MICROBANKING BULLETIN - Microfinance Information Exchange

BULLETIN HIGHLIGHTS AND TABLESTABLE 3. OPERATING EXPENSES AND PORTFOLIO MANAGEMENT INDICATORSPEER GROUPOPERATINGEXPENSEinterest, adj.,loan loss &admin. exp./avg. total assets(%)INTERESTEXPENSEinterest exp. /avg. totalassets(%)ADJ.EXP.adj. exp./ avg.totalassets(%)LOAN LOSSPROV. EXP.loan lossprovision exp. /avg. totalassets(%)SALARYEXP./ TAstaff exp. /avg. totalassets(%)ALL MFIs avg 33.1 4.5 3.8 2.3 11.2stdv 11.2 3.5 2.7 1.4 6.0N 92 90 92 92 92Fully Sustainable MFIs avg 30.5 6.2* 3.7 2.3 9.4stdv 12.6 4.8 3.9 1.6 5.7N 63 63 63 63 631. LA Large Target: Broad/ High-end avg 28.9 8.9* 0.8* 3.2 7.4Agrocapital, Banco ADEMI, BancoSol, Calpiá, CM Arequipa, FIE, Finamérica, stdv 6.9 4.2 0.7 1.3 2.8FWWB Cali, Los Andes, Mibanco, PRODEM N 9 9 9 9 92. LA Medium Broad avg 42.0* 7.4* 3.6 4.6* 12.6ACODEP, ACTUAR, ADOPEM, ADRI, Banco Pequena Empresa, CHISPA, stdv 9.8 4.7 2.2 2.7 4.7EMPRENDER, Enlace, FAMA, FONDECO, FUNADEH, ProEmpresa, Sartawi N 11 11 11 11 113. LA Medium Low-end avg 42.5* 4.7 7.4* 2.5 15.1*CAM, CEAPE Pernambuco, CMM Medellín, Compartamos, CONTIGO, CRECER, stdv 8.3 3.2 3.3 1.4 6.2FED, FINCA HO, FINCA NI, FMM Popayan, Portosol, ProMujer, World Relief HO N 11 11 11 11 114. LA Small Target: Low-End avg 59.4* 5.2 9.2* 3.3 26.0*AGAPE, Banco do Povo de Juiz de Fora, FINCA Ecuador, FINCA México, stdv 6.7 4.7 1.9 0.4 5.6Vivacred N 3 3 3 3 35. LA Credit Unions Size: All Target: Broad avg 25.8 9.6* 5.1 1.3* 4.7*15 de Abril, 23 de Julio, ACREDICOM, Chuimequená, COOSAJO, ECOSABA, stdv 11.2 2.0 6.3 0.6 1.4Moyutan, Oscus, Sagrario, Tonantel, Tulcán N 9 9 9 9 96. Asian Large Target: Low-end/ Broad avg 21.4 9.6* 2.9 2.0 3.4*ASA, BAAC, Bank Dagang Bali, BRAC, BRI stdv 4.3 8.1 1.6 1.0 2.7N 3 3 3 3 37. Asia-Pacific Size: All Target: Low-End/Broad avg 31.4 2.9 2.7 3.7 12.1ACLEDA, EMT, Hublag, RSPI, TSPI stdv 2.1 0.3 0.7 0.8 0.7N 3 3 3 3 38. South Asian Size: Small/Medium Target: Low-End/Broad avg 20.7* 2.1 4.3 1.2* 5.9*AKRSP, BASIX, Buro Tangail, CDS, FWWB India, KASHF, Nirdhan, SEEDS, stdv 6.3 1.6 1.6 0.9 3.8SHARE N 7 7 7 7 79. African Small Target: Low-End avg 48.6* 1.9 4.5 1.9 20.7*FAULU, FINCA Malawi, FINCA Uganda, FOCCAS, RFF, SAT, SEF, UWFT, stdv 14.0 1.9 2.1 1.5 8.1WAGES N 7 7 7 7 710. African Medium Target: Low-End avg 35.7 1.6 1.2 1.6 15.6Kafo Jiginew, Nyésigiso, PAMÉCAS, PRIDE Tanzania, PRIDE Uganda, stdv 19.5 0.6 1.5 0.2 11.2PRIDE Vita N 4 4 4 4 411. Africa/MENA Size: Large/Med. Target: Broad/High-end avg 16.2* 1.7 0.6* 1.6 6.5ABA, ACEP, CERUDEB, Citi S&L, PADME, UNRWA stdv 6.6 1.6 0.7 1.4 1.7N 4 4 4 4 412. MENA/CA Size: Small/Medium Target: Low-End avg 39.7 0.0* 2.5 1.1 21.0*Al Amana, Al Majmoua, Constanta, FATEN, FINCA Kyrgyzstan, stdv 15.0 0.1 1.2 1.0 8.3Microfund for Women N 4 4 4 4 413. Eastern Europe High-end Size: All avg 21.4* 2.0 4.3 2.3 7.0AMK, FEFAD, MEB, Moznosti, Network Leasing Corporation, SUNRISE, WVB stdv 5.6 1.9 2.4 1.0 3.2N 5 5 5 5 514. Eastern Europe Broad Size: All avg 30.4 2.0 5.4 2.6 13.4BOSPO, Fundusz Mikro, Inicjatywa Mikro, LOK, MC-SEA, MIKROFIN, stdv 4.0 1.8 1.5 1.7 2.1Nachala, NOA N 6 6 6 6 6Note: Standard deviations and sample sizes are listed below the peer group averages. The averages are calculated on the basis of the values between the ninthand second deciles for all MFIs, and between second and the 99th percentiles for each peer group; therefore, sample sizes vary across indicators. Group averagesdifferent from average for all MFIs at 5 percent significance level are marked with an asterisk (*). Additional statistical information is available atwww.calmeadow.com. Abbreviations: LA= Latin America; MENA=Middle East/North Africa; CA=Central Asia.44 MICROBANKING BULLETIN, SEPTEMBER 2000