2022-10-04T07:05:59-05:00 2021-12-31 861065772 DELOITTE TAX LLP 695 TOWN CENTER DRIVE SUITE 1000 COSTA MESA CA 92626 990 2021-01-01 133240109 FINCA INTERNATIONAL INC FINC 2026821510 1201 15TH STREET NW 8TH FLOOR WASHINGTON DC 20005 KUO-WEI WANG VICE PRESIDENT OF FINANCE 2026821510 2022-10-03 1 KUO-WEI WANG 999009999 JOHN W SADOFF JR P00540589 7144367100 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z RUPERT W SCOFIELD 1201 15TH STREET NW 8TH FLOOR WASHINGTON DC 20005 5410722 0 X WWW.FINCA.ORG X 1984 NY ALLEVIATE POVERTY BY HELPING PEOPLE BUILD ASSETS, CREATE JOBS AND RAISE THEIR STANDARD OF LIVING. 17 14 37 15 0 0 17180175 19987198 -1329694 -16997704 215874 310330 438275 550322 16504630 3850146 0 0 0 0 8331303 9092273 566898 486464 1900525 14787846 12170284 23686047 21749021 -7181417 -17898875 220542017 204181104 56618537 52574953 163923480 151606151 X PROMOTE THE ECONOMIC AND SOCIAL WELL BEING OF LOW-INCOME INDIVIDUALS, FAMILIES AND GROUPS THROUGHOUT THE WORLD PROVIDING FINANCIAL ASSISTANCE, LOANS, SAVINGS ACCUMULATION, AND OTHER OPPORTUNITIES AND ASSISTANCE. 0 0 358551 -31851974 FINCA IMPACT FINANCE:NEARLY 1.7 BILLION ADULTS AROUND THE WORLD REMAIN FINANCIALLY EXCLUDED WITHOUT ACCESS TO USEFUL AND AFFORDABLE FINANCIAL PRODUCTS AND SERVICES DELIVERED IN A RESPONSIBLE AND SUSTAINABLE WAY. THE PREDOMINANT GROUP AMONG THE FINANCIALLY EXCLUDED IS COMPRISED BY UNEMPLOYED OR LOW-INCOME INDIVIDUALS GIVEN THE HIGH COSTS ASSOCIATED WITH TRADITIONAL BANKING. FOR FINCA INTERNATIONAL, THE ADVANCEMENT OF FINANCIAL INCLUSION IS OF PIVOTAL IMPORTANCE CONSIDERING THAT ACCESS TO BASIC FINANCIAL SERVICES CAN BRIDGE THE ECONOMIC GAP BETWEEN THE HAVES AND HAVE-NOTS. FURTHERMORE, IT CAN FOSTER ECONOMIC SUSTAINABILITY AND SELF-RELIANCE AMONG THE UNDERPRIVILEGED POPULATION. FINCA INTERNATIONAL FIRMLY BELIEVES IN ECONOMIC OPPORTUNITY AND JUSTICE FOR ALL AND THEREFORE IS COMMITTED TO PURSUE THE ADVANCEMENT OF FINANCIAL INCLUSION.FINCA INTERNATIONAL IS THE FOUNDER AND MAJORITY OWNER OF FINCA IMPACT FINANCE (FIF), A NETWORK OF 20 COMMUNITY-BASED MICRO-FINANCE INSTITUTIONS AND BANKS THAT AMPLIFIES FINANCIAL INCLUSION THROUGH INNOVATIVE, RESPONSIBLE, AND IMPACTFUL FINANCIAL SERVICES TO UNDERPRIVILEGED CLIENTS. SERVICES PROVIDED BY FIF INCLUDE: VILLAGE BANKING AND SMALL GROUP LOANS TARGETED TO LOW-INCOME MICRO-ENTREPRENEURS; INDIVIDUAL LOANS TO SUPPORT THE GROWTH OF SMALL BUSINESSES GROWTH AND JOB CREATION; LOANS WITH EXCLUSIVE REPAYMENT CONDITIONS FOR CLIENTS IN AGROBUSINESSES WHO ARE IN NEED OF PURCHASING SEEDS, FERTILIZER, LIVESTOCK AND EQUIPMENT; SAVINGS ACCOUNTS TO PROMOTE RELIEF AGAINST DIFFICULT TIMES; CREDIT, DISABILITY AND FUNERAL INSURANCE TO LESSEN FINANCIAL STRESS ASSOCIATED WITH MAJOR OR UNEXPECTED EXPENSES; MONEY TRANSFERS CARRIED OUT IN A SAFE AND AFFORDABLE WAY; AND, ENERGY LOANS TO PURCHASE OR LEASE CLEAN ELECTRICITY SYSTEMS OR PRODUCTS.FOR 2021, FIF REPORTED A TOTAL OF $852 