La Curva de Costos - MFTransparency.org

Transcripción

Promoting Transparent Pricing in the Microfinance Industry
La Curva de Costos: Qué Impulsa los Precios A Fundamental Issue: No hay un solo precio para microcredito: Los precios van cambiando con el monto del prestamo The “average” micro-‐loan price? “The median interest rate for sustainable
MFIs was about 26% in 2006.”
CGAP Brief
What would you say is the average price of microcredit in the Philippines? La referencia del ratio de costo operacional
del 15-20% en la industria, es apropiado para
préstamos mas grandes
Pero préstamos menores tienen una ratio
de costo operativo mayor a 20%
Precios de DisEntos Productos Component $100 Loan $1000 Loan Costos Financieros Provisiones Costos Opera9vos U9lidad 10% 10% 2% 50% 10% 2% 15% 10% Precio Total 72% 37% La Realidad: Siempre hay una curva de precios Que precio cobramos por un prestamo de $1 por 12 meses? Para generar $20 de ingresos cobramos una tasa annual del 2000% The success of microﬁnance has been to push the limits of when the curve starts its upward bend. But there are limits. We cannot sustainably give extremely small loans. EXERCISE: CalculaEon of OperaEng Expenses relaEve to loan sizes Comparando las Curvas 26
Por que bajan los precios de Microcredito?   Competencia?   Mayor escala?   Mejoras de sistemas y technologia?   O…   Cuanto se debe a cambios en el monto prestado?   Analizamos una IMF y luego los mercados de Marruecos , Ecuador y Bolivia CMAC Sullana (Peru) Ano Year
2003
2004
2005
2006
2007
2008
Rendimiento de Yield on gross Cartera Operating Gasto OperaEvo/ Cartera expense/ loan Retorno sobre AcEvos ROA
35.52%
31.90%
32.65%
28.54%
26.84%
26.48%
portfolio
17.01%
13.99%
12.85%
12.58%
10.85%
10.97%
4.36%
5.02%
5.88%
5.16%
5.50%
4.02%
portfolio (real)
33
CMAC Sullana (Peru) Ano Year
2003
2004
2005
2006
2007
2008
Rendimiento de Cartera Yield on gross portfolio (real)
35.52%
31.90%
32.65%
28.54%
26.84%
26.48%
Gasto Operating OperaEvo/ expense/ loan Cartera portfolio
17.01%
13.99%
12.85%
12.58%
10.85%
10.97%
Retorno sobre AcEvos ROA
4.36%
5.02%
5.88%
5.16%
5.50%
4.02%
Saldo Promedio Average loan de Crédito balance per borrower
614
1,082
1,340
1,646
1,942
2,557
34
CMAC Sullana (Peru) 35
Tendencia de Precios Ecuador Ecuador
MIX 2004-2009
Saldo Promedio y Rendimiento de Cartera, 2004 (10 IMF Ecuador) Rendimiento de Cartera 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 0 1,000 2,000 3,000 Saldo Promedio de Crédito (US$) 4,000 5,000 Saldo Promedio y Rendimiento de Cartera, 2005 (15 IMF Ecuador) Rendimiento de Cartera 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 0 1,000 2,000 3,000 Saldo Promedio de Crédito (US$) 4,000 5,000 Saldo Promedio y Rendimiento de Cartera, 2006 (36 IMF Ecuador) Rendimiento de Cartera 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 Saldo Promedio de Crédito (US$) Saldo Promedio y Rendimiento de Cartera, 2007 (42 IMF Ecuador) Rendimiento de Cartera 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 Saldo Promedio de Crédito (US$) Saldo Promedio y Rendimiento de Cartera, 2008 (46 IMF Ecuador) Rendimiento de Cartera 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 Saldo Promedio de Crédito (US$) Saldo Promedio y Rendimiento de Cartera, 2009 (43 IMF Ecuador) Rendimiento de Cartera 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 Saldo Promedio de Crédito (US$) Ecuador Saldo Promedio de Crédito del País y Rendimiento de Cartera (Promedio Ponderado) 2004-‐2009 Rendimiento de Cartera 30% 25% 20% 15% 10% 5% 0% 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 Saldo Promedio (US$) Ecuador Saldo Promedio de Crédito del País y Rendimiento de Cartera (Promedio Ponderado) 2004-‐2009 30.00% 25.00% 1,500.00 20.00% 1,000.00 15.00% 10.00% 500.00 5.00% 0.00 0.00% 2004 2005 2006 Saldo Promedio 2007 2008 2009 Rendimiento de Cartera Rendimiento de Cartera Saldo Promedio (US$) 2,000.00 Costo Promedio por Prestatario (US$) Ecuador Costo Promedio por Prestatario (Promedio del País) 2004-‐2009 250.00 217.90 200.00 181.40 167.78 150.00 157.40 168.59 172.44 100.00 50.00 0.00 2004 2005 2006 2007 2008 2009 Tendencia de Precios Marruecos Marruecos
MIX 2004-2009
2003 Average Global Balance: 165 USD Weighted Average Yield: 32.82 % Loan Size and Yield, 2003
(5 MFIs in Morocco)
70%
Yield on GLP (real)
60%
50%
40%
30%
20%
10%
0%
0
100
200
300
400
500
600
Average Loan Balance per Borrower (USD)
700
800
(6 MFIs in Morocco)
70%
Yield on GLP (real)
60%
50%
40%
30%
20%
10%
0%
0
100
200
300
400
500
600
700
800
(7 MFIs in Morocco)
70%
Yield on GLP (real)
60%
50%
40%
30%
20%
10%
0%
0
100
200
300
400
500
600
700
800
(9 MFIs in Morocco)
70%
Yield on GLP (real)
60%
50%
40%
30%
20%
10%
0%
0
100
200
300
400
500
600
700
800
(9 MFIs in Morocco)
70%
Yield on GLP (real)
60%
50%
40%
30%
20%
10%
0%
0
100
200
300
400
500
600
700
800
(9 MFIs in Morocco)
70%
Yield on GLP (real)
60%
50%
40%
30%
20%
10%
0%
0
100
200
300
400
500
600
700
800
Time Series: 2003-‐2008 Weighted Average Portfolio Yield (nominal)
Morocco
Country Average Loan Balance and Weighted Average Portfolio Yield
2003-2008
35%
30%
25%
20%
15%
10%
5%
0%
0
100
200
300
Average Loan Balance (USD)
400
500
600
Time Series: 2003-‐2008 Average Loan Balance (USD)
600
35%
30%
500
25%
400
20%
300
15%
200
10%
100
0
2003
5%
2004
2005
2006
2007
Year
Average Loan Balance (USD)
Weighted Average Portfolio Yield (nominal)
0%
2008
Weighted Average Portfolio Yield (nominal)
Morocco
Country Average Loan Balance and Weighted Average Portfolio Yield
2003-2008
Preguntas y Respuests

La Curva de Costos - MFTransparency.org

Transcripción

Documentos relacionados

INGENIERO SENIOR DE VENTAS ISV5001 EL PRODUCTO

WARNING: This loan is not intended to meet long

COMO IDENTIFICAR TENDENCIAS EN FOREX 1

Flyer - America Saves