- Total assets
- Gross loan portfolio
- Total equity
Institutional Characteristics
| 2005 | 2006 | 2007 | 2008 | 2009 | ||
|---|---|---|---|---|---|---|
| As of date | 2005-12-31 | 2006-12-31 | 2007-12-31 | 2008-12-31 | 2009-12-31 | |
| Currency | USD | USD | USD | USD | USD | |
| Total assets |
 |
4,258,687 | 8,506,305 | 16,174,505 | 33,329,025 | — |
| Offices |
 |
17 | 26 | 35 | 35 | 34 |
| Personnel |
 |
153 | 195 | 269 | 357 | — |
Financing Structure
| 2005 | 2006 | 2007 | 2008 | 2009 | ||
|---|---|---|---|---|---|---|
| As of date | 2005-12-31 | 2006-12-31 | 2007-12-31 | 2008-12-31 | 2009-12-31 | |
| Capital/asset ratio |
 |
12.74% | 14.26% | 44.21% | 26.37% | — |
| Debt to equity ratio |
 |
6.85 | 6.01 | 1.95 | 2.79 | — |
| Deposits to loans |
 |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Deposits to total assets |
|
0.00% | 0.00% | 0.00% | 0.00% | — |
| Gross loan portfolio to total assets |
 |
87.35% | 93.35% | 91.87% | 91.66% | — |
Outreach
| 2005 | 2006 | 2007 | 2008 | 2009 | ||
|---|---|---|---|---|---|---|
| As of date | 2005-12-31 | 2006-12-31 | 2007-12-31 | 2008-12-31 | 2009-12-31 | |
| Currency | USD | USD | USD | USD | USD | |
| + Number of active borrowers |
 |
10,173 | 14,182 | 19,696 | 26,661 | 26,602 |
| — | — | — | — | 26,661 | — | |
| — | — | — | — | 26,520 | — | |
| — | — | — | — | 141 | — | |
| — | — | — | — | 15,156 | — | |
| — | 6,155 | 7,340 | 9,125 | 11,505 | 10,538 | |
| — | — | — | — | 8,513 | — | |
| — | — | — | — | 18,148 | — | |
| Percent of women borrowers |
 |
60.50% | 51.76% | 46.33% | 43.15% | 39.61% |
| + Number of outstanding loans |
 |
10,237 | 14,305 | 19,696 | 27,942 | — |
| — | — | — | — | 10,009 | — | |
| — | — | — | — | 17,933 | — | |
| — | 10,196 | 14,241 | 0 | 27,674 | — | |
| — | — | — | — | — | — | |
| — | 0 | 28 | 0 | 116 | — | |
| — | — | — | — | — | — | |
| — | 7 | 30 | 0 | 69 | — | |
| — | — | — | — | — | — | |
| — | 11 | 5 | 0 | 52 | — | |
| — | 2 | 0 | 40 | 16 | — | |
| — | 21 | 1 | 0 | 15 | — | |
| — | — | — | — | 27,942 | — | |
| — | — | — | — | 4,639 | — | |
| — | — | — | — | 4,604 | — | |
| — | — | — | — | 35 | — | |
| — | — | — | — | 23,303 | — | |
| — | — | — | — | 27,801 | — | |
| — | — | — | — | 141 | — | |
| — | — | — | — | 8,898 | — | |
| — | — | — | — | 19,044 | — | |
| — | — | — | — | 12,180 | — | |
| — | — | — | — | 15,762 | — | |
| + Gross loan portfolio |
 |
3,719,936 | 7,940,607 | 14,860,228 | 30,548,721 | 28,980,142 |
| — | — | — | — | 21,440,623 | — | |
| — | — | — | — | 9,108,098 | — | |
| — | 3,699,578 | 7,925,474 | 14,797,914 | 30,424,680 | — | |
| — | 20,358 | 15,133 | 62,314 | 111,667 | — | |
| — | 0 | 8,318 | 13,122 | 51,107 | — | |
| — | — | — | — | — | — | |
| — | 2,072 | 3,139 | 9,615 | 31,725 | — | |
| — | — | — | — | — | — | |
| — | 7,941 | 3,405 | 25,361 | 21,091 | — | |
| — | 7,563 | 0 | 4,579 | 7,743 | — | |
| — | 2,783 | 271 | 9,636 | 12,374 | — | |
| — | — | — | — | 30,548,721 | — | |
| — | — | — | — | 3,970,862 | — | |
| — | — | — | — | 3,474,746 | — | |
| — | — | — | — | 496,116 | — | |
| — | — | — | — | 26,577,859 | — | |
| — | — | — | — | 29,920,318 | — | |
| — | — | — | — | 628,403 | — | |
| — | — | — | — | 13,178,446 | — | |
| — | — | — | — | 17,370,275 | — | |
| — | — | — | — | 11,111,049 | — | |
| — | — | — | — | 19,437,672 | — | |
| Average loan balance per borrower |
 |
366 | 560 | 754 | 1,146 | 1,089 |
| Average loan balance borrower per borrower / GNI per capita |
 |
110.81% | 143.57% | 164.02% | 249.09% | — |
| Average outstanding balance |
 |
363 | 555 | 754 | 1,093 | — |
| Average outstanding balance / GNI per capita |
 |
110.12% | 142.33% | 164.02% | 237.67% | — |
