Ranking of Top Performing Microfinance Institutions Shows a Dynamic Sector Despite Impact of Economic Slowdown
WASHINGTON, March 4 /PRNewswire-USNewswire/ -- The Microfinance Information Exchange, Inc., a business information and data services provider for the global microfinance industry, released their annual rankings of microfinance institutions (MFIs). Now in its third year, The MIX Global 100 ranks MFIs using a number of criteria, including outreach, efficiency and transparency. This year's rankings are based on financial data from 2008, the most recent data available. The report is available for download at www.themix.org.
"This year's ranking shows a lot of movement and activity in the microfinance market throughout the developing world, with 34 MFIs entering the rankings for the first time," stated Blaine Stephens, COO and director of analysis for MIX. "We are seeing the stress of changing operational conditions due to the economic slowdown reflected in these rankings, as MFIs struggle to maintain efficient operations and keep their portfolios at risk low."
The 2009 edition of the MIX Global 100 ranks MBK Ventura from Indonesia as the top performing MFI for the second year in a row, in large part due to the MFI's highly efficient operations. "MBK Ventura excelled at minimizing costs to clients by maintaining low operating costs, low risk, and narrow profit margins, effectively reducing the total price that its customers pay for access to credit," stated Blaine Stephens.
About MIX
The Microfinance Information Exchange, Inc. (MIX) is the leading provider of data, analytics and business information for the microfinance industry. Dedicated to strengthening the microfinance sector by promoting transparency, MIX provides detailed financial, operational and social performance information on those institutions that provide financial services to the world's poor. MIX does this through a variety of publicly available platforms, including MIX Market (www.mixmarket.org) and the MicroBanking Bulletin.
MIX is a non-profit company founded by CGAP (the Consultative Group to Assist the Poor) and sponsored by CGAP, the Citi Foundation, Deutsche Bank Americas Foundation, Omidyar Network, IFAD (International Fund for Agricultural Development), Bill & Melinda Gates Foundation, and others. MIX is a private corporation. Visit www.themix.org for more information.
SOURCE Microfinance Information Exchange, Inc.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article