2016 ANNUAL REPORT JSC FINCA Bank Georgia 2016 Annual Report

Letter From the FINCA Bank Georgia CEO 3 FINCA GLOBAL NETWORK Letter from the Chairman and the President, 5 FINCA International

Highlights from 2016 - The Year in Review 7

FINCA Bank Georgia - General Information 9

FINCA Bank Georgia - Products and Services 11

FINCA Bank Georgia Makes Difference 12 The Year in Review 13 FINCA Global Network Corporate Social Responsibility Projects 21

Financial Performance of FINCA Bank Georgia 23

FINCA International Leadership - Directors and 27 Management

FINCA Bank Georgia - Leadership 28

Kosovo Georgia Azerbaijan Russia Kyrgyzstan Tajikistan Armenia Afghanistan Pakistan Jordan Haiti Honduras

Mexico Uganda Guatemala Nigeria Democratic Republic Nicaragua of the Congo Ecuador Tanzania MISSION Malawi FINCA’s mission is to alleviate poverty Zambia through lasting solutions that help people build assets, create jobs and raise their standard of living. VISION FINCA’s vision is to build a global network of sustainable and scalable social enterprises that improve lives worldwide. Letter From FINCA Bank continues to be loyal to its mission to render responsible banking services to its customers. FINCA Bank Georgia CEO We are true to our strong commitment of responsible banking and care for well-being of our clients. This independent validation lends credibility to our strict internal standards and policies and our credo to al- ways treat our clients fairly and ethically. The sign of it is Smart Certificate. We all together achieved one of the most important milestones of 2016 and have been awarded a SMART Certificate, the adoption of high ethical standards in the treatment of clients. FINCA Bank Georgia became the first SMART certified financial institution in the country. Considering this the business of the future will further prosper based on quality of service delivered to customers. “ In 2016 scale of our products and services was significantly In terms of achievements in CSR, it should be noted that it is of paramount importance for FINCA Bank Georgia to foster increase of financial literacy level in the country through various initiatives and activities. increased and now we can A special book was developed for schoolchildren to raise awareness and educate children on importance offer full-fledged banking of savings, financial terms and concepts. “My School Book” created and published by FINCA bank reached services, including internet more than 10 000 kids in all parts of the country. bank and mobile bank, telephone banking and visa The complex transformation process had its direct reflection and we are proud of our staff that share insti- cards to clients reaching more tutional values and demonstrate strong commitment to our mission and vision. Everything starts from our employees. We fully understand that success is the merit of the hard and dedicated work of each and every potential customers in all employee of FINCA Bank Georgia, and we will further invest in and focus more on development of our staff regions of the country” to ensure that our clients get the best services via various touch points and channels through which FINCA Bank Georgia operates.

Vusal Verdiyev CEO, FINCA Bank Georgia Dear friends and colleague,

Looking back to 3 years from now, when FINCA Georgia received a banking license, now we can proudly announce that the long and challenging banking transformation process is successfully finished and we move forward to further progress our business in the country and launch strategic projects to increase our impact on the lives and welfare of people we serve for more than 18 years.

In 2016 scale of our products and services was significantly increased and now we can offer full-fledged banking services, including internet bank and mobile bank, telephone banking and visa cards to clients reaching more potential customers in all regions of the country. Client service processes were profoundly improved and well-tuned to match business and customer needs, so that it will definitely have positive effect on overall performance of the institution.

