Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
VisionFund International (VFI) is the microfinance subsidiary of World Vision. The work of World Vision and VFI is closely integrated as a holistic package. World Vision’s ongoing work in development helps communities provide such things as education, health, water/sanitation, and food security. VFI focuses on economic development through microfinance in communities where World Vision has invested and the framework has been created so that microfinance can flourish.
Like WVI, VFI is an independent Christian non-profit organization. As a team, the two organizations, VFI and WVI, couple sound financial principles and management with transformational development interventions.
Currently in FY2010, throughout the World Vision partnership, VisionFund-affiliated microfinance institutions have an overall portfolio of US$373 million with more than 626,000 clients in 42 countries with a loan repayment rate of 98%. In addition, last year over 2 million children were positively impacted.
VisionFund focuses its financial services on the families and communities where World Vision works. As part of the World Vision partnership, VFI serves people in need regardless of race, religion, gender or ethnicity. World Vision predominantly focuses its attention in poor rural areas, because they are often more neglected and unable to get financial help.
In addition, VisionFund’s preferred target groups include:
VisionFund provides the poor with financial choices at reasonable interest rates. Through their work, a family is able to accumulate assets and build up their small businesses one step at a time. Their aim is to provide the necessary training and resources for each family to maintain the provision of food for their children, create savings for emergency needs, afford medical care for their family, build up their businesses and send their children to school.
As their financial prospects grow, families will have more options and can even access more advanced credit markets through VisionFund. VisionFund's partner microfinance institutions may also offer access to other financial services such as micro-savings or micro-insurance.