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Quality Growth and Sustainable Development
Asia-‐Pacific Economic Coopera?on APEC 2016
Peruvian Network for Asia Pacific Studies (REDAP) and
Peruvian APEC Study Center Arequipa, Perú 5-‐6 de mayo 2016
Sustainable Development Goals: Ins?tu?onal Investors and Microfinance Ins?tu?ons
Alicia Girón Seminario Universitario de Estudios Asiá?cos Universidad Nacional Autónoma de México
Asia-‐Pacific Economic Coopera?on 2016
Sustainable Development Goals:
Ins?tu?onal Investors and Microfinance Ins?tu?ons
• 1. SUSTAINABLE DEVELOPMENT GOALS • II. INSTITUTIONAL INVESTORS AND MICROFINANCE INSTITUTIONS
• III. THE TIME IS NOW. HOW WE CAN REACH WOMEN ECONOMIC EMPOWERMENT?
• IV. CLOSING REMARKS
Asia-‐Pacific Economic Coopera?on 2016
hypothesis
• Money does not fall from helicopter • Interest, fiscal & monetary …working together • Finance for development: banks & ins?tu?onal investors
Asia-‐Pacific Economic Coopera?on 2016
APEC Flag Country Currency
Australia Dólar australiano
Brunéi Dólar de Brunéi
Canadá Dólar canadiense
Indonesia Rupia indonesia
Japón Yen
República de Corea Won surcoreano
Malasia Ringgit
Nueva Zelanda Dólar neozelandés República de Filipinas Peso filipino
Singapur Dólar de Singapur
Reino de Tailandia Baht tailandés Estados Unidos de América
Dólar estadounidense
Flag Country Currency China Taipéi
Hong Kong Dólar de Hong Kong República Popular China Renminbi o Yuan
México Peso Papúa Nueva Guinea Kina
Chile Peso
Perú Sol
Rusia Rublo ruso
Vietnam Đồng vietnamita
-‐
• 1. SUSTAINABLE DEVELOPMENT GOALS
Asia-‐Pacific Economic Coopera?on 2016
. SUSTAINABLE DEVELOPMENT GOALS
• . SUSTAINABLE DEVELOPMENT GOALS
Asia-‐Pacific Economic Coopera?on 2016
• • II. INSTITUTIONAL INVESTORS
AND MICROFINANCE INSTITUTIONS
Asia-‐Pacific Economic Coopera?on 2016
II. INSTITUTIONAL INVESTORS AND MICROFINANCE INSTITUTIONS
Asia-‐Pacific Economic Coopera?on 2016
MICROFINANCE INSTITUTIONS 2015
Region Number of
Microfinance Institutions
Assets (U.S. dollar)
ROE %
ROA %
Profit margin %
Women borrowers
%
Africa 122 9,588,460,472 -‐1.16% 0.31% 2.08% 47.16%
East Asia and the Pacific 70 8,921,815,344 8.09% 1.89% 7.55% 64.16%
Eastern Europe and Central Asia 64 11,397,122,753 -‐8.20% 0.49% -‐5.84% 45.04%
La?n America and The Caribbean 208 49,310,909,445 1.79% 0.79% 5.64% 64.09%
Middle East and North Africa 22 1,884,205,102 11.10% 6.06% 21.86% 59.81%
