2023-08-14T05:55:23-07:00 2022-09-30 990 2021-10-01 223900800 VISIONFUND INTERNATIONAL VISI 6263038811 800 West Chestnut Avenue Monrovia CA 91016 John Chamberlain Finance Ops and Transformation Dire 6263038811 2023-08-14 1 11 1 AAL2 2021 2023-04-26 12:10:37Z Kai Hutans 800 West Chestnut Avenue Monrovia CA 91016 21489900 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 0 0 0 0 11035916 9090945 16546984 2782805 0 9207282 796148 408868 28379048 21489900 3341059 1203533 0 0 8624808 9586179 0 0 1225702 9558754 12992463 21524621 23782175 6854427 -2292275 247513230 216609007 61385121 67885809 186128109 148723198 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 14168030 1203533 12398955 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, 2022, the loans to MFIs totaled $86,561,705 compared to $93,986,315 at the end of Fiscal Year 2021. 0 0 0 14168030 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 0 0 1 X 0 0 1 0 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 CA X Matthew Harvey 6263038811 800 West Chestnut Avenue Monrovia CA 91016 Andrew Morley Board of Director 1.00 40.00 X 0 614942 3684 Jean Baptiste Kamate Board of Director 1.00 40.00 X 0 396207 3684 Edgar S Martinez President and CEO 40.00 X X 260123 0 18809 Stephen Lockley Board of Director 1.00 40.00 X 0 256654 18971 Tim Burgett Assistant Secretary 1.00 40.00 X 0 187624 65541 Christopher Laurent CFO 40.00 X 180517 0 18036 Sally O'Neil Chief of Strategy 40.00 X 158459 0 20099 Richard Reynolds Global Director of Operations and Portfolio 40.00 X 143118 0 32935 Adrian Merryman Chief Development and Impact Investment Officer 40.00 X 137874 0 36666 Elizabeth Haegelin Assistant Secretatry 1.00 40.00 X 0 145909 26440 Annelise Thornton Global Director, People & Culture 40.00 0 X 151307 0 12104 Matthew Harvey Secretary 20.00 20.00 X 0 147444 15149 Launce Moses Regional Head, Asia 40.00 X 150206 0 12355 John Chamberlain Financial Operations and Transformation Director 40.00 X 55866 0 4469 Kai Hutans Interim CFO 40.00 X 32129 0 208 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 1.00 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 Tifanny T F Huang Board of Director 1.00 X 0 0 0 Dennis Weibling Board of Director 1.00 X 0 0 0 1269599 1748780 289150 19 0 1 0 RJB Systems Inc 2200 E 104th Avenue Ste 209 Thornton CO 80233 Systems Banking Services 541375 BankBI UK Limited Kingfisher House Yateley England UK Systems Banking Services 475361 KPMG LLP PO Box 120922 Dallas TX 75312 Audit services 373000 Temenos Holdings 2 Rue De l Ecole-De-Chimie 1205 Geneva SZ Systems banking services 310797 Software Group BG Ltd 115N Tsarigradsko Shoose Blvd 1784 Sofia BU Systems Banking Services 221199 8 0 0 0 8476839 0 614106 0 9090945 Management fee income 523000 2782805 2782805 0 0 0 0 0 0 2782805 9207282 9207282 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Donation fee income 900099 404505 404505 0 0 Other non-operating income 900099 4363 4363 0 0 0 0 0 0 408868 21489900 12398955 0 0 1203533 1203533 829383 0 829383 0 6742314 2119561 3891911 730842 221977 90939 121946 9092 1431601 457678 831760 142163 360904 65265 256648 38991 107042 8970 98072 0 179495 37367 124662 17466 762443 449539 312904 0 154447 38294 109275 6878 481290 88736 293603 98951 78625 12306 62493 3826 2568301 2568301 0 0 Other professional fees 1628068 120631 1335041 172396 Forex losses 5479109 