Microfinance Information Exchange, Inc. (commonly known by its acronym MIX) was a

non-profit organization A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or so ...

that provided market data and intelligence on financial service providers catering to low-income populations around the world. Founded by the Consultative Group to Assist the Poor (CGAP) and sponsored by the Citi Foundation, CGAP, the

Mastercard Foundation The Mastercard Foundation is an international non-governmental organization established by Mastercard in 2006. It is the wealthiest charitable foundation in Canada, and one of the wealthiest in the world, with 2024 assets of $47 billion. The or ...

, MetLife Foundation,

Bill & Melinda Gates Foundation The Gates Foundation is an American private foundation founded by Bill Gates and Melinda French Gates. Based in Seattle, Washington, it was launched in 2000 and is reported to be the third largest charitable foundation in the world, holding $ ...

and others, MIX had offices in

Washington DC Washington, D.C., formally the District of Columbia and commonly known as Washington or D.C., is the capital city and Federal district of the United States, federal district of the United States. The city is on the Potomac River, across from ...

, New York, Lima (

Peru Peru, officially the Republic of Peru, is a country in western South America. It is bordered in the north by Ecuador and Colombia, in the east by Brazil, in the southeast by Bolivia, in the south by Chile, and in the south and west by the Pac ...

), Baku (

Azerbaijan Azerbaijan, officially the Republic of Azerbaijan, is a Boundaries between the continents, transcontinental and landlocked country at the boundary of West Asia and Eastern Europe. It is a part of the South Caucasus region and is bounded by ...

), Dakar (

Senegal Senegal, officially the Republic of Senegal, is the westernmost country in West Africa, situated on the Atlantic Ocean coastline. It borders Mauritania to Mauritania–Senegal border, the north, Mali to Mali–Senegal border, the east, Guinea t ...

), and Hyderabad (

India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...

). MIX's mission was to provide data analytics to empower decision-makers - socially responsible investors, policy makers and financial services providers - to build an inclusive financial services ecosystem. Since its founding in 2002, MIX had built the digital information infrastructure needed to bring greater transparency to financial sectors serving low-income populations in emerging markets, including providing market data on over 3,000 financial services providers (FSPs). In 2016, MIX shifted its strategy to help improve the information flow in other segments of

financial inclusion Financial inclusion is the availability and equality of opportunities to access financial services. It refers to processes by which individuals and businesses can access appropriate, affordable, and timely financial products and services—which ...

, like

smallholder A smallholding or smallholder is a small farm operating under a small-scale agriculture model. Definitions vary widely for what constitutes a smallholder or small-scale farm, including factors such as size, food production technique or technolo ...

agricultural finance, fintech, digital financial services (DFS) and green energy finance. In May 2020, MIX became a unit of the Center for Financial Inclusion, a thinktank housed a
Accion

Market intelligence data

MIX collects, validates and publishes

financial Finance refers to monetary resources and to the study and Academic discipline, discipline of money, currency, assets and Liability (financial accounting), liabilities. As a subject of study, is a field of Business administration, Business Admin ...

, operational and social performance

data Data ( , ) are a collection of discrete or continuous values that convey information, describing the quantity, quality, fact, statistics, other basic units of meaning, or simply sequences of symbols that may be further interpreted for ...

from financial service providers (FSPs) including non-bank financial institutions, rural cooperatives, fintechs, agricultural businesses, and others, in addition to business information from

networks Network, networking and networked may refer to: Science and technology * Network theory, the study of graphs as a representation of relations between discrete objects * Network science, an academic field that studies complex networks Mathematics ...

, funders and socially responsible

investors An investor is a person who allocates financial capital with the expectation of a future return (profit) or to gain an advantage (interest). Through this allocated capital the investor usually purchases some species of property. Types of in ...

. This data is standardized and made available to users through subscriptions on an online platform: MIX Market. MIX also produces a variety of publications covering the sector such as ''Barometer Forecast'', ''Annual Benchmark Reports'', and ''Quarterly Factsheets'', as well as a number of ad hoc publications each year like the ''Global Outreach and Financial Performance Benchmark Report''.

Custom data analytics

MIX works with major funders of financial inclusion to carry out projects related to data and information provision for financial services sectors in emerging markets. Because many investors and FSPs in these regions struggle to make business and investment decisions due to the limited flow and availability of data and information, MIX and its partners identify these information 'gaps' and develop solutions to address them. Examples of efforts to support the healthy development of financial markets through better information include One Acre Fund's ''Smallholder Finance Product Explorer'', the Council on Smallholder Agricultural Finance's ''State of the Sector'' report and analysis, and the CGAP ''Cross Border Funder Survey''; all are initiatives supported by MIX's custom data analytics.

