MICROCAPITAL BRIEF: US-based Microfinance Information Exchange (MIX) Appoints Jeffrey Binstock as CEO

The Microfinance Information Exchange (MIX), a US-based nonprofit that provides performance data and analysis on microfinance institutions (MFIs) and their funders, networks and service providers, recently announced the appointment of Mr Jeffrey Binstock as the organization’s new CEO. Mr Binstock will succeed Mr Marten Leijon, who headed the organization for four years. Mr Binstock has 20 years of professional experience in the finance, media and information services sectors. During his career, Mr Binstock held senior positions in finance, operations, sales and product management at several companies based in Asia, Europe and in the United States.

Mr Binstock stated that he looks forward “to learning more about MIX’s already successful collaborative and community-based approach and to help identify further opportunities to simplify MIX’s data delivery to an otherwise complex market”[1]. Blaine Stephens, the Chief Operating Officer of MIX, said that “we believe that under Jeffrey’s guidance, MIX will continue to grow and evolve in its role as a thought leader in the microfinance sector”[1].

The MIX Market website run by MIX offers access to financial and social performance information covering approximately 2,000 MFIs. MIX reported total revenue of USD 4.4 million from July 1, 2011, through June 30, 2012. More recent financials for MIX are not available.

By Alíz Crowley, Research Associate

About Microfinance Information Exchange (MIX)

The Microfinance Information Exchange (MIX) is a US-based nonprofit provider of performance data and analysis on microfinance institutions (MFIs), funders, networks and service providers dedicated to serving the financial needs of low-income clients. The mission of MIX is to strengthen the microfinance sector and financial inclusion in general by promoting transparency. The organization’s MIX Market website offers access to financial and social performance information covering approximately 2,000 MFIs. MIX publications include the MicroBanking Bulletin and MIX Microfinance World, which feature periodic research and data analysis. Incorporated in 2002, MIX is headquartered in Washington, DC, with regional offices in Azerbaijan, India, Morocco and Peru. Its supporters include the Bill & Melinda Gates Foundation, CGAP (Consultative Group to Assist the Poor), Omidyar Network, The MasterCard Foundation, the UN’s International Fund for Agricultural Development, the Michael & Susan Dell Foundation, Citi Foundation, Ford Foundation and Deutsche Bank. MIX reported total revenue of USD 4.4 million from July 1, 2011, through June 30, 2012.

Sources and Additional Resources

[1] Mix Market Website, MIX Appoints New CEO

MicroCapital, May 22, 2014, Microfinance Information Exchange (MIX) Introduces FINclusion Lab, Offering Country-Specific Financial Inclusion Data Visualization and Analysis

MicroCapital, May 15, 2013, Microfinance Information Exchange (MIX) to Offer Validated Social Data from Microfinance Institutions

MicroCapital, March 7, 2013, The Business Case for Life Microinsurance in the Philippines, MIX Map of Financial Inclusion in India, 2012 Sub-Saharan Africa Snapshot

MicroCapital, September 9, 2009, Marten Leijon Takes Helm As Executive Director of Microfinance Information Exchange (MIX)

MicroCapital Universe Profile: Microfinance Information Exchange (MIX)

Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at https://www.microcapital.org/products-page/

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