2022-08-11T05:02:29-07:00 2021-09-30 990 2020-10-01 223900800 VISIONFUND INTERNATIONAL VISI 6263038811 800 West Chestnut Avenue Monrovia CA 91016 John Chamberlain Finance Ops and Transformation Dire 6263038811 2022-08-09 1 11 1 AAL2 X 2020 2022-09-23 18:48:47Z Kai Hutans 800 West Chestnut Avenue Monrovia Monrovia CA 91016 28379048 0 X X 2003 CA VisionFund International (VF) was established for the purpose of supporting World Vision International (WVI) by coordinating and providing funding to WV-affiliated microfinance institutions located in developing countries. 13 9 90 0 0 0 15258212 11035916 18052862 16546984 0 0 0 796148 33311074 28379048 3116109 3341059 0 0 9973517 8624808 0 0 921431 12844966 9558754 25934592 21524621 7376482 6854427 255530649 247513230 65583747 61385121 189946902 186128109 VisionFund International (VFI) was established for the purpose of supporting World Vision International (WVI) by coordinating and providing funding to World Vision-affiliated microfinance institutions (MFIs) located in developing countries. The primary activity of the MFIs is to provide small loans to individuals and groups who lack access to normal banking facilities & commercially oriented microfinance services aiming to alleviate poverty and stimulate the creation of employment opportunities for the poor. 0 0 13266855 3341059 16546984 Micro-enterprise lending - VisionFund International extends loans to affiliated microfinance institutions (MFIs) located in underdeveloped countries as part of World Vision International's global ministry of aiding people to alleviate poverty and better their lives. At Sept. 30, 2021, the loans to MFIs totaled $93,986,315 compared to $108,108,884 at the end of Fiscal Year 2020. 0 0 0 13266855 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 X 0 0 1 90 1 0 1 UK 0 0 0 0 0 0 0 0 0 0 0 0 X 13 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 0 0 0 0 X Matthew Harvey 6263038811 800 West Chestnut Avenue Monrovia CA 91016 Andrew Morley Board of Director 1.00 40.00 X 0 690656 13531 Dr Jean Baptiste Kamate Board of Director 1.00 40.00 X X 0 445284 113941 Edgar S Martinez Board of Director / President & CEO 40.00 X X 345025 0 17048 Stephen Lockley Board of Director 1.00 40.00 X 0 304516 8765 Tim Burgett Assistant Secretary 1.00 40.00 X 0 200124 47507 Richard Reynolds Global Director of Operations & Portfolio 40.00 X 212340 0 29271 Adrian Merryman Chief Development and Impact Investment Officer 40.00 X 197222 0 28741 Miyon Kautz Marketing and Engagement Director 40.00 X 191686 0 29465 Christopher Laurent Chief Finance Officer 40.00 X 217490 0 204 Elizabeth Haegelin Assistant Secretary 1.00 40.00 X 0 148246 21793 Karen Parchman Talent & Leadership Director 40.00 X 153268 0 16747 Matthew Harvey Secretary 20.00 20.00 X 0 149502 18830 Nathan Brown Global Head of Learning and Development 40.00 X 143924 0 23694 James Bere Jr Board Chairman 4.00 X X 0 0 0 Suanne DeBoer Miedema Board Vice-Chairperson 1.00 X X 0 0 0 Petronella Chigara Dhitima Board of Director 1.00 X 0 0 0 Chris Glynn Board of Director 1.00 X 0 0 0 Luis Hermosa Board of Director 1.0 X 0 0 0 Katherine Lam Board of Director 1.00 X 0 0 0 Emma Osborne Board of Director 1.00 X 0 0 0 Tiffany T F Huang Board of Director 1.00 X 0 0 0 Dennis Weibling Board of Director 1.00 X 0 0 0 1460955 1938328 369537 8 0 1 0 RJB Systems Inc 2200 E 104th Avenue Ste 209 Thornton CO 80233 Systems Banking