1 According to Peru's official poverty line (distinguishing between rural and urban environments). Source: National Statistics & IT Institute. 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 No information available about levels of insurance products held by savings clients.
The client acquisition rate (YOY (14-15) 5.6%) has remained steady, particularly so in terms of its focus on signing up vulnerable clients: these account for over 90% of clients acquired in the last 3 years.
3 Takes into account clients joining during the year (new clients).
New clients' profile is essentially unchanged, with a noticeable increase in new clients who are less than 30 years old.
3 Takes into account clients joining during the year (new clients).
There has been a trend in the last few years to sign up clients with lower sales levels, whilst keeping the ratio of loan installment over sales at around 11%.
3 Takes into account clients joining during the year (new clients).
4 Average disbursement, calculated as the average first disbursement for new clients each year.
5 Weight of the installment calculated as a ratio average (installment divided by sales) of each client.
6 Data for the current portfolio as of December 31, 2015.
The average per capita net income of 53% of clients classified as vulnerable is USD 4.90 a day; the poorest 33% have an average per capita net income of USD 2.20 a day.
6 Data for the current portfolio as of December 31, 2015.
7 Poverty lines are for the urban environment.
Nearly half of the clients work in trade. In the case of rural clients, 43% work in agriculture.
8 Data for the current portfolio as of December 31, 2015.
8 Data for the current portfolio as of December 31, 2015.
In 87% of cases the client is the business' sole employee.
8 Data for the current portfolio as of December 31, 2015.
Clients' financial leverage remains at around 14% whatever their level of vulnerability.
9 Assets and equity calculated at the time of credit evaluation (i.e. not including the microcredit granted).
10 Data for the current portfolio as of December 31, 2015.
10 Data for the current portfolio as of December 31, 2015.
The financial burden of the installment payment as a proportion of sales lessens as clients' income levels rise. On average it comes in at 12%.
The average gross percentage margin (net income + loan installment) of clients' businesses is 38%.
11 Calculations based on those clients reporting expenditures.
12 Shows the situation at the outset and the current situation as of December 31, 2015 of clients in each cohort current at that time.
13 Clients participating in the sample are current clients whose data has been updated in the last 12 months.
Since 2011 around 7,000 of the current clients who were initially classed as poor have overcome the poverty line.
13 Clients participating in the sample are current clients whose data has been updated in the last 12 months.
Similar client retention rates in the last 4 cohorts analyzed. After one year, client loss works out at an average 43%.
14 Percentage of clients in each cohort still current as of December 31 2015.
15 Data of current clients as of December 31, 2015, and whose data has been updated 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.
15 Data of current clients as of December 31, 2015, and whose data has been updated 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.
Micro-enterprises’ assets over the different cohorts also show momentum in asset accumulation, with these growing at a faster rate than sales and monthly net income per capita.
15 Data of current clients as of December 31, 2015, and whose data has been updated 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.
Sustained increase in the average disbursement, which on average doubles after 3-4 years.
16 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.
Savings amounts grow over time among credit clients.
17 Includes the overnight and term savings of current clients each year.
18 Average saving calculated for all clients with a balance of USD 1 or more (in local currency equivalent) on all dates.
19 Savings of clients current in each cohort having both credit and savings.
Gross loan portfolio (USD)
447,075,072
Total disbursed in 2015 (USD)
578,380,102
Nº transactions in 2015
291,945
Average disbursement in 2015 (USD)
1,981
Deposits & other (USD)
272,876,591
Nº Employees
2,168
Nº Offices
153
Clients receiving financial education
50,907
20 Data as of December 31, 2015.