South Asia 187 13,894,725,193 22.51% 4.56% 15.54% 60.17%
Total 673 94,997,238,309 5.53% 1.83% 6.40% 56.68% Source: Data from Mixmarket:
TABLE NO. 1 MFIs APEC-‐ASSETS 2015
Country Assets usd ROE
% ROA %
Profit margin %
Women borrowers
% Summary APEC 9.1 billon 9.60% 6.10% 10.80% 74%
Chile* BancoEstado 1,787 0.6% 6.0% 11.7% 39.6% Fondo Esperanza 51.2 0.6% 1.2% -‐0.4% 84.5% Emprende Microfinanzas 14.6 -‐4.4% -‐6.6% -‐21.9% 62.6%
Total 1,853 -‐1.1% 0.2% -‐3.5% 62.2% China, People's Republic of
Fullerton SC 446.8 -‐0.9% -‐0.4% -‐2.6% 23.8% Fullerton CQ 400.6 -‐14.2% -‐5.9% -‐53.0% 24.9% Fullerton HB 343.9 3.4% 1.1% 9.5% 20.9% MicroCred -‐ Nanchong 97.9 13.1% 5.5% 37.0% 29.3% MicroCred -‐ Sichuan 52.5 -‐11.2% -‐4.0% -‐25.8% 29.8% Total 1,342 -‐1.9% -‐0.7% -‐7.0% 25.7%
Indonesia MBK Ventura 188 35.3% 7.9% 26.7% 100.0%
Malaysia** AIM 461 5.1% 30.1% 0.4516 100.0%
Mexico Compartamos Banco 3,165 32.27% 11.60% 24.95% 88.21% CrediConua 30.7 -‐40.80% -‐18.65% -‐33.92% 79.27% Total 3,196 -‐4.27% -‐3.53% -‐4.49% 83.74%
Peru Financiera Confianza 1,072 2.45% 0.37% 3.75% 52.17% Financiera Crear 620.3 10.99% 2.46% 11.02% 77.60% COOPAC Norandino 29.1 4.09% 0.80% 4.12% 19.25% ADRA -‐ PER 15.3 -‐1.19% -‐0.69% -‐0.91% 98.86% FINCA -‐ PER 12.4 9.80% 7.55% 18.11% 88.00% Total 1,751 5.23% 2.10% 7.22% 67.18%
Country Assets usd ROE
% ROA %
Profit margin %
Women borrower
s % Summary APEC 9.1 billon 9.60% 6.10% 10.80% 74%
Philippines ASA Philippines 121 44.8% 6.8% 25.0% 100.0%
Russia* Liski Fund 208.7 22.89% 33.3% FINCA -‐ Russia 25.9 -‐9.1% -‐54.5% -‐22.28% 54.7% FFECC 16.8 2.4% 14.7% 9.69% 76.0% Garantee Agency of Nizhniy Novgorod 12.3 1.0% 1.0% 16.96% 20.9%
CITY SBERKASSA 7.9 -‐0.02% 20.8% Bryanskiy Fond Mikrozaymov 6.7 4.3% 4.4% 56.18% 25.0%
SBS 5.0 1.8% 9.6% 6.74% 40.0% VRFSBS 4.2 -‐0.6% -‐0.8% 0.39% 31.8% FINPO 3.6 0.09% 71.6% Avantaj 2.1 3.7% 22.5% 14.37% 20.9% Perm Center 2.0 -‐78.53% 41.7% Noviy Mir 1.4 1.0% 1.0% 10.86% 21.4% Golden State Microfinance 1.0 0.22% 23.1%
Green Capital Assistance 0.8 -‐344.71% 41.3%
Semiluki Fund 0.5 19.69% 20.8% Ramon Fund 0.4 8.98% 52.9% Boguchar Fund 0.4 5.31% 49.1% Bobrov Fund 0.3 8.28% 50.0% Rossosh Fund 0.3 -‐10.91% 48.4% Borisoglebsk Fund 0.3 12.57% 50.0% Kalach Fund 0.2 3.00% 58.7% Total 301 0.6% -‐0.3% -‐12.39% 40.6%
Thailand* SED 1.8 2.4% 12.4% 0.2053 87.0% Source: Data from Mixmarket: Notes: * Data related to 2014; ** Data related to 2010
TABLE NO. 2 MFIs APEC-‐PROFIT MARGIN 2015
Country Assets usd ROE
