In FY 2015, 1033 institutions reported to MIX. These institutions reported an outreach of 116.6 million borrowers who have access to credit products, corresponding to a gross loan portfolio of USD 92.4 billion.
These financial service providers (FSPs) also have saving products that reach 98.4 million depositors and account for USD 58.9 billion of deposits. The South Asia region continues to have greater coverage in the microfinance sector with the primary focus on serving female borrowers, representing 92.0%.
Over the year, FSPs in the industry have experienced a decline in outreach as compared to previous years both in terms of actual numbers reported by the FSPs as well as the projections made by institutions during the year as per MIX’s Barometer Forecast, a quarterly report. At a global level, FSPs reporting to MIX Market recorded an annual growth of 8.6% in the loan portfolio and 13.5% in borrowers.