Renso Martínez Ramírez, Operations Manager and Regional Manager, Latin America and the Caribbean
MIX and the Multilateral Investment Fund (MIF), a member of the IDB Group, are pleased to present the “Latin America and the Caribbean Microfinance Market Trends 2007 – 2012” report, an update to the trend report published in June 2012
Mexico and Bangladesh are currently tied for the title of second place in global social performance (SP) profile reporting. As of mid-March 2013, 41 Mexican microfinance institutions (MFIs) have submitted SP profile data to MIX—only India can boast more (with 74). This article examines Mexican SP profile information in conjunction with quantitative SP and financial data in order to shed light on the state of social performance management (SPM) in Mexico. It begins with a brief description of the MFIs submitting SP profile data to MIX. Next, it evaluates the ability of Mexican MFIs to track and report on social outcomes related to specific development goals. It then takes a closer look at the most popular of these goals, financial inclusion, before moving on to examine indicators related to social responsibility to staff. It concludes by emphasizing the need to improve outcome tracking in general and client poverty measurement in particular and by proposing further research on Mexico’s elevated rates of staff turnover.