FINCA Haiti Secures 100 Million Gourde Revolving Loan Facility From Banque Nationale DE Crédit

FINCA Haiti S.A. (“FINCA Haiti”) announced today that it has secured a $100 million gourde (approximately $1 M) loan facility with a one-year renewable tenor from Banque Nationale de Crédit (BNC), Haiti’s largest financial institution.

This is the first locally-sourced credit line obtained without a parent company credit enhancement in its 30 years of operation and will give FINCA Haiti stable liquidity with the flexibility and cost efficiency of a credit-line and the added protection against foreign exchange fluctuations without costly foreign currency hedging instruments. The credit line will be used for on-lending to support more than 50,000 microentrepreneurs and small businesses across the country via digital financial inclusion and 12 branches.

About this News Item