Services 531798 Software Group Ltd 115N Tsarigradsko Shosse Blvd 1784 Sofia Bulgaria BU Systems Banking Services 386875 Temenos Holdings 2 Rue De I Ecole De Chimie 1205 Geneva Switzerland SZ Systems Banking Services 299912 KPMG LLP PO Box 120922 Dallas TX 75312 Audit Services 233092 BANKBI UK LIMITED Kingfisher House Quarry Lane Hampshire Yatekey Hampshire UK GU46 6XW Systems Banking Services 528262 8 0 0 0 6069029 0 4966887 0 11035916 Interest, fees, commission revenue 523000 13076694 13076694 0 0 Management fee income 523000 3470290 3470290 0 0 0 0 0 0 16546984 0 0 0 0 0 Donation fee income 900099 433798 433798 0 0 Loan Loss Recovery (Provision) 523000 313986 313986 0 0 Other non-operating income 900099 48364 48364 0 0 0 0 0 0 796148 28379048 17343132 0 0 X 0 0 0 0 3341059 3341059 0 0 473920 0 473920 0 0 0 0 0 5918502 1571061 3695755 651686 244296 74859 149419 20018 1617495 406628 1074936 135931 370595 51981 275478 43136 0 0 0 0 85656 77504 8152 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 444156 5210 425868 13078 1147739 513353 634386 0 0 0 0 0 277793 56986 213379 7428 96250 30720 58921 6609 0 0 0 0 26133 573 22718 2842 3633887 3633887 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Other Professional Fees 352855 40754 273170 38931 Forex Losses 3452630 3452630 0 0 Training and technical assistance 29864 9259 18833 1772 Other Operating Expenses 11791 391 11400 0 21524621 13266855 7336335 921431 27796791 24852094 0 0 0 0 10381686 10732748 0 0 0 0 108108884 93986315 0 0 1777146 1139797 0 0 0 0 0 104212228 112047951 0 0 3253914 4754325 255530649 247513230 1052562 4700989 0 0 168569 33198 0 0 0 0 0 0 0 0 62503707 55265313 1858909 1385621 65583747 61385121 X 186748013 183120306 3198889 3007803 189946902 186128109 255530649 247513230 X 6854427 0 0 0 0 -10673220 X X 0 1 X 1 0 X X 1 World Vision International 953202166 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Long-term Investment - Myanmar 26477452 C Long-term Investment - Ecuador 17239789 C Long-term Investment - Honduras 7802800 C Long-term Investment - Tanzania 7104669 C Long-term Investment - AgroInvest Holdings 7033763 C Long-term Investment - Armenia 5608264 C Long-term Investment - Senegal 4828563 C Long-term Investment - Mexico 4568411 C Long-term Investment - Mongolia 3221701 C Long-term Investment - Zambia 3194643 C Long-term Investment - Uganda 3078666 C Long-term Investment - Malawi 2724601 C Long-term Investment - Democratic Republic of Congo 2535398 C Long-term Investment - Kenya 2463494 C Long-term Investment - Ghana 2403643 C Long-term Investment - VF Credo 2289447 C Long-term Investment - Dominican Republic 2136835 C Long-term Investment - Peru 2118936 C Long-term Investment - Guatemala 1849661 C Long-term Investment - Sri Lanka 1589333 C Long-term Investment - Rwanda 1095915 C Long-term Investment - India 681967 C 112047951 0 Interest Payable 1091865 Other Accounts Payable 293756 1385621 119717217 0 0 0 91338169 91338169 28379048 0 0 0 28379048 146671510 0 0 0 125146889 125146889 21524621 0 0 0 21524621 Schedule D, Part XI, Line 2d Subsidiary Interest, Fees and Commission Revenue - 87,462,695; Subsidiary Indirect Public Support - 1,795,072; Subsidiary Funds recovered from Loans written-off - 2,599,199; Subsidiary Other Operating Income - (518,797); Total -91,338,169 Schedule D, Part XII, Line 2d Subsidiary Operating Expense -73,103,331; Subsidiary Interest, Fees and