2015 Microfinance Investment Vehicles Survey: Market Data & Peer Group Analysis

The 2015 Symbiotics Microfinance Investment Vehicles (MIV) Survey, produced on an annual basis, aims to provide comprehensive market trends and peer group analysis on microfinance off-shore investments. It allows microfinance investors and fund managers to benchmark themselves and improve their knowledge of the industry.

The Survey, in its ninth edition, is based on December 2014 financial and social performance indicators reported by more than 80 MIVs, covering 96% of the total MIV market estimated at USD 10.4 billion. Participating MIVs report their data based on the CGAP MIV Disclosure Guidelines (2010) that serve as the industry standards for MIV reporting. This year, participants also followed new guidelines, developed in 2015 by Symbiotics in collaboration with other microfinance asset managers, which track a set of additional key performance indicators.