VisionFund Ecuador


Sociedad Financiera VisionFund Ecuador (“VFE”) is a Tier 2 microfinance institution, operating in the northern and central region of Ecuador. The MFI focuses on the very low end of the microenterprises and uses both individual, as solidarity group and village banking loans. About 68% of its clients are women from rural and peri-urban areas who live in (extreme) poverty.

VFE was founded by World Vision International, a well-known global NGO dedicated to working with children, families and communities to overcome poverty and injustice. In 1995 , the NGO started operating microfinance institutions around the world with the aim of empowering families to create income and jobs and thereby ensuring a brighter future for their children. Financial services go hand in hand with training and workshops to support clients to successfully grow their business.

VFE in Ecuador has over 64,000 active borrowers with an average loan size amounting to about USD 982. VFE offers non-financial services, including business trainings and counseling, as well as social workshops related to health, environment, and protection of children’s rights. The cost of these non-financial services is included within the loan charged interest rates.

Development impact:

  • Local economic growth (credit provision to MSMEs): average loan amount is 1,200 USD
  • Private sector consolidation/innovation (market structuring effects): VFE targets remote areas
  • Financial inclusion
  • Food security and rural development: strong focus on remote rural areas
  • Gender: the institution targets primarily women

In 2016, BIO also subsidized a € 10 K technical assistance project.

  • Investment amount (€):

    € 2 M

  • Contract signature :


  • Nature of intervention :


  • Development impacts :

    • 1 — Local economic growth
    • 2 — Private sector consolidation/innovation
    • 3 — Financial inclusion
    • 4 — Food security and rural development
    • 5 — Gender

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