FMFB-Pakistan and FMFB-Tajikistan Among Top-100 MFIs in 2008 MIX Global 100 Rankings
Geneva, 27 December 2008 – The Aga Khan Agency for Microfinance was pleased to note that two of its institutions, First MicroFinanceBank-Pakistan (FMFB-Pakistan) and First MicroFinanceBank-Tajikistan (FMFB-Tajikistan), were ranked among the top-100 microfinance institutions by the Microfinance Information Exchange, Inc. (MIX), the microfinance industry’s leading source of information.
FMFB-Pakistan’s performance was particularly strong, ranking 7th overall. The rankings are based on the data of a sample of 652 microfinance institutions for calendar year 2007. Last year, FMFB - Pakistan was ranked 14th in the 2007 MIX Global 100 Composite Rankings.
As a global network, the Aga Khan Agency for Microfinance is represented twice in the list of top 100 MFIs with FMFB-Tajikistan ranking 92nd.
The MIX 2008 Global 100 Composite Ranking presents 100 leading microfinance institutions, out of a sample of 652 that are profitable and top performers for the balance of results achieved among three key attributes: outreach, efficiency, and transparency. When each of these areas is viewed as a goal of microfinance, this ranking measures the balance achieved by an individual MFI, relative to the other MFIs considered for the ranking.
For more information on FMFB-Pakistan, please contact:
Salimah Shiraj
Head of Communications
Tel: 92-21-5822432
Fax: 92-21-5822434
Cell: 0300-8200350
Email: salimah.shiraj@mfb.com.pk
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Aga Khan Agency for Microfinance
Microfinance for Women in Northern Pakistan
Since its establishment in 2005, the Aga Khan Agency for Microfinance (AKAM) has taken over 25 years of microfinance activities, programmes and banks that were administered by sister agencies within the AKDN. The underlying objectives of the Agency are to reduce poverty, diminish the vulnerability of poor populations and alleviate economic and social exclusion. more
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