5479109 0 0 Provision for loan losses 262735 262735 0 0 Impairment loss in value of subsidiaries 961949 961949 0 0 328959 203117 120745 5097 23782175 14168030 8388443 1225702 24852094 26685471 0 0 0 0 10732748 6087214 0 0 0 0 93986315 86561705 0 0 1139797 948624 0 0 0 0 112047951 93723615 0 0 4754325 2602378 247513230 216609007 4700989 1738902 0 0 33198 48775 0 0 0 0 0 0 0 0 55265313 62973628 1385621 3124504 61385121 67885809 X 183120306 145108321 3007803 3614877 186128109 148723198 247513230 216609007 X -2292275 0 0 0 0 -35112636 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 Equity Investment - Ecuador 18298247 F Equity Investment - Honduras 7414550 F Equity Investment - Tanzania 7236674 F Equity Investment - Mexico 5996170 F Equity Investment - Senegal 5644548 F Equity Investment - AgroInvest 5493462 F Equity Investment - Ghana 4983979 F Equity Investment - Armenia 4668530 F Equity Investment - Malawi 3754503 F Equity Investment - Zambia 3640323 F Equity Investment - Mongolia 3256038 F Equity Investment - India 3210516 F Equity Investment - Guatemala 2610024 F Equity Investment - Myanmar 2414077 F Equity Investment - Uganda 2355761 F Equity Investment - Dominican Republic 2266440 F Equity Investment - Rwanda 2207654 F Equity Investment - Kenya 2205395 F Equity Investment - Peru 1959634 F Equity Investment - Democratic Republic of Congo 1886358 F Equity Investment - Credo 1326086 F Equity Investment - Sri Lanka 894646 F 93723615 0 Interest payable 859004 Other accounts payable 1303551 Impairment loss in value of subsidiary (provision) 961949 3124504 126711997 0 0 0 105222097 105222097 21489900 0 0 0 21489900 137638231 0 0 0 113856056 113856056 23782175 0 0 0 23782175 Schedule D, Part XI, Line 2d Subsidiary Interest, fees and commission revenue - $98,268,495, Subsidiary Indirect public support - $4,710,706, Subsidiary Other operating income - $2,760,131 and Subsidiary Funds recovered from loans written-off - ($517,235); Total - $105,222,097. Schedule D, Part XII, Line 2d Subsidiary operating expenses - $81,101,327, Subsidiary interest, fees and commission expenses - $15,959,746, Subsidiary foreign exchange losses -$8,200,915; Subsidiary provision for loan losses - $4,320,119 and Subsidiary other non-operating expenses - $4,273,949; Total - $113,856,056. Central America and the Caribbean 0 3 Program Services Microfinance 271141 East Asia and the Pacific 0 21 Program Services Microfinance 707994 Europe (including Iceland and Greenland) 1 20 Program Services Mircofinance 1818558 Middle East and North Africa 0 1 Program Services Microfinance 131919 North America (including Canada and Mexico, but not the United States) 0 4 Program Services Microfinance 131375 Russia and the newly independent States 0 2 Program Services Microfinance 181311 South America 0 3 Program Services Microfinance 423167 South Asia 0 5 Program Services Microfinance 87204 Sub-Saharan Africa 0 33 Program Services Microfinance 1740064 Central America and the Caribbean 0 0 Investments 1803705 East Asia and the Pacific 0 0 Investments 1905221 South America 0 0 Investments 18110 South Asia 0 0 Investments 12250 Sub-Saharan Africa 0 0 Investments 5045026 1 92 14277045 East Asia and the Pacific Digitization (Mongolia). 66000 Wire transfer 0 Book value East Asia and the Pacific Operating expenses (Mongolia). 