Banco VisionFund Ecuador
Banco VisionFund Ecuador is a regulated private microfinance bank serving Ecuadorian microentrepreneurs and low-income individuals through 22 branches across 10 provinces, offering microcredit, savings, fixed-term deposits, remittances, debit cards, and the Familia Protegida microinsurance product under the VisionFund International network.
- Company typePrivate
- Founded1995
- HeadquartersIbarra, Ecuador
- Headcount251–500
- GTM typeB2C
- OfferingServices
What Banco VisionFund Ecuador does
Banco VisionFund Ecuador S.A. is a regulated private bank (Superintendencia de Bancos) headquartered in Ibarra, Ecuador, with a secondary entrance in Quito and 22 branches spanning 10 provinces (Carchi, Imbabura, Pichincha, Cotopaxi, Tungurahua, Chimborazo, Bolívar, Esmeraldas, Manabí and Los Ríos). Founded in 1995 as FODEMI, transformed into Sociedad Financiera VisionFund in 2015, and rebranded as Banco VisionFund Ecuador in 2016, the institution is a subsidiary of VisionFund International (a network of 28 microfinance institutions across 28 countries) and operates with strategic backing from World Vision Ecuador.
Its core products fall into two retail segments. For individuals (Personas), the bank offers consumption loans, a water-and-sanitation solidarity credit, savings accounts (regular, programmed, and children's), fixed-term deposits (from 31 days, COSEDE-insured), and the BVF Efectiva debit card. For microentrepreneurs (Microempresarios), it offers individual microcredits up to USD 60,000 / 72 months, plus and inclusive (up to USD 128 / 12 months, no guarantor) variants, and group solidarity microcredits up to USD 30,000 / 48 months. Complementary services include bill payments, international remittances (1,400 domestic collection points + 350,000 global agents), the Familia Protegida microinsurance product (USD 1.75/month), free medical brigades (2,500+ persons/year), the Ambulancia Naranja mobile clinic (25+ communities/month), and the BVF Educa financial-literacy app.
Revenue is generated primarily through recurring net interest income on the microcredit and deposit book, supplemented by transaction fees (remittances, service payments, debit-card interchange), recurring insurance premiums (Familia Protegida), and float income on deposits. Distribution runs through physical agencies, the BVF en Línea digital channel (web and iOS/Android), WhatsApp advisory, a call center, and partner remittance points. The bank's AA risk rating, sAA- social rating, Smart Campaign client-protection certification, Sello Empresa Inclusiva (ACNUR), and recent European Microfinance Award semifinalist status (EMA2025) anchor its positioning as a regulated, mission-aligned microfinance provider.
Banco VisionFund Ecuador firmographics
Firmographics- Name
- Banco VisionFund Ecuador
- Legal name
- Banco VisionFund Ecuador S.A.
- Website
- https://visionfund.ec
- Company type
- Private
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Banco VisionFund Ecuador is a regulated private microfinance bank serving Ecuadorian microentrepreneurs and low-income individuals through 22 branches across 10 provinces, offering microcredit, savings, fixed-term deposits, remittances, debit cards, and the Familia Protegida microinsurance product under the VisionFund International network.
- Ownership category
- akta.pro rank
Banco VisionFund Ecuador industry classification
Industry- Product category
- Microfinance Banking
- NAICS
- Commercial Banking (522110), Savings Institutions and Other Depository Credit Intermediation (52218)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Microloans & Working Capital Loans (FSAKAGAA)
- akta.pro secondary industries
- Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI), Agricultural & Rural Microfinance (FSAKAGAG), SBA/Government-Backed & Development Finance Loans (FSAKAGAI), Financial Inclusion & Consumer Empowerment (Banking Access, Credit Building) (BPAGALAJ), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)
Keywords
Where Banco VisionFund Ecuador is headquartered
LocationHeadquarters
- HQ city
- Ibarra
- HQ country
- Ecuador
- HQ region
- Latin America
Offices2 records
Markets served
Banco VisionFund Ecuador business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Microcredit and Consumer Lending: Interest income from microcredit products (individual, group, inclusive, plus) and consumer loans for personal consumption, employees, and retirees. Core revenue stream with financing up to USD 60,000 for microcredit and flexible consumer lending.
- Savings and Current Accounts: Demand deposits and savings accounts (regular, programmed, children's savings) generating float income and cross-selling opportunities. Zero or low-cost maintenance accounts.
- Fixed-Term Deposits: Term deposits (from 31 days) with competitive interest rates, generating stable funding and interest margin income.
- Remittances: International money transfer reception services without commissions, with immediate credit to accounts or cash pickup at 1,400+ locations nationally.