3 FINCA BANK GEORGIA 2016 ANNUAL REPORT 4 A MESSAGE FROM LEADERSHIP We also must continue to focus our resources where we can have “ At FINCA, each ripple the greatest impact. As part of this e ort, in 2016 we transferred our FINCA subsidiaries in El Salvador and Mexico to local, mission- represents the start Letter from the Chairman and the President driven organizations that share our commitment to delivering responsible nancial services. For our hardworking sta and clients of a brighter future in these countries, this is an opportunity to continue to grow Dear Supporters, under local leadership with companies that are also striving to To create more ripples, FINCA has been a force for economic inclusion for the poor for over three decades. Women and men living reach low-income women and men. These changes have also we need more stones in some of the world’s most challenging economies have long been unbanked, without access to the basic helped FINCA to invest in innovative new solutions and scale up in communities and markets where we can reach more people. We need you” sustainable impact and solutions for individual, family and community prosperity. Your role in bringing responsible nancial services and other smart But experience has shown that FINCA’s impact With your support, we have created these ripples solutions to the poor is more crucial than ever. Donor support is does not end with a small loan. Each loan is just together. Now, we are committed to expanding our the reason FINCA exists. Your trust in us has created the building the beginning of economic participation for social impact by creating ripples of a di erent kind. blocks for growth and innovation. With that in mind, we ask you women, the economically disenfranchised and Low-income communities not only need access to two simple questions: What will it take to create more ripples? What people living in remote, rural villages. When a nancial services, but they have a right to a ordable will it take to multiply the ripple e ect across more communities family’s income rises, it means that children can and innovative solutions, like clean cookstoves, for more people and more generations? stay in school, not simply to become literate, but water lters and solar lanterns, that save them time to become skilled laborers, teachers, physicians and money and make them healthier, more resilient In any pond, a new ripple starts with dropping the rst stone. or the next generation of business owners. and empowered. In 2016, we helped thousands in At FINCA, each ripple represents the start of a brighter future. Robert W. Hatch, Chairman Uganda achieve a better quality of life by providing To increase impact, we must create more ripples. To create FINCA clients point proudly to these children, them access to these household solutions. more ripples, we need more stones. We need you. who not only change their families when they grow up, but change the future of communities Despite our achievements, 2016 was a challenging Together, we can alleviate poverty through lasting solutions and, in fact, can change the course of countries. year for FINCA. Part of the risk inherent in working that help people achieve self-reliance and change the future in emerging markets is navigating political and for generations to come. Together, FINCA and our loan recipients are a economic uncertainties, and this year saw no part of something astounding. We are bettering shortage of them. Economic hardship in Azerbaijan, communities around the world and breaking in particular, and the rest of Eurasia, related to down the historical and vicious cycle of fallen oil prices and currency devaluations in 2015, intergenerational poverty. continued to make life challenging for many micro Robert W. Hatch and small enterprises in that region. We took Chairman President Rupert W. Scoeld, President Each loan creates ripples of impact. The ripples signicant losses there in 2016 as a result. FINCA extend from the Haitian mother’s small loan has weathered such situations before and we can June 30, 2017 that allowed her to grow her small business, to condently say that we have come through the the villagers who work for that business, to her worst of it. More than anything, this reinforces daughter who can now a ord to go past high why people in challenging places need us, and school and into a local college, to the community why we must redouble our e orts to keep that benets from the more prosperous business reaching those who are overlooked or forgotten 2016 at a Glance and family. by mainstream banks.

1,622,867 $262.3 million $1.1 billion TOTAL CLIENTS TOTAL SAVINGS DEPOSITED TOTAL LOANS DISBURSED

entrepreneurs

5 FINCA BANK GEORGIA 2016 ANNUAL REPORT 6 2 2016 FINCA INTERNATIONAL ANNUAL REPORT CREATING RIPPLES 3 HIGHLIGHTS FROM 2016

The Year in Review

From Guatemala to Zambia to Kyrgyzstan, together we made many ripples around the world in 2016. These milestones spotlight our continued commitment to reaching more and more unserved populations with the innovative tools, services and products they need to build better lives.

