MIX Microfinance Information eXchange

MIX Market

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XacBank5

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 25,998,446 48,062,409 76,327,530 122,692,900 163,177,452
Offices 37 56 38 68 74
Personnel 506 617 741 801 955

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 15.38% 16.11% 12.22% 9.22% 10.53%
Debt to equity ratio 5.50 5.21 7.18 9.84 8.50
Deposits to loans 80.12% 83.52% 73.46% 78.32% 54.35%
Deposits to total assets 49.67% 52.15% 48.37% 54.39% 39.55%
Gross loan portfolio to total assets 62.00% 62.43% 65.84% 69.45% 72.76%

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 31,962 50,101 56,325 59,793 62,788
— — — — — 50,018
— — — — — 50,018
— — — — — 17,195
— 17,419 26,554 28,443 30,554 32,775
— — — — — 48
Percent of women borrowers 54.50% 53.00% 50.50% 51.10% 52.20%
+ Number of outstanding loans 31,962 50,101 56,325 59,793 65,136
— — — — — 52,320
— — — — — 52,320
— 0 50,101 55,695 59,164 61,873
— — — — — —
— 0 0 185 129 238
— — — — — —
— 0 0 129 96 184
— — — — — —
— 0 0 186 201 264
— 0 0 121 170 208
— 0 0 9 33 21
— — — — — 24,414
— — — — — 27,849
— — — — — 56
+ Gross loan portfolio 16,119,916 30,007,409 50,253,839 85,208,597 118,735,288
— — — — — 53,297,766
— — — — — 53,297,766
— — 29,797,783 49,712,728 — 116,747,364
— 69,705 209,626 526,761 540,298 1,987,925
— 60,633 65,045 100,330 115,846 614,818
— — — — — —
— 4,522 61,076 185,415 58,266 726,588
— — — — — —
— 951 38,325 148,300 154,299 382,924
— 0 40,795 79,979 158,197 190,410
— 3,599 4,384 27,087 53,690 73,185
— — — — — 21,646,920
— — — — — 21,902,611
— — — — — 9,748,235
Average loan balance per borrower 504 599 892 1,425 1,891
Average loan balance borrower per borrower / GNI per capita 73.09% 73.94% 89.22% 110.47% 146.59%
Average outstanding balance 504 599 892 1,425 1,823
Average outstanding balance / GNI per capita 73.09% 73.94% 89.22% 110.47% 141.31%
+ Number of depositors — 65,056 82,868 103,288 233,102
— — — — — 103
— — — — — 30
— — — — — 4
— — — — — 232,965
— — — — — 112,250
— — — — — 35,087
— — — — — 77,163
— — — — — 120,715
+ Number of deposit accounts 39,166 — 82,868 103,288 255,236
— — — — — 140
— — — — — 33
— — — — — 4
— — — — — 255,059
— — — — — 113,615
— — — — — 35,896
— — — — — 77,719
— — — — — 141,444
+ Deposits 12,914,514 25,062,993 36,915,927 66,732,555 64,536,178
— — — — — 7,586,708
— — — — — 6,029,434
— — — — — 12,034
— 3,918,632 8,119,357 — 36,631,268 50,908,003
— 12,914,514 25,062,993 36,915,927 66,732,555 42,554,095
— 3,918,632 8,119,357 — 36,631,268 14,959,486
— 8,995,882 16,943,636 — 30,101,287 27,594,609
— 0 0 — 0 8,353,908
Average deposit balance per depositor — 385 445 646 277
Average deposit balance per depositor / GNI per capita — 48.00% 45.00% 50.00% 21.00%
Average deposit account balance 330 — 445 646 253
Average deposit account balance / GNI per capita 0 — 0 1 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 2.74% 2.66% 2.30% 2.43% 1.86%
Return on equity 16.94% 16.76% 16.72% 23.39% 18.69%
Operational self sufficiency 120.99% 120.74% 124.94% 118.53% 114.07%

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 25.67% 24.03% 22.89% 17.82% 19.29%
Profit margin 17.35% 17.18% 14.75% 15.63% 12.33%
Yield on gross portfolio (nominal) 37.83% 36.65% 30.26% 24.26% 24.88%
Yield on gross portfolio (real) 27.34% 21.23% 23.94% 13.95% 14.52%

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 21.22% 19.90% 18.32% 15.03% 16.91%
Financial expense/ assets 8.09% 9.70% 8.54% 7.51% 8.89%
Provision for loan impairment/ assets 1.07% -0.29% 0.54% 0.29% 0.64%
Operating expense/ assets 12.06% 10.50% 9.25% 7.23% 7.37%
Personnel expense/ assets 5.83% 4.46% 4.03% 3.28% 3.43%
Administrative expense/ assets 6.24% 6.04% 5.22% 3.96% 3.94%

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 19.65% 16.86% 14.34% 10.63% 10.33%
Personnel expense/ loan portfolio 9.49% 7.16% 6.25% 4.81% 4.81%
Average salary/ GNI per capita 3.82 3.63 3.70 3.28 4.33
Cost per borrower 100 95 108 124 172
Cost per loan 100 95 108 124 169

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 63 81 76 75 66
Loans per staff member 63 81 76 75 68
Borrowers per loan officer 239 286 260 286 242
Loans per loan officer 239 286 260 286 251
Depositors per staff member — 105 112 129 244
Deposit accounts per staff member 77 — 112 129 267
Personnel allocation ratio 26.48% 28.36% 29.28% 26.09% 27.12%

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 0.43% 0.70% 1.08% 0.63% 1.67%
Portfolio at risk > 90 days 0.06% 0.48% 0.88% 0.50% 1.16%
Write-off ratio 1.10% 0.04% 0.07% 0.11% 0.07%
Loan loss rate 1.08% 0.04% 0.07% 0.11% 0.07%
Risk coverage 317.00% 49.38% 77.12% 109.76% 66.64%
Non-earning liquid assets as a % of total assets 24.10% 22.47% 21.14% 21.70% 15.28%