MIX Annual Report FY 2010 - Microfinance Information Exchange

HighlightsFrom fiscal Year 2010During the 2010 fiscal year, MIX continued to focus on delivering the financial and social performance datanecessary for understanding the operations of microfinance providers and the growth of the industry.EXPANDED DATA COVERAGEMIX expanded its data capabilities which allowed usto provide our users with data of the highest quality.To accomplish this, MIX extended its data collectionto include both interim and yearly data from MFIsthroughout the developing world, covering financial,operational, and social performance information. Theinterim data collected includes some 200 MFIs and isavailable alongside the yearly financial data on individualMFI profiles. MIX also implemented new automatedmonitoring tools to make our data collection processmore efficient through additional quality checks, realtimeupdates, and constant communication with MFIs.The added collection technology also enabled MIX toimprove the freshness of the data presented on MIXMarket.By June 30, 2010, MIX Market had more than 1800 MFIs,representing 92.4 million borrowers and 78.5 millionsavers from throughout the developing world.180160140120100806040200MFI Reporting Interim Data on MIX Market49Eastern Europeand Central Asia19Eastern Asia andPacific154Latin America andthe Caribbean10South Asia16Middle East andNorth AfricaSOCIAL PERFORMANCEUsing the social performance data we have collectedfrom MFIs around the world, MIX helped to provide themicrofinance community with a better understandingof the contribution of MFIs to their surroundingcommunities. This data collection season, MIX expandedour involvement in the social performance communitythrough increasing our leadership capacity in the SocialPerformance Task Force, contributing to multiple socialperformance publications, and developing the newSocial Performance Indicators Blog.In 2010, MIX supported CGAP’s Social PerformanceReporting Awards recognizing transparency in socialperformance reporting. This year, 19 MFIs received GoldAwards and 32 received the Silver. Additionally, fivenetworks received awards for the strong social reportingof their affiliates.growth in borrowers and glpTECHNOLOGYThrough several significant technological advancements,MIX has evolved into the technological leader in themicrofinance sector. During FY 2010 we launched the newMIX Market technology platform, which incorporated anew MFI trend benchmarking feature, displayed countryand regional analysis, connected MIX with social mediaplatforms, and allowed us to provide users with MIXinformation in multiple languages. Technology alsocontributed to the automation of the data collectionprocess and helped MIX develop new products andservices, such as interim data. Additionally, MIXadopted open source software and implemented cloudcomputing technology to reduce capital expenditures.PAge 10