MEXICO CITY and WASHINGTON, June 27, 2016 /PRNewswire-USNewswire/ -- Today, Financiera FINCA, S.A. de C.V. SOFOM E.N. R (FINCA Mexico), a leading microfinance organization, announced it received Client Protection Certification by the Smart Campaign recognizing its strong ethical standards on client care and protection. FINCA Mexico is the fourth FINCA subsidiary to join an exclusive group of certified financial institutions worldwide, including FINCA Bank Georgia, FINCA Kyrgyzstan and FINCA Azerbaijan.
"The certification from the Smart Campaign complements FINCA's deeply-held commitment to responsible banking and treating our clients fairly," said Luis Camacho, CEO of FINCA Mexico. "We are honored that our progress in implementing client-centric standards and policies is being recognized."
For 27 years, FINCA Mexico has provided financial services, such as village banking loans, small group loans and individual loans, to small business owners to increase their income, create jobs and improve lives. The institution caters to the unbanked in Mexico, including over 85 percent of its clients that are low-income women.
The Smart Campaign is a global initiative that certifies the adoption of high ethical standards in the treatment of clients in the microfinance industry. Certification is awarded to financial institutions who institutionalize the Smart Campaign's seven Client Protection Principles, which include: appropriate product design and delivery, prevention of over-indebtedness, transparency, responsible pricing, fair and respectful treatment of clients, privacy of client data, and mechanisms for complaint resolution.
Isabelle Barrès, Director of the Smart Campaign, said, "FINCA Mexico is joining 58 leading microfinance organizations that are setting a high bar for financial institutions to pursue ethical standards. We are proud that FINCA Mexico continues to be leaders in client protection."
About FINCA International
FINCA International's mission is to alleviate poverty through lasting solutions that help people build assets, create jobs and raise their standard of living. For more information, please visit www.FINCA.org or follow us at http://twitter.com/finca.
About FINCA Mexico
Financiera FINCA, S.A. de C.V. SOFOM E.N. R is a microfinance institution providing innovative financial services to more than 122,000 clients through 70 branches nationwide. With a loan portfolio of more than US$35 million at the end of May 2016, FINCA Mexico is part of the global FINCA microfinance network, serving nearly 2 million clients in 23 countries, with a double bottom line of financial sustainability and social performance. For more information, visit http://finca.mx/.
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SOURCE FINCA International