Microfinance Information Exchange (MIX), a nonprofit organization based in Washington, DC, that provides business, financial and operational information on the microfinance sector, has recently released the “Microfinance Market Report for Latin America and Caribbean 2010”.
Prepared in the context of the global economic downturn that began in 2008, the report covers the performance of microfinance institutions (MFIs) in the Latin American and Caribbean region in 2009. The report also analyzes trends in the region, compares current MFI performance to previous years and discusses implications for the future. Data from the MIX Market database, a platform that collates financial information from approximately 1800 MFIs across the world, is used for the analysis, which is presented for the region as a whole, as well as by country.
The 2010 report examines the issue of “cross-indebtedness,” a situation that occurs when a borrower has active loans with more than one MFI. MFIs in Ecuador are chosen for the purpose of this case study to understand the extent of cross-indebtedness and to determine its relationship with the risk profile of the MFI in question.
Despite regional portfolio growth of 24 percent (compared to 13.6 percent in 2008), some Central American countries did not fare well, owing to isolated events that affected individual countries including Nicaragua, Honduras and El Salvador [1]. MIX has further consolidated its findings for MFIs in Central America in another recently published report, “Benchmarking Microfinance in Central America”, http://www.themix.org/publications/mix-microfinance-world/2010/11/benchmarking-microfinance-central-america-2010
By: Medha Ravi, Research Associate
About Microfinance Information Exchange (MIX):
Established in 2002, Microfinance Information Exchange (MIX) is a nonprofit organization with headquarters in Washington, DC, and regional offices in Peru, Senegal, India and Indonesia. MIX provides detailed financial and social performance information from microfinance institutions (MFIs), as well as business information from market facilitators, donor organizations and investors in microfinance. MIX Market currently provides online data on over 1800 MFIs and 100 investors. MIX was founded by CGAP (Consultative Group to Assist the Poor) and is sponsored by Citi Foundation, Deutsche Bank Americas Foundation, International Fund for Agricultural Development (IFAD) and the Bill & Melinda Gates Foundation.
Source and Resources:
[1] Microfinance Information Exchange (MIX): “New Analysis of Microfinance in Latin America and the Caribbean”, January 21, 2011, http://www.themix.org/sites/default/files/LAC%20Benchmarking%20Report%202010%20English.pdf
MicroCapital.org story, August 19, 2010: “MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Releases “Latin America and the Caribbean Benchmarks 2009”, https://www.microcapital.org/microcapital-brief-microfinance-information-exchange-mix-releases-%E2%80%9Clatin-america-and-the-caribbean-benchmarks-2009%E2%80%9D/
MicroCapital’s Microfinance Universe profile: Microfinance Information Exchange, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Microfinance+Information+Exchange+%28MIX%29
Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/
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