MILLION IN LOANS DISBURSED, OVER 2,670,000 INDIVIDUALS SAVING ON A REGULAR BASIS ADDING UP TO $435 MILLION IN VOLUNTARY DEPOSITS, AND 39% OF CLIENTS WHO WERE WOMEN.FOR THAT SAME YEAR, FIF'S AFFILIATES AROUND THE WORLD REPORTED THE FOLLOWING NUMBERS OF CLIENTS OR BENEFICIARIES OF FINANCIAL PRODUCTS AND SERVICES:DRC: 369,494MALAWI: 162,299NIGERIA: 7,015TANZANIA: 427,078UGANDA: 123,146ZAMBIA: 21,544ARMENIA: 26,393 AZERBAIJAN: 19,220GEORGIA: 58,626KYRGYZSTAN: 196,682 TAJIKISTAN: 32,721ECUADOR: 51,617 GUATEMALA: 21,901HAITI: 60,457HONDURAS: 74,564NICARAGUA: 1,187AFGHANISTAN: 19,379JORDAN: 29,063 PAKISTAN: 1,327,315 1675990 0 FINCA PLUS:FOR OVER 30 YEARS, FINCA HAS DEMONSTRATED THAT ACCESS TO RESPONSIBLE FINANCE IS AN IMPORTANT TOOL FOR STRENGTHENING THE ECONOMIC SECURITY OF POOR AND LOW-INCOME FAMILIES. AT THE SAME TIME, FINCA HAS REALIZED THAT IT IS ESSENTIAL THAT ACCESS TO FINANCE CAN BE USED ON NON-FINANCIAL GOODS, SUCH AS CLEAN ENERGY PRODUCTS, WHICH ARE CRITICAL FOR IMPROVING A FAMILY'S HEALTH, WELLBEING AND INCREASING PRODUCTIVITY. FINCA PLUS LLC (D.B.A. IN UGANDA AS BRIGHTLIFE) IS A SOCIAL ENTERPRISE CREATED BY FINCA WHICH PAIRS ACCESS TO FINANCE WITH ACCESS TO ENERGY TO UNLOCK PRODUCTIVITY AND WELLBEING FOR THE POOR. BRIGHTLIFE PROVIDES LIFE-ENHANCING PRODUCTS SUCH AS SOLAR HOME SYSTEMS AND IMPROVED COOKSTOVES TO THE BOP MARKET AT AFFORDABLE RATES. AS IMPORTANTLY, AND ALIGNED WITH FINCA'S MICRO-LENDING ACTIVITIES, BRIGHTLIFE FINANCES THESE AFFORDABLE PRODUCTS UTILIZING PAYGO TECHNOLOGY, SO THAT INDIVIDUALS CAN ACCESS THESE LIFE-ENHANCING PRODUCTS THAT THEY MIGHT NOT OTHERWISE BE ABLE TO AFFORD.IN 2021, BRIGHTLIFE EMPLOYED 65 FULL-TIME EMPLOYEES IN UGANDA AND HAD A COMMISSION-BASED SALES DISTRIBUTION NETWORK OF APPROXIMATELY 200 AGENTS. BRIGHTLIFE SOLD 7,500 PRODUCTS OVER THE YEAR WHICH IMPROVED THE LIVES OF APPROXIMATELY 50,000 UGANDANS. 387661 290830 FINCA VENTURES: FINCA VENTURES INVESTS IN EARLY-STAGE COMPANIES THAT OFFER AFFORDABLE, HIGH-QUALITY AND LIFE-ENHANCING PRODUCTS AND SERVICES. AT PRESENT, FINCA VENTURES HAS INVESTMENTS IN HEALTH, FINTECH, AGRICULTURE, LIVELIHOODS, ENERGY, EDUCATION, WATER AND SANITATION. FINCA VENTURES PORTFOLIO COMPANIES DIRECTLY CONTRIBUTE TO 14 OF THE 17 SDGS. COMPLEMENTING OUR EFFORT TO ALIGN IMPACT GOALS TO THE SDGS, FINCA VENTURES ASSESSES PORTFOLIO COMPANIES ACROSS THREE DIMENSIONS OF IMPACT WHICH ARE SCALE, DEPTH AND THE TARGET POVERTY LEVEL OF END-CUSTOMERS. SCALE AND DEPTH OF IMPACT HAVE INHERENT TRADEOFFS. KEEPING THESE TRADEOFFS IN MIND, FINCA VENTURES SUPPORTS PORTFOLIO COMPANIES ACROSS THIS SPECTRUM AS IT SEEKS TO MAXIMIZE PRODUCT AND SERVICE TO INCREASE SOCIAL IMPACT. FINCA VENTURES SUPPORTED 18 PORTFOLIO COMPANIES THAT DELIVERED LIFE-ENHANCING PRODUCTS AND SERVICES IN 27 COUNTRIES GLOBALLY IN 2021.IGNITIA: 1,962,641 SMALLHOLDER FARMERS RECEIVED ACCESS TO LOCAL WEATHER FORECASTS IN WEST AFRICA.EAST AFRICA FRUITS: 5,004 SMALLHOLDER