- Insurance Products - Familia Protegida: Monthly insurance product (USD 1.75/month) providing medical, legal, psychological coverage, accident death benefit, and access to medical brigades. Benefits over 38,000 families.
- Service Payments: Payment processing for utilities (water, electricity, telephone, internet), taxes, and commercial payments, generating transaction fees.
- Debit Card Services: BVF Efectiva debit card for national and international purchases at millions of establishments, with card maintenance and transaction fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Familia Protegida Insurance - Basic Plan |
| Subscription | Multi-year contract | Fixed-Term Deposits |
| Subscription | Monthly | Programmed Savings |
| Subscription | Monthly | Inclusive Microcredit |
| Subscription | Monthly | Group Microcredit |
| Subscription | Monthly | Individual Microcredit |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels9 records
Banco VisionFund Ecuador product offering
Product offeringCore offering
Banco VisionFund Ecuador is a regulated microfinance bank offering microcredit products (individual, group, inclusive, and plus formats with financing up to USD 60,000), consumer loans, savings accounts (regular, programmed, and children's), fixed-term deposits (minimum 31 days), debit card services, international remittances, and payment processing. It complements financial services with the Familia Protegida insurance product (USD 1.75/month), free medical brigades, the Ambulancia Naranja mobile health service, and financial education programs targeted at microentrepreneurs and low-income families across Ecuador.
Product overview
Banco VisionFund Ecuador offers a unified platform of financial products and services targeting individuals and microentrepreneurs in Ecuador. The core offering includes credit products (personal consumption loans, water/sanitation credits, and microcredits ranging from individual to group formats), savings products (savings accounts, programmed savings, children's savings, and fixed-term deposits), a debit card (BVF Efectiva), and service offerings (utility payments, remittances, insurance, and community health services). The portfolio is delivered through a network of 22+ branches, digital channels (BVF en Línea online banking and mobile app), and community outreach programs (medical brigades, Orange Ambulance). The company positions itself as a purpose-driven bank with international backing from VisionFund International and World Vision, emphasizing financial inclusion for underserved sectors.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- More than $100 million in credits granted supporting thousands of microentrepreneurs
- +4 more outcomes
Companies that use Banco VisionFund Ecuador
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Banco VisionFund Ecuador technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Banco VisionFund Ecuador partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core, minor and flagship.
- CEMOPLAFcoreHealthcare cooperation agreement integrating papanicolau services in medical brigades, health education activities, and preferential medical service access. Includes significant discounts at all CEMOPLAF medical centers nationwide (up to 66% on gynecological consultations).
- Fundación Vista para TodosminorVisual health benefits agreement offering free eye exams, 15% discount on conventional eyeglasses, and 10% discount on ophthalmological surgeries for debit card holders. Available nationwide at all foundation locations.
- Supermercados AKI / Corporación FavoritacoreDescuentos de Colores campaign offering daily discounts on basic basket products when paying with BVF Efectiva debit card. Discounts of 30-40% on eggs, fruits, dairy, meat, seafood, and bakery. Available at 40+ AKI supermarkets nationwide in 14 cities.
- Corporación Financiera Nacional (CFN)coreFinancial Intermediation Participation Agreement for productive financing to natural persons and MSMEs. Enables placement of productive credits and credit guarantees from Fondo Nacional de Garantías, facilitating access to formal credit. Includes CRECER program financing from IDB.
- ACNUR (UNHCR)corePartnership for socioeconomic inclusion of refugees and migrants. Recognition with Sello Empresa Inclusiva after rigorous evaluation. Has delivered USD 6.5 million in credits to approximately 2,600 refugees (77% Colombian, 21% Venezuelan, 2% other nationalities).
- HIASminorPartnership for banking access and credit for migrants and refugees, primarily of Venezuelan origin, focusing on financial inclusion and bancarization.
- Seguros del PichinchacoreStrategic insurance alliance for inclusive microinsurance products designed for entrepreneurs, farmers, and low-income families, protecting them against unforeseen events that could compromise economic stability.
- World Vision Ecuador (WVE)flagshipStrategic alliance with World Vision Ecuador for child protection, community development, and social programs. Deliver accident insurance to 6,000+ children, Youth Ready financial education program, backpack donations, and participation in national recognition events. WVE is part of World Vision International working in 100+ countries for 40+ years in Ecuador.
- Raúl Coka Barriga (Insurance Broker)coreInsurance partner operating Familia Protegida insurance product (USD 1.75/month) with 50+ years of national and international experience. Also provided 1,000 additional accident insurances as donation for children in Chimborazo and Manabí.
Scale indicators12 records
Recent moves9 records
Expansion highlights6 records
Banco VisionFund Ecuador competitors and assessment
Company assessmentDirect peers
- Mi Banco (Colombia) - Fundación Microfinanzas BBVA: Colombian microfinance bank backed by BBVA Foundation serving low-income entrepreneurs with microcredit and savings; closely comparable purpose-driven model and product set to Banco VisionFund Ecuador.
