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About Us

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VisionFund Kenya is a leading microfinance institution established as a subsidiary of VisionFund International, a global microfinance institution operating in Africa, Asia, Latin America and the Middle East/Eastern Europe. VisionFund International is a wholly owned subsidiary of World Vision International, a Christian relief development and advocacy organization. Working together, we provide the foundations for local economies to flourish in healthy and safe communities.  

 

We provide financial services to people who would otherwise have little or no access to credit. The well-being of children, families and communities in Kenya is our main focus. We serve the country’s poorest people by helping them start or grow their own businesses through loans of just a few hundred dollars.

History

VisionFund Kenya has been supporting clients since 2001. Since then, we have grown to serve 14,500 active borrowers and impact 59,400 children and 18,400 jobs.

 

World Vision originally began its microfinance and savings programme in 1993, but quickly realised the global need for microfinance and the immense role it played in reducing poverty. VisionFund International was then founded in 2003 to manage its network of affiliated microfinance organisations (MFIs). 

 

Since then, VisionFund International has been lending to people in need of financial services, helping them to start or grow sustainable businesses. Our clients use the income earned to build a better future for their children, for example, through having clean water, nutritious food, education and healthcare.

Working in Kenya

Microfinance was formally recognised in Kenya in 2006 when a bill was passed into law. The regulation was created to force out corrupt credit schemes and stop people from exploiting the poor. Political leadership has since greatly influenced the industry. Budget planners are shifting focus from donor funding to demanding economic growth from the microfinance sector. So far, around 30% of Kenya’s population has access to financial services.

 

Kenya’s new constitution favours a devolved government where public service is decentralised and brought closer to Kenyans. This allows for greater access to financial services by communities in remote locations. This further translates to reduced operating costs for our microfinance institution in Kenya. We have been working in partnership with World Vision to assist financially vulnerable members of the communities, and in particular, targeting our help towards widows and orphans.

Management

Philip Ochola is the CEO of VisionFund Kenya.

 

Our MFI has a board of directors consisting of seven members, a leadership team of five and a management team of fourteen, including branch managers who oversee the work of the MFI.

Awards and Ratings

  • BB+ Comprehensive Social Rating from Microfinanza, 2009
  • B- Microfinance Rating from Microfinanza, 2009
  • BBB+ Microfinance Rating from Microfinanza, 2009
  • Microfinance Transparency Certificate, 2009
  • Ist Runners Up, Microfinance Category- Financial Reporting (Fire) Awards, 2013
  • Best PAR Management- Mix Market Report, 2014