APPENDIX A. A.1 Sample of Indian MFIs

APPENDIX A A.1 Sample of Indian MFIs S.N. Sample of Indian MFIs Inception Legal Form 1 SEWA 1974 BANK 2 CRESA 1980 NGO 3 SKDRDP 1982 NGO 4 GRAMA VIDYALAY 1983 NGO 5 JANODAYA 1987 NGO 6 RASS 1989 NGO 7 GRAM UTTHAN 1990 NGO 8 ADHIKAR 1991 NBFC 9 ESAF 1992 NBFC 10 SHARE 1992 NBFC 11 BISWA 1995 NGO 12 NDFS 1995 NGO 13 SANGMITRA 1995 NGO 14 BASIX 1996 NBFC 15 NIDAN 1996 NGO 16 SARVODAYA NANO FINANCE 1996 NBFC 17 SKS MICROFINANCE 1997 NBFC 18 SPANDANA 1998 NBFC 19 ABCRDM 2002 NGO 20 AML 2002 NBFC 21 BANDHAN 2002 NBFC 22 SAADHAN 2002 NGO 23 NEED 2005 NGO 24 JFSL 2003 NGO 25 UJJIVAN 2004 NBFC 26 VFS 2006 NBFC 113

A.2 Sample of Bangladesh MFIs S.N. Sample of Bangladesh MFIs Inception Legal Form 1 BRAC 1972 NGO 2 RDRS 1972 NGO 3 CSS 1972 NGO 4 HEED 1974 NGO 5 BEES 1975 NGO 6 JCF 1976 NGO 7 ASA 1978 NGO 8 TMSS 1980 NGO 9 RIC 1981 NGO 10 RRF 1982 NGO 11 GRAMEEN BANK 1983 BANK 12 UDDIPAN 1984 NGO 13 ASOD 1985 NGO 14 PMUK 1986 NGO 15 POPI 1986 NGO 16 SSS 1986 NGO 17 SKS BANGLADESH 1987 NGO 18 DSK 1989 NGO 19 BURO BNGLADESH 1990 NGO 20 SHAKTI 1992 NGO 21 IDF 1993 NGO 22 SAJIDA 1993 NGO 23 ESDO 1993 NGO 24 CDIP 1995 NGO 25 BASTOB 1997 NGO 26 COAST TRUST 1998 NGO 114

A.3 Sample of Indian MFIs on the Basis of Legal Formation and Age S.N. Sample of Indian MFIs Inception Legal Form Old MFIs 1 SEWA 1974 BANK 2 CRESA 1980 NGO 3 SKDRDP 1982 NGO 4 GRAMA VIDYALAY 1983 NGO 5 JANODAYA 1987 NGO 6 RASS 1989 NGO 7 GRAM UTTHAN 1990 NGO 8 ADHIKAR 1991 NBFC 9 ESAF 1992 NBFC 10 SHARE 1992 NBFC 11 AWS 1994 NGO 12 BSS 1994 NBFC Mature MFIs 13 BISWA 1995 NGO 14 NDFS 1995 NGO 15 SANGMITRA 1995 NGO 16 SWAWS 1995 NGO 17 BASIX 1996 NBFC 18 NIDAN 1996 NGO 19 SARVODAYA NANO FINANCE 1996 NBFC 20 SKS MICROFINANCE 1997 NBFC 21 CASPHOR MC 1997 NGO 22 AMMACTS 1998 COP 23 SPANDANA 1998 NBFC 24 BFL 1999 NBFC 25 GFSPL 1999 NBFC 26 KBSLAB 1999 RB Young MFIs 27 ABCRDM 2002 NGO 115

28 AML 2002 NBFC 29 BANDHAN 2002 NBFC 30 SAADHAN 2002 NGO 31 NEED 2005 NGO 32 JFSL 2003 NGO 33 UJJIVAN 2004 NBFC 34 VFS 2006 NBFC 35 AROHAN 2006 NBFC 36 BJS 2006 NBFC 37 DISHA 2006 NGO 38 EQUITAS 2006 NBFC 39 GOF 2006 NBFC 40 ASHIRVAD 2007 NBFC 116

APPENDIX B B.1: Group Statistics of Mann- Whitney test for MFIs of India and Bangladesh Country N Mean Rank Sum of Ranks ACTB 0 104 130.66 13588.50 1 104 78.34 8147.50 Total 208 PAR 0 130 94.28 12256.00 1 130 166.72 21674.00 Total 260 ROA 0 130 128.02 16642.50 1 130 132.98 17287.50 Total 260 ROE 0 130 148.19 19265.00 1 130 112.81 14665.00 Total 260 OSS 0 130 130.83 17008.50 1 130 130.17 16921.50 Total 260 OELP 0 130 92.72 12053.00 1 130 168.28 21877.00 Total 260 BPSM 0 130 164.47 21381.00 1 130 96.53 12549.00 Total 260 CA 0 130 111.77 14530.50 1 130 149.23 19399.50 Total 260 YIELD 0 130 123.38 16040.00 1 130 137.62 17890.00 Total 260 WB 0 130 152.55 19831.00 1 130 108.45 14099.00 Total 260 0: India, 1: Bangladesh 117

B.2: Mann-Whitney test statistics for MFIs of India and Bangladesh ACTB PAR ROA ROE OSS OELP BPSM CA YIELD WB Mann- Whitney U Wilcoxon W 2.688E3 3.741E3 8.128E3 6.150E3 8.406E3 3.538E3 4.034E3 6.016E3 7.525E3 5.584E3 8.148E3 1.226E4 1.664E4 1.466E4 1.692E4 1.205E4 1.255E4 1.453E4 1.604E4 1.410E4 Z -6.268-7.771 -.532-3.794 -.072-8.102-7.284-4.016-1.526-4.870 Asymp. Sig. (2-tailed).000.000.595.000.943.000.000.000.127.000 a. Grouping Variable: Country B.3: Group Statistics of Mann-Whitney test for NBFC and NGO of India Forms N Mean Rank Sum of Ranks OELP 0 100 119.60 11960.00 1 100 81.40 8140.00 Total 200 YIELD 0 100 116.90 11689.50 1 100 84.10 8410.50 Total 200 PAR 0 100 103.34 10334.50 1 100 97.66 9765.50 Total 200 ROA 0 100 109.00 10900.50 1 100 92.00 9199.50 Total 200 ROE 0 100 105.77 10577.00 1 100 95.23 9523.00 Total 200 OSS 0 100 106.75 10675.00 1 100 94.25 9425.00 Total 200 ACTB 0 80 95.21 7616.50 1 80 65.79 5263.50 118

Total 160 WB 0 100 111.60 11160.50 1 100 89.40 8939.50 Total 200 CA 0 100 121.06 12106.50 1 100 79.94 7993.50 Total 200 BPSM 0 100 105.31 10531.00 1 100 95.69 9569.00 Total 200 0: NBFC, 1: NGO B.4: Mann-Whitney test statistics of NBFC and NGO of India Test Statistics a OELP YIELD PAR ROA ROE OSS ACTB WB CA BPSM Mann- Whitney U 3.090E3 3.360E3 4.716E3 4.150E3 4.473E3 4.375E3 2.024E3 3.890E3 2.944E3 4.519E3 Wilcoxon W 8.140E3 8.410E3 9.766E3 9.200E3 9.523E3 9.425E3 5.264E3 8.940E3 7.994E3 9.569E3 Z -4.667-4.006 -.698-2.079-1.288-1.527-4.015-3.016-5.025-1.175 Asymp. Sig. (2-tailed).000.000.485.038.198.127.000.003.000.240 a. Grouping Variable: Forms B.5: Test of Homogeneity of Variances and Test of Normality Levene Statistic df1 df2 Sig. Active borrower 5.898 2 157.003 WB 14.496 2 197.000 PAR 7.294 2 197.001 ROA.776 2 197.462 ROE.539 2 197.584 OSS 3.543 2 197.031 OELP BPSM 4.218 13.359 2 197 197.016.000 119

