LONDON – 16 May 2022. VisionFund International has released its Annual Report along with consolidated financial statements and performance for the financial year ending 30 September 2021.
Highlights of the report include the impact of recovery lending loans on small businesses affected by the COVID-19 pandemic, FAST, the organization’s new initiative to support rural, women's savings groups and VisionFund's strategy to 2030: Our Livelihoods Promise.
Despite the effects of the pandemic on operations and client businesses, the organisation continued to provide financial services to the vulnerable communities it serves, paying out savings and insurance, and providing much-needed recovery lending to support businesses to get back on their feet.
During the reporting year, VisionFund served one million clients, 69% of whom were women, and 64% living in rural settings; with a portfolio of US $438 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. With the launch of new programmes this year, we believe that our greatest progress towards ending intergenerational poverty is yet to come.”
The VisionFund 2021 Annual Report (click here to view) 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 2021.
ABOUT VISIONFUND INTERNATIONAL
VisionFund International, World Vision’s microfinance provider, has been improving the lives of children in the developing world for over 19 years. By offering small loans and other financial services, clients develop successful businesses, enabling their children to grow up healthy and educated. In FY 2021, 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 4.3 million children. Over 64% of VisionFund’s clients reside in rural settings. visionfund.org