Microfinance

10 Indian MFIs in global top 100 ranking

The institutions averaged a growth of above 50% in borrowers over the previous year

Mumbai: Indian microfinance institutions (MFIs) feature the most in a global list of the top 100 firms, as ranked by US-based Microfinance Information Exchange Inc. (MIX).The annual MIX Global 100 Composite Ranking features 10 Indian microfinance institutions in the list topped by Indonesia’s MBK Ventura, which has at least 64,000 borrowers. India’s SKS Microfinance Pvt. Ltd, with more than 1.6 million borrowers, has slipped from the top slot to second position.

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