Mol Bulak Finance | MIX Market

Institutional Characteristics

	2005	2006	2007	2008
As of date	2005-12-31	2006-12-31	2007-12-31	2008-12-31
Currency	USD	USD	USD	USD
Total assets	75,739	297,402	818,748	4,422,159
Offices	—	1	4	14
Personnel	4	7	16	164

Financing Structure

	2005	2006	2007	2008
As of date	2005-12-31	2006-12-31	2007-12-31	2008-12-31
Capital/asset ratio	59.62%	42.80%	43.53%	23.11%
Debt to equity ratio	0.68	1.34	1.58	3.33
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	80.15%	88.77%	72.95%	89.32%

Outreach

		2005	2006	2007	2008
As of date		2005-12-31	2006-12-31	2007-12-31	2008-12-31
Currency		USD	USD	USD	USD
+ Number of active borrowers		299	969	1,644	7,853
+ Gender
Male	—	—	—	—	913
Female	—	288	886	1,346	6,940
+ Products (credit)
+ Retail loans	—	—	—	—	7,853
+ Household financing	—	—	—	—	1,204
Consumption	—	—	—	—	1,204
Microenterprise	—	—	—	—	6,649
+ Methodology
Individual	—	—	—	—	15
Solidarity group	—	—	—	—	8,126
+ Relationship
External customers	—	—	—	—	7,842
Management and staff	—	—	—	—	11
+ Location
Urban	—	—	—	—	1,592
Rural	—	—	—	—	6,261
Percent of women borrowers		96.32%	91.43%	81.87%	88.37%
+ Number of outstanding loans		—	969	1,644	8,141
+ Methodology
Individual	—	—	—	—	15
Solidarity group	—	—	—	—	7,838
+ Delinquency
Less than one month	—	—	969	0	8,119
+ One month or more	—	—	—	—	—
From one to three months	—	—	0	0	7
+ More than three months	—	—	—	—	—
From three to six months	—	—	0	0	10
+ More than six months	—	—	—	—	—
From six to twelve months	—	—	0	0	3
One year or more	—	—	0	0	2
Renegotiated loans	—	—	0	0	0
+ Products (credit)
+ Retail loans	—	—	—	—	8,141
+ Household financing	—	—	—	—	1,243
Consumption	—	—	—	—	1,243
Microenterprise	—	—	—	—	6,898
+ Relationship
External customers	—	—	—	—	8,130
Management and staff	—	—	—	—	11
+ Location
Urban	—	—	—	—	1,592
Rural	—	—	—	—	6,549
+ Gender
Male	—	—	—	—	931
Female	—	—	—	—	7,210
+ Gross loan portfolio		60,702	263,990	597,237	3,949,789
+ Methodology
Individual	—	—	—	—	94,503
Solidarity group	—	—	—	—	3,855,287
+ Delinquency
Less than one month	—	—	263,990	594,136	3,944,242
+ One month or more	—	0	0	3,101	5,556
From one to three months	—	—	0	0	1,481
+ More than three months	—	—	—	—	—
From three to six months	—	—	0	3,101	1,991
+ More than six months	—	—	—	—	—
From six to twelve months	—	—	0	0	1,563
One year or more	—	—	0	0	512
Renegotiated loans	—	—	0	0	0
+ Products (credit)
+ Retail loans	—	—	—	—	3,949,789
+ Household financing	—	—	—	—	443,661
Consumption	—	—	—	—	443,661
Microenterprise	—	—	—	—	3,506,129
+ Relationship
External customers	—	—	—	—	3,868,305
Management and staff	—	—	—	—	81,484
+ Location
Urban	—	—	—	—	1,062,768
Rural	—	—	—	—	2,887,022
+ Gender
Male	—	—	—	—	476,877
Female	—	—	—	—	3,472,912
Average loan balance per borrower		203	272	363	503
Average loan balance borrower per borrower / GNI per capita		45.11%	54.49%	59.55%	82.45%
Average outstanding balance		—	272	363	485
Average outstanding balance / GNI per capita		—	54.49%	59.55%	79.54%
+ Number of depositors		0	0	0	0
+ Products (deposits)
+ Retail deposits	—	—	—	—	0
Voluntary deposits	—	—	—	—	0
Compulsory deposits	—	—	—	—	0
+ Number of deposit accounts		—	0	0	0
+ Products (deposits)
+ Retail deposits	—	—	—	—	0
Voluntary deposits	—	—	—	—	0
Compulsory deposits	—	—	—	—	0
+ Deposits		—	0	0	0
+ Products (deposits)
+ Retail deposits	—	—	0	0	0
+ Voluntary deposits	—	0	0	0	0
Demand deposits	—	—	0	0	—
Time deposits	—	—	0	0	—
Compulsory deposits	—	—	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
As of date	2005-12-31	2006-12-31	2007-12-31	2008-12-31
	USD	USD	USD	USD
Return on assets	—	16.25%	14.82%	2.59%
Return on equity	—	35.16%	34.19%	9.84%
Operational self sufficiency	224.66%	212.64%	165.69%	107.81%

