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The World's Top Microfinance Institutions According to Forbes Magazine

WWB is proud to note that ten of its network members have been named to Forbes' first-ever list of the world's top 50 MFIs.

The list, chosen from a field of 641 reporting microfinance providers, was prepared by the Microfinance Information Exchange 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, who examined six key variables: gross loan portfolio, operating expenses, operating expenses divided by the average number of active borrowers as a percentage of gross national income per capita, outstanding balance of loans overdue by more than 30 days as a percent of gross loan portfolio, return on assets and return on equity. Each microfinance institution earned scores in four equally weighted categories -- scale, efficiency, portfolio risk and profitability. Rankings were then based on the combined average score of those four categories.

Women's World Banking proudly salutes its network members that made the Forbes list. They are:

Forbes notes that its rankings attempt to measure financial performance, not the social benefits of any microfinance institution. To read the full Forbes article, please click here.

To see the full list of Forbes' Top Microfinance Institutions, please click here.