JANUARY MAY AUGUST DECEMBER FINCA Ecuador, one of FINCA’s MARCH FINCA expanded its reach in FINCA Guatemala FINCA Kosovo received longest operating subsidiaries, In honor of International Nigeria by launching agency partnered with celebrated 22 years of service. Women’s Day, more than banking, allowing Nigerians who JUNE Entrepreneurial OCTOBER in recognition of its More than 25,000 low-income 200 people joined FINCA in live far from a branch to access FINCA Azerbaijan Finance Laboratory After Hurricane strong client protection Ecuadorians accessed loans and Washington, D.C., for a discussion financial services through agents launched a prepaid (EFL) to pilot test Matthew hit Haiti, policies. See page 8. other financial services in 2016. of entrepreneurship and the equipped with point-of-sale card as an alternative psychometric credit FINCA donors gender gap. machines in their local shops. credit disbursement scoring. EFL uses contributed more In 2016, poor families in Ingenico Group partnered tool. The prepaid card alternative data such than $50,000 for an Uganda received over with FINCA to deploy 50,000 First Access and FINCA FINCA celebrated Global can conveniently be as psychometrics, Emergency Recovery 6,500 solar lanterns biometric payment terminals announced a partnership to Money Week. FINCA sta in used at shopping and digital footprints and Fund to help aected and clean cookstoves in Africa. The terminals securely create the world’s largest several countries, including service centers to cellphone usage FINCA clients rebuild through FINCA’s social capture clients’ fingerprints to alternative credit-scoring Kyrgyzstan and Tajikistan, taught perform transactions. information to assess their businesses. enterprise, BrightLife. validate their identities prior to young children and teenagers clients’ repayment loan disbursement. the basics of financial literacy institution, enabling FINCA risk profile. and the importance of saving. to process loans quicker and more eciently.

JULY SEPTEMBER FEBRUARY NOVEMBER FINCA Pakistan, one of the largest FINCA Democratic Republic Suzan Al Omari and Nadia Mohammed FINCA Georgia launched an APRIL subsidiaries in the FINCA network, of Congo reached a new Marian, two FINCA clients in Jordan, reached 100,000 borrowers. milestone—over 74% of After a devastating earthquake hit Ecuador won Citibank Microentrepreneurship its transactions were done for children that covers topics such in April 2016, there were significant damages to Awards, recognizing their contributions In recognition of its use of through agent banking. as savings, business skills and finance. our clients’ businesses in the Portoviejo region. to community development and building biometric banking technology Clients bank through local The book has been shared with over For clients aected by the earthquake, FINCA thriving businesses. to reach the unbanked in the merchants, making it more 25,000 children. provided a three-month grace period on country, FINCA Zambia was convenient to pay loans loan repayments and helped to facilitate awarded the Governor’s and receive funds. over $200,000 in insurance payouts. Award for Innovation.

7 FINCA BANK GEORGIA 2016 ANNUAL REPORT 8 4 2016 FINCA INTERNATIONAL ANNUAL REPORT Photo: Carlos Alaniz CREATING RIPPLES 5 GENERAL INFORMATION FINCA In Georgia Fact Sheet

FINCA Bank Georgia FINCA Georgia - an affiliate of FINCA International Inc., a network of microfinance FINCA Bank Georgia is a Joint Stock Company built on the platform developed for 18 years of operations 1998 institutions based in Washington, D.C., with affiliates operating in 23 countries around in the country. Being a part of global network of financial institutions indirectly owned by FINCA Microfi- the world - was established in Georgia. First loans were disbursed in Tbilisi in July 1998. nance Holdings (FMH), a group comprised of shareholders such as FINCA International, USA, International Financial Corporation (IFC, World Bank Group) - USA, KfW Bankengruppe, the German development bank, FMO, the Netherlands development bank, responsAbility Global Microfinance Fund, an investment fund FINCA launches FINCA Microfinance Holding Company LLC, the first-of-its-kind advised by the Zurich-based asset manager responsAbility Social Investments AG, and Triple Jump, a Neth- socially responsible investment partnership for microfinance and since 2011 erlands-based microfinance investment manager – FINCA Bank Georgia, a new member of Georgian com- 2011 JSC FINCA Georgia became as a subsidiary company of FINCA Microfinance mercial banking sector, is a well-capitalized institution, with strong corporate governance, and expertise in Cooperatief U.A., with such shareholders on board, as FINCA International, USA, International Financial Corporation (IFC, World Bank Group)- USA, KfWBankengruppe, financial services management. It has leading position in the field of micro financing. the German development bank, FMO, the Netherlands development bank, responsAbility Global Microfinance Fund, an investment fund advised by the Zurich- JSC FINCA Bank Georgia identifies, pilots, and partners with other service providers to bring new life-en- based asset manager responsAbility Social Investments AG, and Triple Jump, a hancement services to clients, and funds cutting-edge research to track the benefits to clients allowing the Netherlands-based microfinance investment manager. bank to better serve them and maintain a leading position in Georgian microfinance sector. FINCA Bank Georgia is committed to ensure this through its commercial principles of performance and sustainability.