Revenues

	2005	2006	2007	2008
As of date	2005-12-31	2006-12-31	2007-12-31	2008-12-31
	USD	USD	USD	USD
Financial revenue/ assets	—	32.99%	42.38%	41.25%
Profit margin	55.49%	52.97%	39.65%	7.25%
Yield on gross portfolio (nominal)	—	37.91%	54.93%	51.02%
Yield on gross portfolio (real)	—	30.65%	40.61%	37.07%

Expenses

	2005	2006	2007	2008
As of date	2005-12-31	2006-12-31	2007-12-31	2008-12-31
	USD	USD	USD	USD
Total expense/ assets	—	15.52%	25.58%	38.26%
Financial expense/ assets	—	4.54%	8.80%	9.57%
Provision for loan impairment/ assets	—	2.08%	1.20%	2.44%
Operating expense/ assets	—	8.90%	15.58%	26.25%
Personnel expense/ assets	—	3.11%	5.54%	15.47%
Administrative expense/ assets	—	5.79%	10.03%	10.78%

Efficiency

	2005	2006	2007	2008
As of date	2005-12-31	2006-12-31	2007-12-31	2008-12-31
	USD	USD	USD	USD
Operating expense/ loan portfolio	—	10.22%	20.19%	30.25%
Personnel expense/ loan portfolio	—	3.57%	7.19%	17.83%
Average salary/ GNI per capita	—	2.11	4.41	7.38
Cost per borrower	—	26	67	145
Cost per loan	—	—	67	141

Productivity

	2005	2006	2007	2008
As of date	2005-12-31	2006-12-31	2007-12-31	2008-12-31
Borrowers per staff member	75	138	103	48
Loans per staff member	—	138	103	50
Borrowers per loan officer	—	242	206	117
Loans per loan officer	—	242	206	122
Depositors per staff member	0	0	0	0
Deposit accounts per staff member	—	0	0	0
Personnel allocation ratio	—	57.14%	50.00%	40.85%

Risk and Liquidity

	2005	2006	2007	2008
As of date	2005-12-31	2006-12-31	2007-12-31	2008-12-31
	USD	USD	USD	USD
Portfolio at risk > 30 days	0.00%	0.00%	0.52%	0.14%
Portfolio at risk > 90 days	—	0.00%	0.52%	0.10%
Write-off ratio	—	0.00%	0.00%	0.07%
Loan loss rate	—	0.00%	0.00%	-3.59%
Risk coverage	—	—	417.00%	1,250.62%
Non-earning liquid assets as a % of total assets	—	5.25%	1.86%	2.38%

MIX Market

Mol Bulak Finance5MCC Mol-Bulak

Institutional Characteristics

Financing Structure

Outreach

Overall Financial Performance

Revenues

Expenses

Efficiency

Productivity

Risk and Liquidity