eng spa

Reaching the Rural Poor

Mexico

Impact


Project Goals & Results

  • Goal 1: Enroll 240,000 new members from medium, highly and very highly marginalized zones
  • Goal 2: Expand coverage of financial services in rural areas
  • Goal 3: Transfer WOCCU management tools and methodologies to the strategic alliances
  • Goal 4: Maximize potential sustainable expansion through select financial intermediaries that are regulated or actively working toward becoming regulated financial institutions

Quantitative Results

Concept Initial Project GoalsAdvances as of October 2010Extension Phase GoalsAdvances as of March 2011
Total New Members

200,000

215,295

40,000

15,589

Rural Members

100%

100%

100%

100%

Women

30%

57%*

30%

52%

Authorized Financial Institution (FI)

15

19

13

13

FI that maintains a rating of GAE A

-

8

5

5

FI that maintains a rating of GAE B+

21

4

3

3

FI that maintains a rating of GAE B

17

19

10

10

FI that lowered its rating

0

0**

0

0

Total Insitutions

53

50**

31

31

Graduated Members

140,000

185,295

-

8,175

Clients (adults & youth)

-

60,000

-

14,829

*Percentage of women in proportion to graduated members.
**Three credit unions were unable to maintain their rating and as a result withdrew from the project.

Outreach Indicators

Outreach Indicators (for 30 Credit Unions - WOCCU PATMIR II Extension)
Project Start
December 31, 2010
Total Members 2,100,791 3,250,021
% of Women Members
57% 55%
# Loans in circulation, pending collection
1,197,450 1,820,012
Average loan to be collected
$15,952 $16,277
Average loan as % GNP* per capita - 9%
Total loans in circulation, pending collection
$19,102,441,786 $29,623,680,874
Average savings deposit
$11,245 $9,406
Average savings deposit as % GNP* per capita
- 5%
Total Savings
$23,644,367,163 $30,569,848,862
Average Shares
$725 $507
Average shares as % GNP* per capita
- 0.30%
Total Shares
$1,523,101,569 $1,648,339,647
Total Assets
$28,423,029,287 $35,534,422,213
*Dollar figures in Mexican Pesos.


PEARLS Indicators

PEARLS Key Performance Indicators (for 30 Credit Unions WOCCU PATMIR II Extension)
Standard of Excellence
12/31/10
P1 Loan Loss Allowances / Delinquency > 12 Months 100% 99.65%
E1 Net Loans / Total Assets 70-80%
76.21%
E5 Savings / Total Assets
70-80% 86.03%
E6 External Credit / Total Assets 0-5%
0.76%
E9 Institutional Capital / Total Assets
≥10%
12%
A1 Total Delinquency / Gross Loan Portfolio
≤5%
9.03%
A2 Non-earning Assets / Total Assets
≤5% 7.31%
R7 Fin. Costs: Member Shares / Avg. Member Shares
> Inflation
0.11%
R9 Operating Expenses / Average Assets
≤5% 10.90%
R12 Net Income / Average Assets (ROA)
Enough to achieve E9
-0.18%
L1 Liquid Assets - ST Payables / Total Deposits 15-20%
18.90%
S10 Membership (annualized)
≥15% 18.55%
S11 Total Assets (annualized)
> Inflation + 10% 7.69%
Annualized Inflation: 4.40%
USD Exchange Rate: 12.35


Testimonials

“Los Cumplidores” Group

Caja Zongolica - Astacinga Branch
Zacatlaixco, Tehuipango, Veracruz

Pascual Martínez


Group Leader - “Venustiano Carranza”
Caja Yanga - Coscomatepec Branch
Xocotla, Coscomatepec, Veracruz

Margarita Erape Alejo


“Flor de Durazno” Group
Caja Popular Purépero - Numarán Branch
Cañada de Ramírez, Numarán, Michoacán

Technology


Employing innovative technology to bring financial services to hard-to-reach areas.

Tools & Methodologies


Implementing new management tools and methodologies to work efficiently in rural areas.

Impact


Reaching 240,000 new members from unbanked marginalized zones.