In 2016, Mexico introduced its national financial inclusion strategy, which is supported by six 'pillars': (1) financial education, (2) technological innovation, (3) the development of financial infrastructure in underserved areas, (4) increased access and use of formal financial services for the underserved and excluded populations, (5) c
The number of active borrowers declined by 35.91% from FY2015 to FY2016. Much of the decline was attributed to large-scale financial service providers, while medium- and small-scale financial service providers reported growth during the same time period.
Over the past few years, the number of Microfinance Institutions (MFIs) and Credit Unions in Kyrgyzstan declined. Now there 172 MFIs and 118 Credit Unions. During FY2016, the number of MFIs decreased mainly due to the revocation of certificates of account registration due to non-compliance with requirements.
Responding institutions represent 82% of the market by gross loan portfolio and 82% of the market by borrowers as of FY 2015. Similar to previous forecasts, the respondents project slow growth in borrower levels during the quarter. Non-bank financial institutions (NBFIs) project stronger growth in borrowers and in the loan portfolio when compared to the projections of other institution types.
Similar to previous forecasts, the respondents project slow growth in Borrower levels during the quarter. Non-banking financial institutions (NBFIs) project stronger growth in Borrowers in long term, when compared to the projections of other institution types. Banks expect significant growth in Gross Loan Portfolio over the next twelve months.
Fifty nine financial service providers responded to the Barometer Forecast survey, providing projections for the quarter ending December 2017. These financial service providers report that client-indebtedness is their primary concern for risk in the coming quarter.
This Barometer Forecast is based on projections from 15 financial service providers for the quarter ending in December 2017. These financial service providers represent 56% of the market by Gross Loan Portfolio and 56% of the market by Borrowers as of FY2015. Financial service providers in Pakistan expect lower growth in Borrowers during the quarter. However, non-bank financial institutions (NBFIs) and NGOs expect Borrowers to increase significantly over the next twelve months.
The Barometer Forecast is based on 18 institutions that have responded to the survey and projected for the quarter ending in December 2017 quarter. These financial institutions represent 75% of the market by gross loan portfolio and 71% of the market by borrowers as of FY2015. Respondents have continued to cite competition for outreach factor and client-indebtedness for the risk factors as the primary factor.