MCR - ECUADOR (2017)

Published: Nov. 9, 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.

MCR - COLOMBIA (2017)

Published: Sept. 28, 2017

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.

Special Report - September 2017

Published: Sept. 22, 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

Published: July 6, 2017

RISK MANAGEMENT SYSTEMS - REQUIREMENTS FOR COLOMBIAN SOLIDARITY ENTITIES

Only available in Spanish

Special Report - May 2017

Published: May 2, 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

Published: April 6, 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

Published: Jan. 24, 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.

Special Report - August 2016

Published: Aug. 31, 2016

Only available in Spanish.

Newsletter - June 2016

Published: June 1, 2016

Only available in Spanish.

Newsletter - May 2016

Published: May 1, 2016

Only available in Spanish and Portuguese

Newsletter - March 2016

Published: March 1, 2016

Only available in Spanish and Portuguese

Newsletter - October 2015

Published: Oct. 1, 2015

Only available in Spanish and Portuguese

Newsletter - August 2015

Published: Aug. 1, 2015

Only available in Spanish and Portuguese

Newsletter - June 2015

Published: June 1, 2015

Only available in Spanish and Portuguese

Newsletter - March 2015

Published: March 1, 2015

Only available in Spanish and Portuguese

Newsletter - October 2014

Published: Oct. 1, 2014

Only available in Spanish and Portuguese

Newsletter - September 2014

Published: Sept. 1, 2014

Only available in Spanish and Portuguese

Newsletter - May 2014

Published: May 1, 2014

Only available in Spanish.

Technical Guide of Indicators

Published: May 16, 2014

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.

Newsletter - February 2014

Published: Feb. 1, 2014

Only available in Spanish.

Newsletter - January 2014

Published: Jan. 1, 2014

Only available in Spanish.

The State of Microfinance Investment 2013

Published: Nov. 4, 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.

Newsletter - July 2013

Published: July 1, 2013

Only available in Spanish.

Newsletter - June 2013

Published: June 1, 2013

Only available in Spanish and Portuguese

Microfinance Institution TIER Definitions

Published: April 10, 2013

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).

Newsletter - March 2013

Published: March 1, 2013

Only available in Spanish and Portuguese

Newsletter - January 2013

Published: Jan. 1, 2013

Only available in Spanish and Portuguese

The State of Microfinance Investment 2012

Published: Oct. 16, 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

Published: Oct. 4, 2012

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

Published: Oct. 18, 2012

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

Published: March 1, 2012

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

Published: Aug. 1, 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

Published: Feb. 10, 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. 

Threats and Opportunities during Crisis - Mexico

Published: Nov. 7, 2009

Available only in spanish.

Cautious Resilience

Published: March 1, 2009

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

Published: Feb. 21, 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

Published: Aug. 17, 2008

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

Published: Feb. 14, 2007

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

Published: Nov. 21, 2006

Only available in Spanish.

Microfinance Investment Vehicles 2006

Published: Nov. 6, 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.