YIELD 1.186 2 197.308 C_A 15.115 2 197.000 Kolmogorov-Smirnov Shapiro-Wilk Indicators Age Statistic df Sig. Statistic df Sig. Number of Active borrower WB PAR ROA ROE OSS OELP BPSM YIELD 1.193 48.000.836 48.000 2.218 56.000.776 56.000 3.387 56.000.320 56.000 1.373 48.000.506 48.000 2.393 56.000.502 56.000 3.404 56.000.522 56.000 1.297 48.000.579 48.000 2.210 56.000.790 56.000 3.320 56.000.498 56.000 1.186 48.000.876 48.000 2.248 56.000.686 56.000 3.293 56.000.638 56.000 1.356 48.000.455 48.000 2.352 56.000.439 56.000 3.261 56.000.686 56.000 1.135 48.028.940 48.017 2.240 56.000.687 56.000 3.210 56.000.909 56.000 1.111 48.181.965 48.161 2.175 56.000.923 56.002 3.194 56.000.700 56.000 1.091 48.200 *.971 48.287 2.228 56.000.696 56.000 3.074 56.200 *.980 56.478 1.101 48.200 *.973 48.317 2.115 56.063.967 56.129 3.106 56.183.973 56.232 1.125 48.058.952 48.048 2.084 56.200 *.947 56.015 120

3.248 56.000.740 56.000 *. This is a lower bound of the true significance. B.6: Kruskal-Wallis H Test for One Way ANOVA (Rank) Number of Active borrower WB PAR ROA ROE OSS OELP Age N Mean Rank 1 48 70.34 2 56 69.54 3 56 100.16 Total 160 1 60 111.38 2 70 88.61 3 70 103.07 Total 200 1 60 103.33 2 70 112.74 3 70 85.84 Total 200 1 60 98.03 2 70 98.31 3 70 104.81 Total 200 1 60 103.16 2 70 99.47 3 70 99.25 Total 200 1 60 97.01 2 70 104.48 3 70 99.51 Total 200 1 60 92.58 2 70 86.86 3 70 120.94 121

BPSM YIELD C_A Total 200 1 60 99.97 2 70 103.31 3 70 98.15 Total 200 1 60 102.90 2 70 83.06 3 70 115.88 Total 200 Total 200 1-Old MFIs 2- Mature MFIs 3- Young MFIs 1 60 86.53 2 70 107.56 3 70 105.41 B.7: Test Statistics a,b Number of Active borrowers WB PAR ROA ROE OSS OELP BPSM YIELD C_A Chi- Square 15.521 6.845 7.829.597.181.570 13.742.285 11.400 5.040 Df 2 2 2 2 2 2 2 2 2 2 Asymp. Sig..000.033.020.742.913.752.001.867.003.080 a. Kruskal Wallis Test b. Grouping Variable: Age B.8: Data Normality Statistics 122

B.8.1 Statistics India N ACTB PAR ROA ROE OSS OELP BPSM CA YIELD WB Valid 104 130 130 130 130 130 130 130 130 130 Missing 0 0 0 0 0 0 0 0 0 0 Skewness 9.443 3.282-1.224-5.906 2.238 3.611 3.323 3.542 -.022-2.327 Std. Error of Skewness.244.219.215.221.217.223.219.217.228.215 Kurtosis 91.852 12.831 18.954 49.413 14.991 19.579 13.046 22.416 -.555 4.767 Std. Error of Kurtosis.483.435.427.438.431.442.435.431.453.427 B.8.2 Statistics Bangladesh N ACTB PAR ROA ROE OSS OELP BPSM CA YIELD WB Valid 104 130 130 130 130 130 130 130 130 130 Missing 0 0 0 0 0 0 0 0 0 0 Skewness 1.267 3.949-1.758-4.704 1.726 1.832 1.374 1.438.814-1.834 Std. Error of Skewness.241.230.226.230.230.226.226.226.269.226 Kurtosis 3.089 16.297 10.881 30.541 7.275 8.391 1.948 1.436 6.842 2.941 Std. Error of Kurtosis.478.457.449.457.457.449.449.449.532.449 B.9: Statistics of Mann-Whitney test for Age-wise Comparisons 123

B.9.1: Group Statistics of Mann- Whitney test for Old and Mature MFIs of India Number of Active borrower WB PAR OELP YIELD Ranks Age N Mean Rank Sum of Ranks 1 48 52.44 2517.00 2 56 52.55 2943.00 Total 104 1 60 73.52 4411.50 2 70 58.62 4103.50 Total 130 1 60 62.23 3734.00 2 70 68.30 4781.00 Total 130 1 60 67.39 4043.50 2 70 63.88 4471.50 Total 130 1 60 72.66 4359.50 2 70 59.36 4155.50 Total 130 B.9.2: Mann-Whitney test statistics of Old and Mature MFIs of India Test Statistics a Number of Active borrower WB PAR OELP YIELD Mann-Whitney U 1341.000 1.618E3 1.904E3 1.986E3 1.670E3 Wilcoxon W 2517.000 4.104E3 3.734E3 4.472E3 4.156E3 Z -.020-2.540 -.918 -.530-2.006 Asymp. Sig. (2- tailed) a. Grouping Variable: Age.984.011.359.596.045 B.9.3: Group Statistics of Mann- Whitney test for Mature and Young MFIs of India 124

Number of Active borrower WB PAR OELP YIELD Age N Mean Rank Sum of Ranks 2 56 45.49 2547.50 3 56 67.51 3780.50 Total 112 2 70 65.49 4584.00 3 70 75.51 5286.00 Total 140 2 70 79.94 5595.50 3 70 61.06 4274.50 Total 140 2 70 58.48 4093.50 3 70 82.52 5776.50 Total 140 2 70 59.20 4144.00 3 70 81.80 5726.00 Total 140 B.9.4: Mann-Whitney test statistics of Mature and Young MFIs of India Test Statistics a Number of Active borrower WB PAR OELP YIELD Mann-Whitney U 951.500 2.099E3 1.790E3 1.608E3 1.659E3 Wilcoxon W 2547.500 4.584E3 4.274E3 4.094E3 4.144E3 Z -3.588-1.629-2.765-3.507-3.297 Asymp. Sig. (2- tailed) a. Grouping Variable: Age.000.103.006.000.001 B.9.5: Group Statistics of Mann- Whitney test for Old and Young MFIs of India 125

Number of Active borrower WB PAR OELP YIELD Age N Mean Rank Sum of Ranks 1 48 42.41 2035.50 3 56 61.15 3424.50 Total 104 1 60 68.35 4101.00 3 70 63.06 4414.00 Total 130 1 60 71.60 4296.00 3 70 60.27 4219.00 Total 130 1 60 55.68 3341.00 3 70 73.91 5174.00 Total 130 1 60 60.74 3644.50 3 70 69.58 4870.50 Total 130 B.9.6: Mann-Whitney test statistics of Old and Young MFIs of India Test Statistics a Number of Active borrower WB PAR OELP YIELD Mann-Whitney U 859.500 1.929E3 1.734E3 1.511E3 1.814E3 Wilcoxon W 2035.500 4.414E3 4.219E3 3.341E3 3.644E3 Z -3.159 -.969-1.718-2.751-1.334 Asymp. Sig. (2- tailed).002.332.086.006.182 a. Grouping Variable: Age APPENDIX C 126

C.1: Coefficients (a) of Financial Factors affecting Sustainability of Indian MFIs Un-standardized Coefficients Standardized Coefficients Co linearity Statistics Model B Std. Error Beta t Sig. Tolerance VIF (Constant) 106.797 13.341 8.005.000 ACTB WB PAR ROE BPSM CA YIELD OELP 6.743E-6.000.160 2.710.008.945 1.058 -.086.132 -.039 -.647.519.886 1.129 -.486.485 -.059-1.002.318.958 1.043.034.018.139 1.915.058.624 1.603 -.011.009 -.080-1.254.212.808 1.238.705.175.275 4.026.000.705 1.419 1.914.276.470 6.926.000.718 1.393-2.789.268 -.787-10.417.000.578 1.731 Debt/Equit.032.043.057.740.460.564 1.773 y a. Dependent Variable: OSS C.2: Coefficients (a) of Financial Factors affecting Sustainability of Bangladesh MFIs 127

