Our History

Our History2018-12-25T10:48:52+00:00

1999
FINCA International establishes the FINCA Charitable Foundation in Armenia aiming to provide financial services to low-income entrepreneurs.

2006
The Central Bank of Armenia registers and licenses FINCA Armenia as FINCA Universal Credit Organization CJSC, entering the company into a new stage of development.

2008
FINCA Armenia is ranked 17th among 100 leading microfinance institutions in terms of high income and low operating costs, as well as effectiveness, transparency and portfolio according to the data published by MIX Market.

2009
FINCA Armenia celebrates its 10th anniversary.

2011
Shares of FINCA UCO CJSC owned by FINCA International, at the time its sole shareholder, are transferred to FINCA Microfinance Cooperative U.A., a Netherlands-based company incorporated by FINCA Microfinance Holding Company LLC and FINCA International.

2012
FINCA Armenia reaches the 50,000-client milestone.

2014
For the second-consecutive year FINCA Armenia is recognized as “The Best Credit Organization” in Armenia according to public opinion polls conducted by Gallup International.

2014
FINCA Armenia celebrates its 15th anniversary.

2015
FINCA Armenia is recognized as “The Best Credit Organization in Armenia” according to public opinion polls conducted by Gallup International.