MFIs operate in diverse environments and differ in their scope of
operations and target markets. Historically, MFIs faced difficulties
in isolating adequate and comparable benchmarks. The MBB surmounts the
challenge of data incomparability by employing the MBB database, the most
complete source of financial information and social indicators, in an effort
to:
- Create appropriate and useful peer groups
- Adjust data for comparability
- Offer reliable and relevant benchmarks to the microfinance industry
To make comparable benchmarks, MIX places all MFIs into peer groups based
on a number of criteria. Peer groups are specific enough to provide
vital tools for MFI managers to compare their organization's performance to
similar institutions. MIX ensures that the peer groups are comprised
of enough institutions to ensure data privacy.