By Brad Stave
The Microfinance Information Exchange (MIX) recognised four VisionFund network microfinance institutions (MFIs) as among the top 100 microfinance institutions in the world. MIX is a leading business information provider dedicated to strengthening the microfinance sector and providing financial and social performance information from leading players in microfinance.
The four VisionFund microfinance institutions are:
• FODEMI of Ecuador (ranked 45th)
• CREDO of Georgia (ranked 47th)
• EKI of Bosnia and Herzegovina (ranked 60th)
• VisionFund Cambodia of Cambodia (ranked 67th)
Institutions considered by MIX were audited and ranked based on their success in providing clients with expanding access to financial services. Their costs per client were evaluated and they were scrutinized in reference to their ability to minimise costs. This, along with insuring transparency and assessing profitable operations, were some of the considerations during the selection process.
To review the details of this year’s MIX global 100 composite ranking please reference the following document:
MIX global 100 composite