WWB is proud to note that ten of its network members have been named to Forbes' first-ever list of the world's top 50 MFIs.
The list, chosen from a field of 641 reporting microfinance providers, was prepared by the Microfinance Information Exchange under the direction of Forbes magazine. To qualify, the institutions must have made available their audited financials and must have passed review by a Forbes panel of advisers, who examined six key variables: gross loan portfolio, operating expenses, operating expenses divided by the average number of active borrowers as a percentage of gross national income per capita, outstanding balance of loans overdue by more than 30 days as a percent of gross loan portfolio, return on assets and return on equity.
Each microfinance institution earned scores in four equally weighted categories -- scale, efficiency, portfolio risk and profitability. Rankings were then based on the combined average score of those four categories. Women's World Banking proudly salutes its network members that made the Forbes list.
|4||Fundación Mundial de la Mujer Bucaramanga||Colombia||58||72||193||1|
|8||Association Al Amana||Morocco||17||212||133||1|
|9||Fundación Mundo Mujer Popayán||Colombia||53||181||141||1|
|10||Fundación WWB Colombia - Cali||Colombia||27||206||155||4|
|32||MI-BOSPO||Bosnia and Herzegovina||128||120||283||1|
|35||Shakti Foundation for Disadvantaged Women||Bangladesh||170||221||151||1|
|41||Caja Municipal de Ahorro y Crédito de Arequipa||Peru||23||126||220||215|
Read the full Forbes article and the full list of Forbes' Top Microfinance Institutions.