In December, MIX (Microfinance Information Exchange, Inc.) released the 2008 MIX Global 100 Composite, its annual report ranking the top 100 MFIs throughout the developing world. The report analyzes and ranks MFI performance based on 2007 data.
Four Unitus partners were recognized: MBK Ventura was named the top-performing MFI for the year, while SKS, AMK, and Grameen Koota ranked 2nd, 19th, and 87th, respectively. According to MIX, “This year’s number-one-ranked MBK Ventura operates in a large market, and has grown rapidly to expand access to microenterprise loans throughout the region. At the same time, it led the sector in terms of decreasing costs to clients by reducing transaction costs, minimizing profit margins, and maintaining high portfolio quality.”
Please join us in extending our congratulations to MBK Ventura, SKS, AMK, and Grameen Koota!