VisionFund International
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
VisionFund International, World Vision’s microfinance arm, has been improving the lives of children in the developing world for more than a decade. By offering small loans and other financial services, its clients develop successful businesses, enabling their children to grow up healthy and educated. In 2016, VisionFund International MFIs provided 1.4 million loans, with nearly three-quarters of these going to women, and over half to clients actively involved in farming. Repayment rates were 98%. Also in 2016, 4.3 million children were impacted through its MFI network located across more than 30 countries in Africa, Latin America, Asia, and Eastern Europe.
What is our funding objective?
This transaction will benefit the end clients of VFI’s microfinance institutions (MFIs) in Africa and Asia, with a focus on MFIs based in fragile states and countries in which access to finance is limited. This transaction aligns with VisionFund’s aim to improve livelihoods of families in underserved and rural areas.
Why do we fund this investment?
The investment is made through the MASSIF fund (“MASSIF”), which is managed by FMO on behalf of the Dutch government. MASSIF supports financial inclusion through its work with financial institutions, supporting them on their journey to empower women, young people and rural entrepreneurs in low income countries and fragile and conflict-affected states. MASSIF furthermore aims to stimulate financial innovation with a view to broadening access to finance.
What is the Environmental and Social categorization rationale?
E&S risk category is low: C-cat. As of Sep-16, the average loan size to end-borrowers was USD 552, carrying low E&S risks for VFI.
More investments
| Date | Total FMO financing |
|---|---|
| 12/1/2020 | USD 0.11 MLN |
| 7/12/2018 | EUR 0.25 MLN |
| 2/10/2022 | USD 10.00 MLN |
- Website customer/investment
- https://www.google.nl/search?client=firefox-b-ab&dcr=0&tbm=isch&q=visionfund+international&chips=q:v
- Country
- Global
- Sector
- Financial Institutions
- Effective date
- 3/9/2018
- End date
- 5/31/2023
- Total FMO financing
- USD 10.00 MLN
- Funding
- MASSIF
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C