MICROCAPITAL BRIEF: VisionFund Selects BankBI’s Cloud-Based Software to Manage Microfinance Institutions in 32 Countries

VisionFund International, the microfinance arm of US-based NGO World Vision, recently selected UK-based BankBI Limited’s business intelligence and analytics software to manage its operations in 32 countries. VisionFund will use BankBI’s cloud computing system, which is based on the Azure platform from US-based Microsoft, to “centralise its data management and reporting efforts [for] its operational, social performance and financial data” from its network of microfinance institutions (MFIs) in Africa, Asia, Eastern Europe, Latin America and the Caribbean, and the Middle East.

As of 2015, VisionFund and its constituent MFIs report unaudited consolidated assets of USD 630 million, total liabilities of USD 419 million, client deposits of USD 39.9 million, a gross loan portfolio of USD 500 million and approximately 1.1 million customers. BankBI reports a user base of approximately 40 banks, MFIs and credit unions in 30 countries.

By Michelle Dold, Research Associate

About VisionFund International

VisionFund International, a US-based nonprofit organization, offers financial services to families living in poverty through a network of microfinance institutions in 32 developing countries in Africa, Asia, Eastern Europe, Latin America and the Caribbean, and the Middle East. Its services include small loans, deposits, and business training and support. VisionFund is part of US-based World Vision, a Christian relief, development and advocacy organization. As of 2015, VisionFund and its constituent MFIs report consolidated assets of USD 630 million, total liabilities of USD 419 million, client deposits of USD 39.9 million, a gross loan portfolio of USD 500 million and approximately 1.1 million customers.

About World Vision

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 regardless of religion, race, ethnicity or gender. The organization operates microfinance institutions through its subsidiary VisionFund International. VisionFund International seeks to improve the lives of children in the developing world by offering small loans and other financial services to families living in poverty. World Vision raised USD 2.80 billion in cash and in-kind gifts during 2014 and as of 2015 serves approximately 100 countries.

About BankBI Limited

BankBI Limited is a for-profit provider of cloud-based business intelligence and analytics software. Founded in the United Kingdom in 2012,  BankBI delivers financial, banking and credit card performance metrics to banks, microfinance institutions and credit unions via a “multi-tenant” cloud computing system, which is based on the Azure platform from US-based Microsoft. BankBI reports a user base of approximately 40 banks, MFIs and credit unions in 30 countries as of 2016.

Sources and Additional Information:

[1] Information Provided Directly to MicroCapital by BankBI Ltd.

[2] Banking Tech: “VisionFund International opts for BankBI’s business intelligence solution

[3] MicroCapital Universe Profile: VisionFund International 

[4] MicroCapital Universe Profile: World Vision International

[5] MicroCapital Universe Profile: BankBI Limited

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