MICROCAPITAL BRIEF: FMO Disburses $10m to VisionFund International to Support Inclusive Finance in Africa

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch public-private partnership that aims to promote growth in developing economies, recently announced that it will disburse a five-year loan of USD 10 million to VisionFund International, a US-based affiliate of the Christian humanitarian organization World Vision International, aiming to support female clients and clients in rural areas via microfinance organizations (MFIs) in VisionFund’s network. FMO also provided VisionFund with a donation of USD 275,000 to support “an innovative approach to disaster resilient microfinance” [1].

Mr Scott Brown, the President and CEO of VisionFund, commented “The financing provided by FMO is important as it allows us to increase our range of basic financial services and offer them to more communities that would otherwise remain financially excluded.” [1].

As of December 2015, FMO has an investment portfolio of EUR 8 billion (USD 8.68 billion). As of year-end 2014, VisionFund has a loan portfolio of USD 434 million comprising of 1.45 million loans in 34 countries.

By Meredith Steih, Research Associate

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 34 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 organization. As of year-end 2014, VisionFund has a loan portfolio of USD 434 million comprising of 1.45 million loans.

About Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO)

Financierings-Maatschappij voor Ontwikkelingslanden (FMO) is a Dutch development bank that was founded in 1970. It supports financial institutions and governments through loans, guarantees and other investment promotion activities including local-currency investments. FMO is owned by the Dutch government, which holds a 51-percent stake, alongside commercial banks, trade unions, employers’ associations and individual investors. As of December 2015, FMO has an investment portfolio of EUR 8 billion (USD 8.68 billion).

Sources and additional resources

[1] Information provided to MicroCapital directly from FMO

MicroCapital Universe Profile: Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO)

MicroCapital Universe Profile: VisionFund International

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