FARMERS CONNECTED TO 4,579 SMALL, INFORMAL VENDORS IN TANZANIA, ALLOWING FOR BOTH GROUPS TO IMPROVE THEIR INCOMES.GOOD NATURE AGRO: 27,923 SMALLHOLDER FARMERS (39 PERCENT OF WHOM ARE FEMALE) REACHED IN ZAMBIA AND MALAWI.MERIDIA: 123,549 HECTARES MAPPED AND 8,699 SMALLHOLDER FARMERS PROVIDED WITH LAND DOCUMENTATION SINCE INCEPTION IN GHANA, COTE D'IVOIRE AND INDONESIA.YYTZ: 1,037 SMALLHOLDER FARMERS (45 PERCENT OF WHOM ARE FEMALE) RECEIVED HIGHER CASHEW PRICES IN TANZANIA.IMALIPAY: 24,605 GIG ECONOMY WORKERS PROVIDED WITH ACCESS TO SAVINGS AND LOAN PRODUCTS IN KENYA AND NIGERIA.JEFA: 2,580 WOMEN RECEIVED ACCESS TO FINANCIAL LITERACY TRAINING IN MEXICO.KUUNDA: 12M DISBURSEMENTS, TOTALING $128M, TO 105K REGISTERED MOBILE MONEY AGENTS SINCE INCEPTION IN TANZANIA.KWARA: 51 SACCO / CREDIT UNION CLIENTS FULLY DIGITIZED SERVING 65,240 END USERS IN KENYA.MDAAS GLOBAL: 65,581 PATIENTS (64 PERCENT OF WHOM ARE FEMALE) GAINED AFFORDABLE DIAGNOSTIC SERVICES SINCE 2017 IN NIGERIA.SISU GLOBAL: 740 MANUAL AUTOTRANSFUSION CONSUMABLES SOLD THROUGH DISTRIBUTION PARTNERS IN EAST AFRICA TO BE USED IN SURGERIES TO RECYCLE A PATIENT'S OWN BLOOD.SANIVATION: 1,089 METRIC TONS OF FECAL SLUDGE CONVERTED TO FUEL SUBSTITUTES, SAVING 33,894 TREES IN KENYA.JIBU: 333M LITERS OF CLEAN WATER PROVIDED TO CUSTOMERS AND 3,108 JOBS SUPPORTED THROUGH 147 FRANCHISES SINCE 2014 IN EAST AFRICA.AMPED INNOVATION: 29,964 FAMILIES BENEFITED FROM 2,295 MWH OF CLEAN ENERGY IN EAST AND WEST AFRICA.ENEZA EDUCATION: OVER 11M QUIZZES TAKEN BY 1,199,979 ACTIVE LEARNERS IN KENYA.PENDA: 128,346 PATIENTS VISITED ONE OF 21 AFFORDABLE PRIMARY CARE CLINICS IN KENYA.NATURELOCK: 25.3 METRIC TONS OF FOOD WASTE SAVED FROM SOURCING FROM 800 SMALLHOLDER FARMERS IN KENYA.FLOATPAYS: 10,249 EMPLOYEES PROVIDED WITH EARLY WAGE ACCESS IN SOUTH AFRICA. 8691023 14245024 FINCA KOSOVO BRANCHFINCA KOSOVO ADHERES TO FINCA INTERNATIONAL'S MISSION OF ALLEVIATING POVERTY THROUGH LASTING SOLUTIONS THAT HELP PEOPLE BUILD ASSETS, CREATE JOBS AND RAISE THEIR STANDARD OF LIVING. FINCA KOSOVO, MANAGED UNDER FINCA IMPACT NETWORK, IS AN UNCONVENTIONAL COMMUNITY-BASED BANK THAT PROFITABLY AND RESPONSIBLY PROVIDES INNOVATIVE AND IMPACTFUL FINANCIAL SERVICES THAT ENABLE LOW-INCOME INDIVIDUALS AND COMMUNITIES TO INVEST IN THEIR FUTURES.FINCA KOSOVO PROVIDES FINANCIAL SERVICES TO CLIENTS THROUGH 30 BRANCHES THROUGH THESE SERVICE OUTLETS, AND ITS 265 EMPLOYEES, FINCA KOSOVO OFFERS THE FOLLOWING CREDIT PRODUCTS TO MICRO-ENTREPRENEURS: WOMEN ENTREPRENEUR LOAN, AGRICULTURAL LOAN, BUSINESS LOAN, HOME IMPROVEMENT LOAN, LIFE IMPROVEMENT LOAN, FAST LOAN, AND VEHICLE REGISTRATION LOAN.SINCE 2016, FINCA KOSOVO IS CERTIFIED BY THE SMART CAMPAIGN FOR 'CUSTOMER PROTECTION'. THIS OFFICIAL ACKNOWLEDGMENT WAS MADE AFTER AN IN-DEPTH ASSESSMENT OF ALL FINCA KOSOVO'S PROCESSES AND POLICIES AND HIGHLIGHTED FINCA'S SERIOUS COMMITMENT TO HIGH ETHICAL STANDARDS IN HANDLING ITS