Our MFI has been supporting clients since 1998.
Since then, we have grown to serve 50,500 active borrowers and impact 132,300 children and 60,100
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.
Over 54 million people live in Myanmar. Most of its population is involved in agriculture related work. It shares its borders with five countries and is in the early stages of integrating itself into the global economy.
The United Nations estimates that the microfinance industry in Myanmar is currently meeting only 10% of those who could benefit from it. Analysts estimate a further four million people need affordable credit to create their own stable income.
We are the second largest microfinance provider in Myanmar, and one of the few recognised and licensed microfinance institutions endeavouring to fill to the credit gap. As a result, we have doubled our loan portfolio over 12 months. Despite this growth, we still need to expand our services to meet the needs of the working poor and families.
Chief Executive Officer - Rommel Caringal
humanitarian development professional with expertise in economic development,
social entrepreneurship and microfinance:
Governance of microfinance institutions, non-profit
organizations and social enterprises
Global leadership in financial product development,
development program integration and synergistic partnerships with third-party
Leadership in microfinance strategy execution across 9 MFIs
in Asia-Pacific Region
Over 25 years of organizational leadership and
institutional development experience,
Management experience with both line and staff divisions
ranging from 5 to 250 professionals focusing on formation and scale up of finance
institutions, non-profits and social enterprises.
Consulting experience with varied institutions:
international organizations, government and private
Ability to work
and thrive in a multi-cultural work environment
In 2014, the VisionFund network of microfinance institutions received over 50 awards and ratings from a collection of external bodies. We are encouraged that our commitment to excellence and service to our clients has been acknowledged across the globe.
Please contact VisionFund Myanmar for more information about this specific MFI. VisionFund’s microfinance institutions are some of the most awarded in the industry. Here are some highlights from around the entire VisionFund International organisation.
- Mix Market 5 Diamond Transparency Award for Bolivia, Bosnia, Cambodia, and Ecuador
- 15 Seal of Transparency Awards for various MFIs
- 10 Kiva Badge of Anti-Poverty Focus Awards
- Mix Market Social Performance Platinum Awards for Azerbaijan, Bosnia, Philippines, and Herzegovina