Are World Vision entrepreneurs prefunded?
World Vision believes that, at this time, a pre-disbursal of funds is necessary for the success of the model from both the donor and the MFI perspective. Donors expect World Vision to be efficient and effective with funding and we continually work to minimize costs that can create time delays. Transactions across the world are costly so World Vision bundles transactions and sends them to its MFIs on a monthly or bimonthly basis. This practice allows MFIs to be more efficient and better serve their clients. World Vision’s MFIs work extremely hard to provide world-class service to borrowers. To ask an entrepreneur to develop a business plan, go through training, prepare for the startup of a business, and then wait unnecessarily for a loan would be bad customer service.