CLIENTS. THESE INCLUDE DESIGNING AND PROVIDING THE RIGHT PRODUCTS, PREVENTING CUSTOMER OVERLOAD WITH DEBT, TRANSPARENCY, RESPONSIVE PRICES, TREATING CUSTOMERS FAIRLY AND WITH RESPECT, MAINTAINING CUSTOMER DATA PRIVACY, AND COMPLAINTS HANDLING MECHANISMS. FURTHERMORE, IN 2020, FINCA KOSOVO, ANNOUNCED ITS RECERTIFICATION FOR THE SECOND TIME BY MICROFINANZA RATING (MFR) WITH CLIENT PROTECTION CERTIFICATION. THIS AWARD IS AN ATTESTATION TO FINCA KOSOVO'S COMMITMENT TO CONTINUE UPHOLDING INDUSTRY-LEADING CLIENT PROTECTION STANDARDS IN PROVIDING RESPONSIBLE FINANCE AND IS COMMITTED TO HIGH ETHICAL STANDARDS IN THE TREATMENT OF ITS CLIENTS.BY DECEMBER 2021, FINCA KOSOVO'S CLIENTELE HAD INCREASED TO 22,930 INDIVIDUALS, 715 MORE CLIENTS THAN THE SAME MONTH IN THE PREVIOUS YEAR. 23.5% OF THESE CLIENTS WERE WOMEN. THE TOTAL LOAN AMOUNT DISBURSED DURING THE YEAR ADDED $54 MILLION IN 17,500 TOTAL LOANS DISBURSED. 6421261 318416 OTHER PROGRAM SERVICES 15112284 14563440 17534486 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 0 1 0 1 1 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 0 0 1 X 30 0 1 37 1 0 1 AF AJ AM CG EC GG GT HA HO JO KG KV MI NI NU PK TI TZ UG ZA 0 0 0 0 0 0 0 0 0 0 X 17 14 1 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 AK AL AR CA CT FL GA HI IL KS KY LA MA MD MI MN MS NH NJ NM NY OK OR PA RI SC TN UT VA WI WV X X KUO-WEI WANG 2026821510 1201 15TH ST NW 8TH FLOOR WASHINGTON DC 20005 RUPERT SCOFIELD PRESIDENT & CEO 40.00 10.00 X X 380973 0 62548 JULIE HOUSER DIRECTOR (BEG. 12/21) 30.00 0.00 X 49038 0 35120 JOHN HATCH DIRECTOR 5.00 0.00 X 72943 0 0 AGRINA MUSSA DIRECTOR 5.00 0.00 X 0 0 0 AVANTHI SHAH DIRECTOR 5.00 0.00 X 0 0 0 CATHERINE MOHR DIRECTOR 5.00 0.00 X 0 0 0 CHANDRESH HARJIVAN DIRECTOR 5.00 0.00 X 0 0 0 CHARLES TREVAIL DIRECTOR 5.00 0.00 X 0 0 0 DANIEL GREEN DIRECTOR 5.00 0.00 X 0 0 0 DANIELA MIELKE DIRECTOR 5.00 0.00 X 0 0 0 DAVID WEISMAN DIRECTOR 5.00 5.00 X 0 0 0 JAMES SEMAKADDE DIRECTOR 5.00 0.00 X 0 0 0 JOHN ELKINS DIRECTOR 5.00 5.00 X 0 0 0 JORDAN GREENAWAY DIRECTOR 5.00 0.00 X 0 0 0 RICHARD WILLIAMSON DIRECTOR 5.00 5.00 X 0 0 0 ROBERT HATCH CHAIRMAN 5.00 5.00 X 0 0 0 SHAWN HASSEL DIRECTOR 5.00 5.00 X 0 0 0 KUO-WEI WANG VP OF FINANCE (BEG. 01/21) 40.00 0.00 X 161823 0 13989 COLLEEN ZAKREWSKY SVP, DEVELOP & EXT RELATIONS 40.00 0.00 X 239730 0 29475 OMER IMTIAZUDDIN MANAGING DIRECTOR - FINCA VENTURES 40.00 0.00 X 228700 0 3521 DREW BOSHELL EXECUTIVE DIRECTOR AFFILIATE 40.00 0.00 X 188976 0 21096 STEFAN GRUNDMANN CHIEF OPERATING OFFICER 40.00 0.00 X 169480 0 22914 SCOTT GRAHAM VP OF CUSTOMER RESEARCH 40.00 0.00 X 165311 0 27079 ROBERT PRICE SENIOR DIRECTOR - DIRECT MARKETING 40.00 0.00 X 131150 0 49741 1788124 0 265483 16 0 1 0 INTEGRATED DIRECT MARKETING 1250 CONNECTICUT AVENUE NW 700 WASHINGTON DC 20036 ADVERTISING AND PROMOTION 3483335 NAMES IN THE NEWS 180 GRAND AVENUE SUITE 1365 OAKLAND CA 94612 DIRECT MAIL LIST RENTAL AND EXCHANGE BRO 