Platforms

MIX Market

MIX Market is an online platform for delivering data and information on FSPs serving low-income and bottom of the pyramid clients in emerging markets like India, Cambodia, Ghana and others. MIX Market provides online data on over 3,000 financial service providers, networks and funders. In FY2015, 1,033 financial service providers reported data through MIX Market. Those financial service providers total 116.6 million borrowers, corresponding to a gross loan portfolio of USD 92.4 billion. These financial service providers also have savings products that reach 98.4 million depositors and account for USD 58.9 billion in deposits. Data collection and analysis – After receiving self-reported data from financial service providers, MIX analysts “review the data, ensuring there are no outliers and extremes.

hey Hey, HEY, or Hey! may refer to: Music * Hey (band), a Polish rock band Albums * ''Hey'' (Andreas Bourani album) or the title song (see below), 2014 * ''Hey!'' (Julio Iglesias album) or the title song, 1980 * ''Hey!'' (Jullie album) or the ...

double check against source documents such as audits and ratings, and standardize he dataaccording to internationally accepted accounting standards and to provide for a more useful intra-regional comparison.” Data products – The main, publicly-accessible data products of MIX Market include FSP profiles (including financial indicators,

trend A fad, trend, or craze is any form of collective behavior that develops within a culture, a generation, or social group in which a group of people enthusiastically follow an impulse for a short time period. Fads are objects or behaviors th ...

s, and benchmarks), and country and regional market overviews. * FSP profiles – The most basic medium through which data can be accessed on MIX Market is through individual FSP profiles which provide financial, operational, and social performance data as well as relevant documents, such as

audits An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon." Auditing al ...

. With this data, users can view and compare performance data of several FSPs (by countries, indicators, and trends), create customizable performance and trend reports, and create benchmarks to view aggregated data in median values. * Country-level and regional profiles – These options permit a wider perspective on MFI performance data, allowing users to view information on a country-level scale or a regional scale. MIX Market currently has country profiles for 115 countries divided into six regions:

Africa Africa is the world's second-largest and second-most populous continent after Asia. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 20% of Earth's land area and 6% of its total surfac ...

Sub-Saharan Africa Sub-Saharan Africa is the area and regions of the continent of Africa that lie south of the Sahara. These include Central Africa, East Africa, Southern Africa, and West Africa. Geopolitically, in addition to the list of sovereign states and ...

(SSA),

Latin America Latin America is the cultural region of the Americas where Romance languages are predominantly spoken, primarily Spanish language, Spanish and Portuguese language, Portuguese. Latin America is defined according to cultural identity, not geogr ...

and The

Caribbean The Caribbean ( , ; ; ; ) is a region in the middle of the Americas centered around the Caribbean Sea in the Atlantic Ocean, North Atlantic Ocean, mostly overlapping with the West Indies. Bordered by North America to the north, Central America ...

(LAC),

East Asia and the Pacific East is one of the four cardinal directions or points of the compass. It is the opposite direction from west and is the direction from which the Sun rises on the Earth. Etymology As in other languages, the word is formed from the fact that eas ...

(EAP),

Middle East and North Africa The Middle East and North Africa (MENA), also referred to as West Asia and North Africa (WANA) or South West Asia and North Africa (SWANA), is a geographic region which comprises the Middle East (also called West Asia) and North Africa together ...

(MENA),

Eastern Europe Eastern Europe is a subregion of the Europe, European continent. As a largely ambiguous term, it has a wide range of geopolitical, geographical, ethnic, cultural and socio-economic connotations. Its eastern boundary is marked by the Ural Mountain ...

and

Central Asia Central Asia is a region of Asia consisting of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. The countries as a group are also colloquially referred to as the "-stans" as all have names ending with the Persian language, Pers ...

(EECA), and

South Asia South Asia is the southern Subregion#Asia, subregion of Asia that is defined in both geographical and Ethnicity, ethnic-Culture, cultural terms. South Asia, with a population of 2.04 billion, contains a quarter (25%) of the world's populatio ...

(SA).

Subscriptions

Starting in 2012, MIX introduced subscription services to individuals and organizations that wanted to access and analyze data on the MIX Market platform. * MIX Gold is a custom reporting product for major investors and funders that use MIX Market to collect, clean and verify data from their portfolio companies. Clients using MIX Gold include

Opportunity International Opportunity International is a 501(c)(3) nonprofit organization chartered in the United States. Through a network of 47 program and support partners, Opportunity International provides small business loans, savings, insurance and training to mor ...

, UNCDF, and the

International Finance Corporation The International Finance Corporation (IFC) is an international financial institution headquartered in Washington, D.C. and a member of the World Bank Group that offers investment, advisory, and asset-management services to encourage private ...

. * MIX Intelligence is a

market intelligence Market intelligence (MI) is gathering and analyzing information relevant to a company's market - trends, competitor and customer (existing, lost and targeted) monitoring. It is a subtype of competitive intelligence (CI), which is data and inf ...

product for major investors focused on financial inclusion. The subscription provides institutions with access to market-level data for performance benchmarking and comparison, and includes forecasts from local operators. Clients using MIX Intelligence include Triple Jump, BNP Paribas, Water.org and Oikocredit. * MIX Essentials is a data product for use by individual researchers, academics, students and consultants. The subscription was launched in 2016 as part of MIX's website redesign and provides access to annual datasets on a 3- and 12-month term. * MIX Discovery is a free data product that allows visitors to access limited data including organization profiles, country overviews and region overviews.

Publications

* Annual Benchmark Reports * Barometer Forecast * Quarterly Factsheet

References

External links

MIX
{{Authority control Microfinance organizations Non-profit organizations based in Washington, D.C. Organizations established in 2002 2002 establishments in Washington, D.C.