Omang Oto Okongho's Success Story
We at PHYTO5 hope you'll join us in supporting this worthwhile cause, helping entrepreneurial women in underdeveloped countries...
In Nigeria, over 70 percent of women lack access to basic financial services, like savings accounts or loans. Omang Oto Okongho isn’t one of them anymore. This restaurant owner thanks FINCA’s financial services and the support of donors for helping make a new future for herself and her family.
Every day, entrepreneurs in 23 countries come to FINCA with a shared purpose: to create a brighter future.
FINCA is leading the way in expanding access to social responsible financial services in underserved and low-income communities. Access to credit, savings accounts and transfer services allow people to be more productive in their small businesses and to have more control over their lives. According to the World Bank, approximately 2 billion people don’t yet use formal financial services.
To many people in the developing world, a loan of $100, $500 or $2,500 is a fortune. It's enough to make investments that make their business far more productive. They might buy a used sewing machine to make dresses faster than they could if sewing by hand. They might invest in a refrigerator to keep the food in their small restaurant from going bad overnight. They might buy equipment to irrigate crops for better yields or bale hay for faster storage and sale.
Whatever their need, all FINCA clients share the dignity and purpose that comes with owning their own businesses and working to care for their families. They share the excitement that comes from opening a first bank account. They share the dream of making a better world and life for their children.
FINCA is an effective steward of donor contributions. Since 1984, the organization has been committed to making sure that donors' faith in their ability to manage contributions is unshakeable, and that each dollar donated has the maximum impact on the lives of the low-income families they serve.
FINCA and its global affiliates spend 96 cents of every dollar to support its programs as reflected in their consolidated financial statements.
Even a small donation can make an enormous difference. You can start with joining FINCA'S email list. Go here and scroll all the way down to "Email Registration."
“FINCA changed my life,” Omang says. “It helped me to eat well, buy clothes for my children and pay for my rent.”
- 46% LIVE BELOW POVERTY LEVEL.
- $5,877 IS THE AVERAGE ANNUAL INCOME.
- 56% ARE FINANCIALLY EXCLUDED.
To alleviate poverty through lasting solutions that help people build assets, create jobs and raise their standard of living.
To build a global network of sustainable and scalable social enterprises that improve lives worldwide.
With headquarters in Washington, DC, FINCA International reaches over 1.8 million clients through its 23 subsidiaries in Africa, Eurasia, the Middle East and South Asia, and Latin America. FINCA's outreach is among the broadest and most comprehensive of today’s microfinance institutions.
- 1201 15th Street NW, 8th Floor, Washington, DC 20005