MICROCAPITAL BRIEF: VisionFund International Releases Three-Year Plan to Improve Lives of 3.5m Children

VisionFund International, a UK-based nonprofit organization that manages the microfinance institutions (MFIs) of the US-based nonprofit relief organization World Vision International, has announced a three-year strategy to increase the number of lives it impacts from 2.2 million annually to 3.5 million annually by 2015. The plan will focus on Africa and Asia, where VisionFund chief executive officer Mr Scott Brown says need is greatest. VisionFund focuses on improving the lives of children, but also impacts their families and communities. To achieve its goal, VisionFund will help its network of MFIs grow and become self-sufficient, as well as working to ensure that MFIs operate with high standards of transparency and social impact. The organization will also look into growing some of its current branches and expanding to new regions of countries already being served.

As of 2012, VisionFund has a loan portfolio of USD 360 million and assists 690,000 small businesses in 36 countries.

By Charlotte Newman, Research Associate

About VisionFund International
VisionFund offers financial services to families living in
poverty in the developing world through a network of microfinance institutions in 36 countries in Asia, Africa, Latin America and the Caribbean, the Middle East and Eastern Europe. Its services include small loans and business training and support. VisionFund is part of World Vision, a Christian relief, development and advocacy organisation. VisionFund has a loan portfolio of USD 360 million helping 688,000 small businesses.

About World Vision International (WVI)
World Vision is a UK-based Christian humanitarian organization dedicated to working with children, families and their communities worldwide to reach their full potential by tackling the causes of poverty and injustice. World Vision serves poor people worldwide regardless of religion, race, ethnicity or gender. The organization operates microfinance institutions through its subsidiary VisionFund International. World Vision raised USD 2.79 billion in cash and in-kind gifts during 2011.

Sources and Additional Resources:

Press Release sent from VisionFund to MicroCapital.org: “VisionFund’s Clear Vision for 3.5 Million Children – New Strategy Focused on Africa and Asia.”

MicroCapital.org story, September 10, 2011, “MICROCAPITAL BRIEF: responsAbility Invests $13.5m in Microfinance Institutions (MFIs) VisionFund Cambodia, Equity Bank of Kenya,” https://www.microcapital.org/microcapital-brief-resposnability-invests-13-5m-in-microfinance-institutions-mfis-visionfund-cambodia-equity-bank-of-kenya/

MicroCapital.org story, June 14, 2011, “MICROCAPITAL BRIEF: World Vision Microfinance Subsidiary, VisionFund Cuts Paper Annual Report, Announces Loan Portfolio of $341m in Electronic Formats Including IPhone App,” https://www.microcapital.org/microcapital-brief-world-vision-microfinance-subsidiary-visionfund-cuts-paper-annual-report-announces-loan-portfolio-of-341m-in-electronic-formats-including-iphone-app/

MicroCapital Universe Profile: VisionFund International
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=VisionFund+International

MicroCapital Universe Profile: World Vision International
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=World+Vision

Browse the MicroCapital Universe and add your entry to the wiki at https://www.microcapital.org/microfinanceuniverse/

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