Vision Fund

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ABOUT USA MESSAGEFROMVISIONFUNDCAMBODIACEO &CHAIRPERSONThe impressive result that VisionFundCambodia has churned out for yetanother year goes to show that itsadopted strategy of maintainingmoderate portfolio growth withpriority on quality and depthcan be effective in enhancing itsfinancial and social performancedespite an increasingly competitiveenvironment. This has come aboutwith the strong dedicationand hard work of its staff andmanagement and continuousimprovement in its operations andcontrols.93%WOMEN CLIENT10 VISIONFUND CAMBODIA ANNUAL REPORT 2012
Client outreach also recorded impressive growth from132,000 clients to 156,000 clients, bringing impactto more than 500,000 children. In the process wemanaged to contain the average loan size to a low$306, an annual increase of only 7% compared todouble-digit increase in the industry. This reaffirms ourcommitment to serve the lower income segment andthe underserved in Cambodia. In total, we served 118districts in 20 provinces throughout Cambodia as atDecember 2012.VisionFund Cambodia’s growth has been accompaniedby good loans quality, where the loan portfolio atrisk (PAR>30 days) has been maintained at a low of0.26%. Apart from exercising prudent lending policiesand credit-underwriting discipline, we have also fullysubscribed to the credit check facility provided by theCredit Bureau of Cambodia even though additionalcosts had to be incurred by us. On the field, we are wellengaged with our customers, providing them financialeducation to better manage their household incomesand expenses, including their loan repayment.2012 also saw the full launch of VisionFund Cambodia’snew logo in line with VisionFund International’s efforttowards a standard brand identity amongst its wideglobal network of MFIs in over 35 countries. The neworange-color logo clearly reflects the relationshipbetween VisionFund and its parent organization WorldVision, and serves to reinforce its common vision tosee fullness of life for every child.FINANCIAL PERFORMANCEVisionFund Cambodia’s net profit grew from US$1,78million in 2011 to US$2.41 million in 2012, maintainingfinancial self-sufficiency ratio at the rate of 112%,attributed to the quality loan growth, and propermanagement of financial cost and operating costthrough higher productivity. The return on assetsreached a healthy 4.5%. Assets grew from US$44.24million to US$55.34 million with equity amounting toUS$15.85 million in 2012. The asset growth was largelycontributed by portfolio growth of 27%, from totalloans of US$37.71 million to US$48.02 million.VISIONFUND CAMBODIA ANNUAL REPORT 2012 11
Page 2 and 3: CONTENTSABOUT US5 Vision, Mission a
Page 8 and 9: ABOUT USMESSAGE FROMSCOTT BROWNPRES
Page 14 and 15: ABOUT USBOARDMEMBERSMS. ESTHER HALI
Page 16 and 17: ABOUT USMR. CHEONG CHIN KUANBOARD M
Page 18 and 19: ABOUT USexecutive teamCHEE CHIN HOE
Page 20 and 21: ABOUT USKHUON SOPHORTHHead of Syste
Page 22 and 23: ABOUT USORGANIZATIONALCHARTBOARD OF
Page 24 and 25: CLIENT STORYThe loan fromVisionFund
Page 26 and 27: ABOUT USPRODUCTPROFILETHREE LENDING
Page 28 and 29: ABOUT USOURPARTNERSBelieving that f
Page 30 and 31: ABOUT USenjoy good living condition
Page 32 and 33: SOCIAL IMPACTVisionFund Cambodia ha
Page 34 and 35: SOCIAL IMPACTINITIATIVESTO IMPROVES
Page 36 and 37: SOCIAL IMPACTEDUCATION LOANVisionFu
Page 38 and 39: SOCIAL IMPACTprevention, child’s
Page 40 and 41: SOCIAL IMPACTEnvironmental andEmplo
Page 42 and 43: financialVisionFund Cambodia’s ro
Page 44 and 45: FINANCIALGrowth trendACTIVE CLIENTS
Page 46 and 47: FINANCIALTOTAL ASSETSDEC. 2007 - DE
Page 48 and 49: FINANCIALBALANCE SHEET AS AT31 DEC.
Page 50 and 51: FINANCIALSTATEMENT OF CHANGES INEQU
Page 52 and 53: VISIONFUNDGLOBALLatin America &Cari

Vision Fund

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