Commission Revenue - 16,717,751; Subsidiary Provision for Loan Loss -27,981,706; Subsidiary Other Non-Operating Loss - 2,095,257; Subsidiary Grant - (1,635,330); Subsidiary Foreign Exchange Loss - 6,884,174; Total -125,146,889 Central America and the Caribbean Unrelated Trade or Business Microfinance 187718 Central America and the Caribbean Program Services Microfinance 62910 East Asia and the Pacific Fundraising Microfinance 88004 East Asia and the Pacific Unrelated Trade or Business Microfinance 282595 East Asia and the Pacific Program Services Microfinance 163511 Europe (including Iceland and Greenland) Fundraising Microfinance 85276 Europe (including Iceland and Greenland) 1 18 Unrelated Trade or Business Microfinance 1563439 Europe (including Iceland and Greenland) Program Services Microfinance 628289 Middle East and North Africa Unrelated Trade or Business Microfinance 122981 North America (including Canada and Mexico, but not the United States) Fundraising Microfinance 200 North America (including Canada and Mexico, but not the United States) Unrelated Trade or Business Microfinance 17062 North America (including Canada and Mexico, but not the United States) Program Services Microfinance 220650 Russia and the newly independent States Unrelated Trade or Business Microfinance 91786 South America Unrelated Trade or Business Microfinance 137452 South America Program Services Microfinance 40957 South America Fundraising Microfinance 423 South Asia Fundraising Microfinance 12895 South Asia Unrelated Trade or Business Microfinance 106261 South Asia Program Services Microfinance 14832 Sub-Saharan Africa Fundraising Microfinance 73859 Sub-Saharan Africa Unrelated Trade or Business Microfinance 1397462 Sub-Saharan Africa Program Services Microfinance 151502 1 18 5450064 Sub-Saharan Africa Microfinance 1030002 Wire transfer Sub-Saharan Africa Microfinance 853018 Wire transfer Sub-Saharan Africa Microfinance 804580 Wire transfer Sub-Saharan Africa Microfinance 742762 Wire transfer East Asia and the Pacific Microfinance 531147 Wire transfer Central America and the Caribbean Microfinance 504227 Wire transfer Sub-Saharan Africa Microfinance 485245 Wire transfer North America (including Canada and Mexico, but not the United States) Microfinance 412756 Wire transfer Sub-Saharan Africa Microfinance 368668 Wire transfer Central America and the Caribbean Microfinance 246000 Wire transfer Sub-Saharan Africa Microfinance 200692 Wire transfer Sub-Saharan Africa Microfinance 153736 Wire transfer Sub-Saharan Africa Microfinance 109971 Wire transfer Central America and the Caribbean Microfinance 40000 Wire transfer 0 14 0 0 1 0 0 0 X X 1 1 X 0 0 0 0 0 0 0 0 0 Edgar S Martinez Board of Director / President & CEO 267692 0 0 0 77333 0 0 0 17048 0 362073 0 0 Dr Jean Baptiste Kamate Board of Director 0 390732 0 0 0 54552 0 0 0 113941 0 559225 0 0 Andrew Morley Board of Director 0 605800 0 0 0 84856 0 0 0 13531 0 704187 0 0 Stephen Lockley Board of Director 0 252662 0 0 0 51854 0 0 0 8765 0 313281 0 0 Christopher Laurent Chief Finance Officer 177626 0 0 0 39864 0 0 0 204 0 217694 0 0 0 Matthew Harvey Secretary 0 138981 0 0 0 10521 0 0 0 18830 0 168332 0 0 Tim Burgett Assistant Secretary 0 191440 0 0 0 8684 0 0 0 47507 0 247631 0 0 Elizabeth Haegelin Assistant Secretary 0 136215 0 0 0 12031 0 0 0 21793 0 170039 0 0 Richard Reynolds Global Director of Operations & Portfolio 148061 0 0 0 