FINCA Partners 2013 In August 2013, FINCA Georgia received a banking license.

FINCA is grateful to all the corporate, foundation, bilateral, and multilateral partners who support our work on long-range and large-scale initiatives. Our partners lend significant financial support, as well as technol- ogy and know-how to enter new markets, deliver new products and services, and improve the efficiency 2014 FINCA Bank Georgia Surpassed 50 000 Borrowers Milestone. and effectiveness of our operations.

FINCA partners with numerous public-sector partners whose support has helped advance FINCA’s mission worldwide. These agencies and government-funded bilateral and multi-lateral development organizations In February 2015, FINCA Bank Georgia started to offer retail deposit products - 2015 have enabled FINCA to expand into new regions and new countries, create new products, improve service Savings Accounts and Term Deposits. delivery through technological innovations, develop non-develop non-financial services for clients and have helped subsidiaries transform into regulated financial institutions. FINCA Bank Georgia issued bonds worth 20 mln. GEL with a 3-year tenor. FINCA Partners – United States Department of Agriculture (USDA), United States Agency for International Development (USAID), Inter-American Development Bank (IADB), International Finance Corporations (IFC) which is also one on the investors of FMH, United Nations Capital Development Fund (UNCDF). FINCA Bank Georgia Loanched Personal Banking Business Line.

2016 FINCA Bank Georgia became the first SMART certified financial institution in the country.

9 FINCA BANK GEORGIA 2015 ANNUAL REPORT 10 PRODUCTS AND SERVICES FINCA Bank Georgia FINCA Bank Georgia Makes Difference What FINCA BANK GEORGIA IS IMPROVING ACCESS TO FINANCIAL SERVICES. We Offer Sixty percent of the population in Georgia are financially excluded. FINCA provides not only bank accounts MICRO LOANS but a full range of convenient, affordable and sustainable financial services that are tailored to people’s needs – from small loans to savings and money transfers. FINCA provides not only bank accounts but a LOAN AMOUNT UP TO range of convenient affordable and sustainable financial services that are tailored to people’s needs – loans. REMITTANCES 1500 GEL ALL LEADING MONEY TRANSFER SYSTEMS Loan period up to 18 months 200 Countries All Over the World CURRENCY: FINCA IS MAKING A DIFFERENCEE: USD, EUR LOAN FOR SMALL AND • Brings a local, trusted banking partner to communities around Georgia MEDIUM ENTREPRENEURS • Reaches underserved people in urban and rural areas LOAN AMOUNT UP TO • Provides opportunities for micro-entrepreneurs to improve their lives and their communities REMOTE SERVICES 60 000 GEL Loan period up to 60 months • 79 % of total clients are from rural areas, who are potentially having limited access to financial services Internet Banking or to convenient financial services. Mobile Banking Telephone Banking RURAL LOANS • Over 80,000 people earn their livelihoods in the businesses that FINCA Bank Georgia finances, and 76% of this figure is a direct result of the loans that FINCA Bank Georgia is providing. Standing Orders LOAN AMOUNT UP TO Utility Payments 60 000 GEL loan period up to 60 months ACCOUNTS AND CARDS DEPOSITS VISA ELECTRON VISA CLASSIC CURRENCY: Service Packages GEL, USD, EUR Multicurrency Current Account Maturity: unlimited Interest rate: high

