2008 mfi benchmarks

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MicroBanking Bulletin: 2008 Benchmarks Language Getting Started Tables Indicators INSTITUTIONAL CHARACTERISTICS FINANCING STRUCTURE OUTREACH INDICATORS MACROECONOMIC INDICATORS OVERALL FINANCIAL PERFORMANCE REVENUES EXPENSES EFFICIENCY PRODUCTIVITY RISK AND LIQUIDITY Definitions Indicator Definitions Participating Institutions Peer Group Classifications About Microfinance Information eXchange (MIX) MicroBanking Bulletin and Performance Benchmarks This spreadsheet contains benchmark data on the performance of microfinance institutions around the globe. These benchmarks are the results for groups of institutions -- peer groups -- sharing common characteristics, such as region of operation or size. Click on any of the links below to explore the performance results of these peer groups in a given area: outreach, financial structure, profitability, productivity or risk.

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Page 1: 2008 MFI Benchmarks

MicroBanking Bulletin: 2008 Benchmarks

Language 3

Getting Started

Tables IndicatorsINSTITUTIONAL CHARACTERISTICS ###FINANCING STRUCTURE ###OUTREACH INDICATORS ###MACROECONOMIC INDICATORS ###OVERALL FINANCIAL PERFORMANCE ###REVENUES ###EXPENSESEFFICIENCYPRODUCTIVITYRISK AND LIQUIDITY

DefinitionsIndicator DefinitionsParticipating InstitutionsPeer Group Classifications

AboutMicrofinance Information eXchange (MIX)

MicroBanking Bulletin and Performance Benchmarks

This spreadsheet contains benchmark data on the performance of microfinance institutions around the globe. These benchmarks are the results for groups of institutions -- peer groups -- sharing common characteristics, such as region of operation or size. Click on any of the links below to explore the performance results of these peer groups in a given area: outreach, financial structure, profitability, productivity or risk.

Page 2: 2008 MFI Benchmarks

2006 MFI Benchmark HighlightsClick here for index and instructions

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INSTITUTIONAL CHARACTERISTICS FINANCING STRUCTURE

PEER GROUP

Age Total Assets Offices Personnel

Units nb US$ nb nb % x % % %Year: 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008

All MFIs 1,084 11 6,434,037 9 87 22.3 3.1 16.7 9.1 78.0 SIMPLE PEER GROUPSAge

New 191 3 2,946,309 5 53 31.9 1.6 6.7 0.7 76.5 Young 203 7 4,383,587 7 64 23.8 2.7 15.4 6.2 76.7 Mature 657 14 9,375,210 11 111 21.5 3.5 23.8 12.5 78.5

Charter Type:Bank 82 11 162,784,104 31 691 15.2 5.3 74.2 48.0 68.9 Credit Union 182 11 3,581,221 4 24 18.6 3.7 78.0 61.2 80.1 NBFI 338 8 8,930,595 11 128 24.2 2.9 0.0 0.0 79.9 NGO 389 12 4,334,131 9 75 33.6 1.7 0.0 0.0 78.2 Rural Bank 84 21 6,877,332 5 81 13.8 6.2 83.3 61.4 72.1

Financial IntermediationNon FI 398 10 4,632,395 7 56 33.9 1.8 0.0 0.0 82.3 Low FI 159 9 6,063,409 11 119 28.0 1.9 12.6 9.4 73.2 High FI 393 12 8,655,520 10 116 15.7 4.8 77.8 58.7 74.3

Methodology:Individual 281 10 6,302,049 6 51 20.7 3.6 40.4 27.9 82.8 Individual/ Solidarity 272 11 6,430,106 10 97 23.4 2.8 5.1 2.6 76.1 Solidarity 67 9 4,360,894 8 80 17.1 3.4 30.4 15.0 73.7 Village Banking 59 13 6,113,161 14 145 24.0 3.2 0.0 0.0 79.8

OutreachSmall (Outreach) 553 9 2,226,456 4 30 27.7 2.1 8.1 0.7 78.9 Medium (Outreach) 241 11 9,524,429 13 142 25.8 2.6 11.6 7.8 77.1 Large (Outreach) 273 12 47,378,443 41 551 16.4 4.8 30.5 20.5 77.0

Profit StatusProfit 414 9 11,863,846 12 151 19.0 4.1 35.4 20.8 74.2 Not for Profit 665 11 4,632,395 7 58 25.6 2.3 6.8 1.4 80.2

Region:Africa 195 10 4,994,906 8 88 26.1 2.3 53.3 35.0 65.8 Asia 283 12 7,189,772 12 134 14.9 5.0 30.8 15.9 74.3 ECA 217 9 4,721,984 6 34 22.9 2.9 0.0 0.0 87.9 LAC 333 12 8,196,305 9 86 24.9 2.9 0.0 0.0 80.3 MENA 56 10 9,686,430 10 107 48.5 0.9 0.0 0.0 72.1

ScaleSmall (Scale) 428 8 1,390,311 3 24 32.7 1.7 2.9 0.0 76.6 Medium (Scale) 304 10 6,571,742 9 96 23.3 2.7 19.7 12.6 77.3 Large (Scale) 351 12 46,119,113 28 393 18.7 4.3 33.0 22.2 79.2

Sustainability:FSS 557 12 9,417,989 11 112 21.5 3.6 17.1 12.4 80.2 Non-FSS 354 9 4,491,402 9 88 22.9 2.2 3.7 2.1 74.3

Target Market:Low end 425 9 4,214,670 8 88 28.2 2.0 3.0 0.1 76.3 Broad 498 11 8,166,527 9 81 20.8 3.6 24.5 11.6 81.1 High end 78 10 17,156,666 12 113 21.9 3.4 40.4 31.0 76.7 Small Business 64 8 18,012,390 6 90 17.5 4.4 81.3 48.5 68.2

COMPOUND PEER GROUPSAfrica Small FSS 16 9 1,362,709 3 24 27.9 2.6 35.8 26.0 74.4 Africa Small Non FSS 34 9 1,226,420 7 39 33.4 1.4 47.0 27.7 60.2 Africa Medium FSS 20 10 5,863,743 7 105 35.0 1.9 28.2 20.6 71.0 Africa Medium Non FSS 29 8 6,063,409 10 134 25.6 1.9 46.5 31.5 58.6 Africa Large FSS 26 14 39,968,345 35 410 19.2 3.9 72.2 53.5 65.4 Africa Large Non FSS 19 15 46,551,910 37 428 17.5 3.7 70.2 46.5 73.5 Asia Small FSS 22 13 1,365,225 5 48 18.7 4.2 44.9 34.8 74.0 Asia Small Non FSS 21 12 1,175,790 7 55 17.9 3.4 14.2 9.6 69.8 Asia Medium FSS 45 14 5,573,514 13 126 12.9 6.8 39.6 29.0 76.0 Asia Medium Non FSS 25 5 6,050,969 23 191 8.3 4.0 13.7 12.0 74.6 Asia Large FSS 58 15 26,322,242 31 565 15.4 5.5 26.0 18.9 75.5 Asia Large Non FSS 20 13 29,476,397 73 949 18.4 4.5 6.5 5.3 76.8 ECA Small FSS 40 5 704,005 2 8 27.7 2.3 0.0 0.0 88.6 ECA Small Non FSS 35 5 649,797 1 8 25.7 1.5 0.0 0.0 89.9 ECA Medium FSS 23 8 5,253,748 5 40 33.0 2.0 6.4 5.7 90.1 ECA Medium Non FSS 24 9 4,141,396 7 33 35.3 1.4 0.0 0.0 83.8 ECA Large FSS 52 10 58,996,434 27 289 18.9 4.3 20.3 16.8 85.9 ECA Large Non FSS 25 9 42,463,253 17 288 20.7 3.8 0.0 0.0 85.8 LAC Small FSS 73 12 2,250,396 3 23 43.8 1.3 0.0 0.0 81.2 LAC Small Non FSS 56 9 1,688,343 3 32 37.0 1.3 0.0 0.0 73.0 LAC Medium FSS 64 12 8,968,032 8 78 28.5 2.5 0.0 0.0 85.1 LAC Medium Non FSS 26 13 8,752,111 16 144 18.9 4.3 11.9 9.0 75.8 LAC Large FSS 88 16 79,476,965 28 439 16.1 5.2 57.5 46.4 82.4 LAC Large Non FSS 20 12 46,810,343 18 293 21.0 3.2 5.0 3.1 75.3 MENA Small FSS 7 8 1,088,494 4 54 37.3 1.7 17.8 11.6 63.7 MENA Small Non-FSS 9 6 1,792,223 4 36 37.8 0.9 3.7 2.1 54.4 MENA Medium FSS 6 11 5,628,609 10 111 57.6 0.7 0.0 0.0 79.0 MENA Medium Non-FSS 5 11 4,500,308 9 168 52.5 0.9 0.0 0.0 65.2 MENA Large FSS 17 12 30,641,608 17 288 47.4 1.1 0.0 0.0 82.9 MENA Large Non-FSS 6 9 24,671,556 10 325 40.5 1.8 0.1 0.1 73.2

For definitions of Peer Groups, refer to the Peer Group Classification section of this file

Number of MFIs

Capital/ Asset Ratio

Debt to Equity

Deposits to Loans

Deposits to Total Assets

Portfolio to Assets

Page 6: 2008 MFI Benchmarks

For details on indicator definitions, refer to the Indicator Definitions section of this file "n/a" denotes results for Peer Groups with less than three observations

Page 7: 2008 MFI Benchmarks

PEER GROUPUnitsYear:

All MFIsSIMPLE PEER GROUPSAge

NewYoungMature

Charter Type:BankCredit UnionNBFINGORural Bank

Financial IntermediationNon FILow FIHigh FI

Methodology:IndividualIndividual/ SolidaritySolidarityVillage Banking

OutreachSmall (Outreach)Medium (Outreach)Large (Outreach)

Profit StatusProfitNot for Profit

Region:AfricaAsiaECALACMENA

ScaleSmall (Scale)Medium (Scale)Large (Scale)

Sustainability:FSSNon-FSS

Target Market:Low endBroadHigh endSmall Business

COMPOUND PEER GROUPSAfrica Small FSSAfrica Small Non FSSAfrica Medium FSSAfrica Medium Non FSSAfrica Large FSSAfrica Large Non FSSAsia Small FSSAsia Small Non FSSAsia Medium FSSAsia Medium Non FSSAsia Large FSSAsia Large Non FSS ECA Small FSS ECA Small Non FSS ECA Medium FSS ECA Medium Non FSS ECA Large FSS ECA Large Non FSS LAC Small FSS LAC Small Non FSS LAC Medium FSS LAC Medium Non FSS LAC Large FSS LAC Large Non FSS MENA Small FSS MENA Small Non-FSS MENA Medium FSS MENA Medium Non-FSS MENA Large FSS MENA Large Non-FSS

OUTREACH INDICATORS

nb % nb US$ US$ % US$ %2008 2008 2008 2008 2008 2008 2008 2008

9,013 60.0 9,234 4,128,377 525 36.5 527 35.4

3,781 66.5 4,220 1,845,751 380 29.4 381 28.9 7,026 57.2 7,074 2,892,796 467 33.5 475 31.2 12,689 59.4 12,997 6,577,342 676 40.8 648 38.8

45,858 43.5 51,202 103,990,796 2,003 113.0 1,744 109.4 1,850 45.1 1,919 2,273,336 1,509 59.8 1,329 55.3 12,162 54.2 12,279 6,299,762 631 48.2 631 47.6 9,703 79.1 10,341 2,753,772 251 16.0 242 15.7 6,406 45.3 7,086 2,936,410 545 41.5 527 41.5

5,990 62.8 6,035 3,323,830 522 24.5 517 22.8 13,511 81.6 13,611 4,543,920 233 25.7 227 25.6 12,214 52.4 12,336 6,147,891 905 53.2 853 49.5

4,353 46.2 4,429 4,688,212 1,404 51.3 1,292 46.5 10,525 64.9 10,336 4,614,081 435 33.6 430 32.7 13,161 98.7 13,205 2,592,286 111 14.6 110 14.6 17,916 86.3 18,397 4,892,976 152 14.7 158 15.5

2,417 53.0 2,466 1,388,657 722 42.1 698 40.3 16,077 65.7 16,338 6,998,218 450 35.1 438 35.3 70,565 70.4 73,508 33,223,939 290 27.6 298 26.8

