The fund's monies expressed as a % of the fund's assets that are set aside specifically for investment in the Microfinance sector (as opposed to other industries/sectors/ type of projects that the fund may invest in).
The fund assets expressed as a % of the fund's assets that are already invested in MF sector or committed to specific MFIs, but not yet paid out to these institutions. This may be more than the amount invested and disbursed (not detailed here). It is an efficiency measure for how well the Fund commits monies to MFIs (not how well the Fund disburses or "hands out" the monies).
The fund's monies expressed as a % of the fund's assets, that are set aside specifically for investment in the Microfinance sector (as opposed to other industries/sectors/ type of projects that the fund may invest in).
The fund assets expressed as a % of the fund's assets that are already invested in MF sector or committed to specific MFIs, but not yet paid out to these institutions. This may be more than the amount invested and disbursed (not detailed here). It is an efficiency measure for how well the Fund commits monies to MFIs (not how well the Fund disburses or "hands out" the monies).
A licensed financial intermediary regulated by a state banking supervisory agency. It may provide any of a number of financial services, including: deposit taking, lending, payment services, and money transfers.
A non profit, member-based financial intermediary. It may offer a range of financial services, including lending and deposit taking, for the benefit of its members. While not regulated by a state banking supervisory agency, it may come under the supervision of regional or national cooperative council.
Subordinated debt is now classified as a distinct line item within the overall MFI debt structure. As a result, MFI leverage may change from prior year results if such subordinated debt were previously classified as equity
Total deposits, whether voluntary, compulsory, retail or institutional are presented under Deposits on the face of the balance sheet. This change means that the Total Deposits amount is higher than previously reported. Ratios, such as deposits-to-assets, are also impacted. This change brings microfinance reporting in line with the MFIs' own financial statements. Users may also view more detailed breakouts on deposits by reviewing the segments reported. Deposits are broken out according to the type of client and product. This additional break includes disclosures of voluntary vs. compulsory deposits, and retail vs. institutional deposits.
These expenses will continue to be classified by associated liability, but are also broken down by type of expense (interest, fee) for each associated financial liability. Historical data from MIX Market does not offer a comparable level of detail in the income statement.
Revenues from the loan portfolio and from other financial assets are broken out separately and by type of income (interest, fee). Historical data from MIX Market does not offer a comparable level of detail in the income statement.
The fund's monies set aside specifically for investment in the Microfinance sector (as opposed to other industries/sectors/ type of projects that the fund may invest in).
The fund assets already invested in MF sector or committed to specific MFIs, but not yet paid out to these institutions. This may be more than the amount invested and disbursed (not detailed here). It is an efficiency measure for how well the Fund commits monies to MFIs (not how well the Fund disburses or "hands out" the monies).
As exchange and other gains (losses) from financial assets or liabilities have increased in value, the income statement now contains separate gain (loss) line items. Financial income and expense ratios may vary when compared with prior year results.
GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank.
The non-cash expense calculated as a percentage of the value of the loan portfolio that is at risk of default. This value is used to create or increase the impairment loss allowance on the balance sheet.
Indices shown for Consumer Prices are the most frequently used indicators of inflation and reflect changes in the cost of acquiring a fixed basket of goods and services by the average consumer. The percent changes are calculated from the index number series. Preference is given to series having wider geographical coverage and relating to all income groups, provided they are no less current than more narrowly defined series. The weights are usually derived from household expenditure surveys (which may be conducted infrequently). Other limitations might exist in terms of coverage of commodities for pricing, income groups, or their expenditure in the chosen index. The Laspeyres index formula is the most commonly used to calculate the changes in consumer prices.
Financial assets are presented according to standard IFRS categories based on the treatment of those assets, whether financial assets at fair value through profit or loss, financial assets available for sale, or held-to-maturity. Financial assets not presented in MFI statements according to one of these accounting treatments are treated as short term investments, classified as cash and cash equivalents. As a result, cash and cash equivalents balances may be higher than reported previously.
All outstanding principals due for all outstanding client loans. This includes current, delinquent, and renegotiated loans, but not loans that have been written off. It does not include interest receivable. See also Data note for historical differences in treatment of the Loan Portfolio.
Loan portfolio includes all loans made by the MFI, regardless of product or client type. This change means that total loan portfolio numbers are higher than previously reported. Ratios, such as loan portfolio assets or operating expense/loan portfolio are also impacted. This change brings microfinance reporting in line with the MFIs' own financial statements. Users may also view more detailed breakouts on loan portfolios by reviewing the segments reported. Loan portfolios are broken out according to the type of client and product, the economic sector being financed, lending methodology and other relevant segments. This additional breakout includes disclosure of microenterprise vs household and consumer financing as well as retail vs institutional lending
New fund's monies to be invested in the Microfinance sector over the next 12-month period (excluding funds already committed to specific MFIs, but not yet disbursed).
An organization registered as a non profit for tax purposes or some other legal charter. Its financial services are usually more restricted, usually not including deposit taking. These institutions are typically not regulated by a banking supervisory agency.
An institution that provides similar services to those of a Bank, but is licensed under a separate category. The separate license may be due to lower capital requirements, to limitations on financial service offerings, or to supervision under a different state agency. In some countries this corresponds to a special category created for microfinance institutions.
The number of individuals or entities who currently have an outstanding loan balance with the MFI or are primarily responsible for repaying any portion of the Loan Portfolio, Gross. Individuals who have multiple loans with an MFI should be counted as a single borrower. See also Data note for historical differences in treatment of the Borrowers.
Number of individuals who are active borrowers and/or savers with the MFI. A person with more than just one such account (i.e. with a loan and a savings account) is counted as a single client in this measure.
Number of active financial and technical (e.g. technical assistance) transactions (including loans & debt securities, equity, grants, guarantees and grants) carried on by the fund with its MFI clients.
Number of any type of deposit account held by the MFI, whether voluntary or compulsory. See also Data note for historical differences in treatment of the Deposit Accounts.
Number of clients with any type of deposit account, whether voluntary or compulsory. See also Data note for historical differences in treatment of Depositors.
The number of employees whose main activity is to manage a portfolio of the Gross Loan Portfolio. A loan officer is a staff member of record who is directly responsible for arranging and monitoring client loans.
Number of loan accounts associated for any outstanding loan balance with the MFI and any portion of the Loan Portfolio. See also Data note for historical differences in treatment of the Borrowers.
The number of staffed points of service and administrative sites used to deliver or support the delivery of financial services to microfinance clients.
The value of all loans outstanding that have one or more installments of principal past due more than [XX] days. This includes the entire unpaid principal balance, including both the past due and future installments, but not accrued interest. It also includes loans that have been restructured or rescheduled.
Includes all taxes paid on net income or other measure of profits as defined by local tax authorities. This item may also include any revenue tax. It excludes taxes related to employment of personnel, financial transactions, fixed-assets purchase or other value-added taxes.
Total amount of loans written off during the period. A write-off is an accounting procedure that removes the outstanding balance of the loan from the Loan Portfolio and from the Impairment Loss Allowance when these loans are recognized as uncollectable.
