Top 100 Microfinance Institutions in the World

For the third year running, MIX has released it’s Composite Ranking of the performance of microfinance institutions and Grameen Financial Services Pvt Ltd is the highest-ranked Indian MFI at No 4. Next comes SKS Microfinance at No 7, followed by Spandana at No 8. BASIX is ranked at No 11, SHARE at No 12, and Bandhan Microfinance at No 13.

What is the MIX Global 100 Composite Ranking?

The MIX Global 100 attempts to provide a composite picture of MFI performance using a series of attributes: outreach, efficiency, and transparency. It views MFI performance, something that is inherently local and influenced by the conditions of the market in which the MFI must operate, through the lens of universal goals—a financially sound institution and expanding outreach to clients at the lowest possible cost—and all done in the public arena so that others may learn from the experience.

Managers must strike a balance in achieving progress toward these goals, and the ranking methodology captures important trade-offs: strong growth without compromising credit risk, improving efficiency without compromising portfolio quality, and expanding access while still offering an array of services. While it does not purport to be the definitive microfinance ranking, this ranking does intend to offer a starting point for the analysis of institutions operating in the sector.

While readers may use the MIX Global 100 for many analytical purposes, several are explicitly not intended. The Composite Ranking is not intended to be a buy list of MFIs. The institutions have not been screened for their openness to foreign investment nor for the legality or practicality of cross-border investment in securities which they might issue.

The composite is also not intended to be a rating of the MFIs presented. The simplistic quantitative methodology used to construct the rankings does not replicate the scope and depth necessary to provide anything like a rating, and far less, a recommendation.

Download the 2009 MIX Global Composite Ranking of Microfinance Institutions at the link below:

2009 MIX Global 100 Composite – PDF – 15 Pages – 650 KB

Top 100 Microfinance Institutions in the World

2009Rank	OverallPercentile	MicrofinanceInstitution	Country	2008Rank
1	85.1%	MBK Ventura	Indonesia	1
2	84.8%	SDBL	Sri Lanka	4
3	83.6%	Shakti	Bangladesh	106
4	82.2%	GFSPL	India	180
5	81.5%	CARD Bank	Philippines	12
6	81.4%	BURO Bangladesh	Bangladesh	28
7	81.2%	SKS	India	3
8	80.9%	Spandana	India	23
9	80.8%	Grameen Bank	Bangladesh	2
10	80.3%	Lead Foundation	Egypt	n/a
11	80.3%	BASIX	India	32
12	80.3%	SHARE	India	26
13	80.3%	Bandhan	India	5
14	79.9%	Life Bank	Philippines	25
15	79.8%	VFS	India	219
16	79.8%	AMK	Cambodia	n/a
17	79.7%	Ameen	Lebanon	87
18	79.6%	AML	India	127
19	79.6%	ASA Philippines	Philippines	48
20	79.4%	GV	India	n/a
21	79.4%	Enda	Tunisia	20
22	79.3%	Caja Popular Mexicana	Mexico	143
23	79.2%	SWAWS	India	269
24	78.9%	Al Amana	Morocco	8
25	78.7%	ASBA	Egypt	467
26	78.3%	D-Miro	Ecuador	99
27	78.0%	Al Tadamun	Egypt	30
28	78.0%	GU	India	196
29	77.9%	JVS	Nepal	n/a
30	77.7%	CEP	Vietnam	89
31	77.7%	BISWA	India	90
32	77.7%	COAC Jardín Azuayo	Ecuador	33
33	77.6%	Cashpor MC	India	7
34	77.6%	BRAC	Bangladesh	9
35	77.6%	FINCA – ARM	Armenia	18
36	77.1%	Credi Fé	Ecuador	17
37	77.1%	SEAP	Nigeria	35
38	77.1%	ProCredit – SLV	El Salvador	51
39	77.0%	SKDRDP	India	59
40	76.9%	Fundación Espoir	Ecuador	86
41	76.8%	CrediComún	Mexico	380
42	76.6%	CrediAmigo	Brazil	68
43	76.6%	FONDESOL	Guatemala	516
44	76.6%	FIE FFP	Bolivia	60
45	76.5%	Saadhana	India	109
46	76.4%	Maata-N-Tudu	Ghana	244

 

2009 Rank	OverallPercentile	MicrofinanceInstitution	Country	2008Rank
47	76.4%	DBACD	Egypt	46
48	76.3%	AMRET	Cambodia	37
49	76.2%	PRIZMA	Bosnia and Herzegovina	70
50	76.2%	ProCredit Bank – MKD	Macedonia	42
51	76.1%	VFC – KHM	Cambodia	65
52	76.1%	CARD NGO	Philippines	16
53	76.1%	CompartamosBanco	Mexico	53
54	76.0%	TPC	Cambodia	67
55	76.0%	ASA	Bangladesh	71
56	75.9%	ABA	Egypt	168
57	75.8%	Sarvodaya Nano Finance	India	15
58	75.7%	EcoFuturo FFP	Bolivia	208
59	75.7%	AgroInvest	Serbia	204
60	75.6%	Tamweelcom	Jordan	10
61	75.6%	Valiant RB	Philippines	217
62	75.6%	Khan Bank	Mongolia	38
63	75.6%	OIBM	Malawi	93
64	75.5%	ProCredit – BOL	Bolivia	69
65	75.5%	MIKROFIN	Ecuador	58
66	75.5%	PRODEM FFP	Bolivia	309
67	75.4%	Azercredit	Azerbaijan	94
68	75.1%	BCSC	Colombia	n/a
69	75.0%	Pro Mujer – PER	Peru	80
70	75.0%	ADOPEM	Dominican Republic	155
71	74.9%	ACSI	Ethiopia	61
72	74.8%	ProCredit Bank Serbia	Serbia	44
73	74.8%	FODEMI	Ecuador	52
74	74.8%	CEOSS	Egypt	270
75	74.7%	EKI	Bosnia and Herzegovina	50
76	74.6%	ProCredit Bank – BIH	Bosnia and Herzegovina	11
77	74.6%	INECO	Armenia	36
78	74.5%	SMSS	India	407
79	74.5%	AREGAK UCO	Armenia	525
80	74.5%	ProCredit Bank – KOS	Kosovo	63
81	74.5%	FBPMC	Morocco	39
82	74.4%	CSD	Nepal	77
83	74.4%	Banco Solidario	Ecuador	135
84	74.4%	BSS	India	40
85	74.4%	FINCA – ECU	Ecuador	81
86	74.3%	ESAF	India	19
87	74.3%	Partner	Bosnia and Herzegovina	192
88	74.3%	Alwatani	Jordan	176
89	74.3%	NEED	India	293
90	74.2%	ProCredit Bank – BGR	Bulgaria	41
91	74.2%	Banco ADEMI	Dominican Republic	300
92	74.2%	MiBanco	Peru	108
93	74.2%	NWTF	Philippines	27
94	74.2%	ProCredit Bank – ROM	Romania	24
95	74.1%	ACLEDA	Cambodia	64
96	74.1%	COAC Kullki Wasi	Ecuador	369
97	74.1%	ASC Union	Albania	22
98	74.0%	TYM	Vietnam	113
99	74.0%	XacBank	Mongolia	62
100	73.9%	FONDEP	Morocco	54