12,740 54.2 12,895 7,007,552 680 50.3 684 47.8 6,804 63.7 7,018 3,068,469 451 30.1 451 28.9

9,143 57.2 9,620 2,708,387 308 67.8 311 64.0 17,239 93.8 16,483 3,677,827 166 17.8 164 16.7 2,156 43.1 2,250 3,949,277 2,174 68.3 2,115 65.1 9,768 59.6 9,844 6,715,949 780 25.5 739 24.9 11,785 65.4 12,589 5,153,360 317 15.8 314 15.5

2,130 63.3 2,183 916,600 348 22.5 349 22.0 10,502 64.1 10,854 4,813,109 485 38.1 472 37.2 44,257 52.5 45,536 32,973,000 1,012 56.0 992 51.5

13,370 59.2 13,450 7,359,172 764 39.8 738 37.9 8,852 62.6 8,712 3,203,964 417 34.5 414 33.4

12,628 84.9 12,628 2,575,585 159 11.4 163 11.1 7,482 49.4 7,659 5,476,159 949 54.6 924 51.1 8,735 40.0 8,746 10,992,551 2,388 190.0 2,148 182.2 2,254 35.3 2,302 9,986,706 2,841 402.1 2,638 344.6

2,570 56.3 2,570 1,037,793 235 40.9 267 41.9 3,453 68.7 3,537 658,150 145 35.7 131 34.8 10,049 63.7 10,067 3,809,139 446 79.7 446 79.7 14,259 59.6 14,259 3,503,663 246 51.7 244 49.3 34,385 52.3 35,125 25,219,140 930 170.4 930 166.7 51,580 43.4 54,425 28,705,034 591 118.2 570 118.2 3,770 77.9 4,162 1,015,750 197 11.9 197 11.9 9,046 86.2 9,046 962,207 131 13.4 131 13.2 23,134 100.0 23,134 4,674,894 207 18.1 207 17.6 36,629 98.0 36,629 5,001,148 117 13.7 113 14.4 97,239 95.5 87,045 20,095,021 150 17.4 150 15.5 160,829 96.0 141,435 24,407,361 140 18.9 130 19.2 367 54.7 367 588,397 1,526 55.7 1,480 54.4 328 40.1 328 515,324 1,786 62.9 1,608 55.2 3,143 47.5 3,143 4,688,212 1,145 57.5 1,132 53.2 1,577 43.8 1,740 3,746,608 3,005 66.8 3,005 65.3 28,899 41.6 29,924 51,557,800 2,389 91.9 2,238 88.2 12,215 33.7 12,217 34,301,807 3,223 120.0 3,194 104.2 2,854 63.1 2,930 1,724,647 446 14.3 441 13.4 2,854 70.9 2,854 1,218,715 401 8.3 401 7.6 9,391 58.1 9,515 7,550,565 841 27.7 810 27.6 13,026 79.4 13,026 6,654,772 449 16.2 432 15.5 51,902 49.6 57,341 64,934,089 1,611 56.5 1,480 50.1 28,532 61.4 28,532 31,759,893 1,146 33.9 1,146 27.4 3,133 100.0 3,141 662,086 133 12.7 133 12.7 2,350 82.2 2,350 1,118,154 211 17.7 211 17.7 15,784 72.7 15,784 4,404,334 239 12.5 239 12.5 17,818 71.9 17,818 3,703,118 264 12.4 264 12.4 37,704 58.3 66,182 16,565,033 706 18.4 606 20.6 47,744 45.0 47,744 18,398,215 667 35.0 651 34.3 For definitions of Peer Groups, refer to the Peer Group Classification section of this file

Number of Active

Borrowers

Percent of Women

Borrowers

Number of Loans

Outstanding

Gross Loan Portfolio

Average Loan

Balance per Borrower

Average Loan Balance per

Borrower/ GNI per Capita

Average Outstanding

Balance

Average Outstanding

Balance / GNI per Capita

Page 8: 2008 MFI Benchmarks

For details on indicator definitions, refer to the Indicator Definitions section of this file "n/a" denotes results for Peer Groups with less than three observations

Page 9: 2008 MFI Benchmarks

PEER GROUPUnitsYear:

All MFIsSIMPLE PEER GROUPSAge

NewYoungMature

Charter Type:BankCredit UnionNBFINGORural Bank

Financial IntermediationNon FILow FIHigh FI

Methodology:IndividualIndividual/ SolidaritySolidarityVillage Banking

OutreachSmall (Outreach)Medium (Outreach)Large (Outreach)

Profit StatusProfitNot for Profit

Region:AfricaAsiaECALACMENA

ScaleSmall (Scale)Medium (Scale)Large (Scale)

Sustainability:FSSNon-FSS

Target Market:Low endBroadHigh endSmall Business

COMPOUND PEER GROUPSAfrica Small FSSAfrica Small Non FSSAfrica Medium FSSAfrica Medium Non FSSAfrica Large FSSAfrica Large Non FSSAsia Small FSSAsia Small Non FSSAsia Medium FSSAsia Medium Non FSSAsia Large FSSAsia Large Non FSS ECA Small FSS ECA Small Non FSS ECA Medium FSS ECA Medium Non FSS ECA Large FSS ECA Large Non FSS LAC Small FSS LAC Small Non FSS LAC Medium FSS LAC Medium Non FSS LAC Large FSS LAC Large Non FSS MENA Small FSS MENA Small Non-FSS MENA Medium FSS MENA Medium Non-FSS MENA Large FSS MENA Large Non-FSS

OUTREACH INDICATORS OUTREACH INDICATORS MACROECONOMIC INDICATORS

Deposits

nb nb US$ US$ % US$ % US$ % % % %2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008

2,547 5,262 263,063 145 14.0 138 13.0 1,600 6.8 5.1 6.4 38.5

13 130 39,851 114 14.0 117 13.5 950 7.5 5.9 7.7 30.92,438 3,451 162,514 90 10.0 81 9.0 1,600 7.1 5.9 7.0 35.25,169 8,931 445,550 178 17.0 176 16.0 1,600 6.4 5.0 6.3 41.7

80,741 83,566 59,762,401 733 32.0 667 32.0 1,655 7.1 6.8 7.8 31.23,340 3,695 1,418,227 412 18.0 390 18.0 3,150 6.2 5.0 6.1 36.6

0 72 0 111 16.0 109 16.0 1,474 7.8 5.4 7.3 30.90 1,193 0 33 3.0 31 3.0 1,515 6.4 6.0 6.4 43.6

13,865 13,474 2,278,974 175 15.0 163 14.5 1,600 6.3 3.7 6.1 59.5

0 0 0 n/a n/a n/a n/a 2,710 7.1 5.9 6.4 40.610,944 10,646 348,104 35 4.0 32 4.0 950 6.3 5.2 6.4 34.322,289 23,575 4,690,311 270 19.0 252 19.0 1,600 6.4 5.0 6.1 36.4

1,108 2,445 450,226 561 22.0 518 20.5 3,200 7.1 5.1 6.1 41.72,920 5,009 72,516 108 12.5 102 11.0 1,590 6.4 5.4 6.5 35.29,439 12,380 347,681 29 5.0 21 3.0 770 7.1 6.0 7.0 59.5

0 0 0 46 7.0 46 7.0 950 8.6 6.0 6.4 36.5

391 1,193 41,128 183 15.0 178 13.0 2,090 6.3 5.1 6.4 36.413,039 14,526 338,451 92 11.0 93 10.5 1,595 6.7 5.0 6.1 34.349,167 72,085 3,179,734 145 18.5 143 16.0 1,050 7.1 5.3 6.4 43.6

8,265 11,512 1,137,548 179 20.0 178 20.0 1,600 7.1 5.4 6.3 34.3562 2,264 49,980 111 11.5 106 10.0 1,600 6.6 5.1 6.4 40.6

18,336 18,434 1,366,283 98 19.0 96 19.0 560 6.1 6.0 8.0 28.16,700 7,453 529,766 56 7.0 55 6.0 950 7.1 6.0 6.3 59.5

0 0 0 1,855 44.0 1,620 41.5 3,780 8.1 5.4 9.0 42.9950 3,716 0 466 15.0 439 13.0 3,340 5.7 5.0 4.0 30.9

0 2,594 0 26 2.0 26 2.0 1,500 5.3 5.8 5.4 96.2

147 521 19,063 96 10.0 91 9.0 1,650 6.3 5.1 6.4 36.410,329 12,311 903,559 93 11.0 98 10.0 1,590 6.7 5.2 6.4 40.618,802 37,479 7,614,672 410 29.5 402 26.0 1,600 7.1 5.1 6.1 38.5

3,238 6,959 357,197 261 16.0 251 15.0 2,090 7.1 5.0 6.1 38.5425 1,844 68,937 105 13.0 100 13.0 1,505 6.3 5.6 7.0 36.0

598 3,331 32,561 36 4.0 35 3.0 1,600 7.1 5.3 6.3 42.92,875 5,009 463,306 243 18.0 231 17.0 1,650 6.8 5.1 6.3 36.0

13,236 22,167 3,037,117 381 36.5 327 34.5 1,175 6.2 4.9 8.6 33.56,161 8,154 3,882,179 563 82.0 457 73.5 610 7.5 6.0 9.1 29.5

3,503 3,503 251,132 51 10.0 51 10.0 495 4.6 4.7 6.0 31.15,009 7,472 214,983 76 16.0 61 15.0 495 6.1 6.3 10.7 29.5

24,930 24,930 1,536,943 80 12.0 80 12.0 535 6.2 6.0 10.0 22.720,359 20,412 1,468,928 69 17.0 85 17.5 400 6.8 6.8 7.0 28.1

148,219 160,278 23,556,784 145 34.0 145 33.5 600 6.1 6.5 6.1 28.194,895 98,822 18,253,841 207 35.0 191 35.0 610 4.7 4.1 5.9 31.4

5,342 6,118 450,226 77 5.5 77 5.5 1,600 7.1 3.7 6.2 59.54,900 5,156 163,312 44 6.5 44 4.0 1,540 6.8 6.0 6.3 59.5

18,250 18,271 1,556,001 77 10.0 80 7.0 1,600 7.1 3.7 6.3 59.524,895 24,518 464,930 19 3.0 21 3.0 950 9.1 6.0 7.6 59.219,779 22,147 2,814,977 117 10.5 112 8.0 950 9.1 4.8 6.4 59.554,236 27,125 1,486,363 36 7.0 35 6.5 860 7.9 6.0 7.6 59.2

0 0 0 3,188 42.5 3,134 41.5 4,970 8.1 5.1 9.0 42.90 0 0 4,134 55.0 3,676 48.5 4,460 8.1 5.1 9.0 42.90 896 275,060 1,237 23.0 1,226 18.0 2,710 8.2 6.7 9.0 36.00 0 0 3,582 48.0 2,826 38.0 4,460 8.1 5.1 9.0 42.90 6,932 15,195,678 1,558 45.0 1,466 38.5 2,710 8.2 5.4 6.4 33.40 0 0 1,576 51.0 1,576 51.0 3,360 7.9 5.7 9.0 36.60 0 0 162 5.0 162 5.0 3,340 4.7 5.0 3.6 27.10 0 0 281 9.0 281 9.0 4,100 5.2 5.0 4.0 30.8

100 1,270 0 400 15.0 299 11.0 3,150 5.7 4.9 4.0 30.912,441 12,835 757,351 78 3.0 78 3.0 3,175 3.4 5.3 4.5 35.140,538 52,794 25,510,046 907 31.0 835 28.0 3,340 6.3 4.7 4.0 30.912,388 20,485 882,311 817 18.0 719 18.0 4,100 6.0 6.3 5.5 30.9

3,314 13,579 59,934 22 2.0 22 2.0 1,500 7.1 8.0 7.9 96.21,534 1,534 34,318 36 2.0 36 2.0 950 3.3 5.0 7.9 35.2

0 0 0 n/a n/a n/a n/a 1,500 6.8 5.8 7.4 96.20 n/a 0 n/a n/a n/a n/a 1,500 6.6 5.4 5.4 96.20 n/a 0 n/a n/a n/a n/a 2,625 6.6 5.4 5.4 104.8

187 822 13,077 199 11.0 199 11.0 1,620 2.7 3.7 2.7 80.8 For definitions of Peer Groups, refer to the Peer Group Classification section of this file

