Desempeño de las COOPAC Peruanas de nivel 2
En este Country Note compartimos un resumen de los resultados del sector COOPAC, anotando aspectos relevantes observados en el desempeño de las Coopac peruanas de nivel 2 a Julio 2022.
Ver aquí (versión corta)
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Desempeño de las microfinancieras Colombianas
En este Country Note compartimos un resumen de los aspectos relevantes observados en el desempeño de las microfinancieras colombianas con corte a Junio 2022.
Ver aquí (versión corta)
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Social and environmental management
In recent years, there has been a growing trend in financial institutions to adopt policies and processes comprising a social and environmental component, aimed at ensuring the well-being and growth of their employees and customers, as well as that of the community and the environment.
In addition to contributing to the sustainable development of its country, an MFI generates an improvement in both reputation and confidence on the part of its stakeholders (customers, employees, investment funds, and suppliers, among others).
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COOPAC nivel 3 Perú a Junio 2022
En esta nota compartimos un resumen de los resultados del sector COOPAC del Perú, anotando aspectos relevantes observados en su desempeño financiero con corte a Juinio del 2022.
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Country Note Nicaragua a Jun-2022
En este Country Note compartimos un resumen de los resultados del sector supervisado local, anotando aspectos relevantes observados en el desempeño de las microfinancieras nicaragüenses durante el 2022.
Ver Aquí (versión corta)
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Country Note Honduras a Jun-2022
En este Country Note compartimos un resumen de los resultados del sector supervisado local, anotando aspectos relevantes observados en el desempeño de las microfinancieras hondureñas durante el 2022.
Ver Aquí (versión corta)
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Country Note Perú a Jun-2022
En este Country Note compartimos un resumen de los resultados del sector supervisado local, anotando aspectos relevantes observados en el desempeño de las microfinancieras peruanas durante el 2022.
Ver Aquí (versión corta)
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Desempeño de las Cajas Municipales a Junio 2022
En este Country Note compartimos un resumen de los resultados del sector CMAC, anotando aspectos relevantes observados en su desempeño con corte a Junio 2022.
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Country Note México (SOFIPO) a Mar-2022
En este Country Note compartimos un resumen de los resultados del sector supervisado local, anotando aspectos relevantes observados en el desempeño de las microfinancieras mexicanas durante el 2022.
Ver Aquí (versión corta)
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Africa Microfinance Trend in the Past 3 Years
In this article, we share some insights on what MicroRate has observed in the performance of the African microfinance sector over the past three years.Read here
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Country Note República Dominicana a Jun-2022
En este Country Note compartimos un resumen de los resultados del sector supervisado local, anotando aspectos relevantes observados en el desempeño de las microfinancieras dominicanas durante el 2022.
Ver Aquí (versión corta)
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Dominican Microfinance Landscape
En este artículo compartimos las principales observaciones en el desempeño del sector microfinanciero dominicano vs el promedio de Latinoamérica. Ver aquí
Para recibir la versión completa gratuita, Regístrese Aquí
Desempeño de las Cajas Municipales a Mayo 2022
En este Country Note compartimos un resumen de los resultados del sector CMAC, anotando aspectos relevantes observados en su desempeño con corte a Mayo 2022.
Ver Aquí (versión corta)
Para recibir la versión completa gratuita, regístrese en el enlace: https://lnkd.in/ej4QmuzT
Hondurian Microfinance Landscape
En este artículo compartimos las principales observaciones en el desempeño del sector microfinanciero hondureño vs el promedio de Latinoamérica. Ver aquí
Para recibir la versión completa gratuita, Regístrese Aquí
Country Note Ecuador a Jun-2021
En este Country Note compartimos un resumen de los resultados del sector supervisado local, anotando aspectos relevantes observados en el desempeño de las microfinancieras ecuatorianas durante el 2022.
Ver Aquí (versión corta)
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Bolivian microfinance landscape
En este artículo compartimos las principales observaciones en el desempeño del sector microfinanciero boliviano vs el promedio de Latinoamérica. Ver aquí
Para recibir la versión completa gratuita, Regístrese Aquí
COOPAC nivel 3 Perú a Mayo 2022
En esta nota compartimos un resumen de los resultados del sector COOPAC del Perú, anotando aspectos relevantes observados en su desempeño financiero con corte a Mayo del 2022.
