Vitas Group Overview

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Financing a Better World

Vitas Group created by Global Communities is a for-profit holding company that operates a network of microfinance companies, predominantly in the Middle East. With a 20+ year track record of success lending to micro and small and medium enterprises in the region. We are a unique group of companies and the only such investment vehicle for impact investors in the region. Since 2004, Vitas companies have disbursed more than $2.2 billion to over 830,000 customers with an annual default rate below one percent.
 

Vitas Group currently owns four Global Communities subsidiary companies – Vitas Romania, Vitas Palestine, Vitas Lebanon and Vitas Jordan, with plans to launch Vitas Egypt in 2019.  Vitas shares its brand and values with an affiliated Global Communities microfinance program in Iraq, the largest in the country.

Empowering individuals to prosper and have better control of their destinies through financial inclusion is at the core of Vitas Group’s mission. It is one of the most exciting parts of Global Communities’ broader development and humanitarian work, because Vitas provides critical access to credit to many of the world’s most underserved populations.

We are Strong in Market Position

• Among the top three in terms of market share according to portfolio size in our respective markets.
• Hold first position in niche segment of Small Enterprise lending (by loan size, from $7,000 to $100,000).
• Customer centric approach by focusing on CRO (customer representative officer) relationship, competitive turnaround, loyalty and other products that respond to client needs.
• 93% of Vitas clients rank their overall customer experience in doing business with their respective institution as excellent or good.

 

In 2018, Vitas Group advanced three key strategic initiatives that will continue to define our work in the years to come. We are focused on being - Inclusive, Responsive and Connected – for the benefit of our customers, our managers, and our strategic partners. In Vitas, we have the opportunity to drive inclusion in a region that still suffers the lowest rate of financial inclusion in the world. We have the opportunity to prioritize our financing in productive enterprises that can drive job prospects for youth and economic opportunity for low-income communities. Ultimately, that is what we are about. We thank all our partners and invite you to join us in the exciting journey ahead.