332309 DELOITTE AND TOUCHE LLP 7900 TYSONS ONE PLACE SUITE 800 MCLEAN VA 22102 AUDIT AND TAX SERVICES 290370 FINCA MICROFINANCE GLOBAL SERVICES LLC 1201 15TH STREET NW 8TH FLOOR WASHINGTON DC 20005 SUPPORT AND IT SERVICES 272497 SOFTCHOICE CORPORATION 7900 WESTPARK DRIVE SUITE T400 MCLEAN VA 22102 IT AND SOFTWARE SOLUTIONS 153230 8 850855 19136343 649490 19987198 BRANCH REVENUE-KOSOVO 900099 14245024 14245024 FINCA VENTURES INTERES 900099 290830 290830 MANAGEMENT FEES 900099 203745 203745 OTHER PROGRAM SERVICES 900099 114671 114671 FINCA IMPACT FINANCE 522298 -31851974 -31851974 -16997704 310330 310330 713759 1041179 -327420 -327420 -327420 1397139 519397 877742 877742 3850146 -16997704 0 860652 800033 544260 87028 168745 49038 33360 5335 10343 6481178 5697361 266698 517119 125189 85166 13618 26405 1360724 981909 311266 67549 276111 187837 30036 58238 585677 585677 89133 82356 1891 4886 281330 185912 26624 68794 486464 486464 1967600 1568818 247007 151775 478223 439154 21464 17605 2688581 1498875 1126402 63304 161099 161099 319203 319203 547596 484487 16108 47001 124417 104106 3528 16783 2164638 2154768 6662 3208 751431 686674 43711 21046 165206 119576 30800 14830 PROVISION FOR LOAN LOSS 610514 610514 LICENSE AND SUBSCRIPTIO 595902 386283 73938 135681 DIRECT COSTS-KOSOVO 290074 290074 MOTOR VEHICLE EXPENSE 192796 192796 156864 134221 1894 20749 21749021 17534486 2314010 1900525 13293395 14582315 1105778 945452 3695056 2480694 1727479 3144681 59903698 65099416 856179 887895 2544813 1391675 1333976 1153138 132659028 111002659 52548 146514 5914880 4738340 220542017 204181104 2823234 2965825 103272 215817 43178006 40347025 10514025 9046286 56618537 52574953 X 162353210 150025087 1570270 1581064 163923480 151606151 220542017 204181104 X -17898875 -1779 5583325 X 0 1 X 1 0 X 19051488 16676131 20080711 17180175 19987198 92975703 19051488 16676131 20080711 17180175 19987198 92975703 3426177 89549526 8912868 3860797 928068 964717 1024089 15690539 0 0 0 0 0 7539963 12026377 17521136 -631423 -16119962 20336091 129002333 0.69420 0.51310 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FINCA KOSOVO BRANCH INCOME - 2017 AMOUNT: $ 7,539,963. 2018 AMOUNT: $ 11,756,927. 2019 AMOUNT: $ 12,370,031. 2020 AMOUNT: $ 12,001,232. 2021 AMOUNT: $ 14,245,024. FI MANAGEMENT FEES NET EQUITY METHOD ADJ - 2018 AMOUNT: $ 136,297. 2019 AMOUNT: $ 185,105. 2020 AMOUNT: $ 258,788. 2021 AMOUNT: $ 203,745. FI OTHER INCOME - 2018 AMOUNT: $ 86,606. 2019 AMOUNT: $ 94,735. 2020 AMOUNT: $ 88,568. 2021 AMOUNT: $ 114,671. FINCA PLUS OTHER INCOME - 2018 AMOUNT: $ 525. 2019 AMOUNT: $ -510. 2020 AMOUNT: $ 5,394. 2021 AMOUNT: $ 0. FINCA PLUS SALES NET OF COGS - 2018 AMOUNT: $ 46,022. 2019 AMOUNT: $ 589,970. 2020 AMOUNT: $ 692,877. 2021 AMOUNT: $ 877,742. FMH PROGRAM INCOME - 2019 AMOUNT: $ 4,233,879. 2020 AMOUNT: $ -13,725,249. 2021 AMOUNT: $ -31,851,974. FINCA VENTURES INCOME - 2019 AMOUNT: $ 47,926. 2020 AMOUNT: $ 46,967. 