Downloading - Microfinance Information Exchange

CONTENTS
From the Editor....................................................................................................................................1
FEATURE ARTICLES
Use Caution When Analyzing Adjusted MFI Performance Data:
Adjustment Methodologies May Have Different Impacts ......................................................................3
Fabio Malanchini and Alice Nègre
CASE STUDIES
Enabling Growth: An Analysis of Compartamos’ Expansion ................................................................9
Jared Miller
PADME: An Analysis of Ten Years of Performance...........................................................................13
Margot Brandenburg
A Review of the Bosnian Microfinance Sector: The Move to Financial Self-Sufficiency......................17
Mark Berryman and Justyna Pytkowska
BULLETIN HIGHLIGHTS
Sustainability in Sight: An Analysis of MFIs that Become Sustainable ...............................................23
Blaine Stephens
BULLETIN TABLES
Introduction to the Peer Groups and Tables ......................................................................................31
Index of Tables..................................................................................................................................33
Bulletin Tables...................................................................................................................................34
Institutional Characteristics ....................................................................................................................34
Financing Structure................................................................................................................................36
Outreach Indicators................................................................................................................................38
Macroeconomic Indicators .....................................................................................................................43
Overall Financial Performance...............................................................................................................45
Revenues...............................................................................................................................................46
Expenses ...............................................................................................................................................47
Efficiency................................................................................................................................................49
Productivity ............................................................................................................................................51
Risk and Liquidity...................................................................................................................................53
Index of Terms and Definitions ..........................................................................................................55
Index of Indicators and Definitions.....................................................................................................57
Guide to the Peer Groups..................................................................................................................59
APPENDICES
Appendix I: Notes to Adjustments and Statistical Issues....................................................................67
Appendix II: Participating MFIs ..........................................................................................................71