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Peruvian microfinance landscape
In this article we share the main observations on the performance of the Peruvian microfinance sector vs. the Latin American average. See here
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Ecuadorian microfinance landscape
En este artículo compartimos las principales observaciones en el desempeño del sector microfinanciero ecuatoriano vs el promedio de Latinoamérica. Ver aquí
Para recibir la versión completa gratuita, Regístrese Aquí
Country Note Colombia a May-2022
En este Country Note compartimos un resumen de los resultados del sector supervisado local, anotando aspectos relevantes observados en el desempeño de las microfinancieras peruanas durante el 2022
Ver Aquí (versión corta)
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Country Note República Dominicana a May-2022
En este Country Note compartimos un resumen de los resultados del sector supervisado local, anotando aspectos relevantes observados en el desempeño de las microfinancieras peruanas durante el 2022
Ver Aquí (versión corta)
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COOPAC nivel 3 Perú a Marzo 2022
En esta nota compartimos un resumen de los resultados del sector COOPAC del Perú, anotando aspectos relevantes observados en su desempeño financiero durante el primer semestre del 2022.
Ver Aquí (versión corta)
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Country Note Honduras a May-2022
En este Country Note compartimos un resumen de los resultados del sector supervisado local, anotando aspectos relevantes observados en el desempeño de las microfinancieras hondureñas durante el 2022
Ver Aquí (versión corta)
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Country Note Perú a May-2022
En este Country Note compartimos un resumen de los resultados del sector supervisado local, anotando aspectos relevantes observados en el desempeño de las microfinancieras peruanas durante el 2022
Ver Aquí (versión corta)
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Country Note Bolivia a May-2022
En este Country Note compartimos un resumen de los resultados del sector supervisado local, anotando aspectos relevantes observados en el desempeño de las microfinancieras bolivianas durante el 2022
Ver Aquí (versión corta)
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Country Note Nicaragua a May-2022
En este Country Note compartimos un resumen de los resultados del sector supervisado local, anotando aspectos relevantes observados en el desempeño de las microfinancieras nicaragüenses durante el 2022
Ver Aquí (versión corta)
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Country Note Ecuador a May-2022
En este Country Note compartimos un resumen de los resultados del sector supervisado local, anotando aspectos relevantes observados en el desempeño de las microfinancieras ecuatorianas durante el 2022.
Ver Aquí (versión corta)
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Financial Situation of MFIs in Tunisia
We share a brief analysis of the findings of our Financial Benchmark (Tunisia) as of December 2021.
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Study on African MFIs' year-end Perspectives
The purpose of this document is to share impressions on the performance of African MFIs and their year-end expectations regarding the development of the sector and their own operations.
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Las SOFIPO mexicanas al cierre del 2021
En este Country Note compartimos un resumen de los resultados del sector supervisado local, anotando aspectos relevantes observados en el desempeño de las SOFIPO mexicanas durante al cierre del 2021.
Ver aquí (versión corta)
Para recibir la versión completa gratuita, regístrese aquí.
El Sector Microfinanciero Colombiano en el 2021
En este Country Note compartimos un resumen de los resultados del sector supervisado local, anotando aspectos relevantes observados en el desempeño de las microfinancieras colombianas durante el 2021.
Ver aquí (versión corta)
Para recibir la versión completa gratuita, regístrese aquí.
El Sector Microfinanciero Nicaragüense en el 2021
En este Country Note compartimos un resumen de los resultados del sector supervisado local, anotando aspectos relevantes observados en el desempeño de las microfinancieras nicaragüenses durante el 2021.
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Desempeño del Sector Microfinanciero Boliviano
En este Country Note compartimos un resumen de los resultados del sector supervisado local, anotando aspectos relevantes observados en el desempeño de las microfinancieras bolivianas durante el 2021.
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Desempeño del Sector Microfinanciero Ecuatoriano
En este Country Note compartimos un resumen de los resultados del sector supervisado local, anotando aspectos relevantes observados en el desempeño de las microfinancieras ecuatorianas durante el 2021.
Ver Aquí (versión corta)
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El Sector Microfinanciero Hondureño en el 2021
En este Country Note compartimos un resumen de los resultados del sector supervisado local, anotando aspectos relevantes observados en el desempeño de las microfinancieras hondureñas durante el 2021.
Ver Aquí (versión corta)
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El Sector Microfinanciero Dominicano en el 2021
En este Country Note compartimos un resumen de los resultados del sector supervisado local, anotando aspectos relevantes observados en el desempeño de las microfinancieras dominicanas durante el 2021.