2021 AMOUNT: $ 290,830. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 857082 14728 35920 907730 828405 28677 857082 0.00000 1.00000 0.00000 0 0 1859582 1279420 580162 685231 112255 572976 1153138 INVESTMENT IN PARTNERSHIP AND SUBS 105667637 C INVESTMENT IN LLC 5335022 C 111002659 IFRS 16 LEASE OBLIGATION 6043778 DEFERRED PENSION OBLIGATION 3002508 9046286 X PART V, LINE 4: THE ENDOWMENT FUNDS WERE ESTABLISHED TO KEEP THE PRINCIPAL INTACT SO IT CAN GROW OVER TIME, BUT ALLOW THE ORGANIZATION TO USE THE INVESTMENT INCOME FOR PROGRAMS, OR OPERATIONS, OR PURPOSES SPECIFIED BY THE DONOR(S) TO THE ENDOWMENT. PART X, LINE 2: FINCA INTERNATIONAL, INC. ISSUES CONSOLIDATED FINANCIAL STATEMENTS ON BEHALF OF ITSELF AND ITS AFFILIATES. THE INCOME TAX FOOTNOTE AND FIN48 DISCLOSURE INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS REFLECTS TAX RELATED ITEMS FOR ALL ENTITIES INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS (INCLUDING BOTH TAX EXEMPT AND FOR-PROFIT ENTITIES). FINCA IS EXEMPT FROM TAXES ON INCOME, EXCEPT UNRELATED BUSINESS TAXABLE INCOME, AS AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE AND THE APPLICABLE INCOME TAX REGULATIONS OF THE DISTRICT OF COLUMBIA. ACCORDINGLY, NO PROVISION IS MADE FOR FEDERAL INCOME TAXES IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE MOVEMENTS IN DEFERRED TAX ASSETS AND LIABILITIES (THE BALANCES ARE OFFSET WITHIN THE SAME JURISDICTION AS PERMITTED BY IAS 12, INCOME TAXES, AND SHOWN ON A NET BASIS BY SUBSIDIARIES), DETAILS OF THE DEFERRED TAX LIABILITY, AMOUNTS CHARGED OR CREDITED DIRECTLY TO PROFIT OR LOSS DURING THE PERIOD, AND AMOUNTS CHARGED OR CREDITED DIRECTLY TO EQUITY DURING THE PERIOD. IN 2021, FINCA RECORDED $1.3 MILLION OF INCOME TAX EXPENSE ON $9.6 MILLION OF TEMPORARY DIFFERENCES ASSOCIATED WITH FINCA'S INVESTMENTS IN SUBSIDIARIES BECAUSE IT WAS PROBABLE THAT THE TEMPORARY DIFFERENCES ASSOCIATED WITH THE DISTRIBUTION OF RETAINED EARNINGS THROUGH PAYMENTS OF DIVIDENDS WILL REVERSE IN THE FORESEEABLE FUTURE. THE TEMPORARY DIFFERENCES OF $9.63 MILLION INCLUDED $10.6 MILLION OF EXPECTED DISTRIBUTIONS OF RETAINED EARNINGS FROM 2021 AND $(0.97) MILLION FOR A DECREASE OF EXPECTED DISTRIBUTIONS OF RETAINED EARNINGS FROM PRIOR YEARS. IN 2020, FINCA RECORDED $0.7 MILLION OF INCOME TAX EXPENSE ON $4.6 MILLION OF TEMPORARY DIFFERENCES ASSOCIATED WITH FINCA'S INVESTMENTS IN SUBSIDIARIES BECAUSE IT WAS PROBABLE THAT THE TEMPORARY DIFFERENCES ASSOCIATED WITH THE DISTRIBUTION OF RETAINED EARNINGS THROUGH PAYMENTS OF DIVIDENDS WILL REVERSE IN THE FORESEEABLE FUTURE. THE TEMPORARY DIFFERENCES OF $4.6 MILLION INCLUDED $7.4 MILLION OF EXPECTED DISTRIBUTIONS OF RETAINED EARNINGS FROM 2020 AND $(2.8) MILLION FOR A DECREASE OF EXPECTED DISTRIBUTIONS OF RETAINED EARNINGS FROM PRIOR YEARS. THE DEFERRED TAX LIABILITY RELATED TO THE FUTURE DISTRIBUTIONS OF EARNINGS BY SUBSIDIARIES IS $1.5 MILLION AND $1.2 MILLION