MIX Microfinance Information eXchange

MIX Market

Download DataCreate ReportRequest a changeAdd logoSubmit a File

AFODENIC4Asociacion para el Fomento al Desarrollo de Nicaragua

Indicators
Currency
Years
  • Total assets
  • Gross loan portfolio
  • Total equity

Institutional Characteristics

2004 2005 2006 2007 2008
As of date 2004-12-31 2005-12-31 2006-12-31 2007-12-31 2008-12-31
Currency USD USD USD USD USD
Total assets 1,865,089 5,620,481 7,526,836 8,510,556 8,766,661
Offices — — 2 4 6
Personnel 32 37 39 45 62

Financing Structure

2004 2005 2006 2007 2008
As of date 2004-12-31 2005-12-31 2006-12-31 2007-12-31 2008-12-31
Capital/asset ratio 10.33% 16.19% 13.83% 14.27% 23.32%
Debt to equity ratio — — 6.23 6.01 3.29
Deposits to loans — — 0.00% 0.00% 0.00%
Deposits to total assets — — 0.00% 0.00% 0.00%
Gross loan portfolio to total assets 76.33% 32.62% 37.83% 61.19% 93.40%

Outreach

2004 2005 2006 2007 2008
As of date 2004-12-31 2005-12-31 2006-12-31 2007-12-31 2008-12-31
Currency USD USD USD USD USD
+ Number of active borrowers 4,820 4,056 3,924 4,196 4,733
— — — — — 2,091
— 3,036 2,557 2,472 2,458 2,642
— — — — — 4,733
— — — — — 3,455
— — — — — 2,196
— — — — — 0
— — — — — 1,259
— — — — — 0
— — — — — 1,278
— — — — — 4,682
— — — — — 51
— — — — — 4,733
— — — — — 3,136
— — — — — 1,597
Percent of women borrowers 62.99% 63.04% 63.00% 58.58% 55.82%
+ Number of outstanding loans — — 3,924 4,196 4,733
— — — — — 3,136
— — — — — 1,597
— — — — — 2,091
— — — — — 2,642
— — — 3,924 3,125 3,662
— — — — — —
— — — 0 274 268
— — — — — —
— — — 0 265 0
— — — — — —
— — — 0 296 774
— — — 0 236 0
— — — 0 0 29
— — — — — 4,733
— — — — — 3,455
— — — — — 2,196
— — — — — 0
— — — — — 1,259
— — — — — 0
— — — — — 1,278
— — — — — 4,733
— — — — — 4,682
— — — — — 51
+ Gross loan portfolio 1,423,622 1,833,351 2,847,282 5,207,917 8,187,760
— — — — — 6,557,090
— — — — — 1,630,670
— — — — — 4,233,779
— — — — — 3,953,981
— — — 2,663,353 4,976,515 7,834,327
— — — 183,929 231,402 —
— — — 75,145 50,707 42,813
— — — — — —
— — — 43,659 76,397 0
— — — — — —
— — — 21,130 71,546 248,743
— — — 28,847 32,752 0
— — — 15,148 0 61,878
— — — — — 8,187,760
— — — — — 6,429,104
— — — — — 926,842
— — — — — 0
— — — — — 5,502,261
— — — — — 0
— — — — — 1,758,657
— — — — — 8,187,760
— — — — — 8,119,311
— — — — — 68,449
Average loan balance per borrower 295 452 726 1,241 1,730
Average loan balance borrower per borrower / GNI per capita 36.02% 50.79% 78.02% 125.37% 174.74%
Average outstanding balance — — 726 1,241 1,730
Average outstanding balance / GNI per capita — — 78.02% 125.37% 174.74%
Number of depositors 0 0 — 0 0
Number of deposit accounts — — — 0 0
+ Deposits — — 0 0 0
— — — 0 0 —
— — — 0 0 —
— — — 0 0 —
— — — 0 0 —
— — — 0 0 —
Average deposit balance per depositor — — — — —
Average deposit balance per depositor / GNI per capita — — — — —
Average deposit account balance — — — — —
Average deposit account balance / GNI per capita — — — — —

Overall Financial Performance

2004 2005 2006 2007 2008
As of date 2004-12-31 2005-12-31 2006-12-31 2007-12-31 2008-12-31
USD USD USD USD USD
Return on assets — — 1.95% 1.24% 6.36%
Return on equity — — 13.16% 8.81% 33.70%
Operational self sufficiency — — 117.90% 114.87% 159.54%

Revenues

2004 2005 2006 2007 2008
As of date 2004-12-31 2005-12-31 2006-12-31 2007-12-31 2008-12-31
USD USD USD USD USD
Financial revenue/ assets — — 12.86% 9.57% 17.03%
Profit margin — — 15.18% 12.94% 37.32%
Yield on gross portfolio (nominal) — — 35.06% 16.54% 14.86%
Yield on gross portfolio (real) — — 23.75% 4.87% 3.36%

Expenses

2004 2005 2006 2007 2008
As of date 2004-12-31 2005-12-31 2006-12-31 2007-12-31 2008-12-31
USD USD USD USD USD
Total expense/ assets — — 10.91% 8.33% 10.67%
Financial expense/ assets — — 4.24% 0.53% 0.80%
Provision for loan impairment/ assets — — 0.20% 1.45% 2.57%
Operating expense/ assets — — 6.47% 6.35% 7.30%
Personnel expense/ assets — — 4.09% 3.90% 4.26%
Administrative expense/ assets — — 2.38% 2.45% 3.04%

Efficiency

2004 2005 2006 2007 2008
As of date 2004-12-31 2005-12-31 2006-12-31 2007-12-31 2008-12-31
USD USD USD USD USD
Operating expense/ loan portfolio — — 18.17% 12.65% 9.42%
Personnel expense/ loan portfolio — — 11.48% 7.77% 5.50%
Average salary/ GNI per capita — — 7.60 7.52 6.95
Cost per borrower — — 107 125 141
Cost per loan — — — 125 141

Productivity

2004 2005 2006 2007 2008
As of date 2004-12-31 2005-12-31 2006-12-31 2007-12-31 2008-12-31
Borrowers per staff member 151 110 101 93 76
Loans per staff member — — 101 93 76
Borrowers per loan officer — — 245 247 296
Loans per loan officer — — 245 247 296
Depositors per staff member 0 0 — 0 0
Deposit accounts per staff member — — — 0 0
Personnel allocation ratio — — 41.03% 37.78% 25.81%

Risk and Liquidity

2004 2005 2006 2007 2008
As of date 2004-12-31 2005-12-31 2006-12-31 2007-12-31 2008-12-31
USD USD USD USD USD
Portfolio at risk > 30 days — — 6.46% 4.44% 4.32%
Portfolio at risk > 90 days — — 3.82% 3.47% 3.79%
Write-off ratio — — 2.64% 0.75% 0.94%
Loan loss rate — — 1.44% 0.70% 0.80%
Risk coverage — — 101.80% 111.00% 114.88%
Non-earning liquid assets as a % of total assets — — 54.83% 1.74% 4.44%