Project profile — Financial Inclusion for Micro- Small and Medium-Sized Enterprises


FINCA Canada (CA-CRA_ACR-3805686144)
2017-08-15 - 2023-09-30
Global Affairs Canada
KFM Intl Dev Partnerships & Operations

Country / region 

• Haiti (50.00%)
• Congo, Democratic Republic (50.00%)


• Formal sector financial intermediaries:
Formal sector financial intermediaries (24030) (35.00%)
Informal/semi-formal financial intermediaries (24040) (20.00%)
Education/training in banking and financial services (24081) (15.00%)
• Business And Other Services: Business support services and institutions (25010) (15.00%)
• Agricultural education/training:
Agricultural education/training (31181) (5.00%)
Agricultural financial services (31193) (10.00%)

Policy marker 

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (not targeted)
• Participatory development and good governance (not targeted)
• Trade development (not targeted)
• Biodiversity (not targeted)
• Climate change mitigation (not targeted)
• Climate Change Adaptation (not targeted)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Disaster Risk Reduction(DRR) (not targeted)
• Indigenous Issues (not targeted)
• Disability (not targeted)
• Nutrition (not targeted)
• ICT as a tool for development (not targeted)


The Financial Inclusion Project aims to promote the economic prosperity of low-income women and men in Haiti and the Democratic Republic of Congo by creating a means to increase their income and savings, improve their livelihoods, raise their quality of life, and increase their revenues. Project activities include: (1) increasing the number of people, specifically women, who benefit from financial services through an extension of branches and banking agents and the provision of training; (2) increasing the use of financial services by micro, small and medium-sized enterprises, particularly those controlled by women; (3) increasing the use of agricultural financial services by agricultural entrepreneurs in Haiti; and (4) improving access to mobile savings services and medical insurance for low-income individuals, particularly women in the Democratic Republic of Congo.

Expected results 

The expected outcomes for this project include: (1) improved provision of client-centred, gender-equal, and human rights-based financial services to low-income individuals and entrepreneurs, particularly women, by FINCA Haiti and FINCA Democratic Republic of Congo; (2) increased use of financial services by micro, small and medium-sized enterprises, particularly those controlled by women, in Haiti and the Democratic Republic of Congo; and (3) increased use of financial services and technical assistance on business development, natural resource management (such as water, fertilizer, pesticide, and waste management), and climate change adaptation by agricultural entrepreneurs, particularly those controlled by women, in Haiti.

Results achieved 

Results achieved as of September 2021 include: (1) reached 438,000 low-income people in the Democratic Republic of Congo and Haiti with financial services (36% women); (2) launched the Just for Her loan product in the Democratic Republic of Congo, targeting micro-small, and medium-sized enterprises controlled by women. Also distributed USD 6.6 million to 1,001 women since its release in March 2021; (3) in Haiti, the agricultural loan product continues its success, with beneficiaries doubling in year four and reaching a cumulative total of 2,080 beneficiaries, of whom 83% women who work in the agricultural value chain; (4) cumulatively trained over 216,000 clients in financial literacy (65% women); (5) in Haiti, the number of MonCash users almost doubled from year three to year four, reaching a cumulative total of 18,361 users, as Foundation for International Community Assistance Haiti continued to absorb transaction costs; (6) in the Democratic Republic of Congo, the number of mobile savings clients continued to increase, reaching 158,568 active clients in year four, an increase of 32,000 more active mobile savers than last year; and (7) two new branches opened in the Democratic Republic of Congo, increasing accessibility to financial services for low-income populations living in the regions of Tanganyika (Kalemi) and Haut Uélé (Durba). Digital channels and mobile banking continued to benefit clients in both countries. Also, effective subsidiaries have enabled women's financial inclusion in their countries. Together, these results contribute to increased economic prosperity for low-income people, especially women, in Haiti and the Democratic Republic of Congo.

Budget and spending 

Original budget $0
Planned disbursement $0
Transaction Date Type Value
21-03-2024 Disbursement $299,894
Country percentages by sector
Type of finance Aid grant excluding debt reorganisation
Collaboration type Bilateral
Type of aid Project-type interventions
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