across five continents and a loan portfolio of more than $300 million. Mr. Scofield has expanded FINCA's commitment to serve populations in the most need by advancing FINCA's presence in Africa and leading FINCA's entry into Eurasia and the Middle East. Mr. Scofield is a practitioner at heart and remains actively involved in the management of FINCA’s network of 21 wholly-owned subsidiaries, consistently guiding each program toward self-sufficiency. As an Adjunct Professor at Georgetown University's School of Foreign Service and a frequent keynote speaker, Mr. Scofield seeks to inspire the next generation of microfinance leaders. Prior to FINCA, Mr. Scofield served as the CEO of Rural Development Services, a consulting firm, and as country program director of the AFL-CIO’s Labor Program in El Salvador. He earned two Master of Arts degrees in agricultural economics and public administration from the University of Wisconsin as well as a Bachelor of Arts degree from Brown University, and served in the Peace Corps in Guatemala. Mr. Scofield is fluent in English and Spanish



Officers for Fiscal Year (IRS Form 990)

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Highest Paid Employees & Their Compensation (IRS Form 990)

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Program: Microloan Program

Budget:
$37,192,713
Category:
International, Foreign Affairs & National Security
Population Served:
Adults

Program Description:

FINCA's primary concentration is providing microloans to the very poor through the Village Banking methodology, a means of providing financial services to those who could not otherwise obtain them. We currently operate programs in LATIN AMERICA: Mexico, El Salvador, Guatemala, Honduras, Nicaragua, Ecuador, and Haiti; AFRICA: Zambia, Uganda, Malawi, Tanzania, Democratic Republic of Congo; EURASIA: Georgia, Kosovo, Kyrgyzstan, Armenia, Russia, Azerbaijan, and Tajikistan; GREATER MIDDLE EAST: Afghanistan and Jordan. Village Banking is distinguished from other microcredit methods by the responsibility and autonomy given borrowers in running their banks. Technical Assistance is provided to Village Banking groups to encourage savings and community development activities.

Program Long-Term Success:

Reached more than 725,000 low-income borrowers around the globe - 70% of whom were women - with working capital for self-employment activities through a loan portflio of more than $345 million.

Program Short-Term Success:

Program Success Monitored by:

Program Success Examples:



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Expert Assessment

FINCA serves often under-served populations including the very poor, those in rural areas, and women. FINCA provides other supportive services in addition to their credit programs. They are also known in the sector to have high performance rates on many microfinance industry measurements. Read More »

Expert Reviews and Comments

2012 Philanthropedia Top Nonprofit

This organization is a 2012 Philanthropedia top nonprofit, recommended by experts as having high impact.

These expert reviews were generated through Philanthropedia's research methodology to identify high-impact nonprofits. Learn more


Evidence of Impact

FINCA serves often under-served populations including the very poor, those in rural areas, and women. FINCA provides other supportive services in addition to their credit programs. They are also known in the sector to have high performance rates on many microfinance industry measurements.

Diverse Services
They do a good deal of outreach to the poor. They also have many rural and woman clients. They provide services in addition to credit. Nonprofit Senior Staff
High Performance Rates
They have a strong reputation in the industry of high performance in all the metrics, such as portfolio at-risk (PAR) measurements, interest charged, repayment rates, etc. Foundation Professional
FINCA's past influence was enormous, especially through the dissemination of the village banking model by FINCA's co-founder John Hatch in the late 1980s and early 1990s. Nonprofit Senior Staff

Organizational Strengths

One expert pointed out that FINCA has a staying power, which can be very important in the sector. The organization also demonstrates commitment to its mission by being willing to reach out to clients in very remote areas despite the added costs. FINCA has a strong presence in terms of industry leadership and in terms of their affiliate locations in many countries. These help in driving performance and also in sharing lessons from various regions.

Mission-Driven
The organization has strong leadership and a committed management team. They also have a willingness to sacrifice profits to reach very rural and remote clients. Nonprofit Senior Staff
Longevity
They have longevity and staying power. Foundation Professional
Powerful Presence
Some of their strengths include their simple methodology, leadership in micro-insurance, and the fact that some FINCA affiliates at the national level are very strong performers. Another organizational strength is their presence in several regions, which allows them to exchange experiences and lends to the regions learning from each other. Other

Areas for Improvement

FINCA may want to be mindful of finances in the future. One expert points out that high operating costs have the potential to interfere with their work in the future. One possible solution for that may be to take the advice of another expert, who suggests that the organization improve on their ability to raise funds from the private sector.

Improve Finances
High operating costs could hinder their future operations. Nonprofit Senior Staff
They could become stronger at raising funds from the private sector. Foundation Professional
Examine Organizational Strategy
FINCA is more inward focused than other microfinance support organizations. Actually, FINCA is more organically engaged with its affiliates, which are true subsidiaries of FINCA International. This is because they aspire to be a sort of international bank for the poor. However, their affiliates have not provided influential, guiding examples for the global industry, and FINCA has not projected a distinctive voice or point of view. Nonprofit Senior Staff
FINCA has been operating for 30 years. They have received tens of millions of dollars in donor funding. After all this time and after using all these resources, they still have only a few hundred thousand "clients", if that. FINCA would benefit enormously from an objective look at what they have set out to achieve, what they have actually managed, the rents in the fabric and, if they exist, ways in which to reform their efforts to create genuine change. Other
Keep Client Needs First
They have a well-known brand, but unacceptably high effective interest rates, which can have a negative impact on beneficiaries on the long run. Nonprofit Senior Staff
They are a pioneer of village banking. However, the original concept of village banking as creating independently functioning savings groups has largely vanished, as they have become just another microfinance institutions seeking profit. Nonprofit Senior Staff

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