Variable

Measure

Notation

Expected effect

Dependent

Portfolio at Risk > 30 days Ratio

Outstanding balance of all loans with arrears more than 30 days over the outstanding gross loan portfolio in percent.

PAR30

N/A

Independent

Exchange rate

Local currency (HTG) units per U.S. dollar.

EXR

+

Inflation

Inflation rate as measured by the consumer price index

INFL

±

Loan Amount per Borrower

Loan amount disbursed to borrowers on average/Loan size (Level of indebtedness of borrowers).

LAB

+

Gross Loan Portfolio

All outstanding principal for all outstanding client loans.

GLP

+