Contigo Argentina
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Classification by the principal vulnerability dimensions of new clients taking out their first loan in 2015, and of total clients who had a loan with the institution at the end of 2015.

The lines presented are in scale with the percentages.
170
Total clients
54
New clients
1_ According to Argentina's official poverty line (distinguishing between rural and urban environments). Source: CEPAL. 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_ Clients with primary education at best, as a proportion of all credit clients.
170
Total clients
54
New clients
Classification by the principal vulnerability dimensions of new clients taking out their first loan in 2015, and of total clients who had a loan with the institution at the end of 2015. The lines presented are in scale with the percentages.
1_ According to Argentina's official poverty line (distinguishing between rural and urban environments). Source: CEPAL. 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_ Clients with primary education at best, as a proportion of all credit clients.
Measuring
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Our clients and our scale

Contigo Microfinanzas has a small client portfolio, of which 48% are economically vulnerable.

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Client economic vulnerability 1

1 According to Argentina's official poverty line (distinguishing between rural and urban environments). Source: CEPAL. 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).

New client acquisition has remained restrained in recent years as a result of an internal policy decision.

New credit clients 2

2 Takes into account clients who joined during the year (new clients).

Profile of our credit clients 2
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New clients continue to be mainly women, and make up nearly 70% of the current portfolio.

2 Takes into account clients who joined during the year (new clients).

Sales, disbursement & weight of credit installment 2 3 4
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The weight of the credit installment in monthly sales has remained below 8% for new clients in 2015.

2 Takes into account clients who joined during the year (new clients).
3 Average disbursement, calculated as the average first disbursement for new clients each year.
4 Weight of the installment calculated as a ratio average (installment divided by sales) of each client.

Average per capita micro-entrepreneurial net income, by client seniority 5
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5 Data as of December 31, 2015.

People served by Contigo live on an average of USD 8.90 a day

Average per capita micro-entrepreneurial net income, by client vulnerability 5 6

The correlation between the length of the relationship with the MFI and average per capita net income is positive, with available per capita income increasing the longer the client remains with the institution.

48% of clients live on less than USD 6.50 a day each.

5 Data as of December 31, 2015.
6 Poverty lines are for the urban environment. They have been updated to take inflation into account as published by the World Bank (19.7% in 2013, 29.3% in 2014). 2015 estimates by the International Monetary Fund (18.6%).

Our clients’ enterprises

Economic activity 7

80% of our clients work in retail trade.

7 Data of current portfolio as of December 31, 2015.

Micro-enterprises’ employee breakdown 7 8

11% of all the businesses we serve generate jobs.

7 Data of current portfolio as of December 31, 2015.
8 None of the clients classified as poor has an employee on their payroll. This information has a high margin of error given the small size of the Contigo Microfinanzas portfolio.

Average monthly sales by vulnerability 9

9 Data of current portfolio as of December 31, 2015.

Assets, liabilities and equity by vulnerability 9 10

9 Data of current portfolio as of December 31, 2015.
10 Assets and equity calculated at the time of credit evaluation (i.e. not including the microcredit granted) None of the clients classified as poor has reported this information.

Assets and average disbursement by vulnerability 11

11 Data of current portfolio as of December 31, 2015.

Loan installment, expenses & margins (as % of sales) 12

The average disbursement originated represents 12% of a client’s total assets and the installment payment, on average, 8% of total sales.

12 Calculations based on those clients reporting expenditures.

Activity Data

Summary of
activity 13
Total

Gross loan portfolio (USD)

205,599

Total disbursed in 2015 (USD)

287,480

Nº transactions in 2015

187

Average disbursement in 2015 (USD)

1,537

Deposits & other (USD)

NA

Nº Employees

4

Nº Offices

1

Clients receiving financial education

1,103

13 Data as of December 31, 2015.