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FRAC
ORGANIZATIONAL PROFILE: Fundación Realidad (FRAC), a World Vision affiliate, was founded in 1997 with the goal of helping improve the socioeconomic conditions and the productivity of the neediest populations living in the areas where World Vision’s Area Development Projects (ADPs) are located. The majority of FRAC's clients are women and in rural areas. FRAC offers loans using both solidarity group and village bank methodologies.
FRAC operates in some of the poorest areas in Mexico, including a number that have been hit with natural disasters. FRAC was
involved in a special project to channel assistance to the Tabasco area, which was affected by severe flooding at the end of 2007. Beneficiaries received donated equipment and supplies as well as loans for working capital.
ORGANIZATIONAL VITALS
| # of BORROWERS: |
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18,913
(as of 6/30/10) |
| OUTSTANDING GROSS LOAN PORTFOLIO: |
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$6,616,952
(as of 6/30/10) |
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