MIX Microfinance Information eXchange

MIX Market

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Microinvest5JV MFO Microinvest LLC

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 1,091,732 3,771,267 6,901,889 24,220,075 40,835,069
Offices 9 9 9 12 15
Personnel 31 38 46 56 100

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 67.03% 27.21% 20.78% 28.20% 19.92%
Debt to equity ratio 0.49 2.68 3.81 2.55 4.02
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% 0.00%
Gross loan portfolio to total assets 72.56% 69.34% 57.49% 43.73% 63.19%

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 399 1,287 1,540 2,691 4,388
— — — — — 4,351
— — — — — 37
— 205 597 748 1,106 2,127
— — — — — 4,388
Percent of women borrowers 51.38% 46.39% 48.57% 41.10% 48.47%
+ Number of outstanding loans 399 1,288 1,549 2,697 4,607
— — — — — 4,146
— — — — — 461
— 399 1,269 1,462 0 4,309
— — — — — —
— 0 9 74 0 97
— — — — — —
— 0 6 13 0 179
— — — — — —
— 0 4 0 0 0
— 0 0 0 0 0
— 0 0 0 0 22
— — — — — 4,607
— — — — — 650
— — — — — 636
— — — — — 14
— — — — — 3,957
— — — — — 4,570
— — — — — 37
— — — — — 1,853
— — — — — 2,754
— — — — — 2,478
— — — — — 2,129
+ Gross loan portfolio 792,124 2,615,184 3,968,101 10,590,668 25,802,283
— — — — — 19,464,057
— — — — — 6,338,226
— 792,124 2,581,937 3,906,076 10,325,122 24,905,174
— 0 30,034 62,025 265,546 —
— 0 5,262 44,700 106,482 252,470
— — — — — —
— 0 14,522 17,325 121,387 462,753
— — — — — —
— 0 10,250 0 0 0
— 0 0 0 0 0
— 0 0 0 37,677 181,886
— — — — — 25,802,283
— — — — — 3,094,640
— — — — — 2,798,728
— — — — — 295,912
— — — — — 22,707,643
— — — — — 25,240,131
— — — — — 562,152
— — — — — 10,871,185
— — — — — 14,931,098
— — — — — 14,851,700
— — — — — 10,950,583
Average loan balance per borrower 1,985 2,032 2,577 3,936 5,880
Average loan balance borrower per borrower / GNI per capita 275.73% 216.17% 238.58% 325.26% 485.97%
Average outstanding balance 1,985 2,030 2,562 3,927 5,601
Average outstanding balance / GNI per capita 275.73% 216.00% 237.20% 324.53% 462.87%
+ Number of depositors 0 0 0 0 0
— — — — — 0
— — — — — 0
— — — — — 0
+ Number of deposit accounts 0 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 —
— 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 -32.79% -10.24% -1.30% 0.46% 1.04%
Return on equity -48.92% -28.33% -5.62% 1.75% 4.51%
Operational self sufficiency 49.95% 72.25% 102.31% 101.00% 105.44%

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 22.99% 16.27% 18.94% 17.11% 20.12%
Profit margin -100.21% -38.40% 2.25% 0.99% 5.16%
Yield on gross portfolio (nominal) 28.96% 22.41% 26.73% 31.51% 33.08%
Yield on gross portfolio (real) 14.60% 9.33% 12.37% 17.03% 18.43%

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 46.03% 22.51% 18.51% 16.94% 19.08%
Financial expense/ assets 2.25% 3.48% 8.54% 11.22% 10.75%
Provision for loan impairment/ assets 2.30% 0.83% 0.50% 1.02% 2.51%
Operating expense/ assets 41.48% 18.21% 9.47% 4.70% 5.82%
Personnel expense/ assets 23.98% 8.25% 4.87% 2.23% 2.87%
Administrative expense/ assets 17.50% 9.96% 4.60% 2.47% 2.95%

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 56.21% 25.99% 15.35% 10.04% 10.40%
Personnel expense/ loan portfolio 32.50% 11.78% 7.90% 4.76% 5.12%
Average salary/ GNI per capita 11.33 6.19 5.73 5.62 9.88
Cost per borrower 890 525 358 346 535
Cost per loan — 525 356 344 518

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 13 34 33 48 44
Loans per staff member 13 34 34 48 46
Borrowers per loan officer 21 59 64 112 90
Loans per loan officer 21 59 65 112 94
Depositors per staff member 0 0 0 0 0
Deposit accounts per staff member 0 0 0 0 0
Personnel allocation ratio 61.29% 57.89% 52.17% 42.86% 49.00%

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 0.00% 1.15% 1.56% 2.51% 3.48%
Portfolio at risk > 90 days 0.00% 0.95% 0.44% 1.50% 2.50%
Write-off ratio 0.00% 0.25% 0.58% 0.65% 1.04%
Loan loss rate 0.00% 0.15% 0.54% 0.65% 0.89%
Risk coverage — 126.89% 76.22% 64.90% 93.45%
Non-earning liquid assets as a % of total assets 19.83% 7.32% 35.32% 52.69% 34.64%