摘要：MIX’s 2006 benchmarking results show another
hallmark year of growth for microfinance.
MFIs expanded outreach at a continued,
measured pace, while commercial borrowings to
MFIs grew nearly twice as fast, at over 60 percent.
Yet, despite growth and innovation among startup
MFIs, microfinance remained a concentrated
industry. A handful of large scale MFIs served the
majority of global clients, and absorbed most of the
commercial capital seeking investment opportunities
in microfinance. This increasing commercialization of
funding put greater pressure on MFI margins, leaving
returns flat over 2005. With little room to negotiate
lower better prices for clients, MFI managers left credit
yields steady over the year.
