Banco Visionfund Ecuador

Debt : August 2019

Banco Visionfund Ecuador (VFE) is an entity specialized in microfinance born from the transformation of the NGO FODEMI into a microfinance bank.

Amount

€ 6,113,520.00

Type of investment

Debt

Development impacts

  • Local economic growth
  • Financial inclusion
  • Food security & rural development
  • Gender

Beneficiary locations

Latin America and Caribbean: Ecuador

Investment field

Financial Institutions

Activity

Commercial bank

Organisation

Banco Visionfund Ecuador

Domicile

Ecuador

Since the start of its transformation process into a MFI in 2014, the entity continued to evolve and successfully became a bank specialized in microfinance in 2016, bringing in formalization and growth.

Banco VFE is part of the network of World Vision International, NGO dedicated to working with children, families and communities to overcome poverty and injustice. Visionfund International is the microfinance subsidiary of World Vision, mother company of VFE and other MFIs in Africa, Asia Pacific, Middle East, Latin America and Eastern Europe.

BIO's investment will support the further growth of VFE’s microfinance portfolio, facilitating the company to continue reaching the bottom of pyramid in Ecuador and promoting financial inclusion.

Development impacts

  • Local economic growth

    Banco VisionFund Ecuador is a bank specialized in microfinance focusing on the base of the pyramid with a rural outreach. The average individual loan amounts to USD 1,100, which is very low compared to other institutions.

  • Financial inclusion

    BIO’s funds will support a growing institution to reach more clients in underserved areas and support the financial inclusion in Ecuador.

  • Food security & rural development

    More than 50% of VFE’s clients are in rural areas and 49% of the portfolio is deployed in agriculture sector.

  • Gender

    VFE targets primarily women microentrepreneurs which represent 65% of its client base.

View more of our investments in this region

Local Currency Microfinance Fund II

Investment Companies & Funds

Local Currency Microfinance Fund II

  3,031,680.00

  Bolivia, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru

  11/11/2013

  Equity

Local Currency Microfinance Fund II

Investment Companies & Funds

Local Currency Microfinance Fund II

  725,111.00

  Bolivia, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru

  05/06/2014

  Debt

ProCredit Holding AG & Co. KGaA

Financial Institutions

ProCredit Holding AG & Co. KGaA

  3,000,000.00

  Ecuador

  16/12/2004

  Equity

The Currency Exchange Fund n.v.

Financial Institutions

The Currency Exchange Fund n.v.

  7,091,000.00

  Bangladesh, Cambodia, India, Indonesia, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Vietnam, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, Syria, Tunisia, Palestinian Territories, Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia

  05/09/2007

  Equity

Hidronormandia

Infrastructure

Hidronormandia

  8,460,000.00

  Ecuador

  13/01/2017

  Debt

AgRIF Coöperatief U.A.

Investment Companies & Funds

AgRIF Coöperatief U.A.

  105,000.00

  Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal

  11/09/2018

  Subsidy

AgRIF Coöperatief U.A.

Investment Companies & Funds

AgRIF Coöperatief U.A.

  5,438,332.50

  Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal

  18/06/2015

  Equity

Productora Cartonera Procarsa & Surpapelcorp

Enterprises

Productora Cartonera Procarsa & Surpapelcorp

  7,121,232.00

  Ecuador

  16/10/2020

  Debt

Local Currency Microfinance Fund II

Investment Companies & Funds

Local Currency Microfinance Fund II

  113,688.00

  Bolivia, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru

  25/06/2014

  Subsidy

Local Currency Microfinance Fund II

Investment Companies & Funds

Local Currency Microfinance Fund II

  143,535.00

  Bolivia, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru

  28/01/2019

  Subsidy

Darby Latin American Private Debt Fund III

Investment Companies & Funds

Darby Latin American Private Debt Fund III

  8,570,582.00

  Brazil, Colombia, Dominican Republic, Ecuador, Peru

  01/08/2018

  Equity

Fairtrade Access Fund

Investment Companies & Funds

Fairtrade Access Fund

  350,000.00

  Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda

  07/04/2020

  Subsidy

Banco Solidario

Financial Institutions

Banco Solidario

  12,290.60

  Ecuador

  07/10/2019

  Subsidy

Banco Pichincha

Financial Institutions

Banco Pichincha

  13,254,016.72

  Ecuador

  09/06/2016

  Debt

EcoEnterprises Partners III

Investment Companies & Funds

EcoEnterprises Partners III

  6,208,300.00

  Bolivia, Brazil, Colombia, Ecuador, Guatemala, Nicaragua, Paraguay, Peru

  22/05/2019

  Equity

Fairtrade Access Fund

Investment Companies & Funds

Fairtrade Access Fund

  3,000,000.00

  Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda

  24/10/2019

  Equity

Hidrosierra

Infrastructure

Hidrosierra

  19,650.60

  Ecuador

  24/06/2019

  Subsidy

Hidrosierra

Infrastructure

Hidrosierra

  5,240,160.00

  Ecuador

  24/07/2019

  Debt

Banco D-Miro

Financial Institutions

Banco D-Miro

  4,372,500.00

  Ecuador

  14/10/2015

  Debt

Banco Solidario

Financial Institutions

Banco Solidario

  8,338,200.00

  Ecuador

  27/06/2019

  Debt

Banco Solidario

Financial Institutions

Banco Solidario

  77,220.00

  Ecuador

  10/09/2012

  Subsidy

Banco Solidario

Financial Institutions

Banco Solidario

  5,987,000.00

  Ecuador

  15/05/2012

  Debt

Banco Guayaquil

Financial Institutions

Banco Guayaquil

  13,100,400.00

  Ecuador

  07/05/2019

  Debt