VisionFund is working towards a world where every child experiences Jesus’ promise of life in all its fullness. We measure child well-being outcomes in all our projects across 28 countries, ensuring that we are delivering results for children through microfinance for adults.
Child Well-Being Outcome Trends
At the core of VisionFund’s work, child well-being forms the basis of all our loans, savings and insurance products. A child living in a household that has access to financial services is more likely to have nutritious food on the table, a proper education, and the health services they need to grow up thriving. Our financial services are one of the ways families can break the intergenerational cycle of poverty, and we are committed to measuring child well-being outcomes (CWBOs) at every stage of our work.
Using a sample size of 8,305 clients, we measured the number of CWBOs they reported from FY16 to FY18. For most CWBOs, there is an increase in the percentage of a CWBO being reported by the same clients. There is a significant increase in the percentage of clients reporting improvement in sufficient drinking water for their children.
Our Child-Focused Products
WASH (water, sanitation and hygiene) Loans
Since 2016, our microfinance institution in the Philippines has offered loans to clients who want to build or improve their toilet facilities, or their clean water facilities and supply. Three quarters of those who took a WASH loan have seen remarkable improvements in the health and well-being of themselves and their children, with a significant reduction in water-borne diseases. Most significantly, boys and girls no longer have to walk long distances to retrieve water for the family. 82% of surveyed female clients also reported an increased feeling of safety for their families, as they no longer have to go long distances to collect water or defecate.
Our Child Focused Products
In many countries where VisionFund is active – including Armenia, Dominican Republic, Ghana, Myanmar, Sri Lanka, Tanzania, India and Mexico – education loans are being tested in the market to improve the well-being of clients and their children through educational opportunities. In Ghana, parents can get loans that support their own and their children’s education needs, leading to increased earning power in families and ensuring children are able to go to school with school fees paid and the supplies they need. VisionFund is optimistic about the potential for education loans to improve child well-being outcomes.