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Desempeño de las COOPAC peruanas
En esta nota compartimos un resumen de los resultados del sector COOPAC del Perú, anotando aspectos relevantes observados en su desempeño financiero durante el primer semestre del 2021.
Ver Aquí (versión corta)
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Country Note Perú a Dic-2021
En este Country Note compartimos un resumen de los resultados del sector supervisado local, anotando aspectos relevantes observados en el desempeño de las microfinancieras peruanas durante el 2021
Ver Aquí (versión corta)
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Five-Year Trends in Social Performance
In this article we share the main trends in the Social Performance of Microfinance Institutions (MFIs) worldwide.
Financial Situation of MFIs in Benin
We share a brief analysis of the findings of our Financial Benchmark (Benin) as of June 2021.
Podcast: Highlights in the Microfinance Sector
In this podcast, Maria Belén Effio, CEO of MicroRate, gives a summary of the most relevant things MicroRate observed in the microfinance sector during 2021.
Send us your questions and comments to: info@microrate.com
A Reading of Financial Benchmark Results
Crecimiento de las Carteras MYPE en Sudamerica
Presentamos un extracto de las tendencias de las carteras MYPE expuestos en nuestros Benchmark País a Junio 2021.
Situation and Perspectives at the end of 2021
The objective of this document is to share impressions on the evolution of the situation of MFIs by August 2021. It also presents the expectations regarding the development of the sector.
Benchmark Trends of Peruvian Cajas Municipales
In the following article we share some of the trends found in our Financial Performance Benchmark of Peruvian Cajas Municipales as of June 2021.
India's Country Note
This Country Note presents key indicators and top news on India as of 2020. It also shares information about how the country is coping with the current global health crisis caused by COVID-19.
Microfinance and the 2030 Agenda
In this article, MicroRate discusses the contribution of MFI mission fulfillment within the framework of the Sustainable Development Goals.
Available in Spanish, read the article here.
Benchmark COOPACs de Colombia
In this report, some ratios of the Colombia COOPACs Benchmark (November 2020) based on 148 local cooperatives were compared with the ratios of the Latin American COOPACs Benchmark rated by MicroRate.
Only available in Spanish. Read here.
2021 PERSPECTIVES OF THE MICROFINANCE SECTOR
In order to keep the main actors of the Microfinance Sector informed, information was gathered on what is happening inside the MFIs, the internal and external factors that influence their current operations as well as their short and medium term perspectives.
The results were divided into two regional blocks: Latin America and the Caribbean (LAC) and Africa and the rest of the world.
Read the report here.
COUNTRY NOTE PERU
MicroRate Research is pleased to share the Country Note Peru as of December 2020.
Kindly find the report here. (Spanish)
COUNTRY NOTE PANAMA
MicroRate Research is pleased to share the Country Note Panama as of December 2020.
Kindly find the report here. (Spanish)
COUNTRY NOTE MEXICO
MicroRate Research is pleased to share the Country Note Mexico as of December 2020.
Kindly find the report here. (Spanish)
COUNTRY NOTE ECUADOR
MicroRate Research is pleased to share the Country Note Ecuador as of December 2020.
Kindly find the report here. (Spanish)
None
In this report we share the main findings and most notable changes in the Social Performance of MFIs as of December 2020 compared to the year prior to the pandemic, as part of the content of our Social Performance Benchmark now available.
Only available in Spanish: Link
None
BEST PRACTICES IN CREDIT RISK MANAGEMENT IN TIMES OF CRISIS
MicroRate highlights some good practices identified in the MFIs it has rated in the midst of this scenario, which focus on containing credit risk and taking care of their financial sustainability.
Read the English version here.
COUNTRY NOTE NIGERIA AS OF DECEMBER 2020
MicroRate Research is pleased to share the Country Note Nigeria as of December 2020.
Kindly find the report here.
If you would like to acquire the Full Country Report, please write us at:
📩 info@microrate.com
📲 +221 78 290 14 68
📲 +51 989 614 665
CLIENT PROTECTION PRINCIPLES IN A CHALLENGING TIME
This article by Roxana Rivera (Senior Analyst) addresses some challenges faced by financial institutions in their management of protecting their microfinance clients in the current context.
Only available in Spanish. (Link)
None
In this report we present the results of the survey conducted with the executives of the Microfinance Institutions (MFIs) based in Africa to know their expectations for the year 2021, in light of what happened in 2020 and the impact of Covid-19 on their activities.
