Richard Shumann's Contact Details

Richard Shumann's Company Details

Vitas Group

Silver Spring, MD, us • 1000 - 4999 Employees
Financial Services

Vitas Group is a for-profit holding company that operates a network of financial services companies, predominantly in the Middle East. With a 20+ year track record of success lending to micro, 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 billion to over 800,000 customers with an annual default rate below one percent. Vitas Group was founded by Global Communities, a global development non-profit organization, and shares its mission of improving the lives and livelihoods of vulnerable people. Vitas operates in Jordan, Lebanon, Romania, Palestine, and Iraq, with its first franchisee company in Egypt that launched in early 2019. We pride ourselves on investing in local professional leadership teams who have deep sectoral expertise, rich knowledge of the market, and over 15 years' experience with Global Communities and Vitas. Their dedication and passion sets the example for our nearly 1,500 local staff around the world, who are on the ground every day showing what it means to finance a better world.