Number of Depositors

Number of Deposit

Accounts

Average Deposit Balance

per Depositor

Average Deposit Balance

per Depositor / GNI per

capita

Average Deposit Account Balance

Average Deposit Account Balance / GNI per capita

GNI per

Capita

GDP Growth Rate

Deposit Rate

Inflation Rate

Financial Depth

Page 10: 2008 MFI Benchmarks

For details on indicator definitions, refer to the Indicator Definitions section of this file "n/a" denotes results for Peer Groups with less than three observations

Page 11: 2008 MFI Benchmarks

PEER GROUPUnitsYear:

All MFIsSIMPLE PEER GROUPSAge

NewYoungMature

Charter Type:BankCredit UnionNBFINGORural Bank

Financial IntermediationNon FILow FIHigh FI

Methodology:IndividualIndividual/ SolidaritySolidarityVillage Banking

OutreachSmall (Outreach)Medium (Outreach)Large (Outreach)

Profit StatusProfitNot for Profit

Region:AfricaAsiaECALACMENA

ScaleSmall (Scale)Medium (Scale)Large (Scale)

Sustainability:FSSNon-FSS

Target Market:Low endBroadHigh endSmall Business

COMPOUND PEER GROUPSAfrica Small FSSAfrica Small Non FSSAfrica Medium FSSAfrica Medium Non FSSAfrica Large FSSAfrica Large Non FSSAsia Small FSSAsia Small Non FSSAsia Medium FSSAsia Medium Non FSSAsia Large FSSAsia Large Non FSS ECA Small FSS ECA Small Non FSS ECA Medium FSS ECA Medium Non FSS ECA Large FSS ECA Large Non FSS LAC Small FSS LAC Small Non FSS LAC Medium FSS LAC Medium Non FSS LAC Large FSS LAC Large Non FSS MENA Small FSS MENA Small Non-FSS MENA Medium FSS MENA Medium Non-FSS MENA Large FSS MENA Large Non-FSS

OVERALL FINANCIAL PERFORMANCE REVENUES EXPENSES

% % % % % % % % % % % % %2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008

1.0 5.4 113.1 105.6 25.8 5.4 31.1 22.8 24.6 6.8 1.4 14.5 8.2

(1.2) (1.7) 104 95 28.0 (4.7) 35.5 26.3 32.5 8.0 1.7 21.7 11.7 0.3 2.5 112 103 25.5 2.9 35.0 24.5 26.4 7.8 1.2 15.3 8.8 1.4 7.0 116 108 25.5 7.3 28.9 21.6 23.0 6.5 1.4 13.3 7.5

0.6 4.6 109 105 20.5 4.3 27.1 16.3 20.1 7.3 1.4 10.0 5.5 0.3 2.0 116 103 18.1 3.1 21.9 17.5 18.8 5.7 1.3 10.8 5.1 1.5 7.1 115 108 27.6 7.6 32.9 24.3 26.0 7.9 1.5 15.7 9.0 0.9 4.1 110 102 27.3 2.3 33.8 25.5 27.8 6.3 1.6 18.2 10.6 1.9 14.5 119 115 24.7 13.0 33.0 26.7 22.4 5.3 1.1 12.7 6.5

1.4 4.5 113 104 27.9 4.1 33.3 24.7 27.0 7.3 1.5 16.4 9.2 0.4 4.5 112 105 26.2 4.2 34.0 24.3 27.2 7.6 1.0 17.0 9.7 0.9 6.3 112 106 21.9 5.9 28.3 21.1 21.8 5.9 1.4 12.1 6.3

1.5 7.5 116 107 23.8 7.3 30.1 21.8 21.9 7.1 1.4 11.6 6.5 1.2 5.8 113 106 27.6 5.7 34.7 25.9 26.5 6.8 1.5 17.1 9.4

(1.1) 2.7 109 99 25.0 (0.7) 30.9 20.8 27.8 6.7 0.9 19.2 10.1 1.3 3.4 116 107 27.1 6.4 30.8 24.2 24.8 6.6 0.9 17.8 10.3

0.4 3.1 113 103 25.8 3.0 32.5 24.2 26.5 6.6 1.3 14.6 8.4 0.9 5.8 112 105 27.2 4.4 33.7 24.4 26.8 6.5 1.9 16.6 9.4 1.4 9.3 116 109 24.2 8.4 28.6 21.3 22.2 7.3 1.3 12.5 6.7

1.2 7.3 114 108 25.8 7.3 31.9 23.8 23.9 7.7 1.3 14.1 7.4 0.9 4.1 113 103 25.8 3.3 30.6 22.5 25.6 6.5 1.6 14.6 8.5

(0.7) (2.3) 108 96 25.4 (3.7) 32.6 23.0 27.6 4.8 1.6 18.5 9.2 1.3 9.6 113 108 24.3 8.0 29.1 20.3 23.5 7.4 0.8 13.9 7.9 0.3 2.8 117 104 24.4 4.0 29.5 19.3 24.4 8.9 1.3 12.8 7.2 1.8 7.3 112 107 27.9 6.9 34.0 26.8 26.1 6.6 2.0 15.8 8.7 2.4 3.5 119 107 22.8 6.8 33.2 22.7 21.6 4.5 0.7 14.6 10.0

0.1 1.1 112 100 28.0 0.4 35.7 27.3 30.5 5.9 1.3 20.4 10.6 0.9 4.5 113 104 27.0 4.1 33.5 24.0 27.1 7.0 1.6 16.6 9.3 1.4 8.5 115 109 23.7 8.4 27.6 20.2 21.6 7.1 1.4 12.1 6.5

2.8 12.2 122 116 27.2 13.8 31.7 24.2 22.7 6.7 1.2 13.1 7.4 (4.2) (11.6) 96 81 22.7 (22.0) 30.6 21.1 29.0 7.0 2.3 16.7 9.8

1.0 4.1 110 103 29.7 2.8 37.9 29.2 30.4 7.0 1.2 21.1 12.0 1.3 6.5 115 107 25.1 6.8 29.3 21.7 23.3 6.8 1.6 13.1 7.2 0.8 4.2 113 106 20.0 6.1 23.2 15.6 19.8 6.5 1.4 11.7 5.5 0.3 3.5 117 101 19.1 0.9 23.3 16.6 19.9 7.9 1.4 10.2 5.0

2.5 6.2 124 115 30.8 13.1 36.5 27.8 28.5 3.0 1.7 24.3 10.1 (8.5) (14.5) 95 73 26.7 (37.2) 36.0 27.0 32.5 7.0 2.2 25.3 10.0 2.9 8.7 132 116 25.0 15.9 27.1 22.7 21.6 5.0 0.9 15.2 7.5

(6.4) (19.2) 93 81 24.4 (23.5) 37.5 28.1 32.1 4.7 2.9 26.7 12.1 1.1 7.8 123 109 26.6 7.8 33.1 23.4 23.6 4.7 1.6 17.3 7.6

(1.8) (10.2) 98 88 19.0 (13.9) 21.6 16.7 24.4 5.1 1.6 15.6 8.0 2.5 12.3 119 115 36.5 12.9 41.2 35.7 34.4 5.6 1.2 21.1 11.5

(8.2) (21.0) 86 76 25.8 (32.0) 32.1 19.1 35.2 6.6 3.1 20.4 12.7 2.1 16.1 119 116 24.9 14.0 30.6 24.2 20.9 6.6 0.5 11.4 5.8

(9.7) (12.4) 84 77 22.1 (30.1) 28.7 16.6 34.2 7.3 4.2 21.4 12.0 2.9 14.9 124 119 25.4 15.6 29.8 21.8 20.6 8.4 0.5 10.5 6.2

(2.7) (16.9) 100 86 17.8 (11.5) 23.8 14.3 22.2 7.3 1.2 12.1 7.0 2.7 6.8 133 118 37.7 14.9 37.8 25.8 31.4 10.4 0.9 17.2 9.0

(5.9) (10.6) 104 77 18.7 (29.4) 27.0 14.0 29.4 9.3 1.3 11.4 7.1 5.3 15.8 143 123 37.9 18.5 40.3 28.5 28.2 11.4 1.3 13.7 9.1

(4.8) (7.4) 102 91 22.0 (10.1) 29.0 21.2 25.1 8.4 1.5 16.3 9.2 2.7 13.0 124 117 23.3 14.6 26.2 17.9 18.7 7.7 1.1 9.6 5.0

(2.0) (8.2) 100 93 21.6 (7.6) 26.9 18.3 25.8 8.8 2.5 12.8 7.2 3.5 9.5 119 116 30.4 13.6 44.1 35.2 26.1 4.8 0.9 17.4 9.6

(7.4) (15.8) 81 78 28.0 (27.6) 48.9 39.3 34.3 5.0 2.6 26.2 16.3 3.8 10.2 118 114 32.7 12.5 35.5 29.9 28.6 6.7 1.8 17.7 9.9

(3.3) (15.2) 98 85 36.7 (13.3) 41.1 34.2 46.7 6.8 4.4 31.4 15.3 2.4 14.9 118 115 26.3 12.8 28.9 23.5 22.0 6.9 2.2 12.1 6.2

(1.5) (8.9) 98 90 18.1 (11.3) 22.2 15.8 22.0 7.6 2.9 12.8 6.0 5.1 5.7 139 123 22.0 18.9 35.2 23.1 13.6 4.9 0.4 8.0 5.2

(14.1) (21.0) 85 55 22.8 (80.2) 33.2 23.4 41.1 0.7 (0.2) 35.8 17.5 3.7 6.9 136 113 30.4 11.9 34.8 25.6 25.4 5.8 2.1 20.1 13.3

(2.3) (10.9) 96 89 21.6 (12.6) 35.4 23.9 24.1 2.1 0.4 17.2 10.8 3.7 8.9 132 121 21.6 17.3 33.2 22.7 17.2 4.3 0.5 14.3 9.2

(2.3) (8.9) 80 80 21.5 (25.4) 21.5 16.5 23.7 5.1 3.7 12.1 6.9 For definitions of Peer Groups, refer to the Peer Group Classification section of this file

Return on

Assets

Return on Equity

Operational Self-

Sufficiency

Financial Self-

Sufficiency

Financial Revenue/

Assets

Profit Margin

Yield on Gross

Portfolio (nominal)

Yield on Gross

Portfolio (real)

Total Expense/

Assets

Financial Expense/

Assets

Provision for Loan

Impairment/ Assets

Operating Expense /

Assets

Personnel Expense/

Assets

Page 12: 2008 MFI Benchmarks

For details on indicator definitions, refer to the Indicator Definitions section of this file "n/a" denotes results for Peer Groups with less than three observations

Page 13: 2008 MFI Benchmarks

PEER GROUPUnitsYear:

All MFIsSIMPLE PEER GROUPSAge

NewYoungMature

Charter Type:BankCredit UnionNBFINGORural Bank

Financial IntermediationNon FILow FIHigh FI

Methodology:IndividualIndividual/ SolidaritySolidarityVillage Banking

OutreachSmall (Outreach)Medium (Outreach)Large (Outreach)

Profit StatusProfitNot for Profit

Region:AfricaAsiaECALACMENA

ScaleSmall (Scale)Medium (Scale)Large (Scale)

Sustainability:FSSNon-FSS

Target Market:Low endBroadHigh endSmall Business

COMPOUND PEER GROUPSAfrica Small FSSAfrica Small Non FSSAfrica Medium FSSAfrica Medium Non FSSAfrica Large FSSAfrica Large Non FSSAsia Small FSSAsia Small Non FSSAsia Medium FSSAsia Medium Non FSSAsia Large FSSAsia Large Non FSS ECA Small FSS ECA Small Non FSS ECA Medium FSS ECA Medium Non FSS ECA Large FSS ECA Large Non FSS LAC Small FSS LAC Small Non FSS LAC Medium FSS LAC Medium Non FSS LAC Large FSS LAC Large Non FSS MENA Small FSS MENA Small Non-FSS MENA Medium FSS MENA Medium Non-FSS MENA Large FSS MENA Large Non-FSS

EXPENSES EFFICIENCY PRODUCTIVITY

% % % % x US$ US$ nb nb nb nb nb nb2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008

6.1 1.1 20.0 10.9 3.7 139 139 100 103 245 252 104 136

8.5 2.1 31.2 16.5 3.1 157 141 70 72 179 176 47 806.8 1.5 22.4 12.0 3.5 148 150 103 104 231 245 81 1235.6 0.9 17.9 9.6 3.8 136 135 110 113 262 272 124 163