37470 Wire transfer 0 Book value East Asia and the Pacific Investing in women (Vietnam). 5436 Wire transfer 0 Book value East Asia and the Pacific Operating expenses (Vietnam). 114919 Wire transfer 0 Book value Sub-Saharan Africa Operating expenses (Ghana) 30172 Wire transfer 0 Book value Sub-Saharan Africa Digitization (Kenya). 45900 Wire transfer 0 Book value Sub-Saharan Africa Operating expenses (Kenya). 96313 Wire transfer 0 Book value Sub-Saharan Africa Recovery lending program (Kenya). 25000 Wire transfer 0 Book value Sub-Saharan Africa Investing in women (Malawi). 224281 Wire transfer 0 Book value Sub-Saharan Africa Operating expenses (Malawi). 9360 Wire transfer 0 Book value Sub-Saharan Africa Operating expenses (Uganda). 39035 Wire transfer 0 Book value Sub-Saharan Africa Recovery lending program (Uganda). 83647 Wire transfer 0 Book value Sub-Saharan Africa Operating expenses (Zambia). 250000 Wire transfer 0 Book value Sub-Saharan Africa World food programme (Zambia). 100000 Wire transfer 0 Book value Sub-Saharan Africa Recovery lending program (DR Congo). 75000 Wire transfer 0 Book value 0 8 0 0 1 0 0 0 X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Andrew Morley Board of Director 0 538432 0 0 0 76510 0 0 0 3684 0 618626 0 0 Jean Baptiste Kamate Board of Director 0 268674 0 0 0 127533 0 0 0 3684 0 399891 0 0 Stephen Lockley Board of Director 0 247939 0 0 0 8715 0 14876 0 4095 0 275625 0 0 Edgar S Martinez President and CEO 258963 0 0 0 1160 0 0 0 18809 0 278932 0 0 0 Kai Hutans Interim CFO 32129 0 0 0 0 0 0 0 208 0 32337 0 0 0 Christopher Laurent CFO 180363 0 0 0 154 0 18036 0 0 0 198553 0 0 0 John Chamberlain Financial Operations and Transformation Director 55866 0 0 0 0 0 4469 0 0 0 60335 0 0 0 Tim Burgett Assistant Secretary 0 183813 0 0 0 3811 0 46976 0 18565 0 253165 0 0 Matthew Harvey Secretary 0 146894 0 0 0 550 0 14677 0 472 0 162593 0 0 Elizabeth Haegelin Assistant Secretatry 0 142099 0 0 0 3810 0 20182 0 6258 0 172349 0 0 Sally O'Neil Chief of Strategy 158459 0 0 0 0 0 15846 0 4253 0 178558 0 0 0 Annelise Thornton Global Director, People & Culture 151307 0 0 0 0 0 12104 0 0 0 163411 0 0 0 Launce Moses Regional Head, Asia 150206 0 0 0 0 0 12017 0 338 0 162561 0 0 0 Richard Reynolds Global Director of Operations and Portfolio 141828 0 0 0 1290 0 21721 0 11214 0 176053 0 0 0 Adrian Merryman Chief Development and Impact Investment Officer 127691 0 0 0 10183 0 18281 0 18385 0 174540 0 0 0 Schedule J, Part I, Line 1a The organization provides for Tax Indemnification and gross-up payments and housing allowance to certain employees. Form 990, Part V, Line 2a For efficiency, VisionFund International (VFI) does not maintain its own payroll; all VFI staff are employed by VFI's parent, World Vision International (WVI). US-based employees were included in WVI's 2020 W-3, Transmittal of Wage and 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-3 was filed for them. The salary and benefit figures reported on the Form 990 Part VII Section A are for comparative purposes only and 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 and (3) Appointing or dismissing the CEO. Form 990, Part VI, Section A, Line 6 Word Vision International is the sole member of VisionFund International. Form 990, Part VI, Section A, Line 7a World Vision International, the parent of VisionFund International, elects the governing body. Form 990, Part VI, Section A, Line 