Despite the war, international companies slowly continued entering the market, looking for high returns and post-war new market opportunities. VisionFund Ukraine, after two years on the market, received a license from the National Bank of Ukraine to operate as a non-bank financial institution providing loans.
This significant milestone represents the official launch of VisionFund Ukraine’s operations as a finance company in the country. The company will start lending to small businesses and cooperating with stakeholders to support the implementation of the National Barrier-Free Ukraine Strategy in financial inclusion. This collaboration will involve local stakeholders in business, civil society, academia, communities, and international partners.
“I look forward to working with entrepreneurs and partners in the financial inclusion ecosystem. We plan to enhance entrepreneurship in Ukraine by financing small businesses to support economic recovery and capacity building of communities and help families achieve financial stability”, said Wesley Jordan, Chief Executive Officer of VisionFund Ukraine. “We start now as we understand how important fast recovery is and how timely and vital is access to capital and inclusive finance for small businesses in Ukraine,” he added.
VisionFund Ukraine is part of the global VisionFund network, which provides financial inclusion services in 28 countries across four continents. Its products and services include loans, savings, insurance, and financial education. These services are designed to meet the needs of small businesses and entrepreneurs, especially in rural areas.
Over the past 21 years, the VisionFund network has lent $12.2B through 21.5 million loans, providing financial services to millions of clients worldwide. With a long history of trust, transparency, and empowering individuals and communities, VisionFund prioritizes impact investment. This means providing inclusive access to capital for small businesses and contributing to Ukraine’s economic and social recovery.
“Making a positive impact on the lives of our clients and their families is the most noteworthy objective of our work. Through the grace of God, we have been blessed to witness measurable change over time in the businesses and households,” VisionFund President and Chief Executive Officer Edgar Martinez said. “Looking forward, we continue to keep pace with global changes, including digital transformation, to support the well-being of our clients.”