In 2016, Tajikistan’s economy was characterized by a rapid devaluation of the national currency early in the year and the crisis of several banks of systemic significance. According to official data, Tajikistan's economy grew at a rate of 6-7% in 2016.
MIX and One Acre Fund announced today the launch of the Smallholder Finance Product Explorer, a new, centralized directory where the agricultural finance industry can, for the first time, access detailed information on existing smallholder finance products. The goal of this new resource, which is available through the popular MIX Market platform, is to make accessible operationally useful information in order to inspire the development of new financial products for smallholder farmers and improve existing ones.
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.