% ROA %
Profit margin %
Women borrowers
% Summary APEC 9.1 billon 9.60% 6.10% 10.80% 74%
Chile* BancoEstado 1,787 0.6% 6.0% 11.72% 39.6% Fondo Esperanza 51.2 0.6% 1.2% -‐0.37% 84.5% Emprende Microfinanzas 14.6 -‐4.4% -‐6.6% -‐21.92% 62.6%
Total 1,853 -‐1.1% 0.2% -‐3.5% 62.2% China, People's Republic of
MicroCred -‐ Nanchong 97.9 13.1% 5.5% 36.97% 29.3%
Fullerton HB 343.9 3.4% 1.1% 9.55% 20.9% Fullerton SC 446.8 -‐0.9% -‐0.4% -‐2.58% 23.8% MicroCred -‐ Sichuan 52.5 -‐11.2% -‐4.0% -‐25.81% 29.8% Fullerton CQ 400.6 -‐14.2% -‐5.9% -‐52.95% 24.9% Total 1,342 -‐1.9% -‐0.7% -‐7.0% 25.7%
Indonesia MBK Ventura 188.2 35.3% 7.9% 26.69% 100.0%
Malaysia** AIM 461.0 5.1% 30.1% 45.16% 100.0%
Mexico Compartamos Banco 3,165 32.27% 11.60% 24.95% 88.21%
CrediConua 30.7 -‐40.80% -‐18.65% -‐33.92% 79.27% Total 3,196 -‐4.27% -‐3.53% -‐4.49% 83.74%
Peru FINCA -‐ PER 12.4 9.80% 7.55% 18.11% 88.00% Financiera Crear 620.3 10.99% 2.46% 11.02% 77.60% COOPAC Norandino 29.1 4.09% 0.80% 4.12% 19.25% Financiera Confianza 1,073.9 2.45% 0.37% 3.75% 52.17% ADRA -‐ PER 15.3 -‐1.19% -‐0.69% -‐0.91% 98.86% Total 1,751 5.23% 2.10% 7.22% 67.18%
Country Assets usd ROE
% ROA %
Profit margin %
Women borrowers
% Summary APEC 9.1 billon 9.60% 6.10% 10.80% 74%
Philippines ASA Philippines 121.4 44.75% 6.82% 25.02% 100.0%
Russia* Bryanskiy Fond Mikrozaymov
6.73 4.34% 4.35% 56.18% 25.00%
Liski Fund 208.67 22.89% 33.33% Semiluki Fund 0.50 19.69% 20.75% Garantee Agency of Nizhniy Novgorod 12.32 0.96% 0.96% 16.96% 20.93%
Avantaj 2.09 3.66% 22.49% 14.37% 20.92% Borisoglebsk Fund 0.26 12.57% 50.00% Noviy Mir 1.41 0.98% 0.98% 10.86% 21.37% FFECC 16.79 2.36% 14.67% 9.69% 76.02% Ramon Fund 0.39 8.98% 52.94% Bobrov Fund 0.31 8.28% 50.00% SBS 5.03 1.81% 9.61% 6.74% 40.03% Boguchar Fund 0.35 5.31% 49.09% Kalach Fund 0.23 3.00% 58.70% VRFSBS 4.15 -‐0.56% -‐0.81% 0.39% 31.76% Golden State Microfinance
1.02 0.22% 23.08%
FINPO 3.61 0.09% 71.64% CITY SBERKASSA 7.94 -‐0.02% 20.79% Rossosh Fund 0.27 -‐10.91% 48.39% FINCA -‐ Russia 25.94 -‐9.09% -‐54.46% -‐22.28% 54.69% Perm Center 2.04 -‐78.53% 41.70% Green Capital Assistance
0.78 -‐344.71% 41.29%
Total 300.84 0.56% -‐0.28% -‐12.39% 40.59% Thailand*
SED 1.8 2.4% 12.4% 20.53% 87.0% Source: Data from Mixmarket: Notes: * Data related to 2014; ** Data related to 2010
TABLE NO. 3. MFIs APEC-‐ROA 2015
Country Assets usd ROE
% ROA %
Profit margin %
Women borrowers
% Summary APEC 9.1 billon 9.60% 6.10% 10.80% 74%
