MICROCAPITAL BRIEF: Edgar Martinez Named CEO of VisionFund International, Provider of Microfinance in 28 Countries

In January 2021, Edgar Martinez will take the positions of President and CEO at VisionFund International (VFI). The organization, which is owned by US-based NGO World Vision, provides microfinance services in 28 countries across Africa, Asia, Eastern Europe and Latin America.

Since January 2019, Mr Martinez has served as the global head of credit risk in the Wealth and Personal Banking segment of HSBC, a UK-based investment banking company. In that role, he manages approximately USD 420 billion in assets in 37 markets.

As of the close of VFI’s 2019 fiscal year, the organization has total assets of USD 543 million, client deposits of USD 54 million, a gross loan portfolio of USD 434 million and 1.1 million clients. Most of these are women, and about one third are farmers. In addition to loans, the organization provides savings products, insurance services, financial education and business skills training.

World Vision is a US-based Christian relief and development organization that brought in revenue of USD 1.14 billion during 2019.

By Romil Pandey, Research Associate

Sources and Additional Resources

VFI press release
https://www.visionfund.org/newsroom/visionfund-international-appoints-new-president-chief-executive-officer

VFI homepage
https://www.visionfund.org

World Vision homepage
https://www.worldvision.org

VFI Annual Report FY2019
https://www.visionfund.org/sites/default/files/2020-03/VFI%27s%20AR-FY19-FINAL_0.pdf

Past MicroCapital article on VFI
https://www.microcapital.org/microcapital-brief-visionfund-uganda-opening-branches-to-deliver-microfinance-to-refugees-from-south-sudan/

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