MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Confirms Launch of New Fee-Based Features in Mid-2011

The Microfinance Information Exchange (MIX), the US–based nonprofit data provider, recently announced that it will launch new features on a fee basis in mid-2011. MIX previously announced the launch of a pilot effort to allow the public to test -drive the fee-based features, as was covered by MicroCapital.org in June 2010 [1].

According to MIX, the new functionality has been supported by Omidyar Network, a US-based firm that invests in and donates to socially-oriented organizations. The details of the new features have not been made available.

By Medha Ravi, Research Associate

About Microfinance Information Exchange (MIX):
Established in 2002, Microfinance Information Exchange (MIX) is a nonprofit organization with headquarters in Washington, DC, and regional offices in Peru, Senegal, India and Indonesia. MIX provides detailed financial and social performance information from microfinance institutions (MFIs), as well as business information from market facilitators, donor organizations and investors in microfinance. MIX was founded by CGAP (Consultative Group to Assist the Poor) and is sponsored by Citi Foundation, Deutsche Bank Americas Foundation, the UN’s  International Fund for Agricultural Development (IFAD) and the Bill & Melinda Gates Foundation.

About Omidyar Network:

Founded in the US in 2004, The Omidyar Network is an investment firm that provides investments and grants to “socially responsible” organizations in the areas of microfinance, entrepreneurship, property rights, social media, marketplaces and government transparency. To be eligible for a grant, an organization must be “determined to be aligned to Omidyar Network’s goals, have an identifiable impact, have potential for large-scale impact, have proven leadership, and exemplify innovation.” Omidyar Network typically makes investments of USD 1 million or greater. As of 2009 Omidyar Network reports total assets of USD 249 million.

Source and Resources:

[1] MicroCapital.org story, June 22, 2010, “MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Calls for “Test Pilots” to Assess New Features of MIX Market Website, May Begin Charging for Premium Content”,  https://www.microcapital.org/microcapital-brief-microfinance-information-exchange-mix-calls-for-%E2%80%9Ctest-pilots%E2%80%9D-to-assess-new-features-of-mix-market-website-may-begin-charging-for-premium-content/

Microfinance Information Exchange (MIX) website, “Announcing new, exciting features for summer 2011!”, http://www.themix.org/2011/03/announcing-new-exciting-features-summer-2011

MicroCapital’s Microfinance Universe Profile: Microfinance Information Exchange (MIX), https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Microfinance+Information+Exchange+%28MIX%29

MicroCapital’s Microfinance Universe Profile: Omidyar Network, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Omidyar+Network

Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/

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