The Microfinance Information Exchange (MIX), the microfinance information clearinghouse, recently released “Latin America and the Caribbean Benchmarks 2009” which compares performance indicators for microfinance institutions in Latin America and the Caribbean. Included in the report is data from 343 microfinance institutions (MFIs) in 18 countries from the year 2009. The report is currently available in English and Spanish.
According to MIX, “Performance benchmarking is a comparative exercise that standardizes raw data and groups institutions to provide a tool for meaningful comparative analysis.” MIX adds that “Managers and practitioners find benchmarking useful in evaluating their institution’s performance within the spectrum of similar organizations” [1].
The report says that MFIs in Latin America and the Caribbean had an aggregate gross loan portfolio of USD 19.6 billion, an increase of 25.4 percent from 2008, and had a total of 14.6 million borrowers, an increase of 10.9 percent from 2008 [1].
The report can be found in English here: http://www.themix.org/sites/default/files/LAC%20Benchmarks%20Tables%202009%20EN%20%28Final%29.pdf and in Spanish here: http://www.themix.org/sites/default/files/LAC%20Benchmarks%20Tables%202009%20ES%20%28Final%29.pdf.
By Julia Korn, Research Associate
About The 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. It operates a global, web-based, microfinance information platform. 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, one of MIX’s products, provides online data on 1800 MFIs and 100 investors as of 2010. 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.
Sources and Additional Resources:
[1] MIX Market. “Just Released: MIX 2009 Latin America and the Caribbean Benchmark Tables” by Syeda Younus on August 17, 2010. http://www.themix.org/press-release/mix-publishes-2009-latin-america-and-caribbean-benchmark-tables
MicroCapital Universe. Microfinance Information Exchange. https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Microfinance+Information+Exchange+%28MIX%29
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