VisionFund releases its Annual Report for 2022
LONDON – 16 May 2023. VisionFund International has released its Annual Report along with consolidated financial statements and performance for the financial year ending 30 September 2022.
Highlights of the report include an impact case study from Uganda that reveals the dramatic increase to income clients had after receiving a microloan. Also, a client testimonial on how a Fast – Finance Accelerating Savings Group Transformation loan has changed the trajectory of the savings group members' lives and improved their family's livelihood.
During the reporting year, VisionFund served one million clients, 69% of whom were women, and 65% living in rural settings; with a portfolio of US $706 million.
“Our work continues to help our clients make significant changes in their livelihoods and prospects for their children,” says Edgar S. Martinez, President and CEO, VisionFund International. “Within the one million customers we currently serve, we find endless stories of clients who persevered, with unrelenting spirits, as they took on new challenges and are now thriving. We realize that we cannot do business as usual and must innovate to better serve our clients. This will be our focus in the coming year as we continue to be committed to our work towards ending intergenerational poverty in the areas we work.”
The VisionFund 2022 Annual Report highlights work carried out by its global network of 28 microfinance institutions across Africa, Asia, Eastern Europe, and Latin America. The report was published alongside the consolidated financial statements and performance of VisionFund for the financial year ending 30 September 2022.
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ABOUT VISIONFUND INTERNATIONAL
VisionFund International, World Vision’s microfinance provider, has been improving the lives of children in the developing world for over 20 years. By offering small loans and other financial services, clients develop successful businesses, enabling their children to grow up healthy and educated. In FY 2022, VisionFund International’s network of microfinance institutions located across 28 countries in Africa, Asia, Eastern Europe and Latin America, provided loans to one million clients, with 69% of these going to women, and creating brighter futures for 4.7 million children. Over 65% of VisionFund’s clients reside in rural settings. visionfund.org