The 50 Top Microfinance Institutions
Forbes‘ first-ever list of the World’s Top 50 Microfinance Institutions were chosen from a field of 641 micro-credit providers. The list was prepared by the Microfinance Information Exchange ( www.themix.org) 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.
This sortable table gives the rank (out of 641) for the top institutions according to scale, which is based on the size of their gross loan portfolio; efficiency, which considers operating expense and the cost per borrower as a percent of the gross national income per capita of their country of operation; risk, which looks at the quality of their loan portfolios, measured as the percent of the portfolio at risk greater than 30 days; and return, which is measured as a combination of return on equity and return on assets. Each category is equally weighted for an institution’s overall ranking.
Rank
Name
Country
Scale
Efficiency
Risk
Returns
1
ASA
Bangladesh
14
83
56
40
2
Bandhan (Society and NBFC)
India
108
49
42
1
3
Banco do Nordeste
Brazil
46
27
213
25
4
Fundación Mundial de la Mujer Bucaramanga
Colombia
58
72
193
1
5
FONDEP Micro-Crédit
Morocco
119
26
196
1
6
Amhara Credit and Savings Institution
Ethiopia
56
126
118
42
7
Banco Compartamos, S.A., Institución de Banca Múltiple
Mexico
15
24
295
11
8
Association Al Amana for the Promotion of Micro-Enterprises Morocco
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
11
Consumer Credit Union ‘Economic Partnership’
Russia
82
300
19
1
12
Fondation Banque Populaire pour le Micro-Credit
Morocco
59
126
219
1
13
Microcredit Foundation of India
India
75
142
7
185
14
EKI
Bosnia and Herzegovina
66
102
242
1
15
Saadhana Microfin Society
India
263
79
73
1
16
Jagorani Chakra Foundation
Bangladesh
136
176
128
1
17
Grameen Bank
Bangladesh
8
280
100
62
18
Partner
Bosnia and Herzegovina
64
169
230
1
19
Grameen Koota
India
209
106
156
1
20
Caja Municipal de Ahorro y Crédito de Cusco
Peru
48
99
222
119
21
Bangladesh Rural Advancement Committee
Bangladesh
10
159
126
205
22
AgroInvest
Serbia
84
195
222
1
23
Caja Municipal de Ahorro y Crédito de Trujillo
Peru
20
163
220
101
23
Sharada’s Women’s Association for Weaker Section
India
229
207
55
13
24
MIKROFIN Banja Luka
Bosnia and Herzegovina
60
240
205
1
25
Khan Bank (Agricultural Bank of Mongolia LLP)
Mongolia
19
149
280
59
26
INECO Bank
Armenia
96
173
202
39
27
Fondation Zakoura
Morocco
51
268
194
1
28
Dakahlya Businessmen’s Association for Community Development
Egypt
200
215
102
1
29
Asmitha Microfin Ltd.
India
80
254
73
111
30
Credi Fe Desarrollo Microempresarial S.A.
Ecuador
28
252
206
34
31
Dedebit Credit and Savings Institution
Ethiopia
50
246
80
154
32
MI-BOSPO Tuzla
Bosnia and Herzegovina
128
120
283
1
33
Fundacion Para La Promocion y el Desarrollo
Nicaragua
173
89
171
100
34
Kashf Foundation
Pakistan
123
194
219
1
35
Shakti Foundation for Disadvantaged Women
Bangladesh
170
221
151
1
36
enda inter-arabe
Tunisia
198
90
257
1
37
Kazakhstan Loan Fund
Kazakhstan
120
118
320
1
38
Integrated Development Foundation
Bangladesh
300
134
140
1
39
Microcredit Organization Sunrise
Bosnia and Herzegovina
114
103
341
17
40
FINCA – ECU
Ecuador
125
138
264
54
41
Caja Municipal de Ahorro y Crédito de Arequipa
Peru
23
126
220
215
42
Crédito con Educación Rural
Bolivia
135
152
298
1
43
BESA Fund
Albania
109
135
345
1
44
SKS Microfinance Private Limited
India
61
395
141
1
45
Development and Employment Fund
Jordan
83
388
135
1
46
Programas para la Mujer – Peru
Peru
292
82
242
1
47
Kreditimi Rural i Kosoves LLC (formerly Rural Finance Project of Kosovo)
Kosovo
213
158
247
1
48
BURO, formerly BURO Tangail
Bangladesh
137
207
186
91
49
Opportunity Bank A.D. Podgorica
Serbia
49
234
319
23
50
Sanasa Development Bank
Sri Lanka
86
206
93
241
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