VISIONFUND INTERNATIONAL
Status: Completed investmentWhy disclosure?
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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
For over 10 years, World Vision's microfinance partner, VisionFund, has been improving the lives of children in the developing world by offering small loans and other financial services to families living in poverty. Its clients are able to develop successful businesses, which enable them to ensure their children grow up healthy and educated. With over 1.1 million clients, VisionFund's microfinance institutions impacted close to four million children in the last 12 months through a network of institutions located in more than 30 countries in Africa, Latin America, Asia, and Eastern Europe. Client repayment rates for VisionFund loans remain consistently high at over 97 percent and VisionFund is a signatory of the SMART campaign to uphold the highest industry standards and ensure client protection.
What is our funding objective?
FMO has provided a five year loan for USD 10 million from the MASSIF fund to VisionFund International (VFI), a global microfinance organisation. This transaction will especially benefit rural communities and female clients from VisionFund’s African microfinance institutions (MFIs). In addition, FMO has also provided a USD 275,000 Capacity Development (CD) grant to support VFI with an innovative approach to disaster resilient microfinance.
Why do we fund this investment?
VFI funds and manages a large network of MFIs in developing countries and is focused on providing access to finance in mainly unserved (rural) areas. The MFIs in VFI’s Africa network are mostly rural-based and high scoring on social performance but lack the necessary size to be funded directly by FMO. As impact investor FMO can play an important role in supporting the growth of these MFIs by providing debt capital to VFI. The FMO financing is focused on supporting longer-term financial access to these underserved communities thereby supporting poverty alleviation and job creation.
More investments
| Date | Total FMO financing |
|---|---|
| 12/1/2020 | USD 0.11 MLN |
| 5/31/2023 | USD 10.00 MLN |
| 7/12/2018 | EUR 0.25 MLN |
| 9/21/2024 | USD 15.00 MLN |
| 9/21/2024 | USD 10.00 MLN |
- Region
- Africa
- Country
- Africa
- Sector
- Financial Institutions
- Effective date
- 12/16/2015
- End date
- 2/10/2022
- Total FMO financing
- USD 10.00 MLN
- Funding
- MASSIF
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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