Submitted by Elizabeth Downs on January 21, 2010 - 6:23pm
MFI Data on MIX Market is Not Self-Reported!
The financial, operational and social performance data we collect on microfinance institutions from throughout the developing world goes through a comprehensive and hands-on scrubbing and standardization process by analysts who are experts in their regions.
Our analysts review the data, ensuring there are no outliers, extremes or inconsistencies. We double check against source documents such as audits and ratings, and standardize it according to internationally accepted accounting standards and to provide for a more useful intra-regional comparison. MIX is IFRS compliant and follows the SEEP framework for financial standards.