4.7 0.8 16.3 8.2 5.7 305 288 67 73 238 257 135 1414.8 1.3 13.6 6.9 3.3 191 186 81 82 258 265 226 2676.5 1.3 20.6 11.1 4.4 169 164 92 92 226 239 36 1077.3 1.1 25.1 13.8 3.2 83 82 128 130 258 262 67 1016.7 0.4 19.0 9.9 3.2 105 111 82 79 251 253 175 184

6.5 1.1 22.8 12.6 3.1 153 145 103 105 233 243 0 07.1 1.6 24.0 13.4 4.4 82 82 115 115 252 256 109 1095.6 0.7 17.9 9.0 4.5 166 158 91 93 257 267 187 198

5.1 0.7 15.8 8.6 3.4 233 227 75 79 222 235 63 957.1 1.3 24.5 12.6 4.4 118 118 103 107 245 251 88 1137.0 1.4 19.7 10.7 3.2 23 26 156 171 274 278 200 2086.6 0.7 22.3 12.9 3.2 78 69 144 146 336 343 88 88

6.7 1.5 21.2 11.5 3.1 181 185 72 76 196 197 79 1047.2 1.0 21.9 12.0 4.4 135 135 114 115 258 258 108 1365.1 0.8 16.1 9.3 4.3 83 84 156 171 321 343 142 180

6.1 1.0 20.2 10.4 4.3 172 169 84 84 241 249 104 1276.2 1.3 20.0 11.3 3.4 123 123 109 114 251 257 102 146

9.3 2.0 32.7 13.3 10.8 134 132 108 109 288 286 228 2435.4 0.8 17.2 9.6 2.8 30 31 132 133 272 279 156 1695.1 2.0 15.0 8.2 3.9 312 293 57 59 167 167 10 496.5 0.6 22.3 12.6 3.4 180 167 107 112 262 278 33 534.8 0.4 21.4 14.4 3.4 74 71 118 116 211 215 0 67

8.3 1.7 26.3 14.5 2.5 118 121 87 88 212 213 81 1086.8 1.4 21.9 12.3 3.9 136 135 107 111 253 263 134 1625.0 0.8 15.1 8.2 4.5 168 161 112 119 269 281 106 150

5.6 0.7 17.3 9.6 3.8 146 142 113 115 269 282 94 1337.3 2.7 26.0 14.6 3.8 151 135 84 86 191 195 81 106

7.8 1.0 27.5 15.9 2.4 64 65 142 143 276 281 98 1335.7 1.2 17.2 9.2 4.4 169 164 88 90 242 250 108 1405.3 1.3 15.0 7.7 9.2 290 283 58 62 184 185 112 1714.5 1.3 15.5 7.3 10.6 406 405 33 35 127 129 88 154

14.3 1.7 27.1 11.9 7.6 68 136 143 132 336 272 216 2218.9 6.0 52.0 24.3 8.8 75 65 81 83 209 209 136 1557.2 1.1 24.9 10.3 9.6 138 138 112 112 335 335 285 285

10.0 3.8 42.9 23.9 14.4 133 115 108 108 259 282 204 20110.2 1.4 29.0 12.5 13.5 220 184 83 83 269 304 330 331

7.7 2.2 23.6 10.7 12.2 134 130 123 127 324 415 204 24211.4 0.6 27.6 13.4 2.3 51 51 85 85 231 236 124 124

8.2 2.6 24.3 14.6 2.3 41 53 115 115 218 218 115 1245.9 0.5 16.1 8.9 2.6 35 39 146 153 321 331 244 2466.6 2.8 23.7 15.2 3.4 31 31 141 141 254 254 147 1684.5 0.6 14.6 7.7 3.1 27 29 163 181 334 349 106 1094.2 2.1 15.7 10.6 3.1 25 25 155 157 314 316 155 1595.5 3.1 15.3 9.6 2.2 293 329 47 47 135 141 16 215.1 6.2 16.6 11.2 2.5 284 283 39 41 139 139 16 455.7 3.1 15.2 9.7 4.1 147 147 94 96 213 245 4 915.6 2.9 18.0 11.4 3.6 449 445 48 54 146 146 0 474.4 0.9 12.2 6.6 5.5 249 245 88 90 236 238 7 1646.1 1.8 15.7 8.3 4.1 571 518 45 54 119 121 10 437.1 0.9 26.1 15.0 2.3 136 134 106 114 291 302 0 0

11.0 1.1 50.8 30.1 2.4 193 188 95 95 178 178 0 07.2 0.5 21.7 12.3 3.8 159 152 122 129 295 298 3 22

10.9 2.1 46.1 24.9 4.9 167 166 86 87 203 203 64 675.2 0.2 14.8 7.7 4.5 218 192 120 131 282 309 114 1405.4 2.1 16.3 10.9 3.6 286 234 81 84 197 197 49 846.7 0.3 21.5 15.1 1.4 37 37 108 108 209 209 37 1439.8 9.3 65.9 30.3 4.2 85 85 71 71 147 147 42 426.3 2.5 25.0 16.4 3.3 52 28 142 142 253 253 n/a n/a5.6 2.2 32.0 20.7 2.8 69 54 105 105 169 169 0 n/a3.9 0.1 15.9 12.4 4.0 76 74 154 165 281 292 0 n/a3.4 0.2 14.4 8.5 3.9 62 60 119 119 264 264 3 22

For definitions of Peer Groups, refer to the Peer Group Classification section of this file

Administrative Expense/

Assets

Adjustment Expense/

Assets

Operating Expense/

Loan Portfolio

Personnel Expense/

Loan Portfolio

Average Salary/ GNI per Capita

Cost per Borrower

Cost per

Loan

Borrowers per Staff Member

Loans per Staff Member

Borrowers per Loan Officer

Loans per

Loan Officer

Depositors per Staff Member

Deposit Accounts per Staff Member

Page 14: 2008 MFI Benchmarks

For details on indicator definitions, refer to the Indicator Definitions section of this file "n/a" denotes results for Peer Groups with less than three observations

Page 15: 2008 MFI Benchmarks

PEER GROUPUnitsYear:

All MFIsSIMPLE PEER GROUPSAge

NewYoungMature

Charter Type:BankCredit UnionNBFINGORural Bank

Financial IntermediationNon FILow FIHigh FI

Methodology:IndividualIndividual/ SolidaritySolidarityVillage Banking

OutreachSmall (Outreach)Medium (Outreach)Large (Outreach)

Profit StatusProfitNot for Profit

Region:AfricaAsiaECALACMENA

ScaleSmall (Scale)Medium (Scale)Large (Scale)

Sustainability:FSSNon-FSS

Target Market:Low endBroadHigh endSmall Business

COMPOUND PEER GROUPSAfrica Small FSSAfrica Small Non FSSAfrica Medium FSSAfrica Medium Non FSSAfrica Large FSSAfrica Large Non FSSAsia Small FSSAsia Small Non FSSAsia Medium FSSAsia Medium Non FSSAsia Large FSSAsia Large Non FSS ECA Small FSS ECA Small Non FSS ECA Medium FSS ECA Medium Non FSS ECA Large FSS ECA Large Non FSS LAC Small FSS LAC Small Non FSS LAC Medium FSS LAC Medium Non FSS LAC Large FSS LAC Large Non FSS MENA Small FSS MENA Small Non-FSS MENA Medium FSS MENA Medium Non-FSS MENA Large FSS MENA Large Non-FSS

PRODUCTIVITY RISK AND LIQUIDITY

% % % % % % %2008 2008 2008 2008 2008 2008 2008

44.5 3.1 1.6 1.0 0.8 81.0 12.2

45.5 2.8 1.2 0.3 0.2 68.6 10.7 46.3 2.9 1.3 0.9 0.8 84.0 14.7 43.3 3.2 1.7 1.3 0.9 84.3 12.2

34.2 2.8 1.3 1.2 0.9 100.8 18.6 31.8 3.6 2.0 1.0 0.8 54.0 8.9 45.5 3.2 1.5 0.8 0.7 84.0 10.9 50.9 3.2 1.8 1.3 0.9 83.7 11.8 33.3 1.7 1.1 0.9 0.8 160.0 18.4

46.7 3.2 1.7 1.0 0.8 82.0 9.4 50.0 3.0 1.4 0.6 0.4 77.8 14.5 36.2 3.2 1.7 1.3 1.1 80.8 15.1

36.9 3.4 1.6 1.2 0.9 81.4 9.8 44.9 3.4 1.7 1.3 1.0 69.6 13.3 56.2 1.5 0.6 0.2 0.2 112.3 14.4 55.9 1.0 0.4 0.5 0.3 147.0 10.3

40.0 3.7 1.8 0.9 0.7 62.1 10.1 45.5 3.4 1.9 1.8 1.5 90.1 13.5 52.8 2.2 1.2 0.9 0.8 108.4 14.4

41.0 2.7 1.3 1.0 0.8 89.9 15.0 46.0 3.3 1.8 1.0 0.9 77.0 10.5

41.3 4.7 2.3 1.6 1.1 57.1 16.1 51.9 1.5 0.6 0.4 0.4 97.9 17.3 36.9 2.0 1.0 0.4 0.3 79.2 5.5 43.8 4.2 2.4 2.3 1.8 93.4 11.0 54.4 2.4 0.8 0.9 0.4 72.5 19.6

44.4 3.7 1.9 0.9 0.7 60.8 11.8 45.5 3.1 1.7 1.0 0.9 79.2 11.4 44.0 2.5 1.3 1.1 0.8 105.0 13.4

43.7 2.4 1.3 0.8 0.7 95.5 11.8 46.3 4.7 2.4 1.9 1.5 66.4 12.3

53.8 2.9 1.4 0.8 0.6 79.9 13.3 39.9 3.2 1.8 1.4 1.1 84.8 10.8 33.2 4.4 2.6 0.9 0.7 67.8 12.4 25.0 2.3 1.0 0.7 0.6 71.8 16.3

48.6 4.0 1.6 1.0 1.0 53.3 13.5 45.6 5.9 2.9 2.1 2.1 48.2 16.6 43.8 3.8 2.5 2.8 2.4 64.9 11.3 45.1 5.3 2.7 2.3 2.1 74.3 16.6 33.5 4.4 1.8 1.2 0.9 50.9 17.9 31.5 5.5 4.5 2.7 2.7 65.3 13.7 47.5 2.2 1.4 0.7 0.7 85.6 18.5 51.7 4.7 3.3 1.9 2.2 57.7 18.8 54.0 0.5 0.3 0.3 0.3 165.1 16.8 58.3 4.0 3.3 0.7 0.7 90.7 17.1 53.6 0.4 0.2 0.2 0.1 183.1 17.1 56.9 2.4 0.7 0.6 0.5 99.6 16.5 32.5 1.9 0.9 0.0 0.0 50.0 2.8 33.3 2.9 1.1 0.4 0.1 50.0 4.4 37.0 1.8 0.5 0.2 0.2 79.7 5.5 42.9 3.1 1.0 0.8 0.5 55.5 4.6 41.4 1.6 0.8 0.5 0.5 103.1 9.2 41.0 3.2 1.6 1.4 1.1 96.5 11.6 43.0 3.7 2.1 0.9 0.9 100.0 10.7 48.4 6.1 3.1 4.2 3.7 62.3 12.1 45.2 4.3 2.2 2.3 1.9 95.1 9.5 45.7 7.9 4.2 4.6 4.1 63.1 9.3 40.4 3.2 1.9 2.0 1.8 116.6 12.6 43.4 6.9 4.4 2.2 1.8 91.4 10.8 43.9 1.6 0.7 0.0 0.0 58.6 29.2 55.0 5.7 0.6 5.6 5.6 58.0 23.5 67.4 3.0 2.6 0.0 0.0 92.1 19.8 54.4 1.9 0.6 1.8 0.7 63.9 21.9 54.2 1.9 1.2 0.4 0.2 74.9 14.5 58.6 1.7 1.0 0.6 0.4 532.1 19.0 For definitions of Peer Groups, refer to the Peer Group Classification section of this file

Personnel Allocation

Ratio

Portfolio at Risk > 30 Days

Portfolio at Risk > 90 Days

Write-off

Ratio

Loan Loss Rate

Risk Coverage

Ratio

Non-earning Liquid Assets

as a % of Total Assets

Page 16: 2008 MFI Benchmarks

For details on indicator definitions, refer to the Indicator Definitions section of this file "n/a" denotes results for Peer Groups with less than three observations