7b Certain decisions of the VisionFund International (VFI) Board are subject to the approval of World Vision International as sole member of VFI. Form 990, Part VI, Section B, Line 11b Form 990 is reviewed by the Finance Operations and Transformation Director and a legal representative from World Vision International. Form 990, Part VI, Section B, Line 12c There is an annual conflict of interest disclosure statement that staff has to acknowledged 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 XI, Line 9 Represents Changes in values of Net Assets in Subsidiaries amounting to $35,112,636. Form 990, Part XII, Line 2c Financial Statements is reviewed by the Finance Operations and Transformation Director. The Audit and Risk Committee approves the year-end Financial Statements. Selection of independent auditor is done through the sourcing of suppliers process together with World Vision International. SEF International Universal Credit Organization LLC 23 Davit Anhaght Street 44 45 47 Yerevan AM Microfinance AM VFI C 1600019 26080918 1 0 VisionFund Republica Dominicana SAS Calle Lea de Castro Numero 205 Gazcue Santo Domingo DR Microfinance DR VFI C 753568 8235932 1 0 VisionFund DRC 21 Avenue Matadi Q Wenze Kintambo Kinshasa CG Microfinance CG VFI C -379604 5655302 0.8 0 Banco VisionFund Ecuador SA Ave Jaime Rivadeneira 6-88 and Ave Mariano Acosta Ibarra EC Microfinance EC VFI C 1855947 105106593 1 0 VisionFund Ghana Micro Credit Limited CT 78 PMB Cantonments Accra GH Microfinance GH VFI C 341353 6993335 0.9 0 VisionFund Guatemala SA 17 Calle 05-11 Zona 11 Colonia Mariscal GT Microfinance GT VFI C 142084 14479746 1 0 FUNED VisionFund OPDF Col Montecarlo Blvd Morazan Antiguo Edificio Tegucigalpa HO Microfinance HO VFI C 3049754 14292262 0.992 0 VisionFund India Private Limited Door no 4 VOC 1st Street Kodambakkam Chennai 600024 Tamil Nadu IN Microfinance IN VFI C 2361522 3054419 0.999 0 VisionFund Kenya Limited PO Box 1676-00200 Nairobi KE Microfinance KE VFI C -99901 1819358 0.25 0 VisionFund Ltd Off Presidential Way Area 14 Plot 14-196 Private Bag A232 Lilongwe MI Microfinance MI VFI C 1471595 8429991 0.99 0 VisionFund Mexico S A de C V SOFOM ENR Sevilla no 40 Piso 1 Colonia Juarez ALCALDIA CUAUHTEMOC C P 06600 MX Microfinance MX VFI C 3043461 41528287 1 0 VisionFund NBFI LLC Somong Plaza No 403 15th Khoroo 13 Khoroolol Bayanzurkh District Ulaanbaatar MG Microfinance MG VFI C -26037 3854654 1 0 VisionFund AgroInvest LLC (Holding) Ul 8 marta 52 Podgorica Montenegro MJ Microfinance MJ VFI C -764581 12215238 1 0 MFI Monte Credit LLC Ul 8 marta 52 Podgorica Montenegro MJ Microfinance MJ VF AgroInvest C -827720 10508764 0 0 VisionFund Myanmar Company Limited Directorate of Investment and Company Administration BM Microfinance BM VFI C -2142303 26352479 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 -678991 878509 0.981 0 VisionFund Rwanda PLC PO Box 6893 Kigali RW Microfinance RW VFI C 1457096 4475546 1 0 VisionFund Senegal Microfinance SA Sicap Amitie 1n 4210 Immeuble SouRok1 Allees Seydou Nourou TALL Dakar SG Microfinance SG VFI C -332651 12137365 1 0 AgroInvest Fond LLC Hilandarska 23 11000 Belgrade Serbia RI Microfinance RI VF AgroInvest C -813782 1706474 0 0 VisionFund Holdings (Private) Limited 619-8 Dr Danister De Silva Mawatha Colombo 09 Sri Lanka CE Microfinance CE VFI C -558533 6154929 1 0 VisionFund