Mod el Un-standardized Coefficients Standardized Coefficients t Sig. Co linearity Statistics Std. B Error Beta Tolerance VIF 1 (Constant) 70.949 682.482.104.918 Inception.055.351.014.158.875.744 1.344 ACTB 5.01E- 007.000.035.381.705.730 1.370 WB -.835.553 -.152-1.510.136.612 1.634 PAR -.493.164 -.290-3.002.004.664 1.506 OELP -1.466.598 -.235-2.451.017.674 1.483 C_A.778.193.400 4.024.000.629 1.591 YIELD 1.126.643.163 1.752.084.718 1.394 Debt/Equi ty.109.223.045.488.627.737 1.358 a Dependent Variable: OSS C.3: Co linearity Diagnostics (a) of Bangladesh MFIs 128

Mod el Dim ensio n Eigen value Condi tion Index Variance Proportions (Const ant) Ince ption ACT B WB PAR OELP C_A YIEL D 1 1 6.237 1.000.00.00.00.00.00.00.00.00.00 Debt Equity 2 1.058 2.427.00.00.02.00.23.00.00.00.28 3.870 2.677.00.00.34.00.03.00.03.00.18 4.505 3.513.00.00.36.00.34.00.05.00.20 5.256 4.937.00.00.06.00.19.01.60.00.16 6.055 10.612.00.00.09.00.03.75.05.09.08 7.017 19.109.00.00.00.01.08.22.00.87.09 8.001 65.875.00.00.02.95.05.00.27.00.00 9 6.19E- 006 1003.9 36 1.00 1.00.10.04.04.02.00.03.00 C.4: Residuals Statistics(a) of Bangladesh MFIs Minimum Maximum Mean Std. Deviation N Predicted Value 38.9487 178.4682 116.7853 23.75214 75 Std. Predicted Value -3.277 2.597.000 1.000 75 Standard Error of Predicted Value 3.195 20.535 6.550 3.167 75 Adjusted Predicted Value -76.7169 174.3062 115.3536 32.40085 75 Residual -43.39739 83.44446.00000 19.81027 75 Std. Residual -2.069 3.978.000.944 75 Stud. Residual -2.343 4.842.027 1.118 75 Deleted Residual -55.66042 174.71693 1.43171 30.38520 75 Stud. Deleted Residual -2.428 5.985.055 1.237 75 Mahal. Distance.730 69.929 7.893 11.491 75 Cook's Distance.000 5.103.094.593 75 Centered Leverage Value.010.945.107.155 75 a Dependent Variable: OSS C.5: Histogram of Bangladesh MFIs 129

Histogram Dependent Variable: OSS 30 25 Frequency 20 15 10 5 0-2 0 2 4 Mean =-1.26E-15 Std. Dev. =0.944 N =75 Regression Standardized Residual APPENDIX D 130

D.1: Common measures of Financial Performance used by different agencies Indicators ACCI MIX Planet SEEP WOCCU WWB OUTREACH 1. No. of Active borrowers YES YES YES YES 2. No. of women borrowers YES YES PORFOLIO QUALITY 1. Repayment rate YES 2. Portfolio at risk YES YES YES YES YES YES 3. Arrears rate YES YES FINANCING STRUCTURE YES YES YES 1. Capital to Asset Ratio YES YES YES YES PRODUCTIVITY 1. No. of loan per credit officer YES YES YES 2. Amount of loan per credit YES YES 3. Ratio of credit officer to total YES YES YES EFFICIENCY 1. Cost per borrower YES YES YES 2. Cost per unit of money lent YES YES YES YES 3.Operational efficiency YES YES YES YES YES 4. Administrative efficiency YES YES SUSTAINABILITY 1. Operational sustainability YES YES YES YES 2. Financial sustainability YES YES YES YES PROFITABILTY 1. Return on assets YES YES YES YES YES YES 2. Return on equity YES YES YES YES 3. Yield on Portfolio YES YES YES D.2: Financial Sustainability Index for Indian MFIs 131

CA OELP PAR OSS GLP Weighted SN MFIs CA (Score) OELP (Score) PAR (Score) OSS (Score) (Million $) Weight Score 1 SKS 23.7 23.7 10.1 89.9 0.22 99.78 150 75 960 0.28 76.03 2 SPANDANA 16.7 16.7 5.4 94.6 0.13 99.87 180 90 787 0.23 78.96 3 SHARE 11.3 11.3 8.2 91.8 0.16 99.84 154 77 376 0.11 74.36 4 BANDHAN 10.45 10.45 5.43 94.57 0.13 99.87 158 79 332 0.10 75.33 5 AML 11.1 11.1 6.34 93.66 0.77 99.23 146 73 315 0.09 73.77 6 BASIX 14.1 14.1 15.9 84.1 2.5 97.5 114 57 172 0.05 68.00 7 SKDRDP 4.8 4.8 4.8 95.2 0.31 99.69 112 56 136 0.04 69.42 8 EQITAS 36.5 36.5 8.1 91.9 0.11 99.89 145 72.5 134 0.04 78.75 9 GV 12 12 11.8 88.2 0 100 125 62.5 134 0.04 70.58 10 UJJIVAN 25.9 25.9 19 81 0.46 99.54 116 58 82 0.02 70.53 Total 3428 1.00 S. Index (2010): 75.34 D.3 Financial Sustainability Index for Young MFIs of India 132

GLP CA OELP PAR OSS Sustain. SN Young MFIs Million $ Weight CA (Score) OELP (Score) PAR (Score) OSS (Score) Score 1 ABCRDM 2.5 0.004 11.1 11.1 6.3 93.7 0.33 99.67 146 73 73.92 2 AML 315 0.521 10.4 10.4 5.4 94.6 0.13 99.87 158 79 75.33 3 EQUITAS 134 0.222 36.4 36.4 8 92 0.1 99.9 145 72.5 78.76 4 SAADHAN 14 0.023 11 11 9.9 90.1 1.9 98.1 113 56.5 68.99 5 NEED 4.4 0.007 7 7 17.3 82.7 1.1 98.9 106 53 65.75 6 JFSL 7.7 0.013 25.9 25.9 18.9 81.1 0.46 99.54 116 58 70.56 7 UJJIVAN 82 0.136 12.36 12.36 13.13 86.87 0.6 99.4 110 55 68.54 8 VFS 23 0.038 13.7 13.7 13 87 0.8 99.2 115 57.5 69.32 9 AROHAN 21.7 0.036 3.9 3.9 17.4 82.6 0.2 99.8 105 52.5 65.26 10 BJS 0.5 0.001 36.4 36.4 8 92 0.1 99.9 145 72.5 78.76 S. Index Total 604.8 1 (2010): 74.30 D.4 Financial Sustainability Index for Old MFIs of India GLP CA OELP PAR OSS Sustain. SN Old MFIs Million $ Weight CA (Score) OELP (Score) PAR (Score) OSS (Score) Score 1 SEWA 10 0.026 17.21 17.21 15.6 84.4 17.5 82.5 107 53.5 63.19 2 CRESA 5.5 0.014 23.2 23.2 12.6 87.4 0 100 109 54.5 71.04 3 SKDRDP 136 0.352 4.8 4.8 4.7 95.3 0.31 99.69 112 56 69.45 4 GV 134 0.347 12 12 11.26 88.74 0 100 125 62.5 70.72 5 JANODAYA 1.5 0.004 15.9 15.9 16.3 83.7 25 75 103 51.5 59.92 6 RASS 15 0.039 15.1 15.1 2 98 0.3 99.7 144 72 75.68 7 GU 9 0.023 5.6 5.6 5.9 94.1 1.9 98.1 101 50.5 67.64 8 ADHIKAR 9 0.023 12.3 12.3 9.6 90.4 0.8 99.2 115 57.5 69.91 9 ESAF 34 0.088 18 18 13.7 86.3 0.93 99.07 103 51.5 68.74 10 BSS 32 0.083 15.7 15.7 11 89 1.8 98.2 105 52.5 68.89 S. Index Total 386 1 (2010): 69.81 APPENDIX E 133

