As the world prepares to celebrate the World Refugee Day, our reporter caught up with the CEO of VisionFund Uganda who shares important insights about Refugee Microfinance in Uganda in the interview below:
Q1: Briefly tell us about VisionFund Uganda?
Ans: VisionFund Uganda (VFU) is a Christian microfinance institution, an affiliate of VisionFund International (VFI), and World Vision Uganda (WVU). VFU started operations in Uganda in 1996 as World Vision Uganda’s MED-NET before its incorporation as a company limited by shares in 2012.
We are regulated by the Uganda Microfinance Regulatory Authority (UMRA) to extend credit financial services to Ugandans. Predominantly, VFU serves low-income entrepreneurs living in vulnerable and rural communities by offering financial and livelihood solutions. These services are delivered through our network of 23 locations and 6 field offices, mobile technology and by working with World Vision Uganda through the Area Programmes approach.
Q2: What inspired you to get involved with the refugees?
Ans: At VisionFund Uganda, we are always inspired by our Mission in everything we do. We believe in brighter futures for children, empowering families to create income and jobs, unlocking the economic potential for communities to thrive – This is our Mission and we are devoted to living it through a commitment to transformational development.
Our strategy is intentionally designed towards supporting the realization of our Vision – “For every child to live life in its fullness, the prayer for every heart and the will to make it so.” Similarly, our deliberate strategy to serve the needs of rural and vulnerable communities and households, with a particular focus on women and children has been our other inspirational factor.
We are proud to see that out of the 39,000 clients that VisionFund Uganda serves, 91% of them live in rural areas while 46% are women and our impact has reached over 200,000 children. Specifically for the refugees, since 2019 when we started operations in West Nile to date, we have been able to serve close to 2,000 clients while impacting more than 7,600 children. To us, there is no greater inspiration than this! CLICK HERE FOR MORE ON THIS INTERVIEW.