FUBODE been supporting clients since 1997, and since then has grown to serve 30,100 active borrowers and impact 74,100 children and 49,200 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
Since then, VisionFund International has been lending
money 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.
Bolivia shifted to a democratic form of government in the early 1980s, yet it remains one of the poorest and least developed countries in Latin America. Almost 50% of the population lives on less than US$2 each day.
Educational opportunities are some of the most unevenly distributed on the continent, with girls, indigenous and rural children less likely to complete primary school. Bolivia also ranks poorly in areas of malnutrition, mortality and life expectancy.
Many rural areas have limited access to financial services, making rural families living in poverty particularly vulnerable.