MIX Microfinance Information eXchange

MIX Market

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Mikrofond5

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 4,220,833 3,800,606 3,502,703 5,286,466 5,865,000
Offices 17 12 18 12 9
Personnel 41 39 35 31 30

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 13.80% 12.63% 19.50% 29.84% 30.35%
Debt to equity ratio 6.24 6.92 4.13 2.35 2.29
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 82.38% 98.82% 89.93% 71.91% 84.51%

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 1,175 1,247 956 1,137 1,302
— — — — — 1,302
— — — — — 1,302
— — — — — 1,302
— — — — — 798
— 600 440 311 396 504
— — — — — 728
— — — — — 574
Percent of women borrowers 51.06% 35.28% 32.53% 34.83% 38.71%
+ Number of outstanding loans 1,175 1,494 956 1,212 1,334
— — — — — 1,334
— — — — — 747
— — — — — 587
— 1,175 1,309 941 0 1,161
— — — — — —
— 0 76 0 0 42
— — — — — —
— 0 59 0 0 32
— — — — — —
— 0 43 0 0 28
— 0 7 15 22 66
— 0 0 0 0 5
— — — — — 1,334
— — — — — 49
— — — — — 49
— — — — — 1,285
— — — — — 1,334
— — — — — 825
— — — — — 509
+ Gross loan portfolio 3,477,083 3,755,758 3,150,000 3,801,504 4,956,429
— — — — — 4,956,429
— — — — — 3,268,571
— — — — — 1,687,857
— 3,313,194 3,419,394 2,883,784 3,694,737 4,812,857
— 163,889 336,364 266,216 106,767 130,714
— 163,889 125,455 130,405 64,662 82,857
— — — — — —
— 0 112,121 37,838 13,534 30,000
— — — — — —
— 0 81,212 17,568 4,511 5,714
— 0 17,576 32,432 12,030 12,143
— 0 0 47,973 12,030 12,857
— — — — — 4,956,429
— — — — — 79,286
— — — — — 79,286
— — — — — 4,877,143
— — — — — 4,956,429
— — — — — 3,607,143
— — — — — 1,349,286
Average loan balance per borrower 2,959 3,012 3,295 3,343 3,807
Average loan balance borrower per borrower / GNI per capita 103.11% 86.30% 84.27% 73.00% 83.12%
Average outstanding balance 2,959 2,514 3,295 3,137 3,715
Average outstanding balance / GNI per capita 103.11% 72.03% 84.27% 68.48% 81.12%
+ 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 -6.53% -13.91% 1.16% -0.76% 0.33%
Return on equity -47.71% -105.01% 7.27% -2.97% 1.11%
Operational self sufficiency 67.90% 53.16% 109.34% 97.66% 105.22%

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 13.81% 18.02% 29.19% 21.93% 19.96%
Profit margin -47.27% -88.11% 8.54% -2.39% 4.96%
Yield on gross portfolio (nominal) 14.43% 19.59% 25.16% 23.04% 22.70%
Yield on gross portfolio (real) 7.60% 13.85% 16.68% 13.50% 13.19%

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 20.33% 33.91% 26.70% 22.45% 18.97%
Financial expense/ assets 3.48% 10.70% 8.46% 7.62% 7.00%
Provision for loan impairment/ assets 2.35% 6.30% 1.30% -2.77% -1.02%
Operating expense/ assets 14.50% 16.90% 16.94% 17.60% 12.98%
Personnel expense/ assets 6.58% 7.18% 7.09% 8.77% 10.05%
Administrative expense/ assets 7.92% 9.72% 9.85% 8.83% 2.93%

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 17.40% 18.74% 17.92% 22.25% 16.53%
Personnel expense/ loan portfolio 7.90% 7.96% 7.50% 11.09% 12.80%
Average salary/ GNI per capita 2.32 2.06 1.79 2.55 4.01
Cost per borrower 709 560 562 739 594
Cost per loan — 508 505 713 569

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 29 32 27 37 43
Loans per staff member 29 38 27 39 44
Borrowers per loan officer 49 40 50 60 72
Loans per loan officer 49 48 50 64 74
Depositors per staff member 0 0 0 0 0
Deposit accounts per staff member 0 0 0 0 0
Personnel allocation ratio 58.54% 79.49% 54.29% 61.29% 60.00%

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 4.71% 8.96% 8.45% 2.81% 2.90%
Portfolio at risk > 90 days 0.00% 5.62% 4.31% 1.11% 1.22%
Write-off ratio 0.00% 0.00% 8.71% 0.10% 0.02%
Loan loss rate 0.00% 0.00% 6.50% -3.46% -2.18%
Risk coverage 71.19% 101.80% 73.35% 202.11% 169.65%
Non-earning liquid assets as a % of total assets 15.78% 5.17% 9.93% 15.19% 7.72%