Tanzania MFB Limited 5th floor AICC Building Serengeti Wing PO Box 1546 Arusha Tanzania TZ Microfinance TZ VFI C -1801707 13123143 0.66 0 VisionFund Uganda Limited Plot 256-257 Makerere Kavule Bombo Road Kampala Uganda UG Microfinance UG VFI C 363929 10307200 0.99 0 VisionFund Zambia Ltd Vision House Plot 6810 Chiwalamabwe Rd Olympia PO Box33911 Lusaka Zambia ZA Microfinance ZA VFI C 215745 2491230 0.25 0 1 1 1 1 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0 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Limited l 146181 Fair market value VisionFund Guatemala SA a-i 1110643 Fair market value VisionFund Guatemala SA b 49567 Fair market value VisionFund Guatemala SA d 7721401 Fair market value VisionFund Guatemala SA l 182180 Fair market value FUNED VisionFund OPDF a-i 1037160 Fair market value FUNED VisionFund OPDF b 3928303 Fair market value FUNED VisionFund OPDF d 5296975 Fair market value FUNED VisionFund OPDF l 260999 Fair market value VisionFund India Private Limited b 2529232 Fair market value VisionFund Kenya Limited a-i 45364 Fair market value VisionFund Kenya Limited b 109097 Fair market value VisionFund Kenya Limited d 1178322 Fair market value VisionFund Kenya Limited l 113260 Fair market value VisionFund Ltd a-i 736845 Fair market value VisionFund Ltd b 1136367 Fair market value VisionFund Ltd d 3577844 Fair market value VisionFund Ltd l 130116 Fair market value VisionFund Mexico S A de C V SOFOM ENR a-i 1666591 Fair market value VisionFund Mexico S A de C V SOFOM ENR d 13099895 Fair market value VisionFund Mexico S A de C V SOFOM ENR l 477898 Fair market value VisionFund NBFI LLC l 54312 Fair market value MFI Monte Credit LLC a-i 25391 Fair market value MFI Monte Credit LLC d 2354809 Fair market value MFI Monte Credit LLC l 159651 Fair market value VisionFund Myanmar Company Limited a-i 891815 Fair market value VisionFund Myanmar Company Limited b 1366815 Fair market value VisionFund Myanmar Company Limited d 1806310 Fair market value VisionFund Myanmar Company Limited l 638098 Fair market value EDPYME CrediVision S A b 753604 Fair market value EDPYME CrediVision S A d 331099 Fair market value VisionFund Rwanda PLC b 1396152 Fair market value VisionFund Rwanda PLC d 414043 Fair market value VisionFund Rwanda PLC l 64549 Fair market value VisionFund Senegal Microfinance SA a-i 327629 Fair market value VisionFund Senegal Microfinance SA b 588475 Fair market value VisionFund Senegal Microfinance SA d 5851430 Fair market value VisionFund Senegal Microfinance SA l 167845 Fair market value AgroInvest Fond LLC a-i 65150 Fair market value AgroInvest Fond LLC d 833110 Fair market value VisionFund Holdings (Private) Limited a-i 109651 Fair market value VisionFund Holdings (Private) Limited b 477250 Fair market value VisionFund Holdings (Private) Limited d 2489244 Fair market value VisionFund Holdings (Private) Limited l 37134 Fair market value VisionFund Tanzania MFB Limited b 21311 Fair market value VisionFund Uganda Limited a-i 857548 Fair market value VisionFund Uganda Limited b 37874 Fair market value VisionFund Uganda Limited d 4238856 Fair market value VisionFund Uganda Limited l 156492 Fair market value VisionFund Zambia Ltd a-i 410430 Fair market value VisionFund Zambia Ltd b 232817 Fair market value VisionFund Zambia Ltd d 3119685 Fair market value VisionFund Zambia Ltd l 66085 Fair market value