Customizing Financial Services to Empower Women

Research shows that crises disproportionately affect women and the COVID-19 pandemic has been no different. Given this, Finca has been using technology to create Fintech products that can help women be more financially included.

For example, FINCA Afghanistan created FINCA’s first women-only branch. In a country where women are especially vulnerable due to marginalization, weak economic participation and discrimination, FINCA is at the forefront of driving economic equality. Furthermore, Finca created an e-wallet called SimSim that is bridging the financial access gap in a country where only 7 percent of women have bank accounts. This enables women to make and receive payments digitally, providing security, privacy and convenience in a country where women are still largely excluded from the marketplace

Moreover, FINCA recently launched a specialized loan in Kosovo designed exclusively for women. The product supports thousands of women involved in agriculture and business and comes with personalized business training for the women entrepreneur