Microfinance Information Exchange Promoting financial inclusion through data and insight

XBRL

XBRL

MIX uses XBRL (eXtensible Business Reporting Language) for our data collection. XBRL is a business reporting language created specifically to streamline the exchange and analysis of financial information and is a core technology for MIX’s data collection and presentation. XBRL is becoming the standard reporting mechanism for global financial sectors, and by adopting XBRL-based data collection, MIX is introducing a standard reporting framework and helping microfinance become more fully integrated into mainstream markets. Large-scale organizations throughout the world have implemented XBRL reporting, including the FDIC (Federal Deposit Insurance Corporation) and SEC (Securities and Exchange Commission) in the United States, The Tokyo Stock Exchange and Shenzhen Stock Exchange in Asia, and the Bank of Spain and National Bank of Belgium in Europe. For more on our use of XBRL see the presentation below from the 19th XBRL International Conference. A case study about how we use XBRL for the microfinance sector is posted on the XBRL International site here, and also below. The MIX Microfinance Taxonomy has been acknowledged by XBRL International. The taxonomy is visible on external taxonomy viewers, such as:

For any comments or questions, please contact xbrl@themix.org. For more on XBRL in general, we recommend: XBRL International or XBRL Wiki.