Focus Economic Development | Area served Worldwide Founded June 2002 | |
![]() | ||
Location Washington, DC, United States Products Financial Services
Microfinance
Financial Inclusion
Financial Data Key people Jeffrey Binstock
(Chief Executive Officer)
Blaine Stephens
(Chief Operating Officer Headquarters Washington, D.C., United States Similar The SEEP Network, Microcredit Summit Campaign, ACCION International, FINCA International, Women's World Banking Profiles |
Microfinance Information Exchange, Inc. (commonly known by its acronym MIX) is a non-profit organization that provides market data and intelligence on the financial service providers catering to low-income populations around the world. Founded by the Consultative Group to Assist the Poor (CGAP) and sponsored by the Citi Foundation, CGAP, The MasterCard Foundation, MetLife Foundation and others, MIX is headquartered in Washington DC, and has regional offices in Peru, Azerbaijan, Senegal, and India. MIX's mission is to provide the data, analytics and insight to empower decision makers to build an inclusive financial services ecosystem.
Contents
Data and Insights Provider
MIX collects, validates and publishes financial, operational and social performance data from microfinance institutions (MFIs) and other financial service providers (FSPs), in addition to business information from networks and service providers, and funders and investors. This data is standardized and provided to users through two online platforms: MIX Market and FINclusion Lab. MIX also produces a variety of publications covering the sector such as Barometer Forecast, Annual Benchmark Reports, and Quarterly Factsheets, as well as a number of ad hoc publications each year. Since its founding in 2002, MIX has built the systems needed to bring greater transparency to the microfinance sector, including providing market data on over 2,000 FSPs. In 2016, MIX shifted its strategy to help increase coordination and transparency of other segments of financial inclusion, like smallholder agricultural finance, small and medium enterprise (SME) finance, and digital financial services (DFS).
MIX Market
MIX Market is MIX’s platform for delivering microfinance information. Described as the “microfinance information clearinghouse,” MIX Market provides online data on over 1800 microfinance institutions (MFIs) and 100 investors.
MIX Market Statistics – As of July 20, 2010, 1,834 MFIs were reporting data to MIX. Those MFIs total $43.8 billion USD in gross loan portfolio, $23.7 billion USD in deposits, 81.4 million borrowers, and 593.1 in average loan balance per borrower.
Data Collection and Analysis - After receiving self-reported data from MFIs, MIX analysts “review the data, ensuring there are no outliers and extremes. [They] double check against source documents such as audits and ratings, and standardize [the data] according to internationally accepted accounting standards and to provide for a more useful intra-regional comparison.”
Data Products - The main data products of the MIX Market include MFI Profiles (including Financial Indicators, Trends, and Benchmarks), Country-level and Regional profiles, Funding Structure Data, and Social Performance Reports.
MIX Market Profiles – Alongside their widely acknowledged data provision, MIX Market creates a forum for the dissemination of business information via profiles for individual actors within microfinance sectors around the world. MFIs, funders (public and private funds that invest in microfinance), MFI networks, and microfinance service providers (academic institutions, fund managers, development programs, peer-to-peer lenders, private corporations, raters/external evaluators, advisory firms, and governmental and regulatory agencies) can create and update these profiles with their most recent business information (including company overview, website and other contact information, and products) as well as financial and operational data and documentation.
Publications
Annual Benchmark Reports
Barometer Forecast
Quarterly Factsheet
Regional Analysis, Benchmarking, and Trend Reports are published yearly after the end of the data collection and provide industry analysis including updates on broad economic, legal, and performance developments. These reports include regional benchmarks for financial and operational indicators for the upcoming year and provide a means by which to continually evaluate MFI performance.
Data briefs draw on MIX Market datasets to provide empirical and theoretical analysis on broader topics within the microfinance industry.