Page 17: 2008 MFI Benchmarks

Indicator DefinitionsINSTITUTIONAL CHARACTERISTICSNumber of MFIs Sample Size of GroupAge Years Functioning as an MFITotal Assets Total Assets, adjusted for Inflation and standardized provisioning for loan impairment and write-offsOffices Number, including head officePersonnel Total number of staff membersFINANCING STRUCTURECapital/ Asset Ratio Adjusted Total Equity/ Adjusted Total AssetsDebt to Equity Adjusted Total Liabilities/ Adjusted Total EquityDeposits to Loans Voluntary Deposits/ Adjusted Gross Loan PortfolioDeposits to Total Assets Voluntary Deposits/ Adjusted Total AssetsPortfolio to Assets Adjusted Gross Loan Portfolio/ Adjusted Total AssetsOUTREACH INDICATORSNumber of Active Borrowers Number of borrowers with loans outstanding, adjusted for standardized write-offsPercent of Women Borrowers Number of active women borrowers/ Adjusted Number of Active BorrowersNumber of Loans Outstanding Number of loans outstanding, adjusted for standardized write-offsGross Loan Portfolio Gross Loan Portfolio, adjusted for standardized write-offsAverage Loan Balance per Borrower Adjusted Gross Loan Portfolio/ Adjusted Number of Active BorrowersAverage Loan Balance per Borrower/ GNI per Capita Adjusted Average Loan Balance per Borrower/ GNI per Capita

Average Outstanding Balance Adjusted Gross Loan Portfolio/ Adjusted Number of Loans OutstandingAverage Outstanding Balance / GNI per Capita Adjusted Average Outstanding Balance/ GNI per CapitaNumber of Depositors Number of depositors with any type of deposit accountNumber of Deposit Accounts Number of all deposit accountsDeposits Total value of all deposit accountsAverage Deposit Balance per Depositor Deposits/ Number of Depositors

Average Deposit Balance per Depositor / GNI per capita

Average Deposit Account Balance Depositors/ Number of Deposit AccountsAverage Deposit Account Balance / GNI per capita Average Deposit Account Balance / GNI per capita

MACROECONOMIC INDICATORSGNI per CapitaGDP Growth RateDeposit Rate

Inflation Rate Annual change in average consumer prices (IMF/International Financial Statistics)Financial Depth

OVERALL FINANCIAL PERFORMANCEReturn on Assets (Adjusted Net Operating Income - Taxes)/ Adjusted Average Total AssetsReturn on Equity (Adjusted Net Operating Income - Taxes)/ Adjusted Average Total EquityOperational Self-Sufficiency Financial Revenue/ (Financial Expense + Impairment Losses on Loans + Operating Expense)Financial Self-Sufficiency

REVENUESFinancial Revenue/Assets Adjusted Financial Revenue/ Adjusted Average Total AssetsProfit Margin Adjusted Net Operating Income/ Adjusted Financial RevenueYield on Gross Portfolio (nominal) Adjusted Financial Revenue from Loan Portfolio/ Adjusted Average Gross Loan PortfolioYield on Gross Portfolio (real) (Adjusted Yield on Gross Portfolio (nominal) - Inflation Rate)/ (1 + Inflation Rate)EXPENSESTotal Expense/ Assets

Financial Expense/Assets Adjusted Financial Expense/ Adjusted Average Total AssetsProvision for Loan Impairment/ Assets Adjusted Impairment Losses on Loans/ Adjusted Average Total AssetsOperating Expense / Assets Adjusted Operating Expense/ Adjusted Average Total AssetsPersonnel Expense/ Assets Adjusted Personnel Expense/ Adjusted Average Total AssetsAdministrative Expense/ Assets Adjusted Administrative Expense/ Adjusted Average Total AssetsAdjustment Expense/ Assets (Unadjusted Net Operating Income - Adjusted Net Operating Income)/ Adjusted Average Total AssetsEFFICIENCYOperating Expense/ Loan Portfolio Adjusted Operating Expense/ Adjusted Average Gross Loan PortfolioPersonnel Expense/ Loan Portfolio Adjusted Personnel Expense/ Adjusted Average Gross Loan PortfolioAverage Salary/ GNI per Capita Adjusted Average Personnel Expense/ GNI per capitaCost per Borrower Adjusted Operating Expense/ Adjusted Average Number of Active BorrowersCost per Loan Adjusted Operating Expense/ Adjusted Average Number of LoansPRODUCTIVITYBorrowers per Staff Member Adjusted Number of Active Borrowers/ Number of PersonnelLoans per Staff Member Adjusted Number of Loans Outstanding/Number of PersonnelBorrowers per Loan Officer Adjusted Number of Active Borrowers/ Number of Loan OfficersLoans per Loan Officer Adjusted Number of Loans Outstanding/ Number of Loan OfficersDepositors per Staff Member Number of Depositors/ Number of PersonnelDeposit Accounts per Staff Member Number of Deposit Accounts/ Number of PersonnelPersonnel Allocation Ratio Number of Loan Officers/ Number of PersonnelRISK AND LIQUIDITYPortfolio at Risk > 30 Days Outstanding balance, portfolio overdue> 30 Days + renegotiated portfolio/ Adjusted Gross Loan Portfolio

Portfolio at Risk > 90 Days Outstanding balance, portfolio overdue> 90 Days + renegotiated portfolio/ Adjusted Gross Loan Portfolio

Write-off Ratio Adjusted Value of loans written-off/ Adjusted Average Gross Loan PortfolioLoan Loss Rate (Adjusted Write-offs - Value of Loans Recovered)/ Adjusted Average Gross Loan PortfolioRisk Coverage Ratio Adjusted Impairment Loss Allowance/ PAR > 30 DaysNon-earning Liquid Assets as a % of Total Assets Adjusted Cash and banks/ Adjusted Total Assets

Average Deposit Balance per Depositor / GNI per capita

Total income generated by a country's residents, irrespective of location / Total number of residents (World Development Indicators)Annual growth in the total output of goods and services occurring within the territory of a given country (World Development Indicators)Interest rate offered to resident customers for demand, time, or savings deposits (IMF/International Financial Statistics)

Money aggregate including currency, deposits and electronic currency (M3) / GDP, measuring the monetization of the economy (IMF/International Financial Statistics)

Adjusted Financial Revenue/ Adjusted (Financial Expense + Impairment Losses on Loans + Operating Expense)

Adjusted (Financial Expense + Net Impairment Loss + Operating Expense) / Adjusted Average Total Assets

Page 18: 2008 MFI Benchmarks

Financial Term Definitions

BALANCE SHEETCash and Due from Banks Cash, petty cash, balances in banks, including non-interest bearing depositsReserves from Central Bank Cash reserves in a central bankTrade Investments

Net Loan Portfolio Gross Loan Portfolio minus Loan Loss Reserve Gross Loan Portfolio

(Impairment Loss Allowance)

Interest Receivable

Accounts Receivable and Other Assets

Other Investments Long term investments not convertible to cash within 12 monthsNet Fixed Assets

TOTAL ASSETS Total of all net asset accountsDemand Deposits Total of Voluntary and Compulsory Savings

Voluntary Deposits

Compulsory Deposits

Time Deposits Certificates of deposit or other fixed term depositsBorrowings Total of Commercial and Concessional Borrowings

Borrowings at concessional interest rates

Borrowings at commercial interest rates

Interest Payable

Accounts Payable and Other Liabilities

TOTAL LIABILITIES Total of all liability accountsPaid-in Capital Capital paid by shareholders or membersDonated Equity Accumulated donations

Prior Years Accumulated donations from prior periods Current Year Donations from the current year

Retained Earnings Accumulated net income after taxes and before donations Prior Years Accumulated net income after taxes and before donations from prior periods Current Year Net income after taxes and before donations from the current year

Adjustments to Equity Value of all adjustments, including inflation adjustment Inflation Adjustment Value of inflation adjustment expense Subsidized Costs of Funds Adjustment Value of subsidized cost of funds adjustment expense In-Kind Subsidy Adjustment Value of in-kind subsidy adjustment

Reserves Reserves such as those imposed by law or statute.

Other Equity Accounts Other equity accounts not included elsewhereTOTAL EQUITY Total of all equity accounts

Treasury bills and other short term investments, including interest-bearing deposits, convertible to cash within 12 months.  Usually used in liquidity management.

All outstanding principal for all outstanding client loans, including current, delinquent and restructured loans, but not loans that have been written off.  It does not include interest receivable.  It does not include employee loans.

The portion of the gross loan portfolio that has been expensed (provisioned for) in anticipation of losses due to default.  This item represents the cumulative value of the loan loss provision expense, less the cumulative value of loans written off.

Interest receivable on all asset accounts.  Recorded by institutions using accrual accounting.

Accounts receivable, notes receivables and other receivables.  This includes all receivables other than client loan accounts, including employee loans.

The purchase value of property, plant and equipment, less accumulated depreciation.  This includes intangibles, such as MIS development or goodwill, less accumulated amortization.

Demand deposits from the general public and members that are not maintained as a condition for accessing a current or future loan and are held with the institution

Client savings accounts that are maintained as a condition for a current or future loan and are held with the institution

Principal balance of all borrowings, including overdraft accounts, for which the institution pays a nominal rate of interest that is less than the local commercial interest rate

Principal balance of all borrowings, including overdraft accounts, for which the institution pays a nominal rate of interest that is greater than to or equal to the local commercial interest rate

Interest payable on all liability accounts.  Recorded by institutions using accrual accounting.

Other liabilities including tax and salary liabilities, social withholdings, deferred income, other accounts payable, including liabilities that do not fund the portfolio, such as mortgages on real estate.

Page 19: 2008 MFI Benchmarks

TOTAL LIABILITIES AND EQUITY Total of Total Liabilities and Total EquityFinancial Term Definitions

INCOME STATEMENTFinancial Revenue

Financial Revenue from Loan Portfolio Total interest, fees and commission on loan portfolio Interest on Loan Portfolio Interest earned on loan portfolio Fees and Commissions on Loan Portfolio Penalties, commissions and other fees charged on loan portfolio

Financial Revenue from Investments Net gains on other financial assetsOther Operating Revenue

Financial Expense

Financial Expense on Funding Liabilities Total of interest and fees paid on deposits and borrowings Interest and Fee Expense on Deposits Interest and fees paid on demand or term deposits Interest and Fee Expense on Borrowings Interest and fees paid on borrowings

Net Adjustment for Inflation

Inflation Adjustment to Equity Cost of maintaining the value of the institution's equity Inflation Adjustment to Fixed Assets Gain on the value of fixed assets due to inflation

Adjustment for Subsidized Cost of Funds

Other Financial Expense

NET FINANCIAL INCOME Financial Revenue minus Financial ExpenseImpairment Losses on Loans Sum of loan loss provision expense and recovery on loans written off

Provision for Loan Impairment Loan Loss Provision Expense for the periodValue of Loans Recovered Total recovery on loans written off

Operating Expense Total of Personnel Expense and Administrative ExpensePersonnel Expense

Administrative Expense

Rent and Utilities Rent and utility charges Transportation Transportation of staff to attend to clients and to manage operations Office Supplies Printed matter, supplies, photocopies, books, etc. Depreciation and Amortization Allowance for deterioration, eventual replacement of equipment Other Administrative Expense Other non-personnel administrative expenses

NET OPERATING INCOME

Net Non-Operating Income Non-operating Revenue less Non-operating ExpenseNon-Operating Revenue

Non-Operating Expense

Net Operating Income less Net Non-operating Income

Taxes

Net Income (before Taxes and Donations) less Taxes

Donations Donations made to the MFI to subsidize its operations

Total of revenue from loan portfolio and other financial assets, as well as other financial revenue from financial services

Other revenue from provision of financial services, including revenue from insurance or transfer services or non-financial revenue from the provision of financial services, such as the sale of passbooks or SmartCards. This account also include net exchange gains.

Total of financial expense on liabilities, net inflation adjustment, cost-of-funds adjustment and other expenses from financial services

Reserved for institutions that use inflation based accounting.  Net amount of inflation adjustment.

Adjustment expense for difference between market rate and concessional rate on borrowings

Other expenses from provision of financial services, including non-financial expenses on financial products, as well as net exchange depreciation

Salaries, withholdings, fringe benefits and personnel taxes paid on all those who work for the institution

Total of Rent and Utilities, Transportation, Office Supplies, Depreciation and Other Administrative Expenses

Financial Revenue less Financial Expense, Net Loan Loss Provision Expense and Operating Expense

Revenue from activity unrelated to the MFI's core activity of providing financial services.  This could include consulting income, sale of IT products, or fees for business development services (BDS).