AS OF DECEMBER 31, 2021 AND 2020, RESPECTIVELY. DEFERRED TAX ASSETS AND LIABILITIES WERE ADJUSTED AS OF JANUARY 1, 2018 AS PER IFRS 9. ALL ADJUSTMENTS RESULTED IN CHANGES TO EQUITY. SUB-SAHARAN AFRICA 16 201 PROGRAM SERVICES FINANCIAL SERVICES FOR THE POOR 267322 EUROPE (INCLUDING ICELAND & GREENLAND) 31 263 PROGRAM SERVICES FINANCIAL SERVICES FOR THE POOR 7602311 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES FINANCIAL SERVICES FOR THE POOR 176967 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES FINANCIAL SERVICES FOR THE POOR 9012 47 464 0 0 47 464 8055612 0 8055612 1 0 1 0 0 0 PART III ACCOUNTING METHOD: PART I, LINE 3: METHOD USED TO ACCOUNT FOR EXPENDITURES: ACCRUAL METHOD X X X X X X 1 SD&A TELESERVICES 5757 W CENTURY BLVD 300 LOS ANGELES CA 90045 TELEMARKETING 0 16201 15114 1087 INTEGRATED DIRECT MARKETING 1250 CONNECTICUT AVE NW 700 WASHINGTON DC 20036 MARKETING CONSULTING SERVICES 0 0 471350 -471350 16201 486464 -470263 AK AL AR CA CO CT DC FL GA HI IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NH NJ NM NV NY OH OK OR PA RI SC TN TX UT VA WA WI WV X X 0 0 0 0 0 0 0 0 0 RUPERT SCOFIELD PRESIDENT & CEO 364895 0 0 0 16078 0 23200 0 39348 0 443521 0 0 0 COLLEEN ZAKREWSKY SVP, DEVELOP & EXT RELATIONS 238530 0 0 0 1200 0 8917 0 20558 0 269205 0 0 0 OMER IMTIAZUDDIN MANAGING DIRECTOR - FINCA VENTURES 227500 0 0 0 1200 0 771 0 2750 0 232221 0 0 0 DREW BOSHELL EXECUTIVE DIRECTOR AFFILIATE 188976 0 0 0 0 0 0 0 21096 0 210072 0 0 0 STEFAN GRUNDMANN CHIEF OPERATING OFFICER 168280 0 0 0 1200 0 6604 0 16310 0 192394 0 0 0 SCOTT GRAHAM VP OF CUSTOMER RESEARCH 164111 0 0 0 1200 0 13375 0 13704 0 192390 0 0 0 ROBERT PRICE SENIOR DIRECTOR - DIRECT MARKETING 131150 0 0 0 0 0 11135 0 38606 0 180891 0 0 0 KUO-WEI WANG VP OF FINANCE (BEG. 01/21) 160623 0 0 0 1200 0 2865 0 11124 0 175812 0 0 0 JULIE HOUSER FAMILY MEMBER, CEO 49038 EMPLOYMENT 0 X 61 359668 COST OR SELLING PRICE X SOFTWARE LICENSING 1 230375 OTHER X CRYPTOCURRENCY 2 19448 COST OR SELLING PRIC 0 1 1 PART I, COLUMN (B): A COMBINATION OF BOTH PART I, LINE 32B: FINCA USES CHARLES SCHWAB BROKERAGE SERVICES TO SELL DONATED SECURITIES FORM 990, PART I, LINE 9, PROGRAM SERVICE REVENUE: THE NEGATIVE PROGRAM SERVICE REVENUE OF ($16,997,704) INCLUDED FINCA INTERNATIONAL'S SHARE OF LOSS ON FINCA IMPACT FINANCE OF ($31,851,974) BASED ON AN EQUITY METHOD. FINCA INTERNATIONAL BEARS NO CASH FLOW IMPACT OR LEGAL OBLIGATIONS FOR SUCH LOSS. FORM 990, PART VI, SECTION A, LINE 2 THE CHAIRMAN OF FINCA INTERNATIONAL'S BOARD OF DIRECTORS, ROBERT W. HATCH, HAS A FAMILY RELATIONSHIP WITH THE FOUNDER, JOHN HATCH, WHO IS ALSO A DIRECTOR AND RETIRED EMPLOYEE OF THE ORGANIZATION. FINCA INTERNATIONAL DIRECTORS RICHARD WILLIAMSON AND RUPERT SCOFIELD ARE BOTH MEMBERS OF THE BOARD OF DIRECTORS AND MINOR SHAREHOLDERS OF CEREAL INGREDIENTS, INC. WHICH IS OWNED BY ROBERT HATCH. JOHN HATCH IS ALSO A MINOR SHAREHOLDER OF CEREAL INGREDIENTS