Source: Microfinance Information eXchange (MIX).
Original press release available here in English and Spanish.
The Microfinance Information eXchange (MIX) and its network partner REDCAMIF have released the report “Benchmarking Microfinance in Honduras 2006,” based on data collected from 12 Honduran microfinance institutions (MFIs). The MFIs analyzed in the report represent a total loan portfolio of USD 83 million, with 146,000 borrowers, and USD 6.9 million in savings from 33,000 savers. The report is available only in Spanish.
“Benchmarking Microfinance in Honduras” includes three-year dynamic trend data as well as benchmarks. According to the report, the Honduran microfinance sector saw rapid growth in 2006, fueled by increasing access to commercial funding sources and continued demand for financial services. Honduran microfinance institutions led the entire Central America region in profitability.
The report includes an in-depth examination of the OPDF regulatory structure, a Honduran law permitting its MFIs to accept deposits from the public and to submit to supervision by the national banking authority.
About REDCAMIF
The Red Centroamericana de Microfinanzas (REDCAMIF) is a regional organization located in Nicaragua that represents the national networks of Central America. Its mission is to consolidate the microfinance industry in Central America, promote the strengthening of the national networks and their members and generate strategic alliances that contribute to the improvement of the lives of the programs’ clients.
About MIX
The Microfinance Information eXchange (MIX) provides business information and data services for the microfinance industry. Dedicated to strengthening the microfinance sector by promoting transparency, MIX provides detailed performance and financial information on microfinance institutions, investors, networks and service providers associated with the industry. MIX does this through a variety of publicly available platforms, including MIX Market (www.mixmarket.org) and the MicroBanking Bulletin.
MIX is a non-profit organization founded by CGAP (Consultative Group to Assist the Poor) and others, and sponsored by CGAP, Citi Foundation, Deutsche Bank Americas Foundation, Omidyar Network, Open Society and the Soros Economic Development Fund, Rockdale Foundation and others.
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