EMN 2008-2009 Overview - Réseau Européen de la Microfinance

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Table of contents
Acknowledgements
07
Executive Summary
09
Introduction
11
Methodology
13
Sector Characteristics
17
3.1 Country Base
17
3.2 Scale
17
3.3 Growth
22
3.4 Actors
24
Institutional Types
Microlending as a Proportion
24
of Activity Portfolio
25
Age
29
Staff
30
Clients
4.1 Bankable
31
and unbankable clients 31
4.2 Businesses Targeted 31
4.3 Client Targeting
31
Gender Balance
33
Immigrants and ethnic minorities 35
Youth
36
4.4 Marketing
39
Products and Services
40
5.1 Loan terms
40
5.2 Interest rates
41
5.3 Loan Fees
42
5.4 Guarantees
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5.5 Loan size
5.6 Loan Decision
43
Making Criteria
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5.7 Lending Methodology
5.8 Business Development
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Services (BDS)
46
5.9 Other Financial Services 46
Information Technology (IT) 48
6.1 Type of IT System Used 48
6.2 Rating
49
6.3 Cost
49
Social Performance
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7.1 Mission
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7.2 Impact
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Operational Performance
8.1 Operational
Self-Sufficiency rate
8.2 Current Recovery Rate
8.3 Portfolio at Risk
8.4 Write-offs
8.5 Refinancing Ratio
8.6 Debt / Equity Ratio
8.7 Portfolio Yield
8.8 Operating Ratio
Funding
9.1 Operational
and Financial Costs
9.2 Loan Capital
Regulation and Networking
10.1 Legal Environment
10.2 Networking
Crisis
11.1 Institutional Impact
11.2 Client Impact
Future
12.1 Growth
12.2 Challenges
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Conclusion
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Country Summaries
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Belgium
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Bulgaria
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France
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Germany
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Hungary
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Italy
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Portugal
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Romania
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Spain
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Sweden
94
The Netherlands
96
United Kingdom
98
Summary of Data
100
Bibliography
104
Appendix Survey Participants 106
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