FinBanc: From Microcredits to Maximum Impact
Every day, across Africa, millions of hardworking individuals with steady incomes struggle to access the capital they need to transform their potential into prosperity. At FinBanc, we’re changing that.
We provide digital microloans to income-verified professionals – teachers, nurses, and civil servants – who use this capital to create side businesses, fund education, and improve living conditions. These aren’t just loans; they’re catalysts that turn one salary into multiple income streams and opportunities.
The Problem
- 350+ million underbanked adults in Africa
- $130B – $170B annual funding gap
- Traditional banks ignore low-income individuals and micro-entrepreneurs
- Lack of access to capital, credit, and financial tools fuels poverty
Our Solution – Phase 1: Microcredit (with Strategic Focus)
- Targeting individuals with steady, verifiable income (e.g., salaried workers, market traders with stable cash flow)
- Small, short-term loans with structured repayment plans
- Mobile-enabled credit checks and disbursement
- Ensures high repayment rates and builds early revenue through interest income
- Foundation for future digital banking services