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
VisionFund International (VFI) is the not for profit microfinance arm of World Vision – a child focused global development, relief and advocacy organisation. VFI’s global network of more than 30 microfinance institutions has over 1,2 million borrowers across Asia, Africa, Eastern Europe and Latin America. By offering small loans and other financial services, its clients develop successful businesses, enabling their children to grow up healthy and educated.
What is our funding objective?
The project under consideration is to support VFI to further develop its innovative African and Asian Resilience in Disaster Investment Scheme (A2RDIS) scheme. Incepted in January 2018, A2RDIS is run and managed by VFI. The Scheme enables VFI’s MFIs to be financially strong and stable enough post disaster, by offering immediate funding to restore livelihoods through recovery lending programmes. A2RDIS has around 4 million potential beneficiaries. The objective of this project is to build upon this by further strengthening the scheme, implementing A2RDIS in more countries and adding a flood product to the offering.
Why do we fund this investment?
This project has high strategic relevance due to its impact on rural communities and smallholder farmers (over 60% of VFI’s loan portfolio is to smallholder farmers or agricultural dependent businesses), and the impact that it has in making microfinance more climate resilient. VFI is committed to sharing lessons learned and ultimately is incentivized to do so because the more MFIs using insurance-based instruments, the bigger the pool of risks and therefore the cheaper the premium.
More investments
| Date | Total FMO financing |
|---|---|
| 5/31/2023 | USD 10.00 MLN |
| 7/12/2018 | EUR 0.25 MLN |
| 2/10/2022 | USD 10.00 MLN |
| 9/21/2024 | USD 15.00 MLN |
| 9/21/2024 | USD 10.00 MLN |
- Region
- Africa
- Country
- Africa
- Sector
- Financial Institutions
- Effective date
- 7/20/2018
- End date
- 12/1/2020
- Total FMO financing
- USD 0.11 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