BREAKING NEWS: 6.8 Magnitude Earthquake in Central Myanmar
A 6.8 magnitude earthquake hit
Myanmar's central region. At VisionFund we are monitoring the situation to
understand how and if any of our staff, clients or communities were affected.
Read more here.
TRANSFORMING COMMUNITIES IN MYANMAR
Myanmar is Asia's second poorest economy, but it is currently emerging from a long period of isolation. Its people are rich in diversity, talent and ambition, and we are closely working closely with them to help unlock potential and transform communities into micro-economies.
We have been offering microfinance and other financial services to poor people in Myanmar since 1998. Through our work, we help small business owners create or develop small businesses with affordable credit. Owning a small business provides financial security to a family. It enables them to increase their household income and to improve their quality of life. The children of our borrowers enjoy better health, nutrition and education.
We have 13 service centres in key rural areas. We also work in two of the country’s primary economic hubs; Yangon and Mandalay. Client funds have been used for local projects including constructing schools, building roads and supporting healthcare. As loans are paid back, others in the community can benefit from further loans.