1 According to Dominican Republic's official poverty line (distinguishing between rural and urban environments). Source: Ministry of the Economy, Planning and Development. Clients whose net income (i.e. profit obtained from their micro-enterprise) divided by the number of members in the family unit (per capita) is no more than 3 times the poverty line of their corresponding country and type of environment (rural/urban).
2 Takes into account clients that joined during the year (new clients).
Women make up more than two thirds of Adopem’s clients. More clients with primary education (at best) have signed up, and the proportion of rural clients and those under 30 years have increased slightly too.
2 Takes into account clients that joined during the year (new clients).
The weighting of the credit payment installment (as a % of monthly sales) has fallen in the last few years for new clients, given that the increase in average disbursements has not kept up with sales levels, as reported by clients.
2 Takes into account clients that joined during the year (new clients).
3 Average disbursement, calculated as the average first disbursement for new clients each year.
4Weight of the installment calculated as an average ratio (installment divided by sales) of each client.
The relative stability of per capita monthly net income over time is accounted for by the influx of new clients with higher levels of sales and net income.
5 Data for the current portfolio as of December 31, 2015.
Average per capita net income of 54% of clients, classified as vulnerable
is USD 5.50 a day; that of the 36% who are poor or extremely poor is,
on average, USD 2.20 a day.
The non−vulnerable segment has an average monthly net income of USD 457, less than twice the vulnerability line.
5 Data for the current portfolio as of December 31, 2015.
6 Poverty lines are for the urban environment.
96% of clients have a business in the tertiary sector (trade and services); nearly 79% are in trade. The distribution remains for both rural and urban areas.
7 Data for the current portfolio as of December 31, 2015.
7 Data for the current portfolio as of December 31, 2015.
16% of clients take on at least one employee, and the rate of employment creation is greater in less vulnerable segments.
7 Data for the current portfolio as of December 31, 2015.
The degree of leveraging remains the same, whatever the category of vulnerability.
8 Assets and equity calculated at the time of credit evaluation (i.e. not including the microcredit granted).
9 Data for the current portfolio as of December 31, 2015.
9 Data for the current portfolio as of December 31, 2015.
The financial burden of the loan installment on sales falls as clients become less vulnerable. The average works out at 5%.
The gross margin (net income + installment) over sales is 39% on average for all vulnerability sectors.
10 Calculations based on clients reporting expenditures.
11Shows the situation at the outset and the current situation at the end of December 2015 of clients in each cohort still current as of December 31, 2015.
12 Clients participating in the sample are current clients and have had their data updated in the last 12 months.
Since 2011 over 14,000 current clients classed as poor when registering have come off the poverty line.
12 Customers participating in the sample are current customers and updating data received in the last 12 months.
Similar client retention rates in the last 4 cohorts analyzed. Client loss after one year remains, on average, around 27%. Adopem has the best client retention rate of the BBVAMF group after 4 years.
13 Percentage of clients in each cohort still current as of December 31,2015.
There is a high and sustained increase in sales, net income and assets of clients’ businesses.
14 Data of current clients as of December 31, 2015, and that have had a data update in the last 12 months. The situation at outset is shown (data in their cohort year) and their situation at the end of December 2015. The outset is the moment that the first loan was granted.
There is a high and sustained increase in sales, net income and assets in clients' businesses.
14 Data of current clients as of December 31, 2015, and that have had a data update in the last 12 months. The situation at outset is shown (data in their cohort year) and their situation at the end of December 2015. The outset is the moment that the first loan was granted.
14 Data of current clients as of December 31, 2015, and that have had a data update in the last 12 months. Thesituation at outset is shown (data in their cohort year) and their situation at the end of December 2015. The outset is the moment that the first loan was granted.
Continuous and systematic increase in clients’ average disbursement, nearly doubling over two years.
15 Average disbursement, calculated as the total disbursement made in a year divided by the number of transactions by each client participating in the disbursement in said year.
After two years, on average 8% of clients create at least one new job position.
16 Proportion of enterprises, of those still current in each cohort, that have increased their payroll.
Monthly sales per employee are higher among clients the longer they have been with the institution, suggesting an increase in productivity over time.
17 Only clients who have at least one employee on the payroll are included.
After two years on average, 15% of clients have upgraded their healthcare cover.
18 Proportion of clients still current in each cohort who have moved from not having health insurance to having some, from having public insurance to having a mixed or private one, or from having a mixed insurance to a private one.
7% of clients have improved their housing conditions after two years.
19 Proportion of clients still current in each cohort who have moved into their own home, made home improvements or increased the number of rooms in their home from when they registered at the outset.
Sustained growth of average savings, for both asset clients (CAGR 11 15 12%) and clients in general (CAGR11-15 16%).
20 Includes the overnight and term savings of current clients each year.
21 Average saving calculated for all clients with a balance of USD 1 or more (in local currency equivalent) on all dates.
21 Average saving calculated for all clients with a balance of USD 1 or more (in local currency equivalent) on all dates.
22 Saving for clients current in each cohort having both credit and savings.
Gross loan portfolio (USD)
111,779,893
Total disbursed in 2015 (USD)
133,861,505
Nº transactions in 2015
210,405
Average disbursement in 2015 (USD)
636
Deposits & other (USD)
51,000,274
Nº Employees
1,238
Nº Offices
70
Clients receiving financial education
16,051
23 Data as of December 31, 2015.