1124 Marie-Anne Street East, Suite 33
Montreal, QC H2J 2B7
Executive Director:
Board President: Rupert Scofield

Charitable Reg. #:80568 6144 RR0001


Ci's Star Rating is calculated based on the following independent metrics:

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Audited financial statements available only upon request.



Grade based on the charity's public reporting of the work it does and the results it achieves.



The demonstrated impact per dollar Ci calculates from available program information.


Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 70 cents are available for programs.

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About FINCA Canada:

Established in 2006, Foundation for International Community Assistance Canada (FINCA Canada) works to help people in poor countries by providing financial services. Its microfinancing program provides a safe place for people to deposit money and offers small loans. As an arm of FINCA International, funds collected by FINCA Canada are used in implementing the microfinancing program and delivering sources of clean energy, water and sanitation, healthcare, and nutrition to poor areas.

FINCA International’s microfinance program is operated in 20 countries, with the most clients in Pakistan followed by DR Congo, Tanzania, Kyrgyzstan, Georgia, and Uganda. FINCA International reports having 2.1 million clients accessing its financial services including savings accounts, insurance, and loans related to business, agriculture, clean energy sources, or water purification. Most of FINCA’s borrowers use their loans to expand an existing business. Along with financial services, FINCA International teaches clients the importance of saving, how to track household expenses, and how to use money effectively.

Up to 14% of FINCA’s borrowers use their loan to make household improvements. This may include purchasing solar lanterns, water purification systems, or safe and efficient stoves.

Results and Impact: FINCA records what borrowers intend to use their loan for and follows up with clients to see if the goal was realized. Reported client success rates are grouped based on original goal: 85% (272,187) success in business expansion, 80% (62,177) in home improvement, 83% (32,290) in starting a business, 60% (17,873) in paying down debts, and 48% (5,550) in paying for education.  

FINCA International has collected employment data from micro-loan recipients in six countries: Azerbaijan, Georgia, Malawi, Pakistan, Tanzania, and Zambia. The charity reports that loans allowed businesses to hire 309,626 employees, representing 23% of all people employed by the enterprises. Of those employed, 50% are paid wages that are high enough to cover the cost of living.

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FINCA Canada is a medium-sized charity with donations of $3.2m in F2017. It recognized $2.9m in grants from MasterCard Foundation, representing more than half of total revenues. Administrative costs are 7% of revenues and fundraising costs are 23% of donations. For every $1 donated, 70 cents go to the cause, falling within Ci’s reasonable range. FINCA Canada has $2.3m in funding reserves which could cover program costs for seven months. This indicates a need for funding.

This charity report is an update that has been sent to FINCA Canada for review. Changes and edits may be forthcoming.

Updated on August 1, 2018 by Madison Kerr.

Financial Review

Financial Ratios

Fiscal year ending December
Administrative costs as % of revenues 7.3%6.2%3.9%
Fundraising costs as % of donations 22.7%15.6%6.4%
Program cost coverage (%) 59.4%82.2%134.5%

Summary Financial Statements

All figures in $000s
Donations 3,1824,6255,328
Goods in kind 034
Government funding 63300
Investment income 2810
Other income 240692
Total revenues 3,8674,6286,025
Program costs - International 3,8345,1084,837
Program costs - Canada 000
Administrative costs 279288232
Fundraising costs 722721341
Cash flow from operations (967)(1,490)614
Funding reserves 2,2774,2016,505

Note: Ci has adjusted for deferred donations/funding, affecting revenues by ($1.2m) in F2017, ($2.0m) in F2016, and ($735k) in F2015. FX gain is included as other revenue, affecting revenues by $24k in F2017, $nil in F2016, and $692k in F2015.

Salary Information

Full-time staff: 2

Avg. Compensation: $68,500

Top 10 staff salary range:

$350k +
$300k - $350k
$250k - $300k
$200k - $250k
$160k - $200k
$120k - $160k
$80k - $120k
$40k - $80k
< $40k

Information from most recent CRA Charities Directorate filings for F2016

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Comments & Contact

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Charity Contact

Website: www.fincacanada.org
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