Expenses from activity unrelated to the MFIs core activity of providing financial services, such as BDS development costs or consulting expenses

NET INCOME (BEFORE TAXES AND DONATIONS)

Includes all taxes paid on Net Income or other measure of profits as defined by local tax authorities.

NET INCOME (AFTER TAXES AND BEFORE DONATIONS)

Page 20: 2008 MFI Benchmarks

Net Income (after Taxes and before Donations) plus Donations.NET INCOME (AFTER TAXES AND DONATIONS)

Page 21: 2008 MFI Benchmarks

Participating Institutions

ACRONYM NAME COUNTRY Year:1st MCC First MicroCredit Company (FMCC) Kyrgyzstan ** 20081st Valley Bank Philippines ** 2008

3A Entreprises 3A Entreprises Guinea * 2008A3C A3C (Association des CVECA et CECA du Centre) Cameroon ** 2008ABA Alexandria Business Association Egypt ** 2008ABCRDM All Backward Class Relief and Development Mission India * 2008ABS-CBN ABS-CBN Bayan Foundation, Inc. Philippines ** 2008ABWA Assiut Business Women's Association Egypt ** 2008Abyan Abyan Program Yemen ** 2008Abzal Kredit Abzal Kredit Microfinance Organization Kazakhstan * 2008ACAD Arab Center for Agricultural Development Palestine ** 2008ACB sa AMASEZERANO COMMUNITY BANKING Rwanda ** 2008ACBA Agricultural Cooperative Bank of Armenia Armenia ** 2008AccessBank AccessBank Azerbaijan ** 2008ACCOVI El Salvador ** 2008

ACEP Cameroon Agence de Crédit pour l'Entreprise Privée Cameroun Cameroon ** 2008ACEP Senegal Alliance de Credit et d'Epargne pour la Production Senegal * 2008ACF Asian Credit Fund Kazakhstan * 2008ACFB Association des Caisses de Financement à la Base Benin ** 2008ACLEDA ACLEDA Bank Plc. Cambodia ** 2008ACLEDA Lao ACLEDA Bank Lao Ltd Laos ** 2008ACME Association Pour la Cooperation avec la Micro Enterprise Haiti ** 2008ACORDE Asociación Costarricense para organizaciones de Desarrollo Costa Rica ** 2008

ACSI Amhara Credit and Savings Institution Ethiopia ** 2008Actuar Caldas Corporación Acción Por Caldas ACTUAR Famiempresas Colombia ** 2008

Actuar Tolima ACTUAR Famiempresas - Tolima Colombia ** 2008ADCSI Addis Credit & Savings Institution Ethiopia * 2008Aden Aden Microfinance Foundation Yemen * 2008Adhikar Adhikar India ** 2008ADICH Honduras * 2008

ADIM Nicaragua ** 2008

ADOPEM Asociación Dominicana para el Desarrollo de la Mujer Dominican Republic ** 2008

ADRA - PER Peru *** 2008

ADRI Asociación ADRI Costa Rica ** 2008

Aetos Rural Credit Cooperative 'Aetos' Bulgaria * 2008AFK Agency for Finance in Kosovo Kosovo ** 2008AFODENIC Asociacion para el Fomento al Desarrollo de Nicaragua Nicaragua ** 2008

AFS Ariana Financial Services (Mercy Corps) Afghanistan * 2008Agência do Crédito Agência do Crédito Brazil * 2008AGAPE Asociación General Para Asesorar Pequeñas Empresas Colombia ** 2008

Aqrarkredit Aqrarkredit Azerbaijan ** 2008AgroCapital Fundación AgroCapital Bolivia *** 2008Agrocredit Plus MCA "Agrocredit Plus" Kyrgyzstan ** 2008Agroimpuls Riral Credit Cooperative 'Agroimpuls' Bulgaria * 2008AgroInvest AgroInvest Serbia ** 2008Agroinvestbank OJSC Agroinvestbank Tajikistan ** 2008AGUDESA Asociación Guatemalteca para el Desarrollo Guatemala ** 2008

DATA QUALITY

1st Valley Bank (formerly Rural Bank of Kapatagan Valley, Inc).

Asociación Cooperativa de Ahorro y Crédito Vicentina de R.L.

Asociación para el Desarrollo Integral Comunitario de Honduras

Asociación Alternativa Para el Desarrollo Integral de las Mujeres

Adventist Development and Relief Agency International - Peru

Page 22: 2008 MFI Benchmarks

Participating Institutions

ACRONYM NAME COUNTRY Year:DATA QUALITYA-invest MCO A-invest Kazakhstan ** 2008

Aiyl Bank Aiyl Bank (formerly KAFC) Kyrgyzstan ** 2008Akiba Akiba Commercial Bank Ltd Tanzania ** 2008Akuapem RB Akuapem RB Ghana * 2008Al Amana Morocco *** 2008

Al Awael Al Awael Microfinance Company Yemen * 2008Al Karama Association Al Karama de Micro Credit Morocco ** 2008Al Majmoua Lebanese Association for Development -- Al Majmoua Lebanon ** 2008Al Rafah Bank Rafah Bank for Microfinance Palestine ** 2008Al Tadamun Al Tadamun Microfinance Program Egypt ** 2008Alidé Benin ** 2008

Alliance Group Microfinance Organization Alliance Group Georgia * 2008

Alliance MFB Alliance Microfinance Bank Limited Nigeria * 2008ALSOL Alternativa Solidaria Chiapas Mexico ** 2008Alternativa CC Alternativa Russia * 2008Alternativa 19 del Sur Alternativa 19 del Sur, S.A. de C.V. SOFOM E.N.R. Mexico * 2008Alternativa Microfinanzas Peru ** 2008

Alteya Credit Consumer Cooperative Credit Union "Alteya" Russia * 2008Al-Thiqa Al-Thiqa Micro Finance and Small Business Loan Iraq ** 2008Alwatani National Microfinance Bank Jordan Jordan ** 2008AMA Asociación Mujeres en Acción Peru ** 2008AMC Ahli Microfinancing Company Jordan ** 2008

AMC de R.L. Sociedad Cooperativa de Ahorro y Crédito AMC de R.L. El Salvador ** 2008

Ameen CHF International / Ameen Lebanon ** 2008AMEXTRA AMEXTRA Mexico * 2008AMfB Accion Microfinance Bank Ltd Nigeria ** 2008AMFI Afghanistan Microfinance Initiative (CHF International) Afghanistan * 2008AMK Angkor Mikroheranhvatho Kampuchea Cambodia ** 2008AML Asmitha Microfin Ltd. India ** 2008Amlok Microdeposit Organization "Amlok" Tajikistan * 2008AMMACTS Acts Mahila Mutually Aided Coop Thrift Society India ** 2008

AMOS Association Microfinance Oued Srou Morocco ** 2008AMRET AMRET Co. Ltd. - formerly EMT Cambodia ** 2008AMSSF/MC Association Marocaine Societe Sans Frontieres / Micro-redit Morocco ** 2008

ANDE Agência Nacional de Desenvolvimento Microempresarial Brazil *** 2008

ANED ANED Bolivia * 2008APED Association of Progressive Entrepreneurs in Development Ghana ** 2008

Apoyo Económico APOYO ECONOMICO FAMILIAR, S.A. DE C.V. Mexico ** 2008Apoyo Integral Apoyo Integral S.A. de C.V. El Salvador ** 2008

APROS Ámbito Productivo Mexico * 2008Aqroinvest Aqroinvest Credit Union Azerbaijan ** 2008ARD Association for Rural Development Sierra Leone ** 2008ARDCI Agriculture and Rural Development for Catanduanes, Inc. Philippines ** 2008

ARDI Fondation ARDI Morocco ** 2008

Association Al Amana for the Promotion of Micro-Enterprises Morocco

Association de Lutte pour la promotion des Initiatives de Développement

Alternativa, Centro de Investigación Social y Educación Popular

Page 23: 2008 MFI Benchmarks

Participating Institutions

ACRONYM NAME COUNTRY Year:DATA QUALITYAREGAK UCO AREGAK Universal Credit Organization CJSC Armenia ** 2008

ARMP Afghanistan * 2008

Arnur Credit TOO MCO Arnur Credit Kazakhstan ** 2008Arohan Arohan India *** 2008ASA ASA Bangladesh * 2008ASA - GHA ASA Ghana Ghana ** 2008ASA Philippines ASA Philippines Philippines ** 2008

ASALA Palestinian Businesswomen's Association Palestine ** 2008Asasah Asasah Pakistan ** 2008ASBA Assiut Businessmen Association Egypt ** 2008

ASC Union ASC Union (formerly Rural Financial Fund) Albania ** 2008ASDIR Asociación de Desarrollo Integral Rural Guatemala ** 2008ASEI Asociación de Extensionistas Empresariales del INCAE El Salvador ** 2008ASHI Ahon Sa Hirap Inc. Philippines ** 2008ASIDME Acción de Servicio y Desarrollo para la Micro Empresa Peru * 2008ASKI Alalay Sa Kaunlaran, Inc. Philippines * 2008Asociación Arariwa Asociación Arariwa Peru ** 2008Asociación El Balsamo Asociación El Balsamo El Salvador ** 2008

Asociación Raíz Asociación para el Desarrollo RAIZ Guatemala * 2008ASODENIC Nicaragua * 2008

ASOPROSANRAMON Costa Rica ** 2008

ASP Financiera Mexico *** 2008

ASPIRE Asociación Para Inversión y Empleos Dominican Republic * 2008ASR Credit Union 'ASR' Uzbekistan * 2008ASTI Microloan Fund ASTI Tajikistan ** 2008ASUSU CIIGABA ASUSU CIIGABA Niger ** 2008ATEMEXPA Mexico * 2008

Atwima Kwanwoma Atwima Kwanwoma Ghana ** 2008

Avantaj CCCC 'Avantaj' Russia * 2008Avanzar Asociacion Civil Avanzar por el Desarrollo Humano Argentina * 2008AWS Aadarsha Welfare Society India ** 2008AYNLA Asociación Ayudense y Nosotros les Ayudaremos Guatemala ** 2008Azal Sanaa Microfinance Project (Azal) Yemen * 2008Azercredit VF AzerCredit LLC Azerbaijan ** 2008Azerdemiryolbank Azerdemiryolbank Azerbaijan *** 2008Azeri Star Azeri Star Microfinance Azerbaijan *** 2008

Bai Tushum Bai Tushum and Partners Kyrgyzstan ** 2008Bancamía Bancamía S.A., Banco de las Microfinanzas Colombia ** 2008Banco ADEMI Banco ADEMI Dominican Republic ** 2008

Banco Amigo Banco Amigo, S.A. Institución de Banca Múltiple Mexico ** 2008Banco da Familia Associacao Brasileira para o Desenvolvimento da Familia Brazil ** 2008

Banco do Empreendedor Banco do Empreendedor Brazil ** 2008Banco do Povo ACP Associação de Crédito Popular Banco do Povo Brazil * 2008Rede Novo Sol Brazil * 2008

Afghanistan Rural Microcredit Programme (Aga Khan Development Network)

Asociación de Oportunidad y Desarrollo Económico de Nicaragua

Asociación Pro fomento de Proyectos Productivos de la Sub Región de San Ramón

ASP, Consultores & Representación, S.A. de C.V. SOFOM E.N.R.

Asesoría Técnica Especializada de México en Palma de Aceite, S.C.