Chile* BancoEstado 1,787 0.6% 6.0% 11.72% 39.6% Fondo Esperanza 51.2 0.6% 1.2% -‐0.37% 84.5% Emprende Microfinanzas
14.6 -‐4.4% -‐6.6% -‐21.92% 62.6%
Total 1,853 -‐1.1% 0.2% -‐3.5% 62.2% China, People's Republic of
MicroCred -‐ Nanchong
97.9 13.1% 5.5% 36.97% 29.3%
Fullerton HB 343.9 3.4% 1.1% 9.55% 20.9% Fullerton SC 446.8 -‐0.9% -‐0.4% -‐2.58% 23.8% MicroCred -‐ Sichuan 52.5 -‐11.2% -‐4.0% -‐25.81% 29.8% Fullerton CQ 400.6 -‐14.2% -‐5.9% -‐52.95% 24.9% Total 1,342 -‐1.9% -‐0.7% -‐7.0% 25.7%
Indonesia MBK Ventura 188.2 35.3% 7.9% 26.69% 100.0%
Malaysia** AIM 461 5.1% 30.1% 45.16% 100.0%
Mexico Compartamos Banco 3,165 32.27% 11.60% 24.95% 88.21%
CrediConua 30.7 -‐40.80% -‐18.65% -‐33.92% 79.27% Total 3,196 -‐4.27% -‐3.53% -‐4.49% 83.74%
Peru FINCA -‐ PER 12.4 9.80% 7.55% 18.11% 88.00% Financiera Crear 620.3 10.99% 2.46% 11.02% 77.60% COOPAC Norandino 29.1 4.09% 0.80% 4.12% 19.25% Financiera Confianza 1,074 2.45% 0.37% 3.75% 52.17% ADRA -‐ PER 15.3 -‐1.19% -‐0.69% -‐0.91% 98.86% Total 1,751 5.23% 2.10% 7.22% 67.18%
Country Assets usd ROE
% ROA %
Profit margin %
Women borrowers
% Summary APEC 9.1 billon 9.60% 6.10% 10.80% 74%
Philippines ASA Philippines 121.4 44.75% 6.82% 25.02% 100.0%
Russia* Avantaj 2.09 3.66% 22.49% 14.37% 20.92% FFECC 16.79 2.36% 14.67% 9.69% 76.02% SBS 5.03 1.81% 9.61% 6.74% 40.03% Bryanskiy Fond Mikrozaymov
6.73 4.34% 4.35% 56.18% 25.00%
Noviy Mir 1.41 0.98% 0.98% 10.86% 21.37% Garantee Agency of Nizhniy Novgorod 12.32 0.96% 0.96% 16.96% 20.93%
VRFSBS 4.15 -‐0.56% -‐0.81% 0.39% 31.76% FINCA -‐ Russia 25.94 -‐9.09% -‐54.46% -‐22.28% 54.69% Liski Fund 208.67 22.89% 33.33% Semiluki Fund 0.50 19.69% 20.75% Borisoglebsk Fund 0.26 12.57% 50.00% Ramon Fund 0.39 8.98% 52.94% Bobrov Fund 0.31 8.28% 50.00% Boguchar Fund 0.35 5.31% 49.09% Kalach Fund 0.23 3.00% 58.70% Golden State Microfinance
1.02 0.22% 23.08%
FINPO 3.61 0.09% 71.64% CITY SBERKASSA 7.94 -‐0.02% 20.79% Rossosh Fund 0.27 -‐10.91% 48.39% Perm Center 2.04 -‐78.53% 41.70% Green Capital Assistance
0.78 -‐344.71% 41.29%
Total 300.84 0.56% -‐0.28% -‐12.39% 40.59% Thailand*
SED 1.8 2.4% 12.4% 20.53% 87.0% Source: Data from Mixmarket: Notes: * Data related to 2014; ** Data related to 2010
TABLE NO. 4 MFIs APEC-‐ROE 2015
Country Assets usd ROE
% ROA %
Profit margin %
Women borrowers
% Summary APEC 9.1 billon 9.60% 6.10% 10.80% 74%
Chile* BancoEstado 1,787 0.6% 6.0% 11.72% 39.6% Fondo Esperanza 51.2 0.6% 1.2% -‐0.37% 84.5% Emprende Microfinanzas
