Microfinance giant Finca plans London expansion to tap capital’s cashComments Off on Microfinance giant Finca plans London expansion to tap capital’s cash
Finca, the microfinance giant providing business loans as small as £20 to the world’s poorest people, is expanding its London operations and seeking a high-profile, City director.
The charity’s founder and chief executive, Rupert Scofield, said he was keen to tap into London as a centre to raise funding from philanthropists and link Britain’s burgeoning base of socially-minded businesses with technology that could help its one million clients in the developing world.
Scofield said: “London is one of the burgeoning capitals of social enterprise. There are many interesting people there, both on the entrepreneurial side in areas we are targeting like renewable energy, and on the financing side who are interested in doing something about the world’s big problems.”
Finca has drawn up a list of 100 organisations here that might come up with ideas which could be of value to their clients.
The charity has already begun working with Chiswick-based BBoxx, inventor of a solar-powered energy system that can be controlled and monitored remotely.