Philanthropedia - Microfinance Information Exchange (MIX) nonprofit profile

BRAC
Microfinance Information Exchange (MIX)
ACCION International
Unitus
Grameen Foundation
Pro Women Programs for Women (Pro Mujer)
Women's World Banking (WWB)
Opportunity International
Kiva
Freedom From Hunger
CARE International
Finca International

See all

Learn more about the Microfinance Top Performing Nonprofits:

Microfinance: Microfinance Information Exchange (MIX)

Mission: MIX's three primary objectives are 1) Improve MFI performance and transparency 2) Boost public and private investment in microfinance through the increased exchange of information 3) Lead benchmarking activities.

BASIC INFORMATION	EXPERT ASSESSMENT	BENEFICIARY REVIEW

Basic Information
Social Cause: Microfinance
Issue Area: Microfinance

Year Founded: 2002
Problem

How to measure the success of a microfinance institution.
Solution

Financial Performance: MIX collects, analyzes, and disseminates general business information, financial, and operational data. MIX presents this data on their online platform MIX Market and in benchmarks, trend lines, and regional and country level reports.

Social Performance: MIX is a leader in the process of creating, disseminating, and promoting a core set of indicators for the microfinance industry to report on social performance.

Technology: MIX actively works to leverage technology that supports standards adoption and provides higher quality data for the microfinance sector.
Impact

1225: microfinance institutions from 93 countries, serving more than 66 million borrowers and 71 million savers reported to MIX (2008).

10,038: registered members (2008).

30,000: online visits/month (2008).

The Financial Times, The Economist, Forbes magazine and Time magazine all cited MIX data.
Financial Breakdown

Expenses Breakdown

Program Expenses :
Administrative Expenses:
Fundraising Expenses:
Contact Information

Website: www.themix.org
Email: info@themix.org
Phone: +1 202 659 9094

The contents of this page are primarily from this nonprofit organization's website. The views expressed on this page are those of this organization and not necessarily those of Philanthopedia.

SummaryLearn more about these experts>>

Microfinance experts believe that Microfinance Information Exchange (MIX) does something essential that very few people have done: they provide a comprehensive resource on microfinance institutions globally. This resource includes establishing standards, improving transparencies, providing benchmarks, and coming up with ratings.

At the same time, they can improve their social performance metrics, expand their scope by promoting their services beyond the industry, and increase the number of microfinance institutions in their network.

Strengths

Comprehensive Resource on Microfinance Institutions

"They provide information on all microfinance institutions. "
"They are providing comprehensive if imperfect data on the industry. "
"They provide the first real comprehensive resource on microfinance institutions globally. "

Provide Useful Information- Establish Standards, Improve Transparency, and Provide Benchmarks

"They do something essential that nobody else does. "
"They establish standards and improve transparency. "
"They are the only online platform with financial and outreach data on the microfinance sector."
"They come up with ratings for the microfinance sector. "
"They stand alone in providing consistent and useful information. "
"They provide information, benchmarking, and transparency. "
"They help measure impact. "
"They synthesize performance data. "

Provide a Public Service

"They disseminate the information nicely as a public service."

Areas for Improvement

Improve Social Performance Metrics

"They should add social performance metrics. "
"They should improve social performance data collection and reporting. "

Refine and Update Information

"They should continue to refine the data inputs and reports."
"They should get more current information and confirm the accuracy of their information."
"They should increase the number of microfinance institutions on their platform. "

Promote Activities beyond Industry

"They should promote their activities to institutions not commonly defined as “microfinance.”"
"They should create an Association of Rating Organizations. "
"They should increase their awareness beyond industry professionals. "

Provide Further Support to Microfinance Institutions

"They should provide further support and training to networks and microfinance institutions on transparency and benchmarking. "

The views expressed on this page are those of each individual expert and not necessarily those of Philanthopedia. Note that each quote represents the views of just one person and may not reflect the sentiments of the entire group. We do not disclose the names of the experts who gave each comment to protect their anonymity

Support a social cause, view Expert Mutual Fund

Climate Change Expert Mutual Fund

Education Expert Mutual Fund

Microfinance Expert Mutual Fund

Bay Area Climate Change Mutual Fund

Bay Area Homelessness Expert Mutual Fund