2009 was the first year in the history of microfinance in the ECA region when the size of credit operations, both in terms of the volume of loan portfolio and the number of active borrowers, decreased during the year. The total size of the gross loan portfolio of all types of microfinance providers was 7% smaller in December 2009 compared to December 2008. The opposite development was observed in the deposit-taking activity: the total amount of savings collected by deposit taking microcredit providers grew by 15%, although there were significant differences among the sub-regions and deposit-taking institutions. To learn more about microfinance in the ECA region please download the following file.
