VisionFund International was established by World Vision as a wholly owned subsidiary to oversee World Vision's microfinance work.
Christopher Shore was VisionFund's founder and appointed CEO to manage and bring into alignment World Vision's microfinance institutions in 43 countries.
World Vision International makes the first loan of $10 million to VisionFund International to fund the expansion of lending capital to our MFIs.
World Vision’s Economic Development programme supported local entrepreneurs in Mongolia back in 2005.
World Vision developed its first global strategy for Economic Development.
called for investing in Savings Groups, and with respect to our
large-scale efforts, to focus first on
microfinance–building the financial, systems, and human capacity of MFIs to reach all of the places World Vision serves.
Scott Brown appointed as President and CEO for VisionFund International.
Borshokh, a Mongolian grandfather and enthusiastic entrepreneur in his 60's received five loans from VisionFund in 2007 making his brick business flourish and increasing his family income.
VisionFund reaches 530,000 clients.
Tofig Ahmedov uses his loan to grow his beekeeping business so that he can provide more for his family.
With over 200 submissions, VisionFund AzerCredit in Azerbaijan, was the sole MFI to receive the gold award for social performance reporting. Dedicated to developing innovative social performance programmes, VisionFund AzerCredit was recognized by MIX for its integrity and transparency in reporting, measuring, and data collection of social performance. Social performance reporting allows VisionFund AzerCredit to better target the poor and design appropriate products and services.
Robin Bell, Former Regional Director for East Africa, was part of market-led agricultural programme, ‘Securing Africa’s Future’ in Tanzania.
Securing Africa's Future is an initiative from World Vision and VisionFund to help build the resilience of farming communities in East Africa. Farmers are the key to ensuring their families and communities have enough food, whilst improving their rural livelihoods and protecting the natural environment in Africa. When farmers can mitigate their own risks and manage their own shocks, then the impact of any environmental, economic or political change is severely reduced. Our aim is to help farmers become independent and economically secure, so they can look after their families and invest in their community.
Mariamu from Tanzania uses VisionFund’s mobile banking and can spend more time on her corn plantation.
VisionFund Tanzania launches
Three quarters of the Tanzanian population live in rural areas, but only 8% have access to financial services. The new mobile service offered by VisionFund will give more people access to essential banking needs, allowing them to grow businesses and livelihoods to support their family.
Mobile banking was subsequently launched in Uganda, Zambia (2017) and Rwanda (2018).
Annakili, a tea plucker from Sri Lanka is VisionFund’s one millionth client.
VisionFund reaches the milestone of serving one million clients. Annakili was the millionth client and took out a US$150 loan and purchased a pregnant goat which she plans to breed.
Many people had their boats destroyed in Typhoon Haiyan in the Philippines.
Working alongside the World Vision Typhoon Haiyan Response Team, VisionFund pilots its ‘recovery lending’ programme to help affected clients quickly resume work to earn a living to support their families, in turn stimulating economic development of the wider community.
Kamuti tends his herd of cows in Kenya.
Enhanced credit life insurance is launched by VisionFund Kenya with additional benefits of sickness, maternity and coverage for family members. This standard of coverage is also made available in Malawi.
VisionFund loan officer gathering loan information from client Nicholaus Emmanuel.
In addition to Tanzania, tablets were subsequently introduced for loan officers to use in Cambodia and Malawi (2018). The tablets allow the loan officers to conduct faster client registration and assessment in addition to enabling better data management for the microfinance institution which results in better understanding of clients and faster processing times. In 2019, VisionFund Lanka will pilot the use of tablets for their loan officers.
Village Savings and Loan Associations (VSLAs) are a foundational piece of THRIVE program. VSLAs empower community members by changing their mindset toward money. They learn they have the capacity to save and that even just a small amount of money can grow exponentially.
THRIVE was launched in Malawi and Zambia in 2016 and later in Rwanda and Honduras (2017). The programme carries on the work of foundation project Securing Africa’s Future and brings smallholder farmers together into groups to save and to learn better and more effective farming practices.
SGB loans helped Dalila expand her bathing suit business. She now sells not just in Mexico, but also exports to the EU and Belize.
Together with World Vision Canada, World Vision Australia and with seed funding from the Australian Government and Canadian donors, VisionFund launched its lending programme helping small businesses to grow in Sri Lanka by providing loans of US$4,000 to US$25,000 alongside ongoing business coaching. VisionFund’s Small and Growing Business (SGB) lending programmes have since expanded to supporting entrepreneurs in Ghana, Mexico and Myanmar.
VisionFund received the award for
its ‘recovery lending’ programme
following Typhoon Haiyan in the
Philippines. Loans were made to
support faster economic recovery
for clients through enabling the
purchase of income earning assets
such as fishing boats without
Alice from Malawi harvests vegetables from her garden which is located in a region affected by widespread drought.
Innovative Group Multi-Peril Crop Insurance started with VF Tanzania in Kasulu, as part of a wider programme to be implemented, initially in Africa. Currently operating in Tanzania and being piloted in Kenya and Malawi.
Josefina has grown her family textile crafting business, thanks to a loan from VisionFund.
Launch of the Women’s
Empowerment Fund, a bold vision
to contribute to VFI’s target of
empowering two million women
and impacting six million children
annually by 2021.
The Women’s Empowerment Fund aims to build the resilience of women and their families, improve gender equity and support the development of women’s livelihoods by expanding financial access for women and delivering quality credit, savings and insurance products developed by VisionFund with women, especially mothers, in mind..
Anedi from Zambia tending her goats.
Livestock and small asset insurance was launched in Kenya and Tanzania, with a subsequent programme in Zambia in Summer 2018.
Michael Mithika named President and CEO of VisionFund International, moving from Nairobi to London. Mr Mithika stated that he was excited to join VisionFund, “Economic empowerment is a vital key in unlocking potential in the global economy and assisting the most vulnerable families. VisionFund is at the forefront of using innovation, including technology and disaster recovery programmes, to build capacity in the most difficult to reach rural environments. It is a privilege to be part of deepening World Vision and VisionFund’s impact around the world.”
VisionFund client and maize farmer U Win Than from Kayin State, Myanmar, tending the family fields.
The ARDIS programme is thought to be the world’s largest non-governmental climate insurance programme. It protects the microfinance institutions against catastrophic hazards and enables funding of recovery lending programmes post-disaster to help clients and their families resume their livelihoods. Launched in:
Ny Mom with her husband, Khorn Kunthy, 40, and their World Vision sponsored boys Phyneat, 7 (right), and Ponlork, (10). From Cambodia.
With Cambodia’s economic development and wide availability of access to microfinance, VisionFund sold its operations in Cambodia to move its resources to assist more vulnerable populations with less access to financial services. VisionFund Cambodia served: