BBVAMF manages a detailed and high quality client database with historical data which is updated on a quarterly basis.
BBVA Microfinance Foundation (BBVAMF) has developed a simple and pragmatic approach,
applying outcome focused social performance measurement to analyze the impact of its microfinance activities. The impact assessment team’s purpose is to align BBVAMF’s operations with its mission of
supporting the end client's sustainable social development through productive activities.
The findings are presented in a yearly report and include both social and economic information as a basis to
better understand the client dynamics of the institutions the group supports and ultimately provide a better
service.
Further work is required to develop these indicators and broaden their scope, given the many layers of
complexity involved in monitoring each individual client. However, BBVAMF has been able to draw conclusions
from the economic and social performance of its client base over time which suggests that its activity is having a
positive social impact.
1 According to each country’s official poverty line (distinguishing between rural and urban environments). Source: Each country´s national information centers. Clients whose per capita 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).
3 Shows the situation at the outset and the current situation as of December 31, 2015 of clients in each cohort still current as of December 31, 2015.
4 Clients participating in the sample are current clients and have had their data updated in the last 12 months.
The commitment to consistently targeting vulnerable clients has resulted in over 42,000 clients no longer being classified as poor.
4 Clients participating in the sample are current clients and have had their data updated in the last 12 months.
5 Data for the current portfolio as of December 31, 2015.
6 Data for the current portfolio as of December 31, 2015.
7 Poverty lines are for the urban environment and are obtained from the weighted average of the local poverty line divided by the number of clients in each country.
BBVAMFG casts a wide net in terms of its clients’ gender, education, age and environment (rural vs. urban).
It continues to be composed mostly of women (61%), adults that have received primary education at best (47%), and clients in rural areas (30%).
8 Takes into account clients that joined during the year (new clients).
9 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.
9 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.
Steady growth over time, both in terms of P&L and balance sheet ratios, with an average annual growth rate (CAGR 11 - 15) of 29% for assets, 16% for sales and 16% for profits.
Evidence shows that the longer the client remains with the MFI, the higher the growth of balance sheet ratios.
9 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.
10 Declared assets and liabilities for credit risk evaluation purposes (i.e. not including the loan principal granted).
11 Data for the current portfolio as of December 31, 2015.
11 Data for the current portfolio as of December 31, 2015.
11 Data for the current portfolio as of December 31, 2015.
11 Data for the current portfolio as of December 31, 2015.
11 Data for the current portfolio as of December 31, 2015.
12 Information available for: Banco Adopem, Financiera Confianza, Emprende, Fondo Esperanza, Microserfin, Contigo and Microfinanzas PR.
13 Micro-enterprises in each cohort still current in BBVAMFG’s portfolio as of December 31, 2015 that have increased their employee base. Cumulative figure. Information available for Banco Adopem, Emprende, Microserfin and Microfinanzas PR.
The product mix offered is well balanced, although clients predominantly take out loans, with 54% of total clients signed up for (at least) credit products (38% of clients have both credit and savings products).
Also, most credit clients have shown interest in diversifying their needs, with 29% holding insurance products.
14 Relationship by type of product, for all institutions. Only Banco Adopem, Bancamía, Financiera Confianza and Fondo Esperanza sell insurance products. Banco Adopem, Bancamía, and Financiera Confianza also market savings products. Financiera Confianza does not collect information as to whether its savings‑only clients have insurance products.
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.
The average credit disbursement grows over time up to (CAGR +4) 22% as does the average savings product up to (CAGR +4) 23%.
| BBVAMF | Bancamía | Fin. Conf | Adopem | F.Esperanza | Emprende | Microserfin | Microfinanzas PR | Contigo | |
|---|---|---|---|---|---|---|---|---|---|
| Financial Data | |||||||||
| Gross loan portfolio (USD) | 997,355,916 | 350,969,068 | 447,075,072 | 111,779,893 | 51,023,708 | 10,937,056 | 23,441,244 | 1,924,276 | 205,599 |
| Total disbursed in 2015 (USD) | 1,220,139,233 | 322,501,711 | 578,380,102 | 133,861,505 | 151,339,484 | 12,046,655 | 19,476,000 | 2,246,296 | 287,480 |
| Nº transactions in 2015 | 1,071,923 | 296,511 | 291,945 | 210,405 | 245,752 | 12,169 | 13,993 | 961 | 187 |
| Average disbursement in 2015 (USD) | 1,138 | 1,088 | 1,981 | 636 | 616 | 990 | 1,392 | 2,337 | 1,537 |
| Deposits & other (USD) | 429,419,040 | 105,542,176 | 272,876,591 | 51,000,274 | |||||
| Operational Data | |||||||||
| Nº Employees | 7,910 | 3,583 | 2,168 | 1,238 | 514 | 159 | 224 | 20 | 4 |
| Nº Offices | 509 | 200 | 153 | 70 | 52 | 21 | 11 | 1 | 1 |
| Clients receiving financial education | 378,562 | 164,334 | 50,907 | 16,051 | 143,467 | 2,700 | 1,103 |
| BBVAMF | Bancamía | Fin. Conf | Adopem | F.Esperanza | Emprende | Microserfin | Microfinanzas PR | Contigo | |
|---|---|---|---|---|---|---|---|---|---|
| Nº of net clients | 1,712,801 | 785,535 | 435,879 | 361,722 | 102,141 | 10,568 | 15,674 | 1,112 | 170 |
| Nº of credit clients | 917,186 | 356,377 | 213,152 | 217,992 | 102,141 | 10,568 | 15,674 | 1,112 | 170 |
| % credit clients / total clients of BBVAMF Group | 38.9% | 23.2% | 23.8% | 11.1% | 1.2% | 1.7% | 0.1% | 0.02% | |
| Degree of vulnerability | |||||||||
| Extremely poor | 9.9% | 9.0% | 6.3% | 6.5% | 32.1% | 1.1% | 3.7% | 9.0% | 0.8% |
| Poor | 25.1% | 23.2% | 26.6% | 29.5% | 20.4% | 5.8% | 14.9% | 13.0% | 6.4% |
| Vulnerable | 48.0% | 43.8% | 53.0% | 53.9% | 34.6% | 50.1% | 53.2% | 42.0% | 40.8% |
| Total vulnerable clients | 83.0% | 76.0% | 86.0% | 89.9% | 87.1% | 57.0% | 71.8% | 64.0% | 48.0% |
| Other | 17.0% | 24.0% | 14.0% | 10.1% | 12.9% | 43.0% | 28.2% | 36.0% | 52.0% |
| Detail (% clients) | |||||||||
| Rural | 29.9% | 37.6% | 23.4% | 37.2% | 34.0% | 38.6% | |||
| Female | 60.6% | 56.1% | 51.1% | 67.9% | 83.8% | 60.4% | 43.1% | 44.8% | 67.3% |
| Primary education (at best) | 46.8% | 56.9% | 17.1% | 51.9% | 43.0% | 55.7% | 32.3% | 3.5% | 26.2% |
| By age | |||||||||
| Under 30 yrs | 19.7% | 12.5% | 25.8% | 28.5% | 15.7% | 10.8% | 11.4% | 12.5% | 7.1% |
| Between 30 and 60 yrs | 70.2% | 74.5% | 66.3% | 64.8% | 73.5% | 70.0% | 77.5% | 76.7% | 71.2% |
| Over 60 yrs | 10.1% | 13.0% | 7.9% | 6.7% | 10.8% | 19.1% | 11.2% | 10.8% | 21.8% |
| Monthly per capital enterprise income (USD) | 170 | 168 | 165 | 160 | 143 | 322 | 323 | 2,268 | 267 |
| By seniority | |||||||||
| Less than 1 yr | 152 | 150 | 141 | 152 | 125 | 304 | 311 | 2,058 | 232 |
| 1 to 3 yrs | 166 | 159 | 166 | 155 | 162 | 319 | 294 | 2,403 | 269 |
| 4 or more yrs | 198 | 197 | 207 | 175 | 122 | 439 | 381 | 2,769 | 311 |
| By economic vulnerability | |||||||||
| Less Extremely poor | 26 | 14 | 35 | 33 | 32 | 45 | 49 | 169 | 15 |
| Poor | 65 | 49 | 74 | 75 | 72 | 76 | 102 | 479 | 54 |
| Vulnerable | 143 | 114 | 146 | 166 | 155 | 178 | 231 | 1,195 | 123 |
| Others | 469 | 440 | 469 | 457 | 495 | 527 | 650 | 4,703 | 411 |
| Average disbursement by client (USD) | 1,599 | 1,356 | 1,995 | 735 | 706 | 1,520 | 1,625 | 1,492 | 1,561 |
| By economic vulnerability | |||||||||
| Extremely poor | 693 | 624 | 1,824 | 369 | 469 | 626 | 994 | 1,670 | |
| Poor | 803 | 865 | 1,282 | 503 | 539 | 614 | 1,083 | 1,539 | 1,044 |
| Vulnerable | 1,512 | 1,326 | 2,792 | 774 | 636 | 836 | 1,466 | 1,944 | 1,414 |
| Others | 3,282 | 2,178 | 8,707 | 1,240 | 737 | 1,433 | 2,184 | 3,060 | 1,701 |
| Average saving (USD) | |||||||||
| Total Clients | 67 | 16 | 374 | 52 | |||||
| Credit Clients | 27 | 16 | 364 | 41 | |||||
| Increase in savings over last 2 years (CAGR) | 26.4% | 4.6% | 11.7% | 33.4% |
| BBVAMF | Bancamía | Fin. Conf | Adopem | F.Esperanza | Emprende | Microserfin | Microfinanzas PR | Contigo | |
|---|---|---|---|---|---|---|---|---|---|
| Economic activity | |||||||||
| Agriculture | 14% | 20.6% | 19.7% | 3.7% | 18.4% | 27.5% | 0.4% | ||
| Retail & wholesale trade | 56.6% | 46.7% | 48.0% | 78.5% | 66.5% | 50.4% | 28.5% | 35.1% | 79.6% |
| Production / Transformation | 11.7% | 14.8% | 10.0% | 0.3% | 26.2% | 19.3% | 25.3% | 12.8% | 8.6% |
| Services | 17.7% | 17.9% | 22.4% | 17.5% | 7.2% | 11.9% | 18.7% | 51.7% | 11.7% |
| Employment generated (nº people) | 119,214 | 38,705 | 45,481 | 17,831 | 8,267 | 8,267 | 1,753 | 28 | |
| % of clients reporting employee information | 55% | 84% | 92% | 100% | 93% | 98% | 100% | 99% | |
| Nr employees employed (extrapolated to 100% clients | 214,817 | 46,053 | 49,231 | 17,831 | 8,909 | 7,263 | 1,753 | 28 | |
| Monthly sales (USD) | 1,512 | 2,013 | 1,308 | 834 | 1,807 | 1,886 | 4,819 | 4,556 | |
| By economic vulnerability | |||||||||
| Extremely poor | 502 | 558 | 539 | 519 | 366 | 594 | 883 | 1,154 | 647 |
| Poor | 779 | 754 | 736 | 870 | 594 | 676 | 1,236 | 1,748 | 1,407 |
| Vulnerable | 1,451 | 1,211 | 1,882 | 1,423 | 1,017 | 1,164 | 1,808 | 3,426 | 3000 |
| Others | 3,279 | 2,841 | 5,880 | 2,419 | 1,868 | 2,441 | 2,524 | 9,030 | 4,016 |
| Assets (USD) | |||||||||
| By economic vulnerability | |||||||||
| Extremely poor | 2,835 | 1,979 | 7,282 | 2,579 | 598 | 3,529 | 11,156 | 26,390 | |
| Poor | 3,352 | 2,781 | 5,130 | 3,008 | 888 | 2,308 | 10,665 | 24,735 | 23,363 |
| Vulnerable | 6,663 | 5,188 | 10,673 | 5,047 | 1,438 | 3,972 | 12,723 | 33,686 | 12,383 |
| Others | 14,378 | 10,414 | 31,778 | 8,039 | 2,376 | 8,179 | 16,950 | 31,194 | 12,429 |
| Net income expenses (as % of sales) | |||||||||
| % Expenses | 60.6% | 63.4% | 61.9% | 61.4% | 46.6% | 48.5% | 55.4% | 22.9% | 76.3% |
| % Net income | 30.1% | 29.2% | 25.9% | 33.5% | 30.6% | 45.0% | 38.4% | 71.2% | 15.9% |
| % Loan installment | 9.4% | 7.4% | 12.2% | 5.1% | 23.0% | 6.5% | 6.3% | 6.0% | 7.9% |
| Capital structure | |||||||||
| Equity / Assets | 84.5% | 79.9% | 86.3% | 90.9% | 89.2% | 73.6% | 92.7% | ||
| Liabilities / Assets | 15.4% | 19.9% | 13.7% | 9.1% | 10.8% | 26.4% | 7.3% |
| BBVAMF | Bancamía | Fin. Conf | Adopem | F.Esperanza | Emprende | Microserfin | Microfinanzas PR | Contigo | |
|---|---|---|---|---|---|---|---|---|---|
| Client retention | |||||||||
| First year | 66.0% | 79.4% | 56.9% | 73.3% | 56.9% | 62.5% | 69.8% | 69.7% | |
| Second year | 40.9% | 46.9% | 31.2% | 55.5% | 31.2% | 36.9% | 41.0% | 39.5% | |
| Third year | 27.7% | 30.1% | 19.6% | 42.3% | 19.6% | 24.9% | 29.4% | 25.5% | |
| Fourth year | 20.6% | 21.5% | 13.7% | 33.5% | 13.7% | 17.3% | 22.9% | 17.0% | |
| Clients by type of product | |||||||||
| Credit, savings and insurance | 41.5% | 79.7% | 20.0% | 24.8% | |||||
| Credit and savings | 29.0% | 8.2% | 37.6% | 71.9% | |||||
| Credit and insurance | 7.3% | 10.7% | 12.4% | 0.1% | 2.6% | ||||
| Credit only | 22.2% | 1.5% | 30.0% | 3.2% | 97.4% | 100.0% | 100.0% | 100.0% | 100.0% |
| Improve their access to health after two years | 14.9% | 14.95% | 9.79% | ||||||
| Improve their access to housing after two years | 6.3% | 6.0% | 2.2% | 6.9% | 6.1% | ||||
| Improve their education after two years | 8.3% | 8.3% | 6.8% | 5.8% | 13.4% | ||||
| Creating jobs after two years | 8.3% | 8.3% | 6.8% | 5.8% | 13.4% | ||||
| Monthly sales growth (CAGR) | 16.2% | 16.9% | 16.0% | 20.2% | 10.6% | 9.2% | 7.5% | 8.3% | |
| Asset growth (CAGR) | 29.5% | 30.7% | 33.7% | 30.5% | 7.3% | 12.1% | 15.3% | 62.2% | |
| Montly net income grawth (CAGR) | 15.7% | 15.0% | 10.0% | 24.3% | 17.6% | 11.6% | 3.6% | 11.0% | |
| Clients overcoming poverty after two years | 32.5% | 33.1% | 24.4% | 35.2% | 36.3% | 14.4% | |||
| Urban Poverty Lines | |||||||||
| Rural | |||||||||
| Extremely poor | 35.2 | 26.4 | 40.2 | 44.7 | 43.3 | 43.3 | 58.8 | ||
| Poor | 62.5 | 45.5 | 66.3 | 92.2 | 64.8 | 64.8 | 105.2 | ||
| Urban | |||||||||
| Extremely poor | 41.9 | 32.5 | 49.6 | 46.7 | 56.2 | 56.2 | 69.5 | 320.4 | 32.1 |
| Poor | 89.1 | 76.0 | 96.3 | 103.7 | 93.5 | 93.5 | 141.5 | 640.8 | 64.8 |
The information provided is based on quarterly reporting of BBVAMF’s underlying microfinance institutions (the BBVAMF Group or BBVAMFG) and has been collated rigorously, after undergoing detailed checks for accuracy and consistency with external sources. The data has been carefully investigated and corrected for measurement problems, to guarantee its quality. However, heterogeneous databases and processes as well as legal realities have in some cases limited the data available for analysis. The BBVAMF impact assessment team has taken steps in the data gathering process to mitigate possible reporting biases. Further details on specific data limitations can be found in the detailed report.