E.1: Number of Active Borrowers of Indian MFIs SN Name of MFIs 2005-06 2006-07 2007-08 2008-09 2009-10 1 SEWA 17677 21208 21826 21549 20993 2 CRESA 11532 21871 24120 35274 35118 3 SKDRDP 234786 443532 574968 801000 1225570 4 GRAMA VIDYALAY 73368 181328 224108 360000 772050 5 JANODAYA 3100 10400 14982 17352 9988 6 RASS 13506 23410 38675 40755 47265 7 GRAM UTTHAN 17433 41355 57317 66503 67240 8 ADHIKAR 11390 35210 45703 54249 62652 9 ESAF 44434 110122 145712 145000 220011 10 SHARE 814156 826517 989641 1502000 2357456 11 AWS 6735 26852 33196 31108 18930 12 BSS 22807 63315 134765 168000 228514 13 BISWA 127742 200912 246430 352000 305679 14 NDFS 5289 6997 13012 10004 10004 15 SANGMITRA 84842 104614 120080 128576 124328 16 SWAWS 49038 81818 72248 110000 122656 17 BASIX 143332 198282 305438 498000 1114468 18 NIDAN 9684 10471 10802 12712 1660 19 SARVODAYA NANO FINANCE 84349 116625 174911 173000 147122 20 SKS MICROFINANCE 172970 513108 1629474 3520000 5795028 21 CASPHOR MC 123359 201692 303245 314154 417039 22 AMMACTS 52260 83236 136717 153000 144858 23 SPANDANA 721621 916261 1188861 2432000 3662846 24 BFL 34974 158256 210721 263000 220645 134

25 GFSPL 40915 82562 117647 211562 352648 26 KBSLAB 22814 32498 45207 55148 61467 27 ABCRDM 16499 72396 102655 117000 109827 28 AML 393538 416829 565806 890832 1340288 29 BANDHAN 149886 449304 896698 1454000 2301433 30 SAADHAN 38263 55569 62729 84908 90930 31 NEED 886 3178 10484 24895 31280 32 JFSL 238140 394462 396861 93393 93036 33 UJJIVAN 441 19474 58646 261993 566929 34 VFS 44416 41116 47717 77206 184020 35 AROHAN 22103 9945 34261 86237 187754 36 BJS 2712 2546 2878 2806 6040 37 DISHA 3319 3319 1636 5002 8366 38 EQUITAS 177662 177662 16166 339158 888600 39 GOF 11227 4914 17540 46846 67310 40 ASHIRVAD 27258 27258 6092 48425 126483 E.2: Number of Active Borrowers of MFIs of Bangladesh 135

SN Name of MFIs 2005-06 2006-07 2007-08 2008-09 2009-10 1 BRAC 4159000 4550000 6397000 6327000 6241328 2 RDRS 257000 307000 257000 257000 285336 3 CSS 26656 34133 44070 76883 98779 4 HEED 60885 60909 64126 78107 79335 5 BEES 79551 103000 103000 92700 93995 6 JCF 182000 274000 265000 296000 317068 7 ASA 4181000 5163000 5422000 5877000 4000401 8 TMSS 436000 513000 543000 532129 486127 9 RIC 31563 41330 62630 70000 80181 10 RRF 66190 138547 134708 177157 148737 11 GRAMEEN BANK 5050000 5960000 6160000 6210000 6430000 12 UDDIPAN 74274 128000 151000 189520 201028 13 ASOD 66490 60419 58613 58000 58000 14 PMUK 171000 136000 197000 236000 236000 15 POPI 105000 105000 134000 134000 163679 16 SSS 184000 250000 255000 251000 265353 17 SKS BANGLADESH 52267 63432 111647 100747 74267 18 DSK 65870 80005 81625 80905 97840 19 BURO BNGLADESH 209000 263000 354000 456000 577057 20 SHAKTI 143000 162000 145000 246000 336515 21 IDF 54549 63127 67287 67619 73802 22 SAJIDA 40933 50927 69878 89546 104113 23 ESDO 66176 96088 93174 105000 114337 24 CDIP 35242 50155 48821 62576 65821 25 BASTOB 5205 5812 6277 6631 7869 26 COAST TRUST 45301 51447 55112 61491 58038 E.3: PAR>30 days of Indian MFIs 136

SN Name of MFIs 2005-06 2006-07 2007-08 2008-09 2009-10 1 SEWA 0.6 0.8 9.5 22.1 17.5 2 CRESA 0 0 0 0 0 3 SKDRDP 0.02 0.22 0.15 0.59 0.31 4 GRAMA VIDYALAY 0.86 0.21 0.08 0.01 0 5 JANODAYA 4.4 0 2.6 0.7 25 6 RASS 2.4 4.5 0.2 0.4 0.3 7 GRAM UTTHAN 0.52 1.8 1.9 0.4 1.9 8 ADHIKAR 0 5.8 0.4 0.3 0.8 9 ESAF 0.8 4.7 2.4 3.38 0.93 10 SHARE 13.48 6 3.7 0.29 0.12 11 AWS 0 0 0.86 0.07 0.27 12 BSS 0 0 0 1.8 1.8 13 BISWA 0.31 0.79 0.53 0.3 0.11 14 NDFS 0 0 0 0 0 15 SANGMITRA 9.9 2.8 5.2 9.2 7.2 16 SWAWS 0.32 1.15 0.06 0.36 0.46 17 BASIX 1.8 2.1 1.2 1.55 1.9 18 NIDAN 2.63 2.75 2.61 0 0 SARVODAYA NANO 19 FINANCE 3.9 7.7 8.7 6.6 9.7 20 SKS MICROFINANCE 1.5 0.12 0.15 0.34 0.22 21 CASPHOR MC 3 2.6 1.7 0.4 0.1 22 AMMACTS 4.8 0 0 2.5 1.25 23 SPANDANA 0 0 4.43 0.11 0.13 24 BFL 0.98 2.3 4.8 1.65 3.5 25 GFSPL 0 0 0 0.2 1.47 26 KBSLAB 9 6.8 5.9 0.01 4.9 27 ABCRDM 2 0.2 0.74 0.04 0.39 137

28 AML 0.15 2.4 0.6 0.4 0.33 29 BANDHAN 0 0.1 0.1 0.11 0.13 30 SAADHAN 0 0 0 0 0 31 NEED 0 0 0 1.1 1.9 32 JFSL 4.6 7.3 9.1 0 1.1 33 UJJIVAN 0 0.2 0.2 0.2 0.46 34 VFS 0 2.2 0.47 0.5 0.6 35 AROHAN 0 0.04 0.63 0.25 0.8 36 BJS 0 0 0 0.46 0.2 37 DISHA 0 0 1.4 0 0.5 38 EQUITAS 0 0 0 0 0.1 39 GOF 0 0 0.9 1.3 9.8 40 ASHIRVAD 0 0 0 0 0.02 E.4: PAR>30 days of MFIs of Bangladesh 138

