Mr. Moyer is a Senior Consultant with Wainwright Investment Counsel which is based in Boston, Massachusetts. Mr. Moyer also serves as a director and member of the Audit Committee of Ferroviaria Oriental, a publicly traded cargo and passenger transportation company in Bolivia. His international career started as a Peace Corps volunteer in Colombia. He joined First National Bank of Boston in 1968 and served as an officer of the Bank in Boston, Australia, Central America, the Dominican Republic, Bolivia, Panama and Taiwan. Mr. Moyer is a Yale University graduate and received an MBA in finance from Cornell University.
Pro Mujer is an international microfinance network, offering an integrated package of financial services, business training and healthcare to Latin America’s poorest women entrepreneurs. Beginning in Bolivia in 1990, Pro Mujer now also operates in Argentina, Mexico, Nicaragua and Peru. It has disbursed $246 million in small loans averaging $253. Pro Mujer clients have saved $8.9 million in individual accounts. Total assets for Pro Mujer International globally equaled $25.15 million at the end of 2005.
Financial data can be found for Pro Mujer Bolivia, Mexico, Nicaragua, and Peru individually on the MIX Market, the microfinance institution informational clearinghouse. As recorded at the end of 2005, Pro Mujer Bolivia had 64,517 active borrowers. Its gross loan portfolio equaled $11.16 million, total assets equaled $13.16 million, and total equity was $8.24 million. The debt to equity ratio was 59.73%, return on assets equaled 6.67%, and return on equity equaled 10.26% at the end of 2005.
Pro Mujer Mexico recorded 12,641 active borrowers at the end of 2005. Its gross loan portfolio equaled $2.77 million, total assets equaled $3.49 million, and total equity equaled $1.40 million. Its debt to equity ratio was 149.0% at the end of 2005. Return on assets and return on equity data is not available on the MIX Market.
Pro Mujer Nicaragua had 13,815 active borrowers at the end of 2005. Its gross loan portfolio equaled $2.54 million, total assets equaled $3.15 million, and total equity equaled $2.00 million. The debt to equity ratio was 56.92%, return on assets equaled 12.97%, and return on equity was 18.28% at the end of 2005.
Pro Mujer Peru had 28,071 active borrowers as recorded at the end of 2005. Its gross loan portfolio equaled $3.43 million, total assets equale $4.09 million, and total equity equaled $2.42 million. The debt to equity ratio was 69.21%, return on assets equaled 12.81%, and return on equity equaled 22.47% at the end of 2005.
by Lori Chang, MicroCapital.org Writer
Sources:
1) ProMujer: Press Release
2) ProMujer: Homepage
3) ProMujer: 2005 Combined Financial Statement
4) MIX Market: Pro Mujer Bolivia Profile
5) MIX Market: Pro Mujer Mexico Profile
6) MIX Market: Pro Mujer Nicaragua Profile
7) MIX Market: Pro Mujer Peru Profile
