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MFI Websites
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VisionFund Goals
by 2011:
- Four million jobs impacted
- Two million active clients
- Eight million children's lives positively changed
- Operating in 58 of the 97 countries World Vision serves
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Microfinance is a proven, acclaimed method for helping impoverished communities move toward economic self-sufficiency through the provision of small loans and other financial services.
The United Nations named 2005 the ‘International Year of Microcredit,’ recognising it as a vital element in achieving the Millennium Development Goals.
In 2006, its importance was further recognised when the Nobel Peace Prize was awarded to Muhammad Yunus and Grameen Bank for developing concept of microcredit. The thriving global movement to provide financial services to the poor has proven its effectiveness. VisionFund is a leader in this movement, particularly in the area of providing microfinance services in combination with holistic, development assistance.
Where is the industry heading?
The growth of the microfinance sector over the last decade has been remarkable, but it has only penetrated a relatively small portion of its potential market. Demand for microfinance funding has increased worldwide and is expected to drive the international funding flows to grow, hopefully at a similar pace.
In the last 10-12 years, microfinance investment vehicles/funds have witnessed enormous growth. In 2005 alone, the continued microfinance portfolios nearly doubled, reaching US$1 billion by the end of that year. Studies estimate conservative growth rates for significant microfinance investment vehicles/funds to range from 40* to 75%** per year. At that rate, the total microfinance portfolio would hit $5 billion by 2010. Should the current growth rate continue, however, the total microfinance portfolio could reach anywhere from $16 to $25 billion in 2010.
*The MicroRate Latin America MFI Vehicles Indexed Growth Rate
**The three-year average growth rate of these funds
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