SN Name of MFIs 2005-06 2006-07 2007-08 2008-09 2009-10 1 BRAC 5.9 5.7 5.7 5.7 8 2 RDRS 31.2 34.5 38 34.5 22.25 3 CSS 5.85 119 113.7 3.5 2.8 4 HEED 5.2 5 4.3 5 9.1 5 BEES 3.1 9.3 19.3 16.6 16.11 6 JCF 0.8 0.7 13.6 10.2 6.7 7 ASA 1.1 1.5 3.5 4.4 4.3 8 TMSS 1.1 1.47 3.2 3.7 4.1 9 RIC 2.51 5.7 5.7 5.7 8.8 10 RRF 0.17 0.42 8.5 51.5 94.6 11 GRAMEEN BANK 7.8 7 0 3.6 6.5 12 UDDIPAN 0.6 1 1.4 4.1 4.7 13 ASOD 0.79 8.8 18.1 13.5 13.5 14 PMUK 1.3 2.5 0 79.9 40 15 POPI 2.6 51.3 100 100 20.9 16 SSS 2.3 1.3 3.6 4.8 5.7 17 SKS BANGLADESH 0.13 1.3 5.6 7.7 13 18 DSK 8.2 4 11.8 10.4 8.9 19 BURO BNGLADESH 3 2.1 5.4 3 4.1 20 SHAKTI 0.6 0.8 1.3 1.2 0.99 21 IDF 0.2 0.4 4.9 7 2.5 22 SAJIDA 1.77 1.54 1.5 1.2 2.1 23 ESDO 1.12 3 4.8 13 21.3 24 CDIP 0.2 0.27 0.2 0.6 1 25 BASTOB 1.1 2.7 1.4 3.3 2.5 26 COAST TRUST 11.3 10.1 10.4 8.5 9.5 E.5: Return on Asset of Indian MFIs 139

SN Name of MFIs 2005-06 2006-07 2007-08 2008-09 2009-10 1 SEWA 0.45 0.4 0.5 0.4 0.52 2 CRESA 4.5 1 0.69 3.4 1.5 3 SKDRDP -1.7-0.3-0.2 0.15 1.3 4 GRAMA VIDYALAY 0.1 0.7 2.4 4.1 3.65 5 JANODAYA -1.3 1.6 1.6 4.4 0.8 6 RASS 1.5 5.1 3 4.4 4.4 7 GRAM UTTHAN -0.9-0.7 1.6 1.1 0.2 8 ADHIKAR 6.4 6.3 6.4 3.1 2.6 9 ESAF 0.57 1.3 0.71 0.77 0.25 10 SHARE 2.3 1.1 1.1 5.5 5.5 11 AWS 0.04 4.1 3 2.9 0.37 12 BSS 12.4 4.3 10.5 6.3 0.78 13 BISWA 3.5 2.3 30.8 10.6 5.6 14 NDFS 1.1 1.1 0.6 0.9 0.9 15 SANGMITRA 0.5 0.2 0.2 1.7 1 16 SWAWS 2.3 2.1 1.8 3.3 7.4 17 BASIX 0.8 1.5 1.7 1.8 3.1 18 NIDAN 8.7 5 1.2-12.6-1.4 19 SARVODAYA NANO -1-0.25 0.5-1.6 0.18 FINANCE 20 SKS MICROFINANCE 2.8 0.7 2 3.7 4.9 21 CASPHOR MC -10.7-3 0.5 0.4 4 22 AMMACTS 4.8 0.56 3.7 7.6 5.7 23 SPANDANA 4.7 0.7 4.3 6.9 9 24 BFL 0.4 1.2 2.2 1 0.97 25 GFSPL 0.2 5.5 2.1 0.3 0.4 26 KBSLAB 0.78 0.76 0.74 1 1.12 27 ABCRDM 0.4 0.2 0.6 0.1 0.4 140

28 AML 2.95 1.67 1.4 5.3 4.3 29 BANDHAN 1 8.7 5.1 8.6 3.5 30 SAADHAN 1.5 6.8 5.2 4.3 4.8 31 NEED 2.9 0.18 5.6 2.8 2.5 32 JFSL 1.7 2.1 0.3 0.5 0.5 33 UJJIVAN -30-21 -11.5-0.6 3.17 34 VFS 4.4 7.6 1.1 1.7 1.1 35 AROHAN 1.8 1.8 0.2 3.5 2 36 BJS 3.8 3.8 4.8 2.9 1.5 37 DISHA -2.2-2.2-2.2-1.2-3.2 38 EQUITAS 3 3 3 1.5 4.5 39 GOF -0.6-0.6-0.9 2 0.7 40 ASHIRVAD 6.3 6.3 6.3 5.2 7.4 141

E.6: Return on Asset of MFIs of Bangladesh SN Name of MFIs 2005-06 2006-07 2007-08 2008-09 2009-10 1 BRAC 5.7 7 1.5-0.05 3.74 2 RDRS 0.1 0.9 0.2 0.2 2.5 3 CSS 5.8 2.8 4.7 4 7.1 4 HEED 4 4.6 2.7 2.5 1.3 5 BEES 2.5-0.2-0.2-4.5-6.5 6 JCF 4.4 3.9-0.3 1.1 4.7 7 ASA 15 14.5 10.8 6.1 8 8 TMSS 2.6 3.2-0.2 0.9 2.2 9 RIC 7.1-13.8-26 -12.4 1.2 10 RRF 2.3 1.5-0.02-1.9-2.1 11 GRAMEEN BANK 2.4 2.4 0.1 1.6 0.43 12 UDDIPAN 4.9 1.1-0.9-0.1 1.8 13 ASOD 2.2-5.3-7.7-6.5-6.5 14 PMUK 1.6 4.1-11.5-7.4-9.5 15 POPI -1.2-6.9-6.9-12.4-6.9 16 SSS 1.5 2.3 0.16 0.7 2.4 17 SKS BANGLADESH -0.3 1.4-5.1-0.65 0.26 18 DSK 1 2.3-0.72 0.56 1.8 19 BURO BNGLADESH 9.9 6.2 3.1 1.6 0.8 20 SHAKTI 2.7 5 4.5 0.1 2.24 21 IDF 7.9 7.3 2.9-0.3 2.9 22 SAJIDA 5.4 6.4 1.1 1.6 4.8 23 ESDO 0.57-0.9 3.9 1.5 1.5 24 CDIP 9.6 3.6 5.1 5.6 8.3 25 BASTOB 7.9 5.9 4 2.1 1.8 26 COAST TRUST -4.6-2.3-0.6-2.4-4.1 142

E.7: Return on Equity of Indian MFIs SN Name of MFIs 2005-06 2006-07 2007-08 2008-09 2009-10 1 SEWA 2.7 2.3 3 2.5 3.1 2 CRESA 73 20.3 9.2 38.5 9.1 3 SKDRDP -92.6-15.3-7.8 4.1 30.1 4 GRAMA VIDYALAY 2.1 16.4 19 21.6 25.4 5 JANODAYA -53-0.7-0.7 51.6 7.2 6 RASS 5.6 26.3 24.2 35 30.3 7 GRAM UTTHAN -842-213 72 28 3.7 8 ADHIKAR 181 254 108 44 26.5 9 ESAF 75.3 61.4 16.7 8.3 1.4 10 SHARE 23.5 14.8 8.3 37 45.1 11 AWS 1 105 53 32.3 2.7 12 BSS 70.5 40.3 82.5 40.6 4.8 13 BISWA 43.1 28.9 140 41.8 28.8 14 NDFS 123 54.6 24.5 37.5 37.5 15 SANGMITRA 2.3 1 1.3 12.5 6.9 16 SWAWS 95.8 82.7 31.7 14.4 21.7 17 BASIX 3.3 9.1 13.7 15.6 23.3 18 NIDAN 34 13-8 -53.8-11.9 19 SARVODAYA NANO FINANCE -3.4-1.2 2.9-1 0.91 20 SKS MICROFINANCE 27.3 4 12 18.7 21.5 21 CASPHOR MC -504 957-244 57 147 22 AMMACTS 53.8 9.3 28.2 43.4 35.8 23 SPANDANA 79.8 21.2 53.5 51.1 55.6 24 BFL 3.3 14.7 22.3 8.1 7.2 25 GFSPL 4.8 70 15.7 2.1 2.56 26 KBSLAB 3.2 5.1 6.3 8.8 10.4 143

