CGAP-MIX 2009 Eastern Europe and Central Asia Microfinance Analysis and Benchmarking Report

15 February 2010

Compared to global peers, the microfinance market in ECA is one of the most closely linked with mainstream financial sectors; the largest institutions are microfinance banks, whereas non-bank MFIs cannot mobilize deposits and rely on borrowings from foreign funds and local banks. For that reason, ECA microfinance institutions (MFIs) are exposed to many of the same risks as other financial service providers in the region. This report, jointly produced by MIX and CGAP, analyzes how MFIs performed and coped with heightened risks in 2008.