64279 0 0 0 29271 0 241611 0 0 0 Miyon Kautz Marketing and Engagement Director 130880 0 0 0 60806 0 0 0 29465 0 221151 0 0 0 Adrian Merryman Chief Development and Impact Investment Officer 130413 0 0 0 66809 0 0 0 28741 0 225963 0 0 0 Karen Parchman Talent & Leadership Director 105804 0 0 0 47464 0 0 0 16747 0 170015 0 0 0 Nathan Brown Global Head of Learning and Development 108000 0 0 0 35924 0 0 0 23694 0 167618 0 0 0 Schedule J, Part I, Line 1a The organization provides for Tax indemnification and gross-up payments and housing allowances to certain employees. Form 990, Part I, Line 5 For efficiency, VFI does not maintain its own payroll; all VisionFund International (VFI) staff are employed by VFI's parent, WVI. A total of ninety (90) VFI staffs are employed by WVI as at 09/30/21 and are assigned to work full time for VFI. Form 990, Part I, Line 6 VFI has nine (9) volunteer directors. Form 990, Part V, Line 2a For efficiency, VFI does not maintain its own payroll; all VFI staff are employed by VFI's parent, WVI. US-based employees were included in WVI's 2020 W-3, Transmittal of Wage & Tax Statements. Some of VFI's employees are not US residents. As such, they are not required to file tax returns with the United States, hence no W-2 was filed for them. The salary and benefit figures reported on the Form 990 Part VII Section A are for comparative purposes only, do not represent any US taxable income. Form 990, Part VI, Section A, Line 1a During the interval between meetings of the Board of Directors, the Board's Executive Committee may exercise the powers of the full Board to act upon any matters which, in the opinion of the Chairman of the Board, should not be postponed until the next previously scheduled meeting of the Board. However, the Committee does not have the power or authority of the Board in reference to (1) matters reserved to the full Board in the company bylaws, (2) amending the company bylaws, or (3) appointing or dismissing the CEO. Form 990, Part VI, Section A, Line 6 WVI is the sole member of VFI. Form 990, Part VI, Section A, Line 7a WVI, the parent of VFI, elects the governing body. Form 990, Part VI, Section A, Line 7b Certain decisions of the VFI Board are subject to the approval of WVI as sole member of VFI. Form 990, Part VI, Section B, Line 11b Form 990 is reviewed by Finance Operations and Transformation Director and a legal representative from WVI. Form 990, Part VI, Section B, Line 12c There is an annual conflict of interest disclosure statement and disciplinary action may include termination of employment. Form 990, Part VI, Section C, Line 19 The organization makes its annual report available to the general public on its website, including financial reports. Other documents are available upon request. Form 990, Part IX, Line 9 Reconciliation of Net Assets - Changes in Values of Net Assets in Subsidiaries: -10,673,220 Form 990, Part XI, Line 9 The difference relates to Changes in Values of Net Assets in Subsidiaries amounting to -10,673,220. Form 990, Part XII, Line 2c Form 990 is reviewed by Assistant Controller, CFO, and a legal representative from WVI. The process has not changed from prior years. World Vision International 800 West Chestnut Ave Monrovia CA 91016 Relief Agency CA 501(c)(3) 170(b)(1)A(i) N/A 0 SEF International Universal Credit Organization LLC 23 Davit Anhaght Street 44 45 47 Yerevan AM Microfinance AM VFI C -412183 22113224 1 0 VisionFund Republica Dominicana SAS Calle Lea de Castro Numero 205 Gazcue Santo Domingo Rep Dom DR Microfinance DR VFI C -139785 4839269 1 0 VisionFund DRC S A 21 Avenue Matadi Q Wenze Kintambo Kinshasa CG Microfinance CG VFI C -1369124 4896058 0.8 0 Banco VisionFund Ecuador SA Ave Jaime Rivadeneira 6-88 Ave Mariano Acosta EC Microfinance EC VFI C 898908 86184543 1 0 VisionFund Ghana Money Lending Limited CT 78 PMB Cantonments Accra GH Microfinance GH VFI C 1041210 11410181 1 0 VisionFund Guatemala SA 17 Calle 05-11 Zona 11 Colonia Mariscal Chimalten GT Microfinance GT VFI C 1462231 11315558 1 0 FUNED VisionFund OPDF Col Montecarlo Blvd Morazan Antiguo Edificio Tegucigalpa HO Microfinance HO VFI C 1414267 14131268 1 0 VisionFund India Private Limited Door no 4 VOC 1st Street Kodambakkam Chennai 600024 Tamil Nadu IN Microfinance IN VFI C 681967 681967 1 0 VisionFund Kenya Limited PO Box 1676-00200 Nairobi KE Microfinance KE VFI C 51457 2006946 0.25 0 VisionFund Malawi Limited Off Presidential Way Area 14 Pot 14-196 Private Bag A232 Lilongwe MI Microfinance MI VFI C -54321 8617668 1 0 Vision F Mexico S A de C V SOFOM ENR Sevilla no 40 Piso 1 Colonia Juarez Delegacion Cuauhtemoc C P 06600 MX Microfinance MX VFI C 2427313 29606999 1 0 VisionFund Mongolia NBFI LLC Somong Plaza No 403 15th Khoroo 13 Khoroolol Bayanzurkh District Ulaanbaatar MG Microfinance MG VFI C 104762 3803843 1 0 VisionFund AgroInvest LLC (Holding) Ul 8 marta 52 Podgorica Montenegro MJ Microfinance MJ VFI C -275989 9751282 1 0 MFI Monte Credit LLC Ul 8 marta 52 Podgorica Montenegro MJ Microfinance MJ VF AgroInvest C 1026436 11552585 0 0 VisionFund Myanmar Company Limited Directorate of Investment and Company Administration BM Microfinance BM VFI C -2012837 45229371 1 0 EDPYME CrediVision S A AV Prolongacion Cesar Canevaro 133 Coop de Vivienda Valle Sharon San Juan de Miraflores Lima PE Microfinance PE VFi C -509399 6468496 1 0 VisionFund Rwanda PLC PO Box 6893 Kigali RW Microfinance RW VFI C 94646 3982851 1 0 VisionFund Senegal Microfinance SA Sicap Amitie 1n 4210Immeuble SouRok1 Allees Seydou Nourou TALL Dakar SG Microfinance SG VFI C 572214 11376833 1 0 AgroInvest Fond LLC Hilandarska 23 11000 Belgrade Serbia RI Microfinance RI VF AgroInvest C -1252602 3419640 0 0 VisionFund Holdings (Private) Limited 619-8 Dr Danister De Silva Mawatha Colombo 09 Sri Lanka CE Microfinance CE VFI C 173868 9327713 1 0 VisionFund Tanzania Microfinance Bank Limited 5th floor AICC Building Serengeti Wing PO Box 1546 Arusha Tanzania TZ Microfinance TZ VFI C -105305 14889760 1 0 VisionFund Uganda Limited Plot 256-257 Makerere Kavule Bombo Road Kampala Uganda UG Microfinance UG VFI C 274139 10122292 1 0 VisionFund Zambia Ltd Vision House Plot 6810 Chiwalamabwe Rd Olympia PO Box33911 Lusaka Zambia ZA Microfinance ZA VFI C 126434 2155913 0.25 0 1 1 1 1 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0 SEF International Universal Credit Organization LLC b 500000 Fair market value SEF International Universal Credit Organization LLC l 112893 Fair market value VisionFund Republica Dominicana SAS a-i 63581 Fair market value VisionFund Republica Dominicana SAS b 40000 Fair market value VisionFund Republica Dominicana SAS d 909064 Fair market value VisionFund Republica Dominicana SAS l 263940 Fair market value VisionFund DRC S A a-i 118358 Fair market value VisionFund DRC S A b 825704 Fair market value