by James Stevenson -

MICROCAPITAL BRIEF: DreamStart Labs Adding VisionFund as Preferred Financial Service Provider in Savings Groups App DreamSave

The US-based nonprofit World Vision International and its microfinance subsidiary VisionFund recently entered an agreement with the US-based financial software development company DreamStart Labs with the goal of enrolling 3 million people in 130,000 new savings groups over six years using DreamStart’s mobile app DreamSave. The organizations will focus on

by Eugene DeCosse -

MICROCAPITAL BRIEF: Microfinance Institution VisionFund, UK Department for International Development (DFID) to Expand Mobile Banking in Rural Myanmar

VisionFund Myanmar, a microfinance institution (MFI) operating within the nonprofit VisionFund International, is partnering with the UK’s Department for International Development (DFID) on a USD 1.7 million project to expand mobile banking in Myanmar. The effort is intended to provide

by Eugene DeCosse -

MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $2.6m in Local Currency to VisionFund Microfinance Institution SEF International to Support Rural MSEs in Armenia

The European Fund for Southeast Europe (EFSE), a microfinance investment vehicle domiciled in Luxembourg, recently announced that it has lent local currency approximately equivalent to USD 2.58 million to SEF International, a microfinance institution (MFI) in Armenia, to finance micro- and small enterprises (MSEs) in rural areas. Commenting on the transaction, SEF CEO Garegin Gevorgyan said

by Anuhya Tadepalli -

MICROCAPITAL BRIEF: VisionFund DRC Borrows $1m from Grameen Credit Agricole Foundation for Rural Microenterprise Lending

VisionFund DRC, a microfinance institution (MFI) in the Democratic Republic of Congo, has secured a loan of approximately USD 1 million from the Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg. VisionFund DRC provides loans, savings and microinsurance to approximately 2,900