1 According to Chile’s official poverty line (distinguishing between rural and urban environments). Source: Ministry for Social Development; traditional measuring method. 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 who joined during the year (new clients). No available information of clients’ net income before 2014, thus the vulnerability level cannot be calculated.
The majority of Emprende’s new clients are women and clients with primary education at best.
New clients‘ average monthly sales rose, but the weight of the installment in average sales rose too.
2 Takes into account clients who joined during the year (new clients).No available information of clients’ net income before 2014, thus the vulnerability level cannot be calculated.
New clients‘ average monthly sales rose, but the weight of the installment in average sales rose too.
2 Takes into account clients who joined during the year (new clients).
No available information of clients’ net income
before 2014, thus the vulnerability level cannot be calculated.
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.
5 Data of current portfolio as of December 31, 2015.
50% of clients served live in situations of vulnerability, with an average net income of USD 5.90 per person, per day. 6% of the portfolio lives under the poverty line, with an average net income of USD 2.40 per person, per day.
5 Data of current portfolio as of December 31, 2015.
6 Poverty lines are for the urban environment.
62% of clients run their own enterprise in the tertiary sector and nearly all of them work in trade.
7 Data of current portfolio as of December 31, 2015.
7 Data of current portfolio as of December 31, 2015.
19% of the businesses served create employment.
7 Data for current portfolio as of December 31, 2015.
8 Assets and equity calculated at the time of credit evaluation (i.e. not including the microcredit granted).
9 Data of current portfolio as of December 31, 2015.
A typical disbursement represents 20% of an average client‘s total assets.
9 Data of current portfolio as of December 31, 2015.
On average Emprende clients report a gross margin of 51%, and the monthly loan installment represents 6% of their sales.
10 Calculations based on those clients reporting expenditures.
Steady sales increases reported throughout the time spent with the institution.
11 Data of current clients as of December 31, 2015, and that have had a data update in the last 12 months. The situation at the 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.
12 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.
12 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.
13 There is no information prior to 2014 on clients' net income.
14 There is insufficient information about net income, sales and assets for the 2015 cohort.
After a year, on average, 38% of clients leave the MFI; after four years, the proportion of retained clients has fallen to 17%.
15 Percentage of clients in each cohort current as of December 31, 2015.
Steady sales increases reported throughout the time spent with the institution.
16 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.
17 There is insufficient information about net income, sales and assets for the 2015 cohort.
Sustained growth in the average loan which nearly doubles over 4 years, showing a tendency to increase with each successive cohort.
18 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.
On average, by the third year 10% of Emprende’s clients have generated at least one new job.
19 Only clients who have at least one employee in charge are included.
20 Only includes clients with at least one employee.
Gross loan portfolio (USD)
10,937,056
Total disbursed in 2015 (USD)
12,046,655
Nº transactions in 2015
12,169
Average disbursement in 2015 (USD)
990
Deposits & other (USD)
NA
Nº Employees
159
Nº Offices
21
Clients receiving financial education
NA
21 Data as of December 31, 2015.
