Tracking Microfinance in Haiti and Elsewhere

By Bryan Schaaf on Thursday, September 24, 2009.

IndiaMicrofinance has been successful throughout the world, including in Haiti. Thanks to Mix Market, there is now an application that allows users to track microfinance.  Mix Market has published data on more than 1,500 microfinance institutions (MFIs) in 190 countries.  As Development Seed puts it,"The Mix Market is a Bloomberg for microfinance...it opens this information up to help MFIs, researchers, raters, evaluators, and governmental and regulatory agencies better see the marketplace, and that makes for better international development."

 

Click here to see Haiti's microfinance profile.  In 2008, there were 116,835 borrowers and 49,021,554 in micro-loans.   The average loan was 298 dollars.  Lenders include ACME with 24,038 borrowers, FINCA with 18,397 borrowers, Fonkoze with 21,225 borrowers, MCN with 9,039 borrowers, SFF with 32,979 and SOGESOL with 12,588 borrowers. The website contains contact information for each organization, partnerships, and other pieces of relevant information.  Using the indicators tab, a user can learn more about these organizations including: 

 

-Average deposit balance per depositor

-Average loan balance per borrower

-Borrowers per staff member

-Capital/Asset ratio

-Cost per borrower

-Debt to equity ratio

-Financial expense/assets

-Gross loan portfolio

-Number of depositors

-Operating expenses/assets

-Personnel

-Return on assets

-Total assets

-Total borrowers

-Total equity

-Total women borrowers

-Write off ratio

-Yield on gross portfolio

If you are new to microfinance, take a look at the frequently asked questions and glossary of terms. Note: MIX is a non profit organization incorporated in June 2002, with headquarters in Washington, DC, and regional offices in Peru, Senegal, India and Indonesia. MIX was founded by CGAP (Consultative Group to Assist the Poor), and is sponsored by Citi Foundation, Deutsche Bank Americas Foundation, IFAD, and Bill & Melinda Gates Foundation. Their FY 2008 Annual Report is attached. 

 

Bryan

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Annual Report FY 2008 for Web.pdf0 bytes

IDB’s Multilateral Investment Fund backs emergency liquidity

6/21/2010
Inter-American Development Bank (IDB)
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WASHINGTON, DC – The Inter-American Development Bank's Multilateral Investment Fund (MIF) and a group of foundations will launch an emergency liquidity program for microfinance institutions to ensure the continuity of microcredit in Haiti. Haitian microfinance institutions had approximately 130,000 borrowers at the end of last year, with nearly $62 million in loans outstanding. About one quarter of those clients were affected by the January 12 earthquake, with loans ranging from $180 to $1,400, according to microlenders.
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The MIF will provide up to $2 million to the Haitian Emergency Liquidity Program (HELP), which will also receive contributions from partners including the Clinton Bush Haiti Fund, the Deutsche Bank Americas Foundation, the Calmeadow Foundation and the Calvert Foundation. Organizations contributing to HELP expect the program to leverage additional resources from other funders. HELP will use the resources to buy earthquake-affected loans from microfinance institutions, providing them fresh funds to maintain their lending operations and preserve their capital base. The program will allow microlenders to restructure loans, offering borrowers extended repayment terms. Microfinance institutions will service the restructured loans over the next three years, after which they will repurchase all or a portion of the remaining loans.
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The program will be executed initially by the Emergency Liquidity Facility (ELF), a fund established in 2004 by the MIF and other donors, lenders and investors to provide short-term loans to Latin American and Caribbean microfinance institutions hit by disruptions such as natural disasters or financial crises. ELF is managed by Omtrix, a Costa Rica-based financial advisory firm. Subsequently, the program will be transferred to a special purpose vehicle.
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In addition to its $2 million contribution to HELP, the MIF is making a $250,000 technical cooperation grant to assist Haitian microlenders in, among other issues, improving their risk management, providing financial education to their clients and designing an insurance option to reduce microentrepreneurs' vulnerability to external shocks affecting their businesses. The MIF, a member of the IDB group, promotes equitable economic growth through the private sector in Latin America and the Caribbean. The MIF has been a leading supporter of microfinance in this region, helping develop many of the innovations that have allowed this industry to grow to a $10 billion sector.
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Immediately after the earthquake the MIF, which has been working in Haiti since the 1990s, approved emergency funds to help its local partners restart operations, such as distributing remittances, a lifeline for millions of Haitians. Now focused on reconstruction, it is involved in a range of projects designed to benefit low-income people. For example, in partnership with The Coca Cola Company, the MIF is supporting a project to improve the incomes and productivity of 25,000 Haitian mango growers.
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The Clinton Bush Haiti Fund was established by former U.S. presidents William J. Clinton and George W. Bush to raise funds for emergency relief and long-term, sustainable reconstruction in Haiti. The Deutsche Bank Americas Foundation administers Germany's largest bank's philanthropic activities in the United States, Canada and Latin America. Calmeadow is a Canadian foundation specialized in microfinance. The Calvert Foundation is a U.S. non-profit community investment organization.

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