Source: Microfinance Information Exchange (MIX).
Original press release available here.
WASHINGTON, February 29 – The Microfinance Information Exchange (MIX) released Benchmarking Microfinance in Asia 2006, an in-depth analysis of the microfinance sector in the region, with benchmark data on 194 microfinance institutions and two year comparative data from a subset of 126 institutions.
The report shows that the Asian microfinance sector continues to dominate the global market, building on rapid growth and massive scale to capture a disproportionate share of clients. The region’s microfinance institutions remain unrivaled in scale, due to the densely populated countries in which they operate. In 2006, Asian MFIs served more than 35 million borrowers, with USD 6.97 billion in loans. These institutions also show remarkable depth of reach, managing some of the lowest average loan balances worldwide, equal to one-fifth of local per capita income levels.
The Microfinance Information eXchange, Inc. (MIX) is the leading provider of business information and data services for the microfinance industry. Dedicated to strengthening the microfinance sector by promoting transparency, MIX provides detailed performance and financial information on microfinance institutions, investors, networks and service providers associated with the industry.
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