MONTHLY STATISTICAL REPORT At the end of October, ACCION Network and Partners’ active portfolios closed at US$5,240.3 billion and reached 4,897,346 active clients, even when data from ADEMI Bank, Compartamos and Crediamigo were only available through September. The portfolio at risk indicator was 4.14%. Compared to the previous month, the number of active clients increased by 26,904 (0.6%), and the active portfolio increased by US$160.6 million (3.2%). The portfolio at risk indicator had an increase of 0.04 points (from 4.10% in September to 4.14% in October 2011). The percentage growth in active clients compared to the end of September and as grouped in the report is as follows: The group of service companies grew by 3.9%, followed by the group of NGOs with a 1.6% increase, partners in Africa and Asia with a 1.0% increase and regulated institutions with a 0.3% increase. The percentage growth in active portfolio assets is as follows: the largest increase was recorded by the group of service companies, with a 5.3% increase; followed by the group of NGOs, with a 3.3% increase; regulated institutions, with a 3.0% growth and, finally, partners in Africa and Asia, with a 0.2% increase.
All groups showed increases in the portfolio at risk indicator during this period, and the changes were as follows: Regulated institutions and NGOs rose 0.04 points, service companies rose 0.02 points and partners in Africa and Asia rose 0.10 points.
Three institutions in Latin America and the Caribbean are noted for their active portfolio increases since the previous month. These were Bandelta in Panama, with a 50.2% increase (20.6 million), this high increase is in part due to the reclassification of certain products that were previously erroneously labeled as not being microcredit products. Santander Microcrédito in Brazil, with a 16.1% (13.7 million) increase and Bangente in Venezuela, with a 7.9% (7.9 million) increase. Partners in Africa and Asia—the fastest growing institutions in this variable—were EAMF in Cameroon, with a 10.1% (0.2 million) increase and ACCION Microfinance Bank "AMfB" in Nigeria, with a 4.5% (0.4 million) increase. Three institutions in Latin America and the Caribbean had the highest growth in their active portfolios compared to September 2011. These were Bandelta in Panama, with an increase of 23.1% or 2,236 clients; Sogesol in Haiti, with an increase of 5.8% or 1,256 clients and Santander Microcrédito in Brazil, with an increase of 5.5% or 5,355 clients (during this month, Santander Microcréditos surpassed 100,000 clients). Three partners in Africa and Asia experienced a significant growth in their client portfolios: EAMF in Cameroon, with an increase of 12.2% or 286 clients and EB‐ACCION in Ghana, with an increase of 4.5% or 382 clients. The three institutions that experienced the greatest improvement in portfolio quality indicator for the month of October 2011 were EAMF in Cameroon (‐0.75 points), Fama in Nicaragua (‐0.44 points) and Bandelta in Panama (‐0.43 points).
ACCION International Network and Partners REGULATED INSTITUTIONS ‐ ACTIVE BORROWERS AND PORTFOLIO LAST 12 MONTHS
* Regulated institutions increased their active client portfolio by 13,318 new clients (0.3%). In absolute terms, Mibanco in Peru was the institution in this group with the largest increase from September to October: 5,226 clients (1.2%). On the other hand, this group grew its active portfolio by 129.4 million (3.0%), and Mibanco in Peru was the institution with the highest increase in this variable: 60.6 million (4.2%).
ACCION International Network and Partners SERVICE COMPANIES ‐ ACTIVE BORROWERS AND PORTFOLIO LAST 12 MONTHS
* Service companies increased their client portfolio by 8,944 new clients (3.9%). In absolute terms, Santander Microcrédito in Brazil was the institution in this group with the largest increase: 5,355 active clients (5.5%). In terms of its active portfolio, the group grew at a rate of 5.3% (27.6 million), and Credife in Ecuador was the institution with the highest growth in this variable, with 13.8 million (3.3%).
ACCION International Network and Partners NGO’s ‐ ACTIVE BORROWERS AND PORTFOLIO LAST 12 MONTHS
* NGOs’ clients rose by 3,413 active clients or 1.6%. In absolute terms, the greatest growth was observed by Génesis Empresarial in Guatemala, which grew by 1,919 clients (1.2%). This group’s active portfolio increased 3.4 million (3.3%). Génesis experienced the highest growth in portfolio increase: 2.9 million (3.9%).
ACCION International Network and Partners AFRICA AND ASIA PARTNERS ‐ ACTIVE BORROWERS AND PORTFOLIO LAST 12 MONTHS
* Partners in Africa and Asia recorded an increase of 1,229 clients (1.0%). In absolute terms, we highlight Swadhar in India, which experienced an increase of 924 clients. The group’s active portfolio reflected an increase of 0.1 million (0.2%), and Swadhar in India was the institution in the group that recorded the highest growth in this variable, with 0.5 million (4.2%).
ACCION International Network and Partners PORTFOLIO AT RISK > 30 DAYS – COMPARISON SEPTEMBER 2010 / OCTOBER 2011
The group of regulated institutions recorded an increase of 0.04 points in its portfolio at risk indicator. However, this indicator of 0.22 points is still above the weighted average of all institutions.
For service companies, this indicator rose 0.02 percentage points. However, the group’s indicator is 1.77 points, which still falls below the total weighted average for the group.
NGOs also showed a worsening in the quality of their portfolio at risk indicator, with an increase of 0.4 points. However, their indicator is below the total weighted average of the portfolio at risk indicator.
For the group of partners in Africa and Asia, their portfolio at risk indicator rose by 0.10 points and still ranks above the weighted average of all institutions (0.8).