The Microfinance Information Exchange (MIX), the microfinance information clearinghouse, recently released its third annual ranking of microfinance institutions (MFIs), The Mix Global 100. The ranking is based on criteria including outreach, efficiency and transparency.

Mr Blaine Stephens, COO and director of analysis for MIX, said, “This year’s ranking shows a lot of movement and activity in the microfinance market throughout the developing world, with 34 MFIs entering the rankings for the first time… We are seeing the stress of changing operational conditions due to the economic slowdown reflected in these rankings, as MFIs struggle to maintain efficient operations and keep their portfolios at risk low.”

By: Stefanie Rubin, Research Associate

About the Microfinance Information Exchange (MIX):

Established in 2002, Microfinance Information Exchange (MIX) is a nonprofit organization with headquarters in Washington, DC, and regional offices in Peru, Senegal, India and Indonesia. MIX provides detailed financial and social performance information from microfinance institutions (MFIs), as well as business information from market facilitators and donor organizations and investors in microfinance. MIX was founded by CGAP (Consultative Group to Assist the Poor) and is sponsored by Citi Foundation, Deutsche Bank Americas Foundation, International Fund for Agricultural Development (IFAD), and the Bill & Melinda Gates Foundation.

Additional Resources:

The Microfinance Information Exchange: 2009 MIX Global 100 Composite: http://www.themix.org/publications/2009-mix-global-100-composite

MicroCapital Universe: The Microfinance Information Exchange (MIX): http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Microfinance+Information+Exchange+%28MIX%29