World Vision International, a US-based Christian humanitarian organization, and its subsidiary VisionFund International, a US-based nonprofit organization, have supplied microfinance loans to 400 families supplement initiatives to increase access to clean water in Sri Lanka. Those receiving microfinance loans have used them in order to begin enterprises that support the RIWASH project, such as stores that sell parts for household water systems.
World Vision established its Rural Integrated Water Sanitation and Hygiene (RIWASH) project in 2010 in partnership with the Sri Lankan government, the Canadian International Development Agency (CIDA) and the Australian Government. Since its inception, the project has provided water supply and sanitation facilities to approximately 23,000 people in the Nuwara Eliya district.
World Vision raised USD 2.79 billion in cash and in-kind gifts during 2011. As of 2013, VisionFund International has a loan portfolio of USD 390 million helping 830,000 small businesses in 36 countries.
By Charlotte Newman, Research Associate
About World Vision International
World Vision is a US-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 and as of 2013 serves approximately 100 countries.
About VisionFund International
VisionFund, a US-based nonprofit organization, 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 US-based World Vision, a Christian relief, development and advocacy organisation. As of 2013, VisionFund has a loan portfolio of USD 390 million helping 830,000 small businesses.
Sources and Additional Resources:
VisionFund International Press Release sent to MicroCapital, “Sri Lankan Water Project Pools Resources and Unites Communities.”
MicroCapital.org story, January 31, 2013, “MICROCAPITAL BRIEF: AlHuda Center for Islamic Banking and Economics, VisionFund AzerCredit to Conduct Market Research in Advance of Possible Launch of Islamic Microfinance in Azerbaijan,” https://www.microcapital.org/microcapital-brief-alhuda-center-for-islamic-banking-and-economics-visionfund-azercredit-to-conduct-market-research-in-advance-of-possible-launch-of-islamic-microfinance-in-azerbaijan/
MicroCapital.org story, February 6, 2013, “MICROCAPITAL BRIEF: Commercial Credit and Finance of Sri Lanka Issues $2m in Debentures,” https://www.microcapital.org/microcapital-brief-commercial-credit-and-finance-of-sri-lanka-issues-2m-in-debentures/
MicroCapital Universe Profile: World Vision International
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=World+Vision
MicroCapital Universe Profile: VisionFund International
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=VisionFund+International
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