MBK Ventura | MIX Market

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	325,686	655,006	1,302,688	3,939,048	7,390,228
Offices	—	6	16	32	55
Personnel	11	57	122	258	420

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	9.84%	6.72%	8.18%	24.91%	12.02%
Debt to equity ratio	9.17	13.88	11.22	3.02	7.32
Deposits to loans	—	8.91%	9.48%	8.57%	9.11%
Deposits to total assets	—	5.73%	7.37%	5.84%	6.26%
Gross loan portfolio to total assets	36.68%	64.35%	77.77%	68.12%	68.64%

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		3,274	12,335	27,372	64,548	103,734
+ Gender
Female	—	3,274	12,335	27,372	64,548	103,734
+ Products (credit)
Retail loans	—	—	—	—	—	103,734
Percent of women borrowers		100.00%	100.00%	100.00%	100.00%	100.00%
+ Number of outstanding loans		—	12,335	27,372	65,528	103,734
+ Products (credit)
Retail loans	—	—	—	—	—	103,734
+ Delinquency
Less than one month	—	—	12,335	27,372	65,528	—
+ One month or more	—	—	—	—	—	—
From one to three months	—	—	0	0	0	—
+ More than three months	—	—	—	—	—	—
From three to six months	—	—	0	0	0	—
+ More than six months	—	—	—	—	—	—
From six to twelve months	—	—	0	0	0	—
One year or more	—	—	0	0	0	—
Renegotiated loans	—	—	0	0	0	—
+ Gender
Female	—	—	—	—	—	103,734
+ Gross loan portfolio		119,450	421,504	1,013,058	2,683,372	5,072,931
+ Delinquency
Less than one month	—	—	421,504	—	—	5,072,798
+ One month or more	—	31	0	0	27	132
From one to three months	—	—	0	0	0	0
+ More than three months	—	—	—	—	—	—
From three to six months	—	—	0	0	0	0
+ More than six months	—	—	—	—	—	—
From six to twelve months	—	—	0	0	0	103
One year or more	—	—	0	0	27	30
Renegotiated loans	—	—	0	0	0	0
+ Products (credit)
Retail loans	—	—	—	—	—	5,072,931
Average loan balance per borrower		36	34	37	42	49
Average loan balance borrower per borrower / GNI per capita		3.29%	2.73%	2.61%	2.52%	2.96%
Average outstanding balance		—	34	37	41	49
Average outstanding balance / GNI per capita		—	2.73%	2.61%	2.48%	2.96%
+ Number of depositors		0	—	27,372	64,548	103,734
+ Products (deposits)
+ Retail deposits	—	—	—	—	—	103,734
Compulsory deposits	—	—	—	—	—	103,734
+ Number of deposit accounts		—	—	27,372	64,548	103,734
+ Products (deposits)
+ Retail deposits	—	—	—	—	—	103,734
Compulsory deposits	—	—	—	—	—	103,734
+ Deposits		—	37,557	96,018	229,984	462,352
+ Products (deposits)
+ Retail deposits	—	—	37,557	96,018	229,984	462,352
+ Voluntary deposits	—	0	0	0	0	0
Demand deposits	—	—	0	0	0	—
Time deposits	—	—	0	0	0	—
Compulsory deposits	—	—	37,557	96,018	229,984	462,352
Average deposit balance per depositor		—	—	4	4	4
Average deposit balance per depositor / GNI per capita		—	—	0.00%	0.00%	0.00%
Average deposit account balance		—	—	4	4	4
Average deposit account balance / GNI per capita		—	—	0	0	0

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	9.82%	2.59%	5.87%	-2.62%	1.16%
Return on equity	112.82%	33.36%	76.24%	-12.62%	7.02%
Operational self sufficiency	203.67%	112.87%	123.08%	92.36%	104.60%

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	24.36%	27.75%	41.92%	30.17%	32.76%
Profit margin	50.90%	11.40%	18.75%	-8.27%	4.39%
Yield on gross portfolio (nominal)	—	49.55%	55.99%	42.79%	48.74%
Yield on gross portfolio (real)	—	35.40%	37.91%	34.30%	39.90%

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	11.96%	24.59%	34.06%	32.67%	31.32%
Financial expense/ assets	0.00%	0.17%	3.51%	6.90%	10.28%
Provision for loan impairment/ assets	0.20%	4.57%	2.65%	0.74%	0.79%
Operating expense/ assets	11.76%	19.85%	27.90%	25.02%	20.25%
Personnel expense/ assets	—	8.75%	14.42%	14.56%	13.93%
Administrative expense/ assets	—	11.10%	13.49%	10.47%	6.32%

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	28.51%	35.99%	38.08%	35.48%	29.57%
Personnel expense/ loan portfolio	—	15.87%	19.67%	20.64%	20.35%
Average salary/ GNI per capita	—	1.01	1.11	1.22	1.41
Cost per borrower	10	12	14	14	14
Cost per loan	—	—	14	14	14

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	298	216	224	250	247
Loans per staff member	—	216	224	254	247
Borrowers per loan officer	—	280	294	343	330
Loans per loan officer	—	280	294	349	330
Depositors per staff member	0	—	224	250	247
Deposit accounts per staff member	—	—	224	250	247
Personnel allocation ratio	—	77.19%	76.23%	72.87%	74.76%

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	0.03%	0.00%	0.00%	0.00%	0.00%
Portfolio at risk > 90 days	—	0.00%	0.00%	0.00%	0.00%
Write-off ratio	0.13%	0.29%	0.00%	0.00%	0.00%
Loan loss rate	0.13%	0.29%	0.00%	0.00%	0.00%
Risk coverage	2,529.19%	—	—	101,182.77%	38,341.24%
Non-earning liquid assets as a % of total assets	—	29.77%	17.76%	23.02%	21.13%

MIX Market

MBK Ventura5PT Mitra Bisnis Keluarga Ventura (formerly Ganesha)

Institutional Characteristics

Financing Structure

Outreach

Overall Financial Performance

Revenues

Expenses

Efficiency

Productivity

Risk and Liquidity