MIX Microfinance Information eXchange

MIX Market

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U-IMCEC4Union des Institutions Mutualiste Communautaire d'Epargne et de Credit DAKAR

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 2,803,512 4,132,075 6,593,697 8,884,913 9,080,345
Offices — — 28 32 28
Personnel 40 50 52 56 73

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 30.07% 28.46% 24.40% 25.45% 24.45%
Debt to equity ratio 2.33 2.51 3.10 2.93 3.09
Deposits to loans — — 64.47% 66.13% 63.32%
Deposits to total assets — — 46.68% 48.77% 50.50%
Gross loan portfolio to total assets 64.66% 67.57% 72.42% 73.74% 79.76%

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 3,817 17,567 19,636 20,572 11,050
— — — — — 9,893
— — — — — 1,157
— — — — — 5,897
— 2,671 13,205 14,209 11,109 3,996
— — — — — 1,157
— — — — — 7,183
— — — — — 3,868
— — — — — 42
— — — — — 11,050
— — — — — 4,420
— — — — — 553
— — — — — 442
— — — — — 774
— — — — — 2,652
— — — — — 6,630
Percent of women borrowers 69.98% 75.17% 72.36% 54.00% 36.16%
+ Number of outstanding loans — — 19,636 20,572 11,050
— — — — — 7,183
— — — — — 3,868
— — — — — 11,050
— — — — — 42
— — — 0 0 —
— — — — — —
— — — 0 0 —
— — — — — —
— — — 0 0 —
— — — — — —
— — — 0 0 —
— — — 0 0 —
— — — 0 0 —
— — — — — 5,897
— — — — — 3,996
— — — — — 1,157
+ Gross loan portfolio 1,812,675 2,791,855 4,774,927 6,551,929 7,242,307
— — — — — 6,276,153
— — — — — 775,704
— — — 4,045,973 — 6,587,842
— 259,890 246,097 728,954 1,031,464 —
— — — 187,250 364,340 359,796
— — — — — —
— — — 216,953 211,557 165,108
— — — — — —
— — — 117,166 156,686 129,562
— — — 187,468 298,881 0
— — — 20,116 0 0
— — — — — 7,051,857
— — — — — 2,820,743
— — — — — 352,593
— — — — — 282,074
— — — — — 493,630
— — — — — 1,692,446
— — — — — 4,231,114
— — — — — 135,053
— — — — — 4,231,114
— — — — — 2,115,557
— — — — — 705,186
— — — — — 4,231,114
— — — — — 2,820,743
Average loan balance per borrower 475 159 243 318 655
Average loan balance borrower per borrower / GNI per capita 74.20% 21.48% 31.58% 38.37% 78.97%
Average outstanding balance — — 243 318 655
Average outstanding balance / GNI per capita — — 31.58% 38.37% 78.97%
+ Number of depositors 15,587 18,633 22,572 30,297 57,353
— — — — — 24,415
— — — — — 14,713
— — — — — 18,225
— — — — — 57,353
+ Number of deposit accounts — — 22,572 30,297 57,353
— — — — — 24,415
— — — — — 14,713
— — — — — 18,225
— — — — — 57,353
— — — — — 34,651
— — — — — 34,096
— — — — — 555
— — — — — 8,122
+ Deposits — — 3,078,186 4,332,962 4,586,025
— — — — — 2,739,327
— — — — — 1,405,953
— — — — — 440,746
— — — 3,078,186 4,180,247 4,586,025
— 1,251,474 1,503,917 2,200,855 3,097,022 3,220,131
— — — 2,200,855 2,944,307 3,088,535
— — — 0 152,715 131,597
— — — 877,331 1,235,941 1,365,894
Average deposit balance per depositor — — 136 143 80
Average deposit balance per depositor / GNI per capita — — 18.00% 17.00% 10.00%
Average deposit account balance — — 136 143 80
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 -1.66% -2.30% 4.60% -1.27% 2.43%
Return on equity -4.91% -7.91% 17.72% -5.07% 9.73%
Operational self sufficiency 92.94% 90.09% 154.22% 93.10% 111.40%

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 21.88% 20.94% 13.08% 17.11% 17.85%
Profit margin -7.60% -11.00% 35.16% -7.41% 13.59%
Yield on gross portfolio (nominal) — — 16.92% 19.98% 21.81%
Yield on gross portfolio (real) — — 14.50% 13.35% 15.08%

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 23.55% 23.24% 8.48% 18.38% 16.02%
Financial expense/ assets 0.06% 0.14% 0.10% 1.93% 1.52%
Provision for loan impairment/ assets 5.09% 3.34% 0.00% 0.67% -0.51%
Operating expense/ assets 18.39% 19.76% 8.38% 15.77% 15.01%
Personnel expense/ assets — — 3.90% 5.35% 5.70%
Administrative expense/ assets — — 4.48% 10.43% 9.31%

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 29.53% 29.77% 11.88% 21.56% 19.55%
Personnel expense/ loan portfolio — — 5.53% 7.31% 7.43%
Average salary/ GNI per capita — — 5.32 9.24 9.57
Cost per borrower 138 64 24 61 85
Cost per loan — — — 61 85

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 95 351 378 367 151
Loans per staff member — — 378 367 151
Borrowers per loan officer — — 595 502 307
Loans per loan officer — — 595 502 307
Depositors per staff member 390 373 434 541 786
Deposit accounts per staff member — — 434 541 786
Personnel allocation ratio — — 63.46% 73.21% 49.32%

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 14.34% 8.81% 15.27% 15.74% 9.04%
Portfolio at risk > 90 days — — 11.34% 10.18% 4.07%
Write-off ratio 8.54% 6.00% 0.00% -0.55% 3.09%
Loan loss rate 8.54% 6.00% 0.00% -0.55% 3.09%
Risk coverage 54.27% 44.73% 16.81% 21.89% 25.93%
Non-earning liquid assets as a % of total assets — — 8.08% 15.54% 10.51%