14.6 -‐4.4% -‐6.6% -‐21.92% 62.6%
Total 1,853 -‐1.1% 0.2% -‐3.5% 62.2% China, People's Republic of
MicroCred -‐ Nanchong
97.9 13.1% 5.5% 36.97% 29.3%
Fullerton HB 343.9 3.4% 1.1% 9.55% 20.9% Fullerton SC 446.8 -‐0.9% -‐0.4% -‐2.58% 23.8% MicroCred -‐ Sichuan 52.5 -‐11.2% -‐4.0% -‐25.81% 29.8% Fullerton CQ 400.6 -‐14.2% -‐5.9% -‐52.95% 24.9% Total 1,342 -‐1.9% -‐0.7% -‐7.0% 25.7%
Indonesia MBK Ventura 188.2 35.3% 7.9% 26.69% 100.0%
Malaysia** AIM 461.0 5.1% 30.1% 45.16% 100.0%
Mexico Compartamos Banco 3,165 32.27% 11.60% 24.95% 88.21%
CrediConua 30.7 -‐40.80% -‐18.65% -‐33.92% 79.27% Total 3,196 -‐4.27% -‐3.53% -‐4.49% 83.74%
Peru Financiera Crear 620.3 10.99% 2.46% 11.02% 77.60% FINCA -‐ PER 12.4 9.80% 7.55% 18.11% 88.00% COOPAC Norandino 29.1 4.09% 0.80% 4.12% 19.25% Financiera Confianza 1,074 2.45% 0.37% 3.75% 52.17%
ADRA -‐ PER 15.3 -‐1.19% -‐0.69% -‐0.91% 98.86% Total 1,751 5.23% 2.10% 7.22% 67.18%
Country Assets usd ROE
% ROA %
Profit margin %
Women borrowers
% Summary APEC 9.1 billon 9.60% 6.10% 10.80% 74%
Philippines ASA Philippines 121.4 44.75% 6.82% 25.02% 100.0%
Russia* Bryanskiy Fond Mikrozaymov
6.73 4.34% 4.35% 56.18% 25.00%
Avantaj 2.09 3.66% 22.49% 14.37% 20.92% FFECC 16.79 2.36% 14.67% 9.69% 76.02% SBS 5.03 1.81% 9.61% 6.74% 40.03% Noviy Mir 1.41 0.98% 0.98% 10.86% 21.37% Garantee Agency of Nizhniy Novgorod 12.32 0.96% 0.96% 16.96% 20.93%
VRFSBS 4.15 -‐0.56% -‐0.81% 0.39% 31.76% FINCA -‐ Russia 25.94 -‐9.09% -‐54.46% -‐22.28% 54.69% Liski Fund 208.67 22.89% 33.33% Semiluki Fund 0.50 19.69% 20.75% Borisoglebsk Fund 0.26 12.57% 50.00% Ramon Fund 0.39 8.98% 52.94% Bobrov Fund 0.31 8.28% 50.00% Boguchar Fund 0.35 5.31% 49.09% Kalach Fund 0.23 3.00% 58.70% Golden State Microfinance
1.02 0.22% 23.08%
FINPO 3.61 0.09% 71.64% CITY SBERKASSA 7.94 -‐0.02% 20.79% Rossosh Fund 0.27 -‐10.91% 48.39% Perm Center 2.04 -‐78.53% 41.70% Green Capital Assistance
0.78 -‐344.71% 41.29%
Total 300.84 0.56% -‐0.28% -‐12.39% 40.59% Thailand*
SED 1.8 2.4% 12.4% 20.53% 87.0% Source: Data from Mixmarket: Notes: * Data related to 2014; ** Data related to 2010
TABLE NO. 5 MFIs APEC-‐WOMEN BORROWERS 2015
Country Assets usd ROE
% ROA %
Profit margin %
Women borrowers
% Summary APEC 9.1 billon 9.60% 6.10% 10.80% 74%
Chile* Fondo Esperanza 51.2 0.6% 1.2% -‐0.37% 84.5% Emprende Microfinanzas
14.6 -‐4.4% -‐6.6% -‐21.92% 62.6%
BancoEstado 1,787 0.6% 6.0% 11.72% 39.6% Total 1,853 -‐1.1% 0.2% -‐3.5% 62.2%
