摘要：Financiera Compartamos S.A. de C.V., SFOL of
Mexico is among the largest, most profitable and
fastest growing microfinance institutions (MFIs) in
Latin America. Since its inception in 1990, Compartamos
has both led and bucked many industry
trends. Although traditional features such as joint
liability guarantees and village banks are essential
parts of its retail capacity, the MFI has consistently
remained on the cutting edge of commercial microfinance:
from its transformation into a regulated entity
and issuance of bonds to cross-selling and rapid
client expansion. This case study considers the
evolution of Compartamos through the lens of performance
analysis, examining how the MFI navigated
market and industry trends to reach its flagship
position in Latin American microfinance.
