Vision Fund Mexico, S.A. de C.V., SOFOM, ENR

Gross Loan Portfolio USD, 2011: 8.7 million

Number of active borrowers 2011: 23,313

Average loan balance per borrower USD, 2011: 375.3

Deposits USD, 2011: 0.0

Assets USD, 2011: 10.3 million

Number of depositors 2011: 0

Mission:

Promover el desarrollo económico a la luz de valores cristianos, en zonas marginadas, facilitando el acceso a servicios financieros y no financieros, fomentando la creación de empleos para mejorar la calidad de vida de las familias.

Address:

Bahia de Santa Barbara N° 157, Col. Verónica Anzures

Miguel Hidalgo

México D.F.

11300

Mexico

Phone:

1500 2298

Fax:

1500 2291

Email:

fundacion_realidad [at] wvi [dot] org

Website:

www.fundacionrealidad.org.mx

Main Funding Sources:

Loans

Products and Services:

Loans

Training and Consulting

Looking for (Investment Types):

Loans in Local Currency

Donations

Loans in US$

% Operations Comprised by MF:

91 - 100

Date established:

Mar 19 1997

FYE:

31-Dec

Current Legal Status:

NBFI

Regulated:

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
Women	1
Hombres (+18años)	2
Clients living in rural areas	3
Clients living in urban areas	4
+ Development goals (ranked by importance)
Poverty reduction	1
Employment generation	2
Increased access to financial services	3
Gender equality and women's empowerment	4
Children's schooling	5
Improvement of adult education	6
Health improvement	7
Housing	8
+ Poverty targets
Very poor clients
+ 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
Microcredit for household needs/consumption
Loans for agriculture
Loans for education
Housing loans
EDUCACION (compra de utiles escolares, uniformes, colegiaturas).
+ Savings products offered
Checking accounts
Voluntary savings accounts
+ Compulsory insurance products required
+ Voluntary insurance products offered
+ Other financial products and services offered
+ Non-financial services offered
+ Enterprise services offered
+ Education services offered
Financial literacy education
Asistencia técnica para mejorar y diversificar las actividades productivas.
+ Health services offered
+ Women's empowerment services offered
Women's rights education/gender issues training
+ Products and services targeting the poor
Products and services specifically designed to target the poor:
+ 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).
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
Flat interest method
+ Social responsibility to staff
+ Human resources
Transparency on salary (a clear salary scale based upon market salaries)
Benefits (medical insurance, pension contribution)
Protection at work (safety, anti-harassment)
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
Outreach to remote/rural communities
Client retention/drop-out rate
Portfolio quality
+ Social responsibility to the environment
This institution raises clients' awareness about environmental impacts
This institution identifies enterprises with environmental risk
+ Poverty measurement tools in use
Per capita household expenditure
Per capita household income

Partnerships

Current
Name	Relationship
Kiva	Funding
Prodesarrollo	Network Affiliation
Vision Fund	Network Affiliation

MFI Report