Microfinance Focus, December 4, 2012:
VisionFund, the microfinance not-for-profit partner of global humanitarian charity World Vision, today announced that its outstanding microfinance loan portfolio has exceeded US$400 million.
[ Hy Balin]
One of the loans that reached the US$400 million milestone was provided to Hy Balin in Cambodia who borrowed US$350 in order to purchase agricultural products.
VisionFund provides loans, savings facilities and insurance to small businesses in developing countries. Operating in 36 countries around the world, VisionFund’s borrowers total over 800,000, 68% of which are female. The average loan size is just US$606.