Thursday, December 9, 2021
VisionFund International borrowing $37M from Eventide Asset Management, LLC.
VisionFund International borrowing $37M from Eventide Asset Management, LLC to fund global financial inclusion initiatives. LONDON, December 9, 2021. VisionFund International, the Christian, mission-focused microfinance subsidiary of World Vision, announced that it has successfully issued its first notes from Eventide Asset Management, LLC, a leader in values-based investing, investing that makes the world rejoice. VisionFund expects to issue up to USD $37 million of notes from Eventide. VisionFund’s strategic ambition is to support 10 million clients and impact 30 million children’s lives by 2030. Through the partnership with Eventide, VisionFund will provide financial solutions to more vulnerable small business owners living in rural areas where VisionFund operates. Access to a small loan to grow a business leads to child and family well-being, and also brings hope and dignity to our clients. With the Eventide notes, VisionFund will also expand their recovery lending to those affected by COVID-19, to help clients build back their businesses and livelihoods. The notes will also have a direct impact with our clients through other various channels such as water, sanitation and hygiene (WASH) and savings group lending. This is aligned with Eventide’s purpose and value of honouring God and serving its clients by investing in companies that create compelling value for the global common good. Having this wonderful partnership with Eventide will give even more microfinance clients hope and dignity as they seek to grow their businesses and care for their children. We are blessed to share a common Christian ethos to care for the poor and together we will change lives and bring hope. - Edgar Martinez, President and CEO, VisionFund International When I think about the powerful ways that access to capital can shape a community, partnering with VisionFund International allows Eventide to invest in a way that can directly impact some of our most vulnerable neighbors. - Robin John, CEO, Eventide Asset Management About Visionfund InternationalVisionFund International, World Vision’s microfinance subsidiary, has been improving the lives of children in the developing world for over 18 years. By offering small loans and other financial services, clients develop successful businesses, enabling their children to grow up healthy and educated. In FY2021, VisionFund International’s network of 28 microfinance institutions provided loans to one million clients, with nearly 70% of these going to women and over a third to clients actively involved in farming. Repayment rates were 97%. Also, in FY2021, 5.2 million children were positively impacted through its MFI network located across 28 countries in Africa, Asia, Eastern Europe and Latin America. visionfund.org About Eventide Asset Management, LLCEventide Asset Management, LLC, is a Boston-based investment adviser pursuing “investing that makes the world rejoice®.” Founded in 2008, Eventide’s vision is to serve individuals, financial advisors, and institutions by seeking to provide high-performing investments that they believe create compelling value for the global common good. eventidefunds.com