Read the report here.
OPERATIONAL RISKS IN DIGITAL TRANSFORMATION
This article is only available in Spanish. (Link)
BENCHMARK COOPACS AS OF JUNE 2020
This report is only available in Spanish. (Link)
BENCHMARK MICRORATE: MICROFINANCE IN THE NEW NORMAL
This report is only available in Spanish. (Link)
SOCIAL PERFORMANCE IN TIMES OF CRISIS
This article is only available in Spanish. (Link)
SURVEY RESULTS: MFIs IN THE NEW NORMAL
This report is only available in Spanish. (Link)
COUNTRY NOTE EL SALVADOR (2020)
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish. (Link)
COUNTRY NOTE GUATEMALA (2020)
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish. (Link)
COUNTRY NOTE MEXICO (2020)
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish. (Link)
COUNTRY NOTE ECUADOR (2020)
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish. (Link)
COUNTRY NOTE COLOMBIA (2020)
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish. (Link)
COUNTRY NOTE HONDURAS (2020)
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish. (Link)
COUNTRY NOTE REPÚBLICA DOMINICANA (2020)
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish. (Link)
COUNTRY NOTE PANAMA (2020)
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish. (Link)
COUNTRY NOTE ARGENTINA (2020)
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish. (Link)
COUNTRY NOTE NICARAGUA (2020)
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish. (Link)
COUNTRY NOTE BOLIVIA (2020)
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish. (Link)
COUNTRY NOTE COSTA RICA (2020)
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish. (Link)
Country Note Peru (2020)
MICROFINANCE COUNTRY REPORT: PERU
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish.
Country Note - REPUBLICA DOMINICANA (2019)
MICROFINANCE COUNTRY REPORT: REPUBLICA DOMINICANA
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish.
Country Note - PERU (2019)
MICROFINANCE COUNTRY REPORT: PERU
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish.
Country Note - PARAGUAY (2019)
MICROFINANCE COUNTRY REPORT: PARAGUAY
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish.
Country Note - PANAMA (2019)
MICROFINANCE COUNTRY REPORT: PANAMA
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish.
Country Note - NICARAGUA (2019)
MICROFINANCE COUNTRY REPORT: NICARAGUA
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish
Country Note - HONDURAS (2019)
MICROFINANCE COUNTRY REPORT: HONDURAS
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish
Country Note - GUATEMALA (2019)
MICROFINANCE COUNTRY REPORT: GUATEMALA
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish.
Country Note - EL SALVADOR (2019)
MICROFINANCE COUNTRY REPORT: EL SALVADOR
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish.
Country Note - ECUADOR (2019)
MICROFINANCE COUNTRY REPORT: ECUADOR
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish.
Country Note - COSTA RICA (2019)
MICROFINANCE COUNTRY REPORT: COSTA RICA
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish.
Country Note - COLOMBIA (2019)
MICROFINANCE COUNTRY REPORT: COLOMBIA
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish.
Country Note - BRASIL (2019)
MICROFINANCE COUNTRY REPORT: BRASIL
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish.
Country Note - BOLIVIA (2019)
MICROFINANCE COUNTRY REPORT: BOLIVIA
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish.
Country Note - ARGENTINA (2019)
MICROFINANCE COUNTRY REPORT: ARGENTINA
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish
Country Note - MEXICO (2019)
MICROFINANCE COUNTRY REPORT: MEXICO
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish.
Country Note - REPUBLICA DOMINICANA (2018)
MICROFINANCE COUNTRY REPORT: REPUBLICA DOMINICANA
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish.
Country Note - PERU (2018)
MICROFINANCE COUNTRY REPORT: PERU
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish.
Country Note - PARAGUAY (2018)
MICROFINANCE COUNTRY REPORT: PARAGUAY
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish.
Country Note - MEXICO (2018)
MICROFINANCE COUNTRY REPORT: MEXICO
Información relevante para la toma de decisiones de stakeholders, y para facilitar el entendimiento del negocio microfinanciero a inversionistas especializados.
Acceda a la publicación haciendo click aquí.
Country Note - HONDURAS (2018)
MICROFINANCE COUNTRY REPORT: HONDURAS
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish.
