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FINCA Canada Launches Emergency Fund in Response to the COVID-19 Pandemic

The fund will provide emergency relief to low-income communities across FINCA's global footprintMONTREAL, April 13, 2020 /CNW/ --A FINCA CanadaA announced today the launch of the FINCA Canada Emergency Response Fund. The fund responds to the immediate and ongoing financial, livelihood and health needs of customers and their communities across FINCA's global network of banks in the face of the COVID-19 pandemic. Donations to the fund will provide flexible financial support to low-income entrepreneurs and mobilize FINCA's financial systema??the FINCA Impact Finance networka??to support vulnerable communities. The fund also will support reliable public health messaging to limit the spread of coronavirus infections and the distribution of relief supplies through FINCA's extensive community-based network, and crisis interventions.
FINCA Canada Launches Emergency Fund in Response to the COVID-19 Pandemic
As the United Nations and the World Health Organization have acknowledged, low-income countries will be hardest hit by COVID-19, where medical equipment, health care workers and government capacity for support are in shorter supply. In addition, larger family sizes, high population densities in urban areas and inadequate access to basic services, like running water for handwashing, will exacerbate the spread of the disease. When markets contract, society's poorest members are most vulnerable to job and income loss.With programs on five continents, FINCA Canada is being rapidly impacted by the pandemic and is quickly responding to the crisis. Through a global network of microfinance institutions and banks (FINCA Impact Finance) and a last-mile distributor of clean energy products (BrightLife), FINCA Canada has direct reach into poor and low-income populations and rural communities where access to health care infrastructure, social safety nets and reliable information are limited. The FINCA Impact Finance network alone directly serves 12,300 cities and villages across 20 countries, employing a workforce of more than 10,300 to meet the needs of 2.7 million clients. This reach, coupled with its nearly four-decade history, has made FINCA a trusted community partner ready to respond to customers with solutions that fit the problems they face.
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