VisionFund brings micro finance to Myitkyina

People living in Myitkyina, the capital city of Kachin State, have improved access to responsible microfinance thanks to a partnership between VisionFund Myanmar and the Livelihoods and Food Security Trust Fund (LIFT) through World Vision. The branch was officially opened by representatives from VisionFund and local authorities recently.
With around 32 per cent of the country’s population still living below the poverty line, VisionFund focuses on serving rural areas that are financially under served and bringing about positive change in communities and families living in poverty.
“VisionFund seeks to lift people out of poverty by providing microfinance to improve small businesses. With the right support, entrepreneurial families have the potential to not just help themselves but benefit their entire community,” says Rommel Caringal, Chief Executive Officer of VisionFund Myanmar. “We are already making great progress in serving the people of Myitkyina and look forward to doing more in helping unlock the economic potential in the area,” he adds.
VisionFund is also known for its emphasis on providing quality financial services to vulnerable communities with a special focus on empowering women.
As a subsidiary of World Vision, the MFI’s vision is to ensure the wellbeing of children in poor communities through its microfinance work. “It is our intention to expand our operations to meet the needs of the most vulnerable families and communities.
We will look to empower more women through this process and thereby ensure children are better cared for and protected,” Says Suresh Bartlett, National Director of World Vision Myanmar.

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