MIX Microfinance Information eXchange

MIX Market

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SMEP4Small and Micro Enterprise Project

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 7,846,152 8,667,007 9,337,347 12,285,362 13,244,919
Offices — 17 14 26 31
Personnel 88 94 104 128 168

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 29.88% 31.00% 29.94% 27.83% 20.92%
Debt to equity ratio 2.35 2.23 2.34 2.59 3.78
Deposits to loans — 52.34% 53.90% 55.19% 47.87%
Deposits to total assets — 34.48% 37.95% 43.01% 40.78%
Gross loan portfolio to total assets 61.65% 65.88% 70.42% 77.93% 85.19%

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 20,599 21,633 21,542 23,787 36,649
— — — — — 16,879
— 12,359 12,980 13,009 14,279 19,770
— — — — — 0
— — — — — 36,649
— — — — — 7,464
— — — — — 29,185
— — — — — 36,554
— — — — — 95
Percent of women borrowers 60.00% 60.00% 60.39% 60.03% 53.94%
+ Number of outstanding loans — 21,633 21,542 24,805 54,425
— — — — — 70
— — — — — 54,322
— — — — — 11,084
— — — — — 43,341
— — 0 24,090 0 45,568
— — — — — —
— — 0 0 0 2,988
— — — — — —
— — 0 0 0 5,869
— — — — — —
— — 0 0 0 0
— — 0 0 0 0
— — 0 0 0 0
— — — — — 54,425
— — — — — —
— — — — — 57
— — — — — 54,335
— — — — — 54,294
— — — — — 131
— — — — — 25,065
— — — — — 29,360
— — — — — 0
+ Gross loan portfolio 4,837,408 5,709,917 6,575,147 9,574,105 11,283,294
— — — — — 102,449
— — — — — 11,180,845
— — — — — 2,297,915
— — — — — 8,985,379
— — 5,049,385 5,763,627 7,274,054 9,433,373
— 86,186 660,532 811,520 2,300,052 —
— — 370,664 625,902 779,041 668,646
— — — — — —
— — 289,868 185,618 428,850 1,181,275
— — — — — —
— — 0 0 656,767 0
— — 0 0 435,394 0
— — 0 0 0 0
— — — — — 11,283,294
— — — — — —
— — — — — 11,755
— — — — — 11,271,539
— — — — — 11,144,101
— — — — — 139,193
— — — — — 5,196,614
— — — — — 6,086,680
— — — — — 0
Average loan balance per borrower 235 264 305 402 308
Average loan balance borrower per borrower / GNI per capita 51.05% 50.76% 52.62% 62.89% 48.11%
Average outstanding balance — 264 305 386 207
Average outstanding balance / GNI per capita — 50.76% 52.62% 60.31% 32.39%
+ Number of depositors 0 24,815 24,090 30,240 36,649
— — — — — 36,649
— — — — — 36,649
+ Number of deposit accounts — 25,815 24,090 30,240 54,425
— — — — — 54,425
— — — — — 54,425
+ Deposits — 2,988,779 3,543,748 5,283,967 5,401,053
— — 2,988,779 3,543,748 5,283,967 5,401,053
— 0 0 0 0 5,401,053
— — 0 0 0 —
— — 0 0 0 —
— — 2,988,779 3,543,748 5,283,967 5,401,053
Average deposit balance per depositor — 120 147 175 147
Average deposit balance per depositor / GNI per capita — 23.00% 25.00% 27.00% 23.00%
Average deposit account balance — 116 147 175 99
Average deposit account balance / GNI per capita — 0 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 2.69% 2.14% 0.53% 0.68% 0.39%
Return on equity 8.13% 7.04% 1.75% 2.38% 1.61%
Operational self sufficiency 111.56% 111.56% 104.31% 100.64% 102.59%

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 25.93% 20.69% 20.70% 23.01% 25.67%
Profit margin 10.36% 10.36% 4.13% 0.64% 2.52%
Yield on gross portfolio (nominal) — 29.15% 27.55% 28.08% 28.28%
Yield on gross portfolio (real) — 17.08% 11.45% 16.69% 16.87%

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 23.24% 18.54% 19.84% 22.86% 25.02%
Financial expense/ assets 5.13% 4.70% 4.12% 3.28% 3.05%
Provision for loan impairment/ assets 0.75% 0.60% 0.86% 3.14% 1.57%
Operating expense/ assets 17.36% 13.24% 14.86% 16.45% 20.41%
Personnel expense/ assets — 8.37% 8.94% 9.45% 9.96%
Administrative expense/ assets — 4.87% 5.92% 7.00% 10.45%

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 26.11% 20.73% 21.78% 22.02% 24.98%
Personnel expense/ loan portfolio — 13.11% 13.10% 12.65% 12.19%
Average salary/ GNI per capita — 14.61 14.02 13.76 13.42
Cost per borrower 59 52 62 78 86
Cost per loan — — 62 77 66

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 234 230 207 186 218
Loans per staff member — 230 207 194 324
Borrowers per loan officer — — 371 294 311
Loans per loan officer — — 371 306 461
Depositors per staff member 0 264 232 236 218
Deposit accounts per staff member — 275 232 236 324
Personnel allocation ratio — — 55.77% 63.28% 70.24%

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 1.78% 11.57% 12.34% 24.02% 16.40%
Portfolio at risk > 90 days — 5.08% 2.82% 15.89% 10.47%
Write-off ratio 0.04% 0.86% 0.00% 3.39% 3.02%
Loan loss rate 0.04% 0.77% 0.00% 3.39% 3.02%
Risk coverage 112.26% 17.42% 24.60% 12.49% 37.31%
Non-earning liquid assets as a % of total assets — 30.48% 25.31% 18.07% 15.23%