27 ABCRDM 4.4 27.1 25 2 13.5 28 AML 51.4 32.1 17.8 55.5 40.1 29 BANDHAN 31.7 126 62 125 38.2 30 SAADHAN 29.4 97.3 50.5 38.1 38.3 31 NEED 21.6 1.1 42 26 23.7 32 JFSL -349 167 16.6 14.8 7.1 33 UJJIVAN -31-49 -47.3-1.3 9.45 34 VFS 48.2 84.6 11.7 8.9 7 35 AROHAN 7.8 7.8 0.7 14.9 13 36 BJS 105 105 153.6 56.4 35.3 37 DISHA -27.8-27.8-27.8-17.6-38 38 EQUITAS 8 8 8 4 12 39 GOF 2 2-1.3 5.2 2 40 ASHIRVAD 20 20 20 11.8 28.2 144

E.8: Return on Equity of MFIs of Bangladesh SN Name of MFIs 2005-06 2006-07 2007-08 2008-09 2009-10 1 BRAC 18.7 23.5 6-0.24 14.6 2 RDRS 0.1 1.7 0.4 0.8 6.78 3 CSS 9.2 4.3 6.8 7 14.8 4 HEED 14.4 2.7 16.3 19.6 10.8 5 BEES 12-1.3-1.8-36.8-92.8 6 JCF 32.9 39.3-3.5 11.7 40.5 7 ASA 29.1 26.3 18.9 10.4 13.5 8 TMSS 12.5 16.2-1.1 4.3 11.2 9 RIC 45.8-103 -309-22 21 10 RRF 11.5 11.7-0.2-17.4-34.6 11 GRAMEEN BANK 18.4 22.3 1 14.7 5.6 12 UDDIPAN 21.8 7.9-9.4-1.6 22.5 13 ASOD 24.6-66 -116-91 -91 14 PMUK 27.8 50.2-390.8 683 198 15 POPI -14.16-100 -100-185 -100 16 SSS 16.3 27.2 2.1 8.3 21.6 17 SKS BANGLADESH -3.3 14-107 -15.8 4.8 18 DSK 6.2 20.4-11.3 7.3 10.8 19 BURO BNGLADESH 24.9 17.5 10.1 6.8 5.1 20 SHAKTI 8.8 17.6 15.1-0.5 11.9 21 IDF 27.6 25.7 10.5-0.9 9.4 22 SAJIDA 18.1 24.4 5.6 10.3 31.5 23 ESDO 6.8-14 53.7 19.8 19.8 24 CDIP 33.3 18.9 36 38.1 48.8 25 BASTOB 37.5 29.3 20.5 4.6 17 26 COAST TRUST -43-29 -12.6-34.6-56.7 145

E.9: OSS of Indian MFIs SN NAME OF MFIS 2005-06 2006-07 2007-08 2008-09 2009-10 1 SEWA 107 108 109 105 107 2 CRESA 121 105 104 113.8 109 3 SKDRDP 86.4 97.3 98.3 101.3 112 4 GRAMA VIDYALAY 100.8 104 139 125.6 125 5 JANODAYA 93.6 110.8 128 123 103 6 RASS 112 146 128 139 144 7 GRAM UTTHAN 91 94 111 107 101 8 ADHIKAR 132.5 137 128 113 115 9 ESAF 104 107 103 105 103 10 SHARE 119.5 110.1 110.6 151.7 154 11 AWS 100.25 128 118 119.4 102 12 BSS 119 120.5 155.9 149.5 105 13 BISWA 208.1 126.5 335.6 221.2 141 14 NDFS 107.6 110.1 105.2 107.6 107.6 15 SANGMITRA 104 101 101 111 119 16 SWAWS 123 116 109.7 124.2 166 17 BASIX 109 114 108.6 114.1 126 18 NIDAN 145 121 113 48.7 42 19 SARVODAYA NANO FINANCE 94.3 101.1 107 99.6 104 20 SKS MICROFINANCE 120.7 110.3 119.8 128.5 150 21 CASPHOR MC 63 86 102 101 120 22 AMMACTS 132.6 104 144.6 175 159.8 23 SPANDANA 149 109.8 159.1 166.3 180 24 BFL 112.8 118.7 124.5 117.2 111 25 GFSPL 100 127 109 102 103 26 KBSLAB 108 108 107 109.8 109 146

27 ABCRDM 102.1 100.9 102.4 100.3 101.3 28 AML 120.9 116.5 111.5 131.1 146 29 BANDHAN 104.9 151.6 133.1 174.2 158 30 SAADHAN 107 139 129.2 122.9 125 31 NEED 55 101 147 113 113 32 JFSL 124 128 102 111 106 33 UJJIVAN 13 44 64 97 116 34 VFS 129 142 116 116 110 35 AROHAN 68 35 101 120 115 36 BJS 84.5 74 115 110 105 37 DISHA 89 89 110 68 88 38 EQUITAS 68.3 68.3 27.6 109 145 39 GOF 71 45 97 108 104 40 ASHIRVAD 132 132 131 133 157 147

E.10: OSS of MFIs of Bangladesh SN NAME OF MFIS 2005-06 2006-07 2007-08 2008-09 2009-10 1 ASA 254.8 238 187 137 159 2 BASTOB 132.8 127.4 119.8 108.6 111 3 BEES 117.8 98.9 98.9 77.7 72 4 BRAC 134 138 106 105 123 5 BURO BNGLADESH 158 131.8 114.6 107 104 6 DSK 105 163.9 98 104 113 7 GRAMEEN BANK 116 116 100 111 102 8 HEED 121.7 126 115 118 109 9 IDF 151 146 114.8 98.5 119 10 JCF 131.8 127 98.3 106 135 11 RDRS 101 108 102 101 119 12 SAJIDA 125 136 106 110 131 13 SHAKTI 116 133 129 100 113 14 SSS 109 112 100 104 114 15 TMSS 115 119 99 104 113 16 UDDIPAN 133 106 95 99 110 17 ASOD 114 79 67 73 73 18 CDIP 161 121 135 150 165 19 COAST TRUST 77 89 95 85.5 76 20 CSS 128 111 125 137.5 152 21 ESDO 103 94 117 105.5 105.5 22 RIC 148 60 40.6 74.3 108 23 RRF 118 110 100 144.5 89 24 SKS BANGLADESH 98 108 72 86.5 101 25 POPI 106 94 60 60 82 26 PMUK 110 123.7 69 69 69 148

E.11: Operating Expense/Loan Portfolio of Indian MFIs SN NAME OF MFIS 2005-06 2006-07 2007-08 2008-09 2009-10 1 SEWA 13.6 12.1 15.1 22.3 15.6 2 CRESA 15.3 11.2 9.3 13.9 12.6 3 SKDRDP 3.9 3.3 8.9 4.1 4.7 4 GRAMA VIDYALAY 21.3 16.8 19 17.1 11.26 5 JANODAYA 15.7 12.7 12.7 9.8 16.3 6 RASS 5.7 4.4 2.3 2 2 7 GRAM UTTHAN 7.4 5.7 4.7 5.3 5.9 8 ADHIKAR 10 8.7 11.4 13.5 9.6 9 ESAF 13.1 13.1 13.1 18 13.7 10 SHARE 15.1 10.6 10.7 9.5 6.9 11 AWS 7.9 3.5 3.4 3.2 5.9 12 BSS 14.5 10.5 10.1 11.42 11 13 BISWA 1.4 5.3 6.5 1.7 5.2 14 NDFS 7 5.2 4.6 4.9 4.9 15 SANGMITRA 4.5 4.7 3.5 4 3.7 16 SWAWS 8.1 8.7 11.1 9 9.1 17 BASIX 18.4 17.6 19.8 17.7 13.3 18 NIDAN 12.71 12.71 3.49 19.9 1.16 19 SARVODAYA NANO FINANCE 5.2 3.3 2.4 2.5 2.4 20 SKS MICROFINANCE 10.4 13.2 12.3 13.3 10.1 21 CASPHOR MC 23.7 17.9 13.3 13 13.7 22 AMMACTS 5.8 7.1 7.8 6.1 7 23 SPANDANA 5.8 6.1 5.8 6.2 5.3 24 BFL 7 6.7 5.8 6 5.5 25 GFSPL 18.3 14 17.5 12.32 9.5 26 KBSLAB 17.6 17.1 15.38 13.8 13.8 149