China, People's Republic of MicroCred -‐ Nanchong
97.9 13.1% 5.5% 36.97% 29.3%
Fullerton HB 343.9 3.4% 1.1% 9.55% 20.9% Fullerton SC 446.8 -‐0.9% -‐0.4% -‐2.58% 23.8% MicroCred -‐ Sichuan 52.5 -‐11.2% -‐4.0% -‐25.81% 29.8% Fullerton CQ 400.6 -‐14.2% -‐5.9% -‐52.95% 24.9% Total 1,342 -‐1.9% -‐0.7% -‐7.0% 25.7%
Indonesia MBK Ventura 188.2 35.3% 7.9% 26.69% 100.0%
Malaysia** AIM 461.0 5.1% 30.1% 45.16% 100.0%
Mexico Compartamos Banco 3,165 32.27% 11.60% 24.95% 88.21%
CrediConua 30.7 -‐40.80% -‐18.65% -‐33.92% 79.27% Total 3,196 -‐4.27% -‐3.53% -‐4.49% 83.74%
Peru ADRA -‐ PER 15.3 -‐1.19% -‐0.69% -‐0.91% 98.86% FINCA -‐ PER 12.4 9.80% 7.55% 18.11% 88.00% Financiera Crear 620.3 10.99% 2.46% 11.02% 77.60% Financiera Confianza 1,074 2.45% 0.37% 3.75% 52.17% COOPAC Norandino 29.1 4.09% 0.80% 4.12% 19.25%
Total 1,751 5.23% 2.10% 7.22% 67.18%
Country Assets usd ROE
% ROA %
Profit margin %
Women borrowers
% Summary APEC 9.1 billon 9.60% 6.10% 10.80% 74%
Philippines ASA Philippines 121.4 44.75% 6.82% 25.02% 100.0%
Russia* FFECC 16.8 2.36% 14.67% 9.69% 76.02% FINPO 3.6 0.09% 71.64% Kalach Fund 0.2 3.00% 58.70% FINCA -‐ Russia 25.9 -‐9.09% -‐54.46% -‐22.28% 54.69% Ramon Fund 0.4 8.98% 52.94% Borisoglebsk Fund 0.3 12.57% 50.00%
Bobrov Fund 0.3 8.28% 50.00% Boguchar Fund 0.4 5.31% 49.09% Rossosh Fund 0.3 -‐10.91% 48.39% Perm Center 2.0 -‐78.53% 41.70% Green Capital Assistance
,0.8 -‐344.71% 41.29%
SBS 5.0 1.81% 9.61% 6.74% 40.03% Liski Fund 208.7 22.89% 33.33% VRFSBS 4.2 -‐0.56% -‐0.81% 0.39% 31.76% Bryanskiy Fond Mikrozaymov
6.7 4.34% 4.35% 56.18% 25.00%
Golden State Microfinance
1.0 0.22% 23.08%
Noviy Mir 1.4 0.98% 0.98% 10.86% 21.37% Garantee Agency of Nizhniy Novgorod 12.3 0.96% 0.96% 16.96% 20.93%
Avantaj 2.1 3.66% 22.49% 14.37% 20.92% CITY SBERKASSA 7.9 -‐0.02% 20.79% Semiluki Fund 0.5 19.69% 20.75% Total 300.8 0.56% -‐0.28% -‐12.39% 40.59%
Thailand* SED 1.8 2.4% 12.4% 20.53% 87.0% Source: Data from Mixmarket: Notes: * Data related to 2014; ** Data related to 2010
III. THE TIME IS NOW. HOW WE CAN REACH WOMEN ECONOMIC
EMPOWERMENT?
Asia-‐Pacific Economic Coopera?on 2016
Perú
•
Asia-‐Pacific Economic Coopera?on 2016
• • IV. CLOSING REMARKS
Asia-‐Pacific Economic Coopera?on 2016
IMF, WB, OECD, WFE, ILO Ins?tu?onal Investors
United Na?ons
Sustainable Developments Goals
2015-‐2030
Asia-‐Pacific Economic Coopera?on 2016
Arequipa, Perú 2016
•
Asia-‐Pacific Economic Coopera?on 2016