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ROTARY & World Vision/VisionFund Collaborative Partnership Opportunities
Rotarians
VisionFund International, the microfinance subsidiary of World Vision, has many opportunities for Rotarians, clubs and districts to engage in the development of communities around the world in microfinance.
Use the following resources and information to discover more about the work of VisionFund International, and learn how one can engage the world’s entrepreneurial poor through the transformational work of microfinance.
A Heritage of Collaboration – Rotary and World Vision
Working in over 100 countries, World Vision has been building a better world for children for over 56 years. Both Rotary and World Vision are currently responding to a variety of humanitarian needs around the globe. With success, Rotary and World Vision have partnered on projects around the world. Rotary clubs and districts have worked with World Vision on initiatives relating to microfinance.
Even more projects are under development, as Rotary and World Vision build on each other’s success at building a better world for children.
Overview of VisionFund
VisionFund is the microfinance subsidiary of World Vision. In 1993, World Vision began to implement microfinance programming to benefit the economically active poor. In 2003, World Vision recognized the importance and complexity of this ministry through its microfinance institutions, and created VisionFund International as a wholly-owned subsidiary of World Vision.
For more information on VisionFund, please click this link. To download the FY2007 Annual Report, please click on this link.
What is Microfinance?
Microfinance refers to the practice of providing financial services such as microcredit, microsavings and microinsurance to the very poor. Microfinance fosters small-scale entrepreneurship and acts as a hand-up when a hand-out is no longer beneficial. World Vision understood the importance of microfinance within the areas it serves and developed VisionFund International, the microfinance subsidiary of World Vision. A proven method for breaking the cycle of poverty, microfinance works by addressing one of poverty’s main contributing factors: the fact that most poor do not have a credit history, and are therefore ineligible for traditional financial services.
For more information on microfinance, please click this link.
ROTARY microfinance Service Opportunity - Sustainable, holistic, and long term Opportunity Serving in Microfinance
Working in 47 countries around the world, the microfinance subsidiary of World Vision, VisionFund International, has a microfinance institution network serving 530,000 borrowers, while 1.7 million children are benefiting from an increased family income. Acting as one of the largest microfinance lenders in the world, it is of no surprise that two of VisionFund’s microfinance institutions were recently ranked as two of the top 50 MFIs on the planet by Forbes Magazine. With a current loan portfolio of US$358 million, it is matched by a healthy 98.2% repayment rate. A combination of a network of microfinance institutions coupled with World Vision’s ability to open markets and increase microeconomic development on a large scale creates one of the world’s leading economic development opportunities.
Contact Information
For more information about World Vision, and VisionFund, the microfinance subsidiary of World Vision, please contact World Vision’s Rotary liaison, Kim Lorenz at 253.815.2993 or klorenz@worldvision.org
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