Microcapital Brief: Edgar Martinez Named Ceo Of Visionfund International, Provider Of Microfinance Inwards 28 Countries

In Jan 2021, Edgar Martinez volition have the positions of President as well as CEO at VisionFund International (VFI). The organisation, which is owned past U.S.A.-based NGO World Vision, provides microfinance services inward 28 countries across Africa, Asia, Eastern Europe inward add-on to Latin America.

Since Jan 2019, Mr Martinez has served equally the global caput of credit run a hazard inwards the Wealth too as Personal Banking segment of HSBC, a Great Britain of Britain together with Northern Republic of Ireland-based investment banking companionship. In that function, he manages about USD 420 billion inward assets inward 37 markets.

As of the shut of VFI’sec 2019 financial year, the scheme has total assets of USD 543 1 G one thousand, customer deposits of USD 54 one thousand thousand, a gross loan portfolio of USD 434 1000000 inwards add-on to 1.1 1000000 clients. Most of these are women, together alongside almost ane 3rd are farmers. In addition to loans, the system provides savings products, insurance services, financial pedagogy likewise as business organisation organisation skills training.

World Vision is a the States of America-based Christian relief together with evolution organisation that brought inward revenue of USD 1.14 billion during 2019.

By Romil Pandey, Research Associate

Sources inward add-on to Additional Resources

VFI press unloose

VFI homepage

World Vision homepage

VFI Annual Report FY2019

Past MicroCapital article on VFI
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