BUT NOT A DIRECTOR. FORM 990, PART VI, SECTION A, LINE 6 PER FINCA INTERNATIONAL'S CONSTITUENT DOCUMENTS, MEMBERS ARE THE FUNCTIONAL EQUIVALENT OF SHAREHOLDERS BUT HOLD NO ECONOMIC INTEREST. THEY ACT AS STEWARDS OF THE CHARITABLE MISSION AND SERVE AS THE ULTIMATE GOVERNANCE AUTHORITY OF THE ORGANIZATION. FINCA INTERNATIONAL HAS 4 (FOUR) MEMBERS, EACH OF WHOM HAVE EQUAL VOTING RIGHTS AND DEVOTE CONSIDERABLE TIME AND ATTENTION TO ITS ACTIVITIES. MEMBERSHIPS IN FINCA INTERNATIONAL ARE NOT SOLD AS FUNDRAISING MECHANISMS. FORM 990, PART VI, SECTION A, LINE 7A PER THE BYLAWS OF THE ORGANIZATION, THE MEMBERS HAVE POWER TO MAKE APPOINTMENTS TO, ACCEPT RESIGNATIONS, MAKE SUBSTITUTIONS FOR, AND REMOVE PERSONS FROM THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN KEY DECISIONS OF THE BOARD OF DIRECTORS (FINCA INTERNATIONAL'S GOVERNING BODY) ARE SUBJECT TO THE APPROVAL OF THE MEMBERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED TO THE 990 REVIEW TEAM COMPOSED OF THE AUDIT COMMITTEE AND REPRESENTATIVES FROM MANAGEMENT TEAM, FINANCE AND LEGAL. THE REVIEW TEAM SURVEYS THE DOCUMENT AND A MEETING IS SCHEDULED TO DISCUSS ANY QUESTIONS WITH THE CFO. REVIEWING PROCESS INCLUDES SURVEYING SECTIONS, SCHEDULES, CHECKLISTS AND DISCLOSURES OF THE RETURN PLUS CORRESPONDING APPROVALS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTERESTS ON AN ONGOING BASIS. CONFLICT OF INTERESTS ARE PROHIBITED BY FINCA INTERNATIONAL'S CODE OF CONDUCT AND EMPLOYEE HANDBOOK, SUBJECT TO EXCEPTIONS BASED BY AN INDEPENDENT AUDIT COMMITTEE. CONFLICTS, INCLUDING RELATED PARTY TRANSACTIONS, ARE STRONGLY DISCOURAGED AND APPROVED, IF AT ALL, IN EXCEPTIONAL CASES. THE PROCESS IS MONITORED THROUGH ACKNOWLEDGEMENT OF THE POLICY PROHIBITING AND REQUIRING REPORTING OF ANY CONFLICTS, ALONG WITH INTERNAL AUDITS AND OTHER CONTROLS (INCLUDING THE CONTRACT REVIEW PROCESS). THE FINCA CODE OF CONDUCT, APPLICABLE TO ALL FINCA PERSONS GLOBALLY, PROVIDES A CONFIDENTIAL REPORTING MECHANISM ("HOTLINE") FOR REPORTING VIOLATIONS OF THE CODE, INCLUDING OF INTERESTS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT & CEO IS DETERMINED ANNUALLY BY THE EXECUTIVE COMMITTEE. THE PRESIDENT & CEO RECUSES HIMSELF FROM THAT CONVERSATION. THE PROCESS FOR DETERMINING ALL OFFICERS' COMPENSATION IS PERFORMED BY THE HUMAN RESOURCES DEPARTMENT AND REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS EXECUTIVE COMMITTEE. THE PROCESS INCLUDES A REVIEW OF OTHER FORM 990S AND COMPENSATION SURVEYS, AND THERE IS CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. THE REVIEW IS PERFORMED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST AND ON ITS OWN WEBSITE. FORM 990, PART XI, LINE 9: UNAMORTIZED PENSION PRIOR SERVICE COSTS 117,234. CURRENCY TRANSLATION ADJUSTMENTS -1,737,506. RESERVE ADJUSTMENT 88,000. OTHER FV ADJUSTMENT 253,838. CASHFLOW HEDGES, NET OF TAX 6,861,759. 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