Fundación para el Desarrollo de Honduras Vision Fund OPDF

Data provided through FUNED OPDF

Gross Loan Portfolio USD, 2011: 5.6 million

Number of active borrowers 2011: 11,801

Average loan balance per borrower USD, 2011: 474.9

Deposits USD, 2011: 785,825.3

Assets USD, 2011: 6.9 million

Number of depositors 2011: 11,486

Mission:

We are a microfinance institution with christian values, with an independent relationship with Visión Mundial Honduras, contributing towards the sustainable development of families, through services for poor people, with an entreprenuer capacity.

Somos una institución de ... Read more

Background and Main Challenges:

To be recognized at the national level as a specialized institute of microfiance that works efficiently, operational agility and christian values to generate an integral and sustainbable impact in the quality of life of the serviced families.

Ser reconocidos a nivel nacional como una ... Read more

Address:

Col. Montecarlo Calle atrás de Pizza Hut Final del Blvd Morazan

Tegucigalpa

4956

Honduras

Phone:

(504) 2221-4080

Fax:

504) 2351-1010

Email:

gladys_fonseca [at] funedvf [dot] org

Website:

www.funedvf.org

Products and Services:

Loans

Voluntary Savings

Looking for (Investment Types):

Loans in Local Currency

Donations

Loans in US$

% Operations Comprised by MF:

91 - 100

Date established:

Jan 1 1993

FYE:

31-Dec

Current Legal Status:

NBFI

Regulated:

yes

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
Clients living in rural areas	1
Other target market:	2
Women	3
Clients living in urban areas	4
Adolescents and youth (below 18)	5
Int msg targetmothertext c	Clientes beneficiarios de Visión Mundial y sus PDAs
+ Development goals (ranked by importance)
Poverty reduction	1
Employment generation	2
Increased access to financial services	3
Gender equality and women's empowerment	4
Development of start-up enterprises	5
Growth of existing businesses	6
Youth opportunities	7
+ Poverty targets
Low income clients	1
+ Governance
Has trained members of its board on social performance management
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Microcredit loans for microenterprises	1
Microcredit for household needs/consumption	1
SME loans
Loans for agriculture	1
+ Savings products offered
+ Compulsory insurance products required
Compulsory credit life insurance	1
+ Voluntary insurance products offered
+ Other financial products and services offered
+ Non-financial services offered
+ Enterprise services offered
+ Education services offered
Financial literacy education	1
+ Health services offered
+ Women's empowerment services offered
+ Products and services targeting the poor
Products and services specifically designed to target the poor:	Prestamos al sector vulnerable, prestamos para personas que vivan y convivan con VIH Sida
+ Social responsibility to clients
+ Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Internal audits check household debt exposure, lending practices that violate procedures including unauthorized re-financing, multiple borrowers or co-signers per household, and other practices that could increase indebtedness.
Productivity targets and incentive systems value portfolio quality at least as highly as other factors, such as disbursement or customer growth. Growth is rewarded only if portfolio quality is high.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
Staff is trained to communicate effectively with all customers, ensuring that they understand the product, the terms of the contract, their rights and obligations. Communications techniques address literacy limitations (e.g. reading contracts out loud, materials in local languages).
Acceptable and unacceptable debt collection practices are clearly spelled out in a code of ethics, book of staff rules or debt collection manual.
The organization's corporate culture values and rewards high standards of ethical behavior and customer service.
A mechanism to handle customer complaints is in place, has dedicated staff resources, and is actively used. (Suggestion boxes alone are generally not considered adequate.)
Customers know how their information will be used. Staff explains how data will be used and seeks permission for use.
+ Cost of services to clients
Declining balance interest method
+ Social responsibility to staff
+ Human resources
Benefits (medical insurance, pension contribution)
Equality (anti-discrimination, equal pay for men and women with equivalent skill levels)
+ Basis of staff incentives related to social performance
Ability to attract new clients from target market
Portfolio quality
+ Social responsibility to the environment
This institution offers lending lines linked to alternative energies
Agrícolas, sistemas de riego.
+ Poverty measurement tools in use
Grameen Progress out of Poverty Index (PPI)

Partnerships

Current
Name	Relationship
MFSI	Vendor
Microfinanza Rating	Rating
Red Katalysis	Network Affiliation
REDCAMIF	Network Affiliation
REDMICROH	Network Affiliation
Vision Fund	Network Affiliation

MFI Report