MIX Annual Report FY 2010 - Microfinance Information Exchange

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TechnologyAt the Forefront of the Microfinance IndustryMIX technology reached new heights in 2010 as itextended itself beyond the scope of MIX services tobecome a technology leader in the microfinance industry.These new technological developments have provideda benchmark for other microfinance organizations,propelling MIX to the forefront of technological servicesin the sector.the MIX Market database were made possible thanksto an ongoing partnership with The MasterCardFoundation.The 2010 fiscal year saw much technologicaladvancement at MIX including: the launch of the new MIXMarket technology platform, development of new MIXproducts and services, implementation of improved datastandards, re-engineering of data collection processes,and the adoption of open source and cloud computingtechnologies to continue to deliver innovative productsand services.THE NEW AND IMPROVED MIX MARKETThe MIX Market platform underwent significantchanges this year in an effort to provide its users withbetter tools to assess the current andhistorical state of the microfinanceindustry. To accomplish this, MIXimplemented a new, user-friendlywebsite platform which features a larger amountof data on MFI profile pages as well as country andregional sections of the site. The new data offeringsinclude: interim data, trend benchmarking, andmacroeconomic information. The upgraded platformalso extended the outreach of the MIX websites bymaking its content available in multiple languages:English, Spanish, French, and Russian. Furthermore, theenhanced platform enables the seamless connectionto social media platforms (i.e. Twitter, Facebook, etc.) tosupport our user outreach efforts and strengthen ourindustry impact. These considerable advancements tolatest PRODUCTS AND SERVICESAdvancements in MIX technology allowed us to takeour product and service offerings to a new level.For the first time, MIX Market features interim MFIdata collected from approximated 200 microfinanceinstitutions internationally, providing our users withfresher information about the microfinance industry.Additionally, MIX Market furthered its mission ofPAge 18
transparency by creating the foundation of a tool thatwill allow users to access MFI funding structure data.to integrate microfinance institutions into the impact investinguniverse, but allows users worldwide to accessricher data more easily and more frequently than everbefore.USING TECHNOLOGY TO ENHANCEBUSINESS PROCESSESTo enhance its core business practices, MIX turned tonew software programs with the goal of increasing theefficiency of our data collection process. In addition, MIXAnalysts implemented new work flow notifications togenerate up-to-date status information about the progressof MFI data collection. The MIX analysts also extended theiruse of SalesForce to track contacts as well as identify areasfor improvement in the data collection cycle. Finally, theMIX technology team implemented metrics to measureend-to-end business processes as a basis for improvement.employing global DATA STANDARDSXBRL — eXtensible Business Reporting Language — isa language for modeling and exchanging financial andnon-financial informationfor business. MIX employedXBRL as a way to structuredata so that it can be easily understood and exchangedacross platforms. In early 2010, we launched a projectwith the Impact Reporting and Investment Standards(IRIS) project of the Global Impact Investing Network(GIIN). Through the support of the Rockefeller Foundation,MIX and GIIIN are working together to build a datafeed that will enable IRIS, and the public at large, to subscribeto updates to MIX Market profiles and to directlydownload raw data in XBRL. This initiative not only helpsRIGHT-SIZING TECHNOLOGY COSTSThis year, MIX continued its effort to be the industry’sleader in technology by utilizing advanced open sourceand cloud computing technology to meet our endusers’expectations in an effective and efficient manner.The use of cloud based data integration as a means forinformation storage successfully allowed MIX to limitcapital expenditures on software licensing as well asreduce the time required to deliver its products andservices to the market. The adoption of open sourcetechnology (Drupal, Apache, Linux, mySQL) as thefoundation for the MIX Market platform allows MIX todeliver the innovative products and services our usersneed while keeping underlying technology infrastructurecosts within sustainable levels.
Page 5 and 6: IFADIFAD was created 30 years ago t
Page 7 and 8: In closing, I would like to thank a
Page 9 and 10: About MIxThe Microfinance Informati
Page 12 and 13: HighlightsFrom fiscal Year 2010Duri
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Page 17: IN-DEPTH DATA ANALYSISUsing the dat
Page 24 and 25: WHAT’S NEXTLOOKING AHEAD, WHAT TO
Page 26 and 27: Our DataPartnersMIX’s expanded da
Page 30 and 31: AuditedFinancialsStatements of Acti
Page 32 and 33: AuditedFinancialsStatements of Func
Page 34: AuditedFinancialsStatements of Cash

MIX Annual Report FY 2010 - Microfinance Information Exchange

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