The Microfinance Information Exchange (MIX) has announced their 2009 edition of the Global 100 Composite: Rankings of Microfinance Institutions. Based on data published on MIX Market, the MIX Global 100 Composite Ranking highlights institutions that achieve high outreach and low transaction costs while being both profitable and transparent. The ranking surveyed the business results of 955 institutions for FY 2008.

Cumulatively these institutions issued more than US $37 billion in loans to 72 million borrowers and gathered US $22 billion in deposits from 67 million clients.

WWB congratulates the following network members that made the list, noted below with their respective rankings. We wish to especially acknowledge the particularly impressive achievement of our network member Shakti Foundation for Disadvantage Women in Bangladesh whose ranking went from 106 in 2008 to 3 in 2009.

Humaira Islam, the CEO of The Shakti Foundation, attributed the success of her organization to a focus on the mission: "Shakti Foundation’s total commitment to the belief that low income women have the capability to become entrepreneurs, leaders, and change makers, is the basis that motivate us to become ever more responsive to client need, quality service, and sustainable impacts."