Rede Sócio Econ. Popular e Solidária de Desenv. Sustentável Novo Sol - Banco do Povo de Nova Ipixuna

Page 24: 2008 MFI Benchmarks

Participating Institutions

ACRONYM NAME COUNTRY Year:DATA QUALITYBanco do Vale CREDIVALE Agência Metropolitana de Microcrédito Brazil ** 2008

Banco Familiar Banco Familiar Paraguay *** 2008Banco Popular do Brasil Banco Popular do Brasil S.A. Brazil ** 2008Banco Santiago de Libon Rural Bank of Santiago Libon (Albay) Inc. Philippines ** 2008Banco Solidario Banco Solidario Ecuador *** 2008BancoEstado BancoEstado Chile * 2008BancoSol BancoSol Bolivia *** 2008BanCovelo Banco Popular Covelo Honduras ** 2008BANCRI BANCRI - Banco de Crédito Popular Brazil * 2008

Bandhan Bandhan India ** 2008BANEX Banco del Exito, ex FINDESA Nicaragua *** 2008BanGente Banco De La Gente Emprendedora Venezuela *** 2008

Bangko Kabayan Bangko Kabayan (Ibaan Rural Bank Inc.) Philippines ** 2008Bangko Luzon Bangko Luzon Philippines ** 2008Bangko Mabuhay Bangko Mabuhay (RB Tanza Inc.) Philippines ** 2008Bank Eskhata Bank Eskhata Tajikistan ** 2008Bank of Baku Bank of Baku Azerbaijan ** 2008BASIX Bhartiya Samruddhi Finance Limited India ** 2008BAYOCA Bhagawan Youth Club, Alapot, Ktm Nepal ** 2008

BCB Bukidnon Cooperative Bank Philippines ** 2008BCSC Banco Caja Social Colombia Colombia *** 2008BEES Bangladesh Extension Education Services Bangladesh * 2008Bereke Kazakhstan Microcredit Organization Bereke Kazakhstan ** 2008Bereke-credit MCC Bereke-credit Kyrgyzstan * 2008Berendina Microfinance Berendina Microfinance Institute (Guarantee) Ltd Sri Lanka ** 2008BESA BESA Foundation Albania ** 2008Bessfa RB Bessfa Rural Bank Ghana ** 2008

BFL BWDA Finance Ltd. India ** 2008BFSBS BFSBS Russia * 2008BG Buusaa Gonofaa Ethiopia ** 2008

BIMAS Business Initiative and Management Assistance Services Kenya *** 2008

Binhminh CDC Vietnam ** 2008

BISWA Bharat Integrated Social Welfare Agency India ** 2008BJS Belgharia Janakalyan Samity India ** 2008Blago CCCC 'Blago' Russia * 2008BMSCCSL Buddha Mahila Savings and Credit Cooperative Society Ltd. Nepal ** 2008

BMT Kayu Manis BMT Kayu Manis Indonesia * 2008BMT Pringsewu Sharia Cooperative Baitul Mal Wat Tamwil Pringsewu Indonesia * 2008BOM Banco Oportunidade de Moçambique Mozambique ** 2008

Bonzali RB Bonzali Rural Bank Ltd Ghana * 2008Borshud MLF Borshud Tajikistan * 2008BPR AN KBPR Arta Nawa Indonesia * 2008BPR Aditama Arta PT. BPP Aditama Arta Indonesia ** 2008BPR AK KBPR Arta Kencana Indonesia * 2008BPR Artadamas Mandiri BPR Artadamas Mandiri Indonesia * 2008BPR BBTM BPR Bekasi Binatanjung Makmur Indonesia * 2008BPR BKK Cilacap BPR BKK Cilacap Indonesia * 2008

BPR CAS PT. BPR Citra Artha Sedana Indonesia ** 2008

Binhminh Community Development Consulting Company, Ltd.

Page 25: 2008 MFI Benchmarks

Participating Institutions

ACRONYM NAME COUNTRY Year:DATA QUALITYBPR Citama PT. BPR Cita Makmur Lestari Indonesia * 2008

BPR DMG BPR Dana Multi Guna Indonesia ** 2008BPR Eka Ayu PT BPR Eka Ayu Artha Buwana Indonesia * 2008BPR Eka Usaha BPR Eka Usaha Indonesia * 2008BPR Hitamajaya PT. BPR Hitamajaya Argamandiri Indonesia ** 2008BPR NBP 11 PT. BPR NBP 11 Indonesia ** 2008BPR NBP 19 PT. BPR NBP 19 Indonesia ** 2008BPR NBP 2 PT. BPR NBP 2 Indonesia ** 2008BPR NBP 30 PT. BPR NBP 30 Indonesia ** 2008

BPR NSI PT BPR Nur Semesta Indah Indonesia * 2008BPR Pinang Artha BPR Pinang Artha Indonesia * 2008BPR PKT PT BPR Parta Kencana Tohpati Indonesia ** 2008

BPR SAS PT. BPR Sejahtera Artha Sembada Indonesia ** 2008BPR Sukawati Pancakanti BPR Sukawati Pancakanti Indonesia * 2008BPR SKA BPR Sukma Kemang Agung Indonesia ** 2008BPR Surya Yudha Kencana PT. BPR Surya Yudha Kencana Indonesia * 2008BPR Taman Dhana PT. BPR Taman Dhana Indonesia * 2008BPR Wahana Sentra Artha PT.BPR Wahana Sentra Artha Indonesia ** 2008BRAC Bangladesh Rural Advancement Committee Bangladesh * 2008

BRAC - AFG BRAC Afghanistan Afghanistan ** 2008BRAC - LKA BRAC Sri Lanka Sri Lanka ** 2008BRAC - SS BRAC Southern Sudan Sudan * 2008BRAC - TZA BRAC Tanzania Tanzania ** 2008BRAC - UGA BRAC Uganda Uganda ** 2008BRCCC Bolschemurtinskyi RCCC Russia * 2008BSS Bharatha Swamukti Samsthe India ** 2008BTA Bank BTA Bank (formerly Ineximbank) Kyrgyzstan ** 2008

BURO Bangladesh BURO Bangladesh, formerly BURO Tangail Bangladesh ** 2008BWDC Bharathi Women Development Centre India * 2008BZMF Beselidhja/Zavet Microfinance Kosovo ** 2008

CACMU Ecuador ** 2008

CAFASA Mexico * 2008

CAFODEC Guinea * 2008

Caja Depac Poblana Caja Depac Poblana SC de RL Mexico ** 2008Caja Popular Mexicana Caja Popular Mexicana Mexico ** 2008CamCCUL CamCCUL Cameroon * 2008

CAME CAME Mexico * 2008CCAMETRO Caja de Crédito Metropolitana El Salvador ** 2008Cantilan Bank Cantilan Bank, Inc. Philippines ** 2008

CAPA CAPA Finance S.A. Romania ** 2008Capitec Bank Capitec Bank South Africa ** 2008CAPPED Congo, Republic of the ** 2008

CARD Bank CARD Bank, Inc. Philippines ** 2008CARD NGO Center for Agriculture and Rural Development, Inc. Philippines ** 2008CARE - CREEME Honduras * 2008

Caritas Caritas Peru ** 2008

COOPERATIVA DE AHORRO Y CRÉDITO MUJERES UNIDAS

Consultores Agropecuarios y Forestales Asociados, S.A. de C.V.

Centre d'Appui et de formation pour le développement, l'Epargne et le Credit et l'éducation Civique

Caisse de Participation à la Promotion des Entreprises et à leur Développement

CARE de Honduras Programa de Crecimiento Económico de Microempresas (CREEME)

Page 26: 2008 MFI Benchmarks

Participating Institutions

ACRONYM NAME COUNTRY Year:DATA QUALITYCaritas Esteli Caritas Esteli Nicaragua * 2008

Casa do Microcrédito Casa do Microcrédito Brazil ** 2008Cashpor MC Cashpor Microcredit India ** 2008CAURIE Micro Finance Senegal * 2008

CBB Chhimek Bikas Bank Ltd. Nepal ** 2008CBDIBA/RENACA CBDIBA/RENACA Benin * 2008CBIRD Cambodia Business Integrated in Rural Development Cambodia ** 2008

CBMO Cooperative Bank of Misamis Oriental Inc. Philippines ** 2008CCA Crédit Communautaire d'Afrique Cameroon ** 2008CCC La Casa Campesina Cayambe Ecuador ** 2008

CDM Crédit de développement mutuel Cameroon * 2008CDRO Guatemala ** 2008

CDS Crédit du Sahel Cameroon * 2008CEADe Centro Ecumênico de Apoio ao Desenvolvimento Brazil * 2008CEAPE BA Centro de Apoio aos Pequenos Empreendimentos da Bahia Brazil ** 2008

CEAPE MA Brazil ** 2008

CEAPE PE Brazil ** 2008

CEAPE PI Centro de Apoio aos Pequenos Empreendimentos do Piauí Brazil ** 2008

CECA Coopérative d'Epargne et de Crédit des Artisans Togo ** 2008

CECIC S.A. CECIC S.A. Cameroon ** 2008CEC-PROM Mature Coopératives d'Epargne et de Crédit des Promotrices Cameroon ** 2008CEDEF Calvary Enterprise Development Foundation Ghana ** 2008CEF Counterpart Enterprise Fund Russia * 2008Centenary Bank Centenary Rural Development Bank Ltd. Uganda ** 2008Central Cresol Baser Central Cresol Baser Brazil ** 2008CEOSS Coptic Evangelical Organization for Social Services Egypt ** 2008

CEP Capital Aid Fund for Employment of the Poor Vietnam *** 2008CEP BRVT CEP Ba Ria - vung Tau Vietnam ** 2008CEP Long An CEP Long An Vietnam ** 2008CEPESIU Ecuador *** 2008

CEPRODEL Centro de Promoción del Desarrollo Local Nicaragua *** 2008CESOL ACJ CESOL ACJ Ecuador ** 2008CETZAM CETZAM Opportunity Microfinance Ltd Zambia ** 2008CEVI Community Economic Ventures, Inc. Philippines ** 2008CFA Child Fund Afghanistan Afghanistan ** 2008CFE Centre Financier aux Entrepreneurs S.A. AGASEKE Rwanda * 2008

CFF Cedi Finance Foundation Ghana ** 2008CFPA China Fund for Poverty Alleviation * 2008

Chamroeun Chamroeun Microfinance - Entrepreneurs du Monde Cambodia ** 2008Chandeshwori Chandeshwori Saving and Credit Co-operative Society, Ltd. Nepal ** 2008

CHC-Limited CHC-Limited Cambodia *** 2008CHF Iraq CHF Iraq Iraq ** 2008Childfund Hoa Binh Childfund Hoa Binh Vietnam * 2008

Caisse AUtonome pour le Renforcement des Initiatives Économiques par la Micro finance

Asociación Cooperación para el Desarrollo Rural de Occidente

Centro de Apoio aos Pequenos Empreendimentos do Maranhão

Centro de Apoio aos Pequeno Empreendimentos de Pernambuco

Centro De Promoción y Empleo Para el Sector Informal Urbano

China, People's Republic of

Page 27: 2008 MFI Benchmarks

Participating Institutions

ACRONYM NAME COUNTRY Year:DATA QUALITYChita FSBS Fund for Small Business Support in the Chita Region Russia * 2008

CHWDA Chun Hua Women's Development Assosication ** 2008

CIDRE CIDRE Bolivia ** 2008CMAC Arequipa Caja Municipal de Ahorro y Crédito - Arequipa Peru *** 2008CMAC Cusco Caja Municipal de Ahorro y Crédito - Cusco Peru *** 2008CMAC Del Santa Caja Municipal de AHorro y Crédito Del Santa Peru ** 2008CMAC Huancayo Caja Municipal de AHorro y Crédito de Huancayo Peru *** 2008

CMAC Ica Caja Municipal de Ahorro y Crédito - ICA Peru *** 2008CMAC Maynas Caja Municipal de Ahorro y Crédito de Maynas Peru * 2008CMAC Paita Caja Municipal de Ahorro y Crédito de Paita Peru ** 2008

CMAC Pisco Caja Municipal de Ahorro y Crédito de Pisco Peru * 2008CMAC Piura CMAC Piura Peru *** 2008CMAC Sullana Caja Municipal de Ahorro y Crédito de Sullana S.A. Peru *** 2008CMAC Tacna Caja Municipal de Ahorro y Crédito de Tacna Peru *** 2008CMAC Trujillo Caja Municipal de Ahorro y Crédito de Trujillo Peru *** 2008CMCA Crédit Mutuel de Centrafrique Central African Republic * 2008CMEDFI Cebu Micro-Enterprise Development Foundation Inc. Philippines ** 2008CMFinance Center for Microfinance Russia * 2008

CMMB Caisse du Mouvement Mutualiste Béninois Benin ** 2008CMS Crédit Mutuel du Sénégal Senegal * 2008COAC 4 de Octubre Cooperativa de Ahorro y Crédito 4 de Octubre Ecuador ** 2008

COAC Acción Rural Cooperativa Acción Rural Ecuador ** 2008COAC Ambato Cooperativa de Ahorro y Crédito Ambato Ltda. Ecuador ** 2008COAC Artesanos COAC Artesanos Ltda Ecuador ** 2008COAC Chone COAC Chone Ecuador *** 2008COAC Fernando Daquilema Cooperativa de Ahorro y Crédito Fernando Daquilema Ecuador ** 2008COAC Fondvida Cooperativa de Ahorro y Crédito Fondvida Ecuador ** 2008COAC Huaycopungo COAC Huaycopungo Ecuador * 2008COAC Jardín Azuayo Cooperativa de Ahorro y Crédito Jardín Azuayo Ecuador *** 2008