11 FINCA BANK GEORGIA 2016 ANNUAL REPORT 12 THE YEAR IN REVIEW

FINCA Bank Georgia received the certi- fication in recognition of FINCA’s com- In extending congratulations to the bank, mitment to the best interests of clients, Isabelle Barrès, Director of the Smart Cam- which includes institutionalizing the paign, said, “We’re proud that FINCA Bank Smart Campaign’s seven Client Protec- Georgia became the first SMART certified insti- tion Principles. These principles include: tution in Georgia and has joined 44 other lead- appropriate product design and deliv- ing financial institutions to position itself as a ery, prevention of over-indebtedness, leader in client protection. Their deep commit- transparency, responsible pricing, fair and ment to the well-being of their clients will serve respectful treatment of clients, privacy as a shining example for other microfinance of client data, and mechanisms for com- and financial institutions around the world to FINCA Bank Georgia plaint resolution. pursue high standards for client protection.” Became the first Smart Certified financial Institution in Georgia

FINCA Bank Georgia received Client Protection Cer- “We have always held a strong commitment to re- tification by the Smart Campaign, a global initiative sponsible banking as well as the well-being of our that certifies the adoption of high ethical standards clients. This independent validation lends credibili- in the treatment of clients in the microfinance in- ty to our strict internal standards and policies and dustry. FINCA Bank Georgia became the first SMART our commitment to always treat our clients fairly certified financial institution in the country. and ethically,” said Vusal Verdiyev, CEO of FINCA Bank Georgia.

13 FINCA BANK GEORGIA 2016 ANNUAL REPORT 14 Asian Development Bank became FINCA Bank Georgia’s newest financial partner From March 2016, FINCA Bank started to offer term and cumulative deposits. The main advantages of the deposits are high interest rate. In case of both Asian Development Bank became FINCA Bank preneurship in Georgia and Azerbaijan,” said Rainer FINCA Bank Georgia deposits the interest rate is guarantee. Customers Georgia’s newest financial partner, providing a loan Hartel, Director, Public Management, Financial Sec- can add any amount to the cumulative deposit any of USD 7 million for on-lending to micro, small and tor and Trade at ADB. “We are proud to work with started to offer time. Term Deposit customers will get fixed high in- medium sized enterprises in rural areas of Georgia, FINCA Bank Georgia and supporting the company terest rates. so that they can increase income, create jobs and in going the extra mile to serve remote villages.” new deposit raise their standard of living. Deposit account opening is free of charge. Cash “FINCA Bank Georgia has 18 years of experience withdrawal is possible from all FINCA Bank service The loan may be denominated in Georgian lari to working with entrepreneurs in Georgia. We under- centers throughout Georgia. For now FINCA Bank help boost local currency use and mitigate MSME stand their needs,” said Vusal Verdiyev, CEO of FINCA offers 4 types of deposits – Term, Savings, Child and exposure to foreign exchange risks. Bank Georgia. “This partnership will help us provide Cumulative deposits. additional financing to both new and existing cli- “With the signing of the loan agreement with FIN- ents, who run agricultural, micro, small and medium CA Bank Georgia and technical assistance agree- sized businesses in rural Georgia. As this loan may ments through ADB’s private sector operations be disbursed in Georgian lari, FINCA Bank Georgia is with FINCA Azerbaijan and FINCA Bank Georgia we well-positioned to respond to current market chal- are pleased to establish an important milestone in lenges and our clients will have the opportunity to our relationship with the FINCA microfinance net- protect themselves from currency risks.” work in Asia in supporting farming and rural entre-

15 FINCA BANK GEORGIA 2016 ANNUAL REPORT The book was sent to FINCA Bank employees and their kids took the book to their schools so that more than 10 000 children in almost all regions of the country had access to the book, learnt the basics of financial literacy and had fun.

