Vision Fund

More documents

Recommendations

Info

ABOUT USOURPARTNERSBelieving that financial servicesalone are not the only toolfor economic development andpoverty alleviation, VisionFundCambodia adopts a synergisticapproach to partner withdevelopment NGOs and other likemindedinstitutions to leverageon its strengths of deliveringfinancial services alongside thepartners’ non-financial services.This approach leads to greateroutreach and social impact,positioning VisionFund Cambodiaa a unique and highly competitivemicrofinance institution with aclear strategic intent for povertyalleviation.156THOUSANDACTIVE BORROWERS28 VISIONFUND CAMBODIA ANNUAL REPORT 2012
World Vision Cambodia (WVC) is an internationalChristian relief and development organization workingto promote the well-being of all people – especiallychildren. World Vision seeks to serve people who arepoor worldwide, regardless of race, religion, or ethnicorigin. VisionFund Cambodia has been working inclose strategic partnership with WVC since the 1990’s.VisionFund Cambodia delivers financial services, whileat the same time WVC Area Development Programs(ADPs) manage social safety programs and/or projects,such as food and water security, education, health,peace and justice, and HIV/AIDS. We currently have20,473 clients (US$7.23 million portfolio), who arethe beneficiaries of WVC and who used the loan forvarious income generating activities to improve thelives of their children and families.The International Labour Organization (ILO) has,since 2007, maintained partnership with VisionFundCambodia through a local NGO partner known asHealth Centre for Children (HCC) with an aim tohelp families whose children are at risk of becomingchild labourers instead of being in school. VisionFundCambodia offers micro loans in Phnom Penh areaswhere the HCC operates. ILO has also supported usin developing a financial education program for ourclients.Hagar is an international Christian organizationdedicated to the recovery of extreme human rightsabuses, particularly human trafficking, gender-basedviolence, and sexual exploitation. Hagar and VisionFundCambodia began to integrate microfinance anddevelopment projects into the Tapreach community inKampong Thom in March 2008 to help disadvantagedwomen achieve financial independence.Plan is a child-focused development NGO thatpromotes child rights to end child poverty. Ourpartnership with Plan International Cambodia datesback to 2007, starting in Kampong Cham province andlater extending to Siem Reap province. The partnershipbenefited the poor and the most vulnerable poor,especially women living in Plan’s target areas wherethey could access the financial services from VisionFundCambodia to start up and or/ expand their smallbusiness and or/ increase their agricultural productionto eventually improve their living condition. There havecurrently been 5,763 clients with a total loan portfolioof US$1,68 million. The loan size is averaged at US$293,which means VisionFund Cambodia maintains a strongfocus on targeting low-income clients or the poorestsegment of the rural population.WING, then a subsidiary of Australia New ZealandBanking Group (ANZ), is a mobile payment providerthat offers money transferring service to its customerswithin Cambodia. In partnership with WING, VisionFundlaunched mobile phone money transfer services inJanuary 2009, making VisionFund the country’s firstMFI to deliver such a service, which extends accessof financial services to rural Cambodians allowing unbankedindividuals to save money, transfer, and makepayments conveniently and inexpensively.Cambodian Center for Study and Development inAgriculture (CEDAC) is a local NGO that envisionsa Cambodian society where small farming householdsVISIONFUND CAMBODIA ANNUAL REPORT 2012 29
Page 2 and 3: CONTENTSABOUT US5 Vision, Mission a
Page 8 and 9: ABOUT USMESSAGE FROMSCOTT BROWNPRES
Page 10 and 11: ABOUT USA MESSAGEFROMVISIONFUNDCAMB
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 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

Create successful ePaper yourself

Delete template?

Save as template?