27 ABCRDM 10.2 10.1 18.5 21.9 20.2 28 AML 13.7 10 10.7 9.7 6.3 29 BANDHAN 11.7 8.7 10.4 8.8 5.4 30 SAADHAN 13 9.8 10.9 10.5 10.3 31 NEED 8.5 12.8 4.3 10.8 9.9 32 JFSL 7 5 7.1 7 17.3 33 UJJIVAN 67 57 30 23.22 18.9 34 VFS 12.7 15.3 10.2 11.4 13.13 35 AROHAN 16.6 16.6 18.7 14.4 13 36 BJS 18.4 18.4 18 18.8 17.4 37 DISHA 13.6 13.6 13.6 3.2 24 38 EQUITAS 10.1 10.1 10.1 12.2 8 39 GOF 39 39 52 26 22 40 ASHIRVAD 16 16 16 19.3 12.6 150

E.12: Operating Expense/Loan Portfolio of MFIs of Bangladesh SN NAME OF MFIS 2005-06 2006-07 2007-08 2008-09 2009-10 1 ASA 8.5 9.4 11.2 15 12.8 2 BASTOB 14.6 15.4 14.5 19.9 15 3 BEES 14.8 15.7 16.5 20.6 20 4 BRAC 15 13 14.6 13.7 10.1 5 BURO BNGLADESH 13.9 15.1 16.6 17 16.2 6 DSK 14.9 2.9 41.7 12.3 11.1 7 GRAMEEN BANK 12.5 11.1 12.7 10.8 11.2 8 HEED 16.1 15.8 17.8 17.7 14.5 9 IDF 12.9 13.3 13.6 15.3 13.6 10 JCF 11.9 12.7 13.5 17.9 10.3 11 PMUK 16 15.4 23 18.4 18.4 12 RDRS 13.4 13.5 15.1 30.8 11.7 13 SAJIDA 17.3 16.3 19.2 17.3 14.3 14 SHAKTI 12 12.7 12.7 16.6 14.5 15 SSS 17.6 19.1 20.6 19.7 16 16 TMSS 17.8 17.5 21.2 17.2 14.5 17 UDDIPAN 15.3 18 20 18 14.7 18 ASOD 16 26 28.2 27.1 27.1 19 CDIP 15.5 15.8 14.3 12.8 11.4 20 COAST TRUST 18.6 21.1 17.2 16.8 16.5 21 CSS 15.4 18.7 16.5 14 11.5 22 ESDO 19.2 17.4 25.5 21.5 21.5 23 RIC 18.4 25.4 24.6 19.3 14.1 24 RRF 14.6 15.3 17.4 16.7 16.1 25 SKS BANGLADESH 17.1 19 18.6 18.3 18.1 26 POPI 22 27.2 27.2 32.3 16.1 151

E.13: Borrower per Staff Member of Indian MFIs SN NAME OF MFIS 2005-06 2006-07 2007-08 2008-09 2009-10 1 SEWA 88 98 97 152 150 2 CRESA 165 208 268 349 185 3 SKDRDP 208 349 317 306 397 4 GRAMA VIDYALAY 183 269 220 224 319 5 JANODAYA 74 74 172 127 92 6 RASS 188 266 399 381 409 7 GRAM UTTHAN 236 234 265 266 261 8 ADHIKAR 227 227 174 255 237 9 ESAF 155 258 134 122 193 10 SHARE 331 350 327 353 436 11 AWS 122 463 511 464 487.5 12 BSS 238 306 366 355 237 13 BISWA 296 255 77 103 92 14 NDFS 278 368 449 408.5 408.5 15 SANGMITRA 1196 1276 1430 1020 1225 16 SWAWS 316 270 238 484 371 17 BASIX 178 156 157 150 176 18 NIDAN 90 78 78 120 40 19 SARVODAYA NANO FINANCE 119 112 144 144 1388 20 SKS MICROFINANCE 214 264 254 263 274 21 CASPHOR MC 146 175 225 200 251 22 AMMACTS 252 311 374 397 386 23 SPANDANA 480 479 393 382 351 24 BFL 920 1227 443 437 341 25 GFSPL 145 204 245 275 256 26 KBSLAB 240 137 155 181 186 152

27 ABCRDM 229 192 256 292 274 28 AML 352 377 324 363 379 29 BANDHAN 221 262 323 342 348 30 SAADHAN 290 300 311 345 354 31 NEED 23 44 131 207 190 32 JFSL 243 217 182 153 124 33 UJJIVAN 7 99 106 155 200 34 VFS 291 248 334 348 338 35 AROHAN 210 171 248 292 250 36 BJS 187 182 192 148 201 37 DISHA 103 103 74 132 209 38 EQUITAS 322 322 160 484 565 39 GOF 86 51 121 206 208 40 ASHIRVAD 387 387 321 373 387 153

E.14: Borrower per Staff Member of MFIs of Bangladesh SN NAME OF MFIS 2005-06 2006-07 2007-08 2008-09 2009-10 1 ASA 281 281 216 229 167 2 BASTOB 133 145 116 100 121 3 BEES 133 146 149 123 123 4 BRAC 241 186 184 237 331 5 BURO BNGLADESH 166 127 124 140 108 6 DSK 110 123 121 121 155 7 GRAMEEN BANK 313 285 244 256 276 8 HEED 144 127 124 150 156 9 IDF 163 146 153 123 133 10 JCF 177 166 143 143 170 11 PMUK 120 102 98 117 117 12 POPI 138 138 115 115 144 13 RDRS 232 261 210 210 185 14 SAJIDA 170 159 132 161 172 15 SHAKTI 176 174 149 163 158 16 SSS 119 120 99 92 103 17 TMSS 139 89 119 118.5 118 18 UDDIPAN 107 91 60 83.5 107 19 ASOD 156 141 141 141 141 20 CDIP 128 129 109 108.5 108 21 COAST TRUST 128 86 76 74.5 73 22 CSS 180 155 166 170 174 23 ESDO 155 190 114 108.5 103 24 RIC 123 107 98 108 118 25 RRF 142 146 115 122.5 130 26 SKS BANGLADESH 171 137 166 134 102 154

E.15: Capital/Asset Ratio of Indian MFIs SN NAME OF MFIS 2005-06 2006-07 2007-08 2008-09 2009-10 1 SEWA 19.1 18.8 18.7 16.4 17.21 2 CRESA 5.8 4.6 9.2 8.4 23.2 3 SKDRDP 1.3 2.1 3.4 3.6 4.8 4 GRAMA VIDYALAY 5 4.3 15.5 21.6 12 5 JANODAYA 2.9 5.3 7.8 9.3 15.9 6 RASS 23.2 17.8 10.8 13.8 15.1 7 GRAM UTTHAN 0.34 0.37 3.3 5.1 5.6 8 ADHIKAR -4.9 3.3 7.5 6.5 12.3 9 ESAF 1.2 2.6 5.3 14.9 18 10 SHARE 7.5 8.4 15.7 14.3 11.2 11 AWS 4.6 3.8 7 11.3 17.7 12 BSS 18.8 8.2 14.6 16.5 15.7 13 BISWA 7.9 7.8 32 21.1 18.3 14 NDFS 1.2 2.5 2.6 2.6 2.6 15 SANGMITRA 21.2 18 13.4 13.7 13.6 16 SWAWS 2 2.9 7.7 37.3 32.4 17 BASIX 21 14.5 11.8 11.3 14.1 18 NIDAN 33.5 15.1 16.6 36.2 2.2 19 SARVODAYA NANO FINANCE 26.8 18.3 15 17.2 21.2 20 SKS MICROFINANCE 13.6 20.9 15.7 21.9 23.7 21 CASPHOR MC 1.3-1.3 0.44 0.9 3.5 22 AMMACTS 6.9 5.3 15.8 19.9 17.9 23 SPANDANA 3.5 3.2 10.5 15.2 16.6 24 BFL 10 7 12 13.3 13.5 25 GFSPL 5.3 9.3 15.5 14.4 16.4 26 KBSLAB 19.2 12.1 11.6 10.9 10.7 155