Country Note - GUATEMALA (2018)
MICROFINANCE COUNTRY REPORT: GUATEMALA
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish.
Country Note - EL SALVADOR (2018)
MICROFINANCE COUNTRY REPORT: EL SALVADOR
Información relevante para la toma de decisiones de stakeholders, y para facilitar el entendimiento del negocio microfinanciero a inversionistas especializados.
Acceda a la publicación haciendo click aquí.
Country Note - ECUADOR (2017)
MICROFINANCE COUNTRY REPORT: ECUADOR
Relevant information for the stakeholder's decision-making, and to facilitate the understanding of local microfinance environment to specialized investors.
Only available in Spanish.
Special Report - September 2017
SHARING BEST PRACTICES IN AFRICA AND ASIA
Excellent strategic planning, clear customer orientation, and ongoing staff training summarize the best practices observed at top Financial Institutions (FIs) evaluated by MicroRate in Africa and Asia.
Special Report - July 2017
RISK MANAGEMENT SYSTEMS - REQUIREMENTS FOR COLOMBIAN SOLIDARITY ENTITIES
Only available in Spanish
Special Report - May 2017
GROUP METHODOLOGY, MAIN RISKS AND THREATS
While the placement of microcredits in a group expresses the essence of microfinance by its attention to the base of the pyramid, it may be the placement mechanism that is most exposed to operational as well as reputational risk.
Special Report - April 2017
PRACTICES INCREASING THE CREDIT RISK
Practices such as an unusually fast growth in a complex context, risky credit operations approval, commercialization of loan credit assets and parallel information systems affect, sooner rather than later, the credit risk. In accordance to Microrate’s experience, an inappropriate management of assets’ quality has a direct impact, not necessarily immediate, on the financial institutions’ (FI) financial health.
Special Report - January 2017
SUSTAINABILITY WITH RESPONSIBILITY – MICROFINANCE SECTOR IN LATIN AMERICA
Social Performance Management (SPM) seems not to be a “fad” for the microfinance sector in Latin America; on the contrary, it is becoming a structured objective and it is even demanded by some countries across the region.
In fact, there is a keen worldwide interest for the social service of the microfinance sector, since it addresses a economically sensitive niche segment.
Technical Guide of Indicators
This document gives the interpretation and calculation of the industry’s 18 most commonly used performance indicators.Four new indicators focus on social performance.
For each indicator, the Guide provides the definition, interprets its meaning, identifies potential pitfalls in its use, and provides regional benchmark values. Additionally, MicroRate added a section for each indicator, “How this relates to the traditional banking sector” to make the guide more useful to investors who are new to microfinance.
The indicators included in this guide are organized into five sections: portfolio quality, efficiency and productivity, financial management, profitability, and social performance. While many other indicators could be considered, the ones included are important indicators that, when taken together, provide a reasonable overview of the performance, risk and financial condition of an MFI as well as insight into its social performance.
Since this Technical Guide was first introduced in 2000, it has been adopted as a training manual and reference tool for the standardization of key indicators. We hope this document serves as a useful resource for investors to evaluate MFI performance.
The State of Microfinance Investment 2013
This marks the 8th consecutive year that MicroRate has conducted its survey of microfinance investment vehicles (MIVs), which play a key role in connecting private and public capital with microfinance institutions (MFIs) around the world. Despite the ups and downs of the microfinance market, these market intermediaries have consistently continued to play this important role and we look forward to providing continued coverage of their activities in the years to come.
This year’s survey includes responses of 92 MIVs, out of a total 102 contacted. Of the estimated $8.5 billion in total global assets under management (AUM) as of year-end 2012, the 92 MIVs represented here account for $8.1 billion, or 95% of global AUM. We would like to thank every survey participant for his or her time and contributions.
Microfinance Institution TIER Definitions
MicroRate proposes a tier system that defines MFI peer groups by institutional maturity to provide a foundation for industry analysis and informed dialogue.
The system is based on a three-tier structure that applies three simple, objective indicators that, together, act as proxies for MFI maturity. The three indicators are sustainability (return on assets, RoA), size (total assets in U.S. dollars) and transparency (level of regulation/reporting).
The State of Microfinance Investment 2012
This marks the 7th consecutive year that MicroRate has conducted its survey of microfinance investment vehicles (MIVs), which play a key role in connecting private and public capital with microfinance institutions (MFIs) around the world. Despite the ups and downs of the microfinance market, these market matchmakers have consistently continued to play this important role and we look forward to providing continued coverage of their activities in the years to come.
