MIX
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The Mix
Microfinance is the practice of providing financial services (credit, insurance and banking facilities) in very small amounts to poorer people, usually in developing countries. In particular, microfinance involves loaning small amounts to entrepreneurs who have no access to credit so they can establish, operate or expand a business.
MIX is a nonprofit organization created to increase the financial transparency, and therefore accountability, of microfinance organizations. MIX Market is its Web-based information platform that collects information from more than 1,000 such institutions, including their financial data, audited results and data relating to their social impact (such as the percentage of women borrowers). Microfinance institutions that join make information about their activities public and can compare their performance with that of similar organizations.
