Banco Visionfund Ecuador

Debt of 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: 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.

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