- Mibanco (Peru): Leading Peruvian microfinance bank offering microcredit, SME loans, savings, and remittances to low-income entrepreneurs; directly comparable product set, regulatory environment, and customer base as Banco VisionFund Ecuador.
- BancoSol (Bolivia): Pioneering Bolivian microfinance bank focused on microentrepreneurs with savings, credit, and remittance products; very similar operating model and target customer to Banco VisionFund Ecuador, operating in a regulated Latin American market.
- Bancamía: Colombian microfinance bank serving microentrepreneurs with individual and group credit, savings, and financial inclusion products; comparable mission and customer profile to Banco VisionFund Ecuador.
- FINCA Ecuador: Ecuadorian microfinance institution serving low-income entrepreneurs with group and individual microcredit, savings, and financial education—directly comparable to Banco VisionFund Ecuador in customer segment, product mix, and mission focus.
- Banco Compartamos: Mexico-based microfinance bank serving microentrepreneurs with group and individual microcredit plus savings products; very similar operating model and target segment to Banco VisionFund Ecuador, with materially larger scale.
- ProCredit Bank Ecuador: Direct peer in Ecuador offering SME and small-business banking services; operates under the same Superintendencia de Bancos framework and serves an overlapping microenterprise and small-business customer segment.
Broad incumbents
- Banco Agricola (El Salvador / Banco de America Central): Central American commercial bank with a dedicated microfinance, agricultural lending, and remittance segment serving smallholders and microentrepreneurs; comparable rural and underserved customer focus to Banco VisionFund Ecuador.
- Banco Caja Social: Large Colombian commercial bank with a substantial microfinance and small-business division; broader incumbent operating in the same financial inclusion category as Banco VisionFund Ecuador but at national scale.
Others
- VisionFund International (network): Parent network operating 28 microfinance institutions globally; Banco VisionFund Ecuador is itself part of this network, and sister entities in other countries share the same operating model, products, and impact metrics.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Banco VisionFund Ecuador social profiles
Digital presenceBanco VisionFund Ecuador compliance and trust
Trust signalCompliance5 records
Banco VisionFund Ecuador financial estimates
Financial estimateRevenue estimate
Valuation estimate
Banco VisionFund Ecuador leadership team
Management profileNumber of profiles
Profiles1 record
Banco VisionFund Ecuador funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Banco VisionFund Ecuador M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Banco VisionFund Ecuador
What does Banco VisionFund Ecuador do?
Banco VisionFund Ecuador is a regulated microfinance bank offering microcredit products (individual, group, inclusive, and plus formats with financing up to USD 60,000), consumer loans, savings accounts (regular, programmed, and children's), fixed-term deposits (minimum 31 days), debit card services, international remittances, and payment processing. It complements financial services with the Familia Protegida insurance product (USD 1.75/month), free medical brigades, the Ambulancia Naranja mobile health service, and financial education programs targeted at microentrepreneurs and low-income families across Ecuador.
Is Banco VisionFund Ecuador a public or private company?
Banco VisionFund Ecuador is a private company. It is classified as corporate owned and is currently operating.
When was Banco VisionFund Ecuador founded?
Banco VisionFund Ecuador was founded in 1995. It employs 251 to 500 people.
Where is Banco VisionFund Ecuador based?
Banco VisionFund Ecuador is headquartered in Ibarra, Ecuador, in the Latin America region.
How does Banco VisionFund Ecuador make money?
Seven revenue lines are on record. Microcredit and Consumer Lending is the primary driver. The others are savings and Current Accounts, fixed-Term Deposits, remittances, insurance Products - Familia Protegida, service Payments and debit Card Services.
Who are Banco VisionFund Ecuador's main competitors?
Direct peers on record are Mi Banco (Colombia) - Fundación Microfinanzas BBVA, Mibanco (Peru), BancoSol (Bolivia), Bancamía, FINCA Ecuador, Banco Compartamos and ProCredit Bank Ecuador. Broad incumbents are Banco Agricola (El Salvador / Banco de America Central) and Banco Caja Social. VisionFund International (network) is listed as an others.
Does Banco VisionFund Ecuador have an API?
No public API is recorded for Banco VisionFund Ecuador.
What industry is Banco VisionFund Ecuador in?
Banco VisionFund Ecuador's product category is Microfinance Banking. Its primary akta.pro industry code is FSAKAGAA, Microloans & Working Capital Loans, with a secondary code of FSABAAAI, Small Business Banking (Microbusiness/Sole Proprietor). Its NAICS code is 522110 and its SIC code is 6022.