Dominican Republic

VisionFund Dominican Republic was founded in 1994 under the name FIME (Fondo de Inversión para Microcrédito), as a microfinance program of the institution World Vision República Dominicana. In 2014, the institution changed its name to VisionFund and continued to focus on empowering clients with high levels of poverty or from vulnerable communities, offering financial services to people who would otherwise have little or no access to credit.

For over 15 years, VisionFund has focused on delivering quality microfinance products that promote financial inclusion in rural areas, particularly for people living in poverty. The institution applies strict criteria regarding the types of activities its clients can engage in. For example, they ensure that none of the client’s activities can harm the environment or risk the safety or well-being of children.

The institution has more presence in the south of the country, where poverty levels are higher. It mainly finances the service sectors providers in areas such as tourism, but also agriculture and manufacturing.

VisionFund’s social mission clearly states its target population, as well as the services and products offered and the expected positive impact in their clients life. The institution finances more than 9,000 micro-entrepreneurs through its 9 agencies. 59% of their clients are women and 52% of their clients live in rural areas.

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