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2007 MIX Global 100: Ranking of Microfinance Institutions The MIX (link to: www.themix.org) has introduced the 2007 MIX Global 100: Ranking of Microfinance Institutions highlighting the performance of the 100 leading microfinance institutions worldwide. According to the latest estimates, there are close to 10,000 microfinance providers in the world. Currently, the MIX maintains the most comprehensive database on MFI performance data. In the 2007 MIX Global 100, the MIX has ranked MDF-Kamurj as Number 16 in the list of top 100 MFIs based on the profitability criteria – the highest Return on Assets. |
"...significant accounting policies have been consistently applied by MDF-Kamurj in the preparation of financial statements and are consistent with those..."
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"Kamurj is highly profitable in comparsion to its peers and all MFIs...""...demonstrates strong financial performance..." |
"MDF-Kamurj has a strong affection for its clients and holds their best interests at heart."
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"KAMURJ Microenterprise Development Charitable Fund/Armenia has demonstrated a commitment to financial transparency by meeting the entry criteria for the CGAP Financial transparency award."
Patricia Mwangi, Microfinance Specialist, CGAP/World Bank
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