FINCA Bank Georgia FINCA Bank Georgia renovated service center was My School Book from opened in Batumi. Design of the service center is renovated service unique and interesting. Purpose of the re-branding of FINCA Bank Georgia center was opened service centers is to improve speed of services, create On 31st of October – on World Savings Day FINCA equipped with the basics of financial literacy. FINCA in Batumi cozy and warm atmosphere for customers and em- Bank Georgia launched a new interactive book for Bank is a pioneer in this very important field of mak- ployees of the Bank. schoolchildren – “My School Book”. The book con- ing this kind interactive content for children. tent is designed for children from 7 to 14 and the focus is made on the promotion of financial literacy The content and design of the book was created and business skills development. The book covers together with creative agency Windfor’s Commu- nication. Fun and colorful illustrations help kids to Memorandum of topics like: what is money? Why do we save? And offers stories of successful businessmen recipes for understand the main topics of the book and makes Understanding was business, quizzes and more! it easy to remember. The content is created to en- courage interaction with classmates who will make signed by and between The project is really unique and interesting. Re- projects together as a group. FINCA Bank Georgia search shows that savings behavior is formed from the very early age. As financial inclusion, financial As there are a lot fun tasks and quizzes in the book, and SBFIC capability and sustainable livelihoods are essential children can contact us to share their opinion and components of full economic citizenship, educa- thoughts through a special e-mail. There will be tional components like this are very important to special prizes and awards for the most active and ensure that children from a very early age are well creative children.

Savings Banks Foundation for International Coop- Savings Banks Foundation for International Coop- eration (SBFIC) became a partner of FINCA Bank eration will ensure participation of experts in FINCA Georgia. Memoranda signed by and between the Bank Georgia projects related to financial literacy parties includes partnership in support and pro- and customer rights protection, which will have its motion of responsible banking, financial literacy impact on improvement of financial literacy in the and customer rights protection principles. important areas such as budgeting, business man- agement, savings, customer rights, etc.

17 FINCA BANK GEORGIA 2016 ANNUAL REPORT 18 25th anniversary of the independence of Georgia was celebrated with large scale FINCA Bank Georgia events. FINCA Bank presented an inter- celebrated esting concept of special educational th anniversary of game for kids. While playing the game 25 kids had the opportunity to visit mod- Independence with Georgian eled bank, spend and earn money, open Government and kids account and save money, all banking activities were integrated. Kids and their parents had fun and everyone men- tioned the importance of such games.

19 FINCA BANK GEORGIA 2016 ANNUAL REPORT 20 CSR PROJECTS Social New Year Tree

FINCA Bank Georgia FINCA Bank Georgia joined the initiative of the National Centre of became official Manuscripts and celebrated old sponsor of New Year together with beneficia- “Diamond ries of the “Social New Year Tree” Project. Challenge”

FINCA Bank Georgia became official partner of in preparation of the project for the final challenge. EMT- Education and Management team providing financial and professional support to “Diamond Diamond Challenge, a youth entrepreneurship ed- Challenge Georgia” for high school entrepreneurs. ucation program, was created in 2012 with support FINCA Bank Georgia supported U8 – U10 kids rugby festi- of Delaware University and a twofold purpose: to val in Pankisi, village Duisi. According to the agreement signed between EMT- expose high school students to entrepreneurship FINCA Bank is as supporter of kid’s rugby team in Pankisi Educational and Management Team and FINCA as a viable career path, and to provide high school where more the 20 kids regularly train. Bank Georgia, Bank will cover administrative ex- students with an outstanding opportunity to learn penses of the project and transportation fees of the about the entrepreneurial process while attempt- FINCA Bank Georgia Support of these kids and events dedicated to healthy winning team, which will be representing Georgia ing to put their ideas for new businesses into ac- supports Rugby festival lifestyle is very important for remote areas of the country on final stage, in USA, April 2016. FINCA Bank Geor- tion. EMT is official partner of Delaware University in Duisi among children to ensure sports inclusion of the kids and foster creation gia will provide professional support to the win- and representative of the “Diamond Challenge” in of self-development environment in remote areas of the ning team as well, and will assist Georgian finalists Georgia. aged 8-10 Georgia.