This year's survey includes responses of 86 MIVs, out of a total 102 contacted. This report covers over 93% of MIVs’ total assets, $7.0 billion out of an estimated $7.5 billion in total global assets under management.
Public Credit Registries and Credit Bureaus
The objective of this study is to identify the main problems faced by the Latin American microfinance sector in reporting and using credit bureaus as a tool to reduce the risk of over indebtedness. Furthermore, the study seeks to identify best practices that have been implemented in various countries to mitigate or avoid these difficulties.
This study is funded by the Multilateral Investment Fund (MIF), the Development Bank of Latin America (CAF), and Calmeadow, and is executed by MicroRate Inc.
Microfinance Investment: A Primer
In this white paper, MicroRate provides investors with a brief introduction to microfinance and the microfinance investment industry.
This paper contains information on the total asset sizes of microfinance institutions and microfinance funds, the diversity of funds, as well as the important role that these funds play in providing capital to increase financial access globally.
Through this research, MicroRate seeks to educate investors about microfinance investment options, promoting transparency and informed investment decisions.
The Tipping Point: Over-indebtedness and Investment in Microfinance
This study examines whether investment contributed to recent microfinance repayment crises, and whether measures of investment activity might serve as early warning signals for future microfinance crises.
The State of Microfinance Investment 2011
The State of Microfinance Investment 2011, surveys microfinance investment vehicles (MIVs) to highlight the trends and outlook for the industry. Based on interviews with executives of the major microfinance investment funds and a survey of the 100+ active MIVs, this report examines the key factors that affected the microfinance fund market in 2010 and the trends that are likely to drive growth in 2011 and beyond.
The State of Microfinance Investment 2010
MicroRate’s 5th annual Survey of microfinance investment vehicles (MIVs) measures the development of a relatively new category of funds and other intermediaries that mobilize investments in rich countries and channel them to microfinance institutions (MFIs) in the developing world.
Cautious Resilience
The purpose of this study is to gauge the impact of the global financial crisis on the microfinance sector in Latin America and the Caribbean (LAC). The situation is still clearly
evolving. For example, in October 2008, when interviews with microfinance institutions (MFIs) first began, a majority of responses reflected that growth had slowed somewhat, but not dramatically.
State of Microfinance Investment 2009
MicroRate’s State of Microfinance Investment: The 2009 MIV Survey, analyzed information from 68 of the 74 microfinance investment vehicles (MIVs1) identified. The impact of the financial crisis was reflected in a significantly lower growth rate. In 2008, MIV assets grew 31%, from $3.8 billion to $5.04 billion, compared with an average growth of 80% from 2005-2007. Total outstanding microfinance assets grew 29%, from $3.04 to $3.91 million, compared to an average growth of 108% from 2005-2007. The number of new MIVs in 2008 remained constant as did the ratio of microfinance assets to total MIV assets which held at 78%.
The 2007 Microfinance Investment Vehicles Survey
This is the fourth consecutive year MicroRate has conducted the Survey to assess the impact of Microfinance Investment Vehicles (MIVs) as a funding channel for microfinance institutions (MFIs).
The main objective was to identify new MIVs and gather up to date information about the portfolios of new and existing MIVs. Information was collected through a structured E-Survey.
Role Reversal
The rapid growth of foreign private lending to microfinance institutions (MFIs) in the last several years has led to a surprising reversal of roles between government-owned development institutions and private lenders. Development institutions (International Financial Institutions -“IFIs”1 ) are concentrating their loans in the strongest MFIs, leaving private lenders to look for opportunities among smaller, riskier borrowers. Development institutions are “crowding” private lenders out of the best MFIs.
Technical Guide on Performance Indicators to Microfinance Institutions
Only available in Spanish.
Microfinance Investment Vehicles 2006
Funding of microfinance institutions (“MFIs”) by private foreign investors is at last coming into its own. But foreign funds rarely flow directly to MFIs. During the last few years a new type of intermediary has evolved, that mobilizes funds from investors in rich countries and channels them to MFIs in the developing world. Popularly known as “Microfinance Funds”, entities that raise money and channel it to microfinance institutions (MFIs) are only rarely “Funds” in a legal sense. They are therefore collectively referred to as Microfinance Investment Vehicles (MIVs). These microfinance investment vehicles (“MIVs”) are the subject of this review.
