2009 MIX Global 100: Ranking of Microfinance Institutions

This MIX Global 100 Composite Ranking attempts to provide a composite picture of MFI performance, using attributes such as outreach, efficiency, and transparency. It views MFI performance through the lens of universal goals of a financially sound institution and expanding outreach to clients at the lowest possible cost.

The ranking methodology captures important trade-offs such as strong growth without compromising credit risk, improving efficiency without compromising portfolio quality, and expanding access while still offering an array of services.

The ranking intends to offer a starting point for analysis of institutions operating in the microfinance sector. Highlights include:

• MFIs became more cautious in their lending as economic growth slowed down in several markets;
• Changing operating conditions in 2008 caused stress for many MFIs;
• Meeting the efficiency goal was elusive across the ranking,
• NGOs across the board demonstrated better transparency compared to previous year's ranking;
• Number of Indian MFIs in the top 100 doubled from 10 in the previous year to 20 in the current ranking;
• Equador placed nearly 10 MFIs in the top 100;
• Six MFIs with fewer than five years in business made the top 100 with their 2008 results.