FINCA Bank Georgia joined Georgia Primary FINCA Bank Georgia Education Project joined the campaign “Movla” FINCA Bank coordinates with Ge-PriEd to support the

business skills training in the public primary schools FINCA Bank’s staff from all over the by identifying FINCA Bank representatives to deliver country with great enthusiasm the lessons in the selected schools as volunteers, FINCA Bank Georgia is supporting Georgia Primary joined the campaign “Movla” and cleaned 10 big cities in Georgian and Education Project (Ge-PriEd), as the bank shares the Starting from February, FINCA Bank Georgia volun- Tbilisi Sea area. The aim of the cam- goal of the project- providing business skills instruc- teers’ team will conduct informative and interactive paign is to clean the country and tion to Grade 5-6 students in selected Georgian pub- trainings almost in all regions of the country to help raise awareness about environmen- lic primary schools. young generation gain business skills and create tal protection. brighter future for themselves and their community. 21 FINCA BANK GEORGIA 2016 ANNUAL REPORT 22

KEY FINANCIAL INDICATORS Audited Financial Statements

Financial Performance of FINCA Bank Georgia

DATA 2012 2013 2014 2015 2016

Client Individual Loans 30,903 5,981 53,192 54,581 47,662 Number Total 41,852 48,623 53,684 54,655 47,662 Individual Loans $ 43,487,880 $ 62,511,443 $ 71,219,150 $ 72,819,344 $ 77,763,600 Total $ 49,459,362 $ 64,041,993 $ 71,536,935 $ 72,847,469 $77,763,600 Loans Individual Loans $ 63,094,522 $ 90,632,137 $ 97,800,877 $ 95,794,955 $95,977,972 disbursed in Total the period $ 73,478,900 $ 93,129,627 $ 98,242,093 $ 95,794,955 $ 95,977,972

24 23 FINCA BANK GEORGIA 2016 ANNUAL REPORT

25 FINCA BANK GEORGIA 2016 ANNUAL REPORT 26 DIRECTORS, ADVISORS AND MANAGEMENT* Our Leadership: FINCA Bank Georgia

FINCA International Senior Management FINCA Canada Leadership Rupert W. Scofield, Board of Directors President FINCA Canada is a charity registered with Canada Revenue Robert W. Hatch Allison Scuriatti, Agency (Registration No. Supervisory Board (Chairman, Founding Member) Executive Director 805686144RR0001). Jeff Flowers Management Team John K. Hatch Ami Dalal, (Supervisory Board Chairman) (Founding Member) Vice President of Social Vusal Verdiyev Board of Directors (Chief Executive Officer) Rupert W. Scofield Enterprise Innovation Dane Steven McGuire Rupert W. Scofield (Chairman) (Supervisory Board Deputy Chairman) (Founding Member) Soledad Gompf, Giorgi Mirotadze Fred Di Blasio (Chief Financial Officer) Richard M. Williamson Senior Vice President and Keith Gary Sandbloom Philanthropy Advisor (Founding Member) Soledad Gompf (Supervisory Board Member) Giorgi Samadashvili Scott Graham, (Chief Operating Officer) John Elkins Jacquie Green Radoil Mitov Amanda Ellis Director of Research and (Supervisory Board Member) New Business Initiatives Michael Green Peter Epp Paul R. Clark Harold D. Jastram Franca Rofe, Allison Scuriatti (Supervisory Board Member) Vice President, Human Resources Agrina Mussa Linda Wolfond James Semakadde Jeffrey Smith, Vice President, Chief Audit and Dr. Fred Seymour Risk Officer Senior Management David E. Weisman P. Dan Smith, Stephanie Emond Her Majesty Queen Rania Assistant Corporate Secretary Al-Abdullah of Jordan Director Emeritus Debra Spagnola, Chief Financial Officer FINCA United Kingdom

Advisory Board Colleen Zakrewsky, Margaret S. Blakey Chief Development Officer FINCA FINCA UK is the working name of The Foundation for Eugene P. Ericksen International Community Assistance (UK), a company Angéline Fournier limited by guarantee under Robert Graham company number 06717649. FINCA UK is a registered charity John Hatch Jr. in England and Wales under registration number 1127778. Kristin G. Hatch Aleen Keshishian Board of Directors

Charles Loveless Rupert W. Scofield (Chairman)

Rebecca Minkoff Dane Steven McGuire

Rosalie Swedlin Federico Pirzio-Biroli

Colston Young Damien Tanner

Mahdi Yahya

FINCA BANK GEORGIA 2016 ANNUAL REPORT *As of June 30, 2016

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