27 ABCRDM 0.3 0.01 0.5 0.01 0.25 28 AML 4.31 6 8.9 10 11.1 29 BANDHAN 4 7.7 8.2 6.1 10.4 30 SAADHAN 3.8 8.7 11.5 11.1 13.9 31 NEED 15.7 15.5 12.7 9.6 11 32 JFSL 0.2 1.9 2.2 9.2 7 33 UJJIVAN 96 28 23 51 25.9 34 VFS 9.2 9.8 8.6 25.7 12.36 35 AROHAN 32.2 34 30.5 20.4 13.7 36 BJS 2.8 0.8 4.7 5.5 3.9 37 DISHA 6 6 4.1 7.8 9 38 EQUITAS 48 48 60 36 36.4 39 GOF 78.5 96 51 34 36 40 ASHIRVAD 54.2 54.2 72.4 36 24 156

E.16: Capital/Asset Ratio of MFIs of Bangladesh SN NAME OF MFIS 2005-06 2006-07 2007-08 2008-09 2009-10 1 ASA 53.6 56.5 58.3 58.8 59.5 2 BASTOB 20.4 20.1 19.5 65.4 10 3 BEES 16.1 11.6 15 10 4.2 4 BRAC 29.7 29.5 20.6 22.7 28.3 5 BURO BNGLADESH 37.2 34 29.3 19.8 13.1 6 DSK 15.2 9.5 4.8 11.2 9.1 7 GRAMEEN BANK 11.2 10.8 9.1 13 6.9 8 HEED 25 18.4 15.6 11.1 13.4 9 IDF 29 28.1 27.6 33 29.9 10 JCF 5.8 10.1-1 -1 12.6 11 PMUK 5.8 10.1-1 -1-1 12 POPI 7.5 7.5 6.7 6.7 6.7 13 RDRS 58.8 53 50 6.9 37.1 14 SAJIDA 31 23.5 18.4 14.7 16 15 SHAKTI 28.3 28.9 30.1 23.9 15.6 16 SSS 9 8 7.7 9.7 12.7 17 TMSS 20.7 19.1 20.6 20.5 19.1 18 UDDIPAN 19.3 12 8.3 5.8 8.9 19 ASOD 8.5 7.7 5.6 6.7 6.7 20 CDIP 30.5 14 14.5 16.3 18.2 21 COAST TRUST 9.1 7 4.2 4.9 5.5 22 CSS 61.9 66.1 70.2 58.1 46 23 ESDO 7.8 5.8 8.5 7.2 7.2 24 RIC 15.2 12.2 6 5.9 5.7 25 RRF 18.4 10.3 9.7 8.5 5.2 26 SKS BANGLADESH 10.8 9.4 2.4 4 5.6 157

E.17: Yield on Gross Portfolio of Indian MFIs SN NAME OF MFIS 2005-06 2006-07 2007-08 2008-09 2009-10 1 SEWA 28 28 28 27.7 28.4 2 CRESA 31.7 24.3 21 32 26.5 3 SKDRDP 8.7 10 13 13.4 13.5 4 GRAMA VIDYALAY 33 28 30.5 35.4 27.1 5 JANODAYA 27 27 27 26 28 6 RASS 17.4 17.1 15 16.6 15.6 7 GRAM UTTHAN 15.2 16.7 18 19.1 16.6 8 ADHIKAR 27.5 24 31 28 23.4 9 ESAF 25 25.5 26.5 27.5 23.5 10 SHARE 32 15 22.2 25.5 26.5 11 AWS 18.1 18.1 18.6 17.6 14.6 12 BSS 42.5 27.5 32 33.5 23.3 13 BISWA 6.9 10.9 39.9 18.5 21 14 NDFS 18.6 16.1 13.6 14.9 14.9 15 SANGMITRA 14.1 13 14.6 15.8 15.4 16 SWAWS 13.5 15.6 20.7 24.7 29.9 17 BASIX 27.2 25.7 26.3 26.1 24 18 NIDAN 20 26.3 12.5 14.8 13.7 19 SARVODAYA NANO FINANCE 11.1 10.4 12.1 12.4 13.5 20 SKS MICROFINANCE 21.5 23.7 25.2 26.3 25.6 21 CASPHOR MC 23 19.2 26.4 24 29 22 AMMACTS 23.7 24.6 23.8 25 24.4 23 SPANDANA 25.2 13.5 20.7 23.7 25.7 24 BFL 10.4 15 15.7 17 16.8 25 GFSPL 29.8 31.5 25.6 24.9 17.73 26 KBSLAB 19.8 18.8 19.7 21.5 22.3 158

27 ABCRDM 21 22 34 34.7 34.3 28 AML 21 15 17.2 25.4 25.6 29 BANDHAN 23.7 27 25.4 27 22.1 30 SAADHAN 25.6 27.5 29.3 29.8 28 31 NEED 21.2 21.2 17.5 24.8 22.5 32 JFSL 6.8 9.2 17.5 10.3 31 33 UJJIVAN 11.8 23.7 22.3 27.7 30.3 34 VFS 25 39 11 19.4 23.9 35 AROHAN 29.6 28.3 28.3 30.9 28 36 BJS 30.4 30.4 28.8 32 28.8 37 DISHA 16 16 16 3 29 38 EQUITAS 23.6 23.6 23.6 22.8 24.4 39 GOF 47.5 47.5 54 41 39 40 ASHIRVAD 35.5 35.5 35.5 35.7 35.3 159

E.18: Yield on Gross Portfolio of MFI of Bangladesh SN NAME OF MFIS 2005-06 2006-07 2007-08 2008-09 2009-10 1 ASA 28.9 28.5 26.3 24.6 23.4 2 BASTOB 24.9 24.9 25.5 24.2 23.6 3 BEES 21.3 21.1 21.5 20.4 21.3 4 BRAC 25.5 28.2 26.1 25.9 26.6 5 BURO BNGLADESH 30 28 27.2 27.8 29.3 6 DSK 11.9 11.9 2.1 21.7 21.78 7 GRAMEEN BANK 22.4 22.9 20.3 19.5 19.6 8 HEED 23 23 23.9 23.5 23.4 9 IDF 25.5 25 24.2 22.1 21.7 10 JCF 21.5 21.7 21.8 23.3 20.8 11 PMUK 37.9 37.9 38.7 36.1 36.1 12 POPI 41.6 41.6 41.6 41.6 41.6 13 RDRS 17.7 17.5 17.8 35 18.9 14 SAJIDA 23.3 23.3 24 22.6 24.5 15 SHAKTI 21.1 21.6 20.6 20.3 21.8 16 SSS 24.9 24.9 24.8 24.9 24.6 17 TMSS 24 23.5 24.1 23.4 22.1 18 UDDIPAN 23.2 23.2 23.2 45 23.1 19 ASOD 23.2 23.2 23.2 23.2 23.2 20 CDIP 25.6 25.6 25.6 25.6 25.6 21 COAST TRUST 21.3 21.3 21.7 21 21 22 CSS 21.5 21.5 21.5 21.5 21.5 23 ESDO 23.2 23.2 23.2 23.2 23.2 24 RIC 21.5 21.5 21.5 21.5 21.5 25 RRF 21.3 21.3 22 19.7 21.3 26 SKS BANGLADESH 22.3 22.3 22.3 22.3 22.3 160