Banco VisionFund Ecuador SA a-i 635066 Fair market value Banco VisionFund Ecuador SA d 12500000 Fair market value VisionFund Ghana Money Lending Limited a-i 1516550 Fair market value VisionFund Ghana Money Lending Limited b 887150 Fair market value VisionFund Ghana Money Lending Limited d 4659527 Fair market value VisionFund Ghana Money Lending Limited l 138485 Fair market value VisionFund Guatemala SA a-i 939415 Fair market value VisionFund Guatemala SA b 738694 Fair market value VisionFund Guatemala SA d 6671375 Fair market value VisionFund Guatemala SA l 168598 Fair market value FUNED VisionFund OPDF a-i 1611403 Fair market value FUNED VisionFund OPDF b 746000 Fair market value FUNED VisionFund OPDF d 7646929 Fair market value FUNED VisionFund OPDF l 261503 Fair market value VisionFund India Private Limited b 681967 Fair market value VisionFund Kenya Limited a-i 23140 Fair market value VisionFund Kenya Limited b 275036 Fair market value VisionFund Kenya Limited d 631967 Fair market value VisionFund Kenya Limited l 102689 Fair market value VisionFund Malawi Limited a-i 958594 Fair market value VisionFund Malawi Limited b 861667 Fair market value VisionFund Malawi Limited d 4492909 Fair market value VisionFund Malawi Limited l 117382 Fair market value Vision F Mexico S A de C V SOFOM ENR a-i 1443518 Fair market value Vision F Mexico S A de C V SOFOM ENR b 3117352 Fair market value Vision F Mexico S A de C V SOFOM ENR d 10121478 Fair market value Vision F Mexico S A de C V SOFOM ENR l 397309 Fair market value VisionFund Mongolia NBFI LLC a-i 106508 Fair market value VisionFund Mongolia NBFI LLC l 74454 Fair market value MFI Monte Credit LLC a-i 50606 Fair market value MFI Monte Credit LLC d 3651604 Fair market value MFI Monte Credit LLC l 166734 Fair market value VisionFund Myanmar Company Limited a-i 1082651 Fair market value VisionFund Myanmar Company Limited b 3861565 Fair market value VisionFund Myanmar Company Limited d 5822202 Fair market value VisionFund Myanmar Company Limited l 424912 Fair market value EDPYME CrediVision S A a-i 97527 Fair market value EDPYME CrediVision S A b 500000 Fair market value EDPYME CrediVision S A d 5051108 Fair market value VisionFund Rwanda PLC a-i 30379 Fair market value VisionFund Rwanda PLC b 489508 Fair market value VisionFund Rwanda PLC d 431374 Fair market value VisionFund Rwanda PLC l 70528 Fair market value VisionFund Senegal Microfinance SA a-i 217344 Fair market value VisionFund Senegal Microfinance SA b 195502 Fair market value VisionFund Senegal Microfinance SA d 6047376 Fair market value VisionFund Senegal Microfinance SA l 134692 Fair market value AgroInvest Fond LLC a-i 118533 Fair market value AgroInvest Fond LLC d 1563676 Fair market value AgroInvest Fond LLC l 84954 Fair market value VisionFund Holdings (Private) Limited a-i 230327 Fair market value VisionFund Holdings (Private) Limited b 485294 Fair market value VisionFund Holdings (Private) Limited d 2489244 Fair market value VisionFund Tanzania Microfinance Bank Limited b 53756 Fair market value VisionFund Uganda Limited a-i 560376 Fair market value VisionFund Uganda Limited d 4048308 Fair market value VisionFund Zambia Ltd a-i 910529 Fair market value VisionFund Zambia Ltd d 2578659 Fair market value VisionFund Zambia Ltd l 43426 Fair market value VisionFund DRC S A d 1660010 Fair market value Banco VisionFund Ecuador SA l 167957 Fair market value