| + Number of depositors |
|
— | 0 | 0 | 0 | 0 |
| — | — | — | — | 0 | — | |
| — | — | — | — | 0 | — | |
| — | — | — | — | 0 | — | |
| + Number of deposit accounts |
|
— | 0 | 0 | 0 | 0 |
| — | — | — | — | 0 | — | |
| — | — | — | — | 0 | — | |
| — | — | — | — | 0 | — | |
| + Deposits |
 |
0 | 0 | 0 | 0 | 0 |
| — | 0 | 0 | 0 | 0 | — | |
| — | 0 | 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
| 2005 | 2006 | 2007 | 2008 | 2009 | ||
|---|---|---|---|---|---|---|
| As of date | 2005-12-31 | 2006-12-31 | 2007-12-31 | 2008-12-31 | 2009-12-31 | |
| USD | USD | USD | USD | USD | ||
| Return on assets |
 |
8.52% | 11.02% | 8.71% | 11.67% | — |
| Return on equity |
 |
20.70% | 80.16% | 25.69% | 36.24% | — |
| Operational self sufficiency |
 |
136.34% | 156.89% | 153.67% | 175.32% | — |
Revenues
| 2005 | 2006 | 2007 | 2008 | 2009 | ||
|---|---|---|---|---|---|---|
| As of date | 2005-12-31 | 2006-12-31 | 2007-12-31 | 2008-12-31 | 2009-12-31 | |
| USD | USD | USD | USD | USD | ||
| Financial revenue/ assets |
 |
45.41% | 42.85% | 34.88% | 35.58% | — |
| Profit margin |
 |
26.66% | 36.26% | 34.92% | 42.96% | — |
| Yield on gross portfolio (nominal) |
 |
53.52% | 46.87% | 37.54% | 38.96% | — |
| Yield on gross portfolio (real) |
 |
43.11% | 33.55% | 21.54% | 22.79% | — |
Expenses
| 2005 | 2006 | 2007 | 2008 | 2009 | ||
|---|---|---|---|---|---|---|
| As of date | 2005-12-31 | 2006-12-31 | 2007-12-31 | 2008-12-31 | 2009-12-31 | |
| USD | USD | USD | USD | USD | ||
| Total expense/ assets |
 |
33.31% | 27.31% | 22.70% | 20.30% | — |
| Financial expense/ assets |
 |
1.69% | 7.56% | 7.61% | 8.85% | — |
| Provision for loan impairment/ assets |
 |
5.48% | 2.44% | 1.08% | -0.95% | — |
| Operating expense/ assets |
 |
26.14% | 17.30% | 14.01% | 12.39% | — |
| Personnel expense/ assets |
 |
16.15% | 9.92% | 9.09% | 7.56% | — |
| Administrative expense/ assets |
 |
9.99% | 7.38% | 4.91% | 4.83% | — |
Efficiency
| 2005 | 2006 | 2007 | 2008 | 2009 | ||
|---|---|---|---|---|---|---|
| As of date | 2005-12-31 | 2006-12-31 | 2007-12-31 | 2008-12-31 | 2009-12-31 | |
| USD | USD | USD | USD | USD | ||
| Operating expense/ loan portfolio |
 |
30.22% | 18.94% | 15.16% | 13.51% | — |
| Personnel expense/ loan portfolio |
 |
18.67% | 10.86% | 9.84% | 8.24% | — |
| Average salary/ GNI per capita |
 |
11.49 | 9.33 | 10.51 | 13.00 | — |
| Cost per borrower |
 |
103 | 91 | 102 | 132 | — |
| Cost per loan |
 |
103 | 90 | 102 | 129 | — |
Productivity
| 2005 | 2006 | 2007 | 2008 | 2009 | ||
|---|---|---|---|---|---|---|
| As of date | 2005-12-31 | 2006-12-31 | 2007-12-31 | 2008-12-31 | 2009-12-31 | |
| Borrowers per staff member |
 |
66 | 73 | 73 | 75 | — |
| Loans per staff member |
 |
67 | 73 | 73 | 78 | — |
| Borrowers per loan officer |
 |
167 | 161 | 161 | 188 | — |
| Loans per loan officer |
 |
168 | 163 | 161 | 197 | — |
| Depositors per staff member |
|
— | 0 | 0 | 0 | — |
| Deposit accounts per staff member |
|
— | 0 | 0 | 0 | — |
| Personnel allocation ratio |
 |
39.87% | 45.13% | 45.35% | 39.78% | — |
Risk and Liquidity
| 2005 | 2006 | 2007 | 2008 | 2009 | ||
|---|---|---|---|---|---|---|
| As of date | 2005-12-31 | 2006-12-31 | 2007-12-31 | 2008-12-31 | 2009-12-31 | |
| USD | USD | USD | USD | USD | ||
| Portfolio at risk > 30 days |
 |
0.55% | 0.19% | 0.42% | 0.41% | — |
| Portfolio at risk > 90 days |
 |
0.55% | 0.09% | 0.33% | 0.24% | — |
| Write-off ratio |
 |
0.22% | 0.43% | 0.03% | 0.10% | — |
| Loan loss rate |
|
0.22% | 0.43% | 0.03% | 0.10% | — |
| Risk coverage |
 |
620.03% | 1,606.33% | 566.17% | 79.36% | — |
| Non-earning liquid assets as a % of total assets |
 |
8.12% | 4.18% | 4.91% | 6.25% | — |