COAC Kullki Wasi COAC Kullki Wasi Ecuador ** 2008COAC La Benéfica COAC La Benéfica Ecuador * 2008COAC Luz del Valle COAC Luz del Valle Ecuador ** 2008COAC MCCH Cooperativa de Ahorro y Crédito Maquita Cushunchic Ecuador *** 2008COAC Minga Cooperativa de Ahorro y Crédito Minga Ltda Ecuador * 2008COAC Mushuc Runa COAC Mushuc Runa Ltda. Ecuador ** 2008COAC La Nacional COAC La Nacional Ecuador ** 2008COAC Padre Vicente Cooperativa de Ahorro y Crédito Padre Vicente Ponce Rubio Ecuador ** 2008

COAC Pallatanga COAC San Miguel de Pallatanga Ecuador ** 2008

COAC Sac Aiet Cooperativa de Ahorro y Crédito Sac Aiet Ecuador ** 2008COAC San Antonio COAC San Antonio Ecuador ** 2008COAC San Gabriel COAC San Gabriel Ecuador ** 2008COAC San José Cooperativa de Ahorro y Crédito - San José Ecuador *** 2008COAC Santa Ana COAC Santa Ana Ecuador *** 2008COAC Santa Anita COAC Santa Anita Ecuador ** 2008COCDEP Mexico * 2008

CODESARROLLO CODESARROLLO Ecuador *** 2008Columbia Microcreditos Banco Columbia División Microcreditos Argentina * 2008

Common Interest Common Interest International Thailand ** 2008

China, People's Republic of

Consultoría y Capacitación para el Desarrollo Productivo, S.C.

Page 28: 2008 MFI Benchmarks

Participating Institutions

ACRONYM NAME COUNTRY Year:DATA QUALITYCompartamosBanco Banco Compartamos S.A. Institución de Banca Múltiple Mexico *** 2008

Comultrasan Colombia ** 2008

Conserva Conserva Mexico * 2008Contactar Corporación Nariño Empresa y Futuro Colombia * 2008Coop 20 de Abril Cooperativa de Servicios Múltiples 20 de Abril R.L. Nicaragua ** 2008Coop Avances Cooperativa de Ahorro y Credito Financiera Avances R.L. Nicaragua ** 2008

Coop Fátima Cooperativa Fátima Bolivia *** 2008Coop Jesús Nazareno Cooperativa Jesús Nazareno Ltda. Bolivia *** 2008Coop Juan XXIII Cooperativa de Servicios Múltiples Juan XXIII. R.L. Panama * 2008

COOPAC Chiquinquira Cooperativa de Ahorro y Crédito Chiquinquira Peru * 2008COOPAC León XIII COOPAC León XIII Peru * 2008COOPAC Los Andes Peru *** 2008

COOPAC Norandino COOPAC Norandino Ltda. Peru ** 2008COOPAC San Cristóbal COOPAC San Cristóbal de Huamanga Peru * 2008COOPAC San Martín COOPAC San Martin de Porres - PER Peru ** 2008COOPAC Santa Maria Cooperativa de Ahorro y Crédito Santa Maria Magdalena Peru * 2008

COOPAC Santo Cristo COOPAC Santo Cristo de Bagazán Peru ** 2008COOPAC Santo Domingo Cooperativa de Ahorro y Crédito Santo Domingo de Guzmán Peru ** 2008

COOPAC Tocache Cooperativa de Ahorro y Crédito Tocache Peru ** 2008COOPEC Hinfani Dosso COOPEC Hinfani Dosso Niger * 2008COOPEC/ACCO * 2008

COOPEDU-Kigali COOPEDU-Kigali Rwanda ** 2008COOPROGRESO COOPROGRESO Ecuador *** 2008COSPEC Burundi ** 2008

CPECG Yete Mali CPECG Yete Mali Guinea * 2008

CRAC Los Andes Caja Rural de Ahorro y Crédito Los Andes Peru *** 2008CRAC Nuestra Gente Caja Rural de Ahorro y Crédito Nuestra Gente Peru *** 2008CRAC Profinanzas Caja Rural de Ahorro y Crédito Profinanzas Peru *** 2008

CRAC Señor de Luren Caja Rural de Ahorro y Crédito Señor de Luren Peru *** 2008CRAC Sipán Caja Rural de Ahorro y Crédito Sipán S.A. Peru *** 2008CRAN Christian Rural Aid Network Ghana ** 2008Crece Safsa Crece Safsa, S.A. de C.V. Mexico * 2008CRECER Crédito con Educación Rural Bolivia *** 2008CredAgro NBCO CredAgro Non-Banking Credit Institution Azerbaijan ** 2008Credi Fé Credi Fé Desarrollo Microempresarial S.A. Ecuador ** 2008CrediAmigo Banco do Nordeste do Brasil S/A Brazil ** 2008

CrediAvance Mexico * 2008

Credi-Capital CREDI-CAPITAL, S.A. de C.V. SOFOM E.N.R (antes ASEA) Mexico * 2008

CrediClub CrediClub, S.A. de C.V., SOFOM E.N.R. Mexico * 2008CrediComún Servicios para el Desarollo Comunitario, S.A. de C.V. Mexico ** 2008Credicoop Cooperativa Credicoop Ltda. Chile ** 2008CREDIMUJER Credito para la Microempresa y el Desarrollo Social Costa Rica ** 2008Crediscotia Crediscotia Financiera Peru *** 2008

Cooperativa de Ahorro y Crédito de Santander Ltda. "Financiera Comultrasan"

Cooperativa de Ahorro y Crédito Los Andes Cotarusi Aymaraes

Cooperative d'epargne et de credit de l'assciation des chauffeurs du congo

Congo, Democratic Republic of the

Coopérative Solidarité avec les Paysans pour l'Epargne et le Crédit à Cibitoke

CrediAvance, S.A. de C.V. SOFOM E.N.R. (antes DESPENO)

Page 29: 2008 MFI Benchmarks

Participating Institutions

ACRONYM NAME COUNTRY Year:DATA QUALITYCredisol Instituição de Crédito Solidário Credisol Brazil ** 2008

CREDIT CREDIT MFI Cambodia ** 2008Credit Mongol Credit Mongol Mongolia ** 2008Créditos Pronegocio Mexico * 2008

CREDITUYO Mexico ** 2008

CREDO LLC "MFO CREDO" Georgia ** 2008CReSA Centre for Rural Reconstruction Through Social Action India * 2008Cresol Central Brazil ** 2008

Crezcamos Crezcamos S.A. Colombia ** 2008CRG Credit Rural de Guinée Guinea ** 2008

CRYSOL Fundación CRYSOL Guatemala *** 2008Crystal JSC MFO Crystal (formerly Crystal Fund) Georgia ** 2008CSD Centre for Self-help Development Nepal ** 2008CU Kosayu CU Kosayu Indonesia * 2008CU Pantai Prigi Credit Union Pantai Prigi Indonesia * 2008CU Sawiran Koperasi Kredit Sawiran Indonesia * 2008CUMO CUMO Microfinance Limited Malawi ** 2008CVECA Kita/Bafoulabé CVECA Kita/Bafoulabé Mali * 2008

CVECA Pays Dogon CVECA Pays Dogon Mali * 2008CVECA SOUM Burkina Faso * 2008

CWCD Centre for Woman Co-operative Development Pakistan ** 2008CZWSDA * 2008

DAMEN Development Action for Mobilization and Emancipation Pakistan ** 2008DAYAQ-Credit NBCO "DAYAQ-Credit" LLC Azerbaijan * 2008DBACD Egypt ** 2008

DD Bank Deprosc Development Bank Ltd. Nepal ** 2008

DEC Development Exchange Center Nigeria ** 2008DECSI Dedebit Credit and Savings Institution Ethiopia ** 2008DEF Development and Employment Fund Jordan ** 2008Degaf Degaf Ethiopia * 2008DEPROSC-Nepal Development Project Service Centre - Nepal Nepal * 2008Despacho Amador Despacho Alfonso Amador Mexico * 2008Diaconia FRIF Diaconia Bolivia ** 2008Dian Mandiri Dian Mandiri Foundation Indonesia ** 2008

DINARI Dian Bhuana Lestari Foundation Indonesia ** 2008Dirigible Microcredit Company 'Dirigible' Kyrgyzstan * 2008DJOMEC DJOMEC Senegal * 2008

DSK Dobrich DSK Dobrich Bulgaria * 2008D-Miro D-miro Ecuador *** 2008Don Apoyo Don Apoyo S.A. de C.V. Mexico * 2008Doveriye - Volgograd Doveriye Consumer Credit Cooperative of Citizens Russia * 2008Doveriye (Amursk) Credit Union 'Doveriye' (Amursk) Russia * 2008Doveriye- Bulgaria Rural Credit Cooperative 'Doveriye' Bulgaria * 2008Doveriye-Altay Consumer Credit Cooperative 'Doveriye-Altay' Russia * 2008DQF Daasgift Quality Foundation Ghana ** 2008

Créditos Pronegocio, S.A. de C.V. SOFOL, Grupo Financiero Norte

Servicios Financieros de Desarrollo Comunitario, S.A. de C.V. SOFOM E.N.R.

Cresol Central SC/RS - Cooperativa Central de Crédito Rural com Interação Solidária

Caisses villageoises d'épargne et de credit autogérées du Soum

Chifeng Zhaowuda Women's Sustainable Development Association

China, People's Republic of

Dakahlya Businessmen's Association for Community Development

Page 30: 2008 MFI Benchmarks

Participating Institutions

ACRONYM NAME COUNTRY Year:DATA QUALITYDSPI Daan Sa Pag-unlad Inc. Philippines * 2008

Duterimbere Duterimbere Rwanda ** 2008ECLOF - ARM Ecumenical Church Loan Fund - ARM Armenia ** 2008ECLOF - ECU Ecumenical Church Loan Fund - Ecuador Ecuador ** 2008ECLOF - PHL ECLOF Philippines Foundation, Inc. Philippines ** 2008EcoFuturo FFP Eco Futuro Fondo Financiero Privado Bolivia *** 2008EDAPROSPO EDAPROSPO Peru ** 2008Edinstvo Yurga CCC 'Edinstvo Yurga' Russia * 2008Edinstvo-Volgograd CCC 'Edinstvo-Volgograd' Russia * 2008

EDPYME Acceso Crediticio EDPYME Acceso Crediticio Peru * 2008EDPYME Alternativa EDPYME Alternativa Peru *** 2008EDPYME Confianza EDPYME Confianza Peru *** 2008

EDPYME Crear Arequipa EDPYME Crear Arequipa Peru *** 2008EDPYME Credivisión EDPYME Credivisión Peru *** 2008EDPYME Efectiva EDPYME Efectiva Peru ** 2008EDPYME Nueva Visión EDPYME Nueva Visión Peru *** 2008EDPYME Pro Negocios EDPYME Pro Negocios Peru * 2008EDPYME Proempresa EDPYME Proempresa Peru ** 2008EDPYME Raíz EDPYME Raíz Peru *** 2008

Ehyoi kuhiston Microloan Fund Ehyoi kuhiston Tajikistan * 2008EKI EKI Bosnia and Herzegovina *** 2008EKPA Consumer Credit Union 'Economic Partnership' Russia * 2008Elet-Capital MCC Elet-Capital Kyrgyzstan *** 2008Emprender EMPRENDER Bolivia Bolivia *** 2008

Enda Enda Inter-Arabe Tunisia *** 2008ENLACE ENLACE - Servicios Financieros S.A de C.V. El Salvador ** 2008Equitas Equitas Micro Finance India India ** 2008Equity Bank Equity Bank Kenya ** 2008ESAF ESAF Microfinance and Investments (P) Ltd India ** 2008ESED Egyptian Small Enterprise Development Foundation Egypt * 2008Eshet Eshet Ethiopia ** 2008Espacios Alternativos Espacios Alternativos, S.C. Mexico * 2008

Crezkamos Kapital Crezkamos Kapital Eurekasoli, S. A. de C.V. Mexico * 2008Express Finance Express Finance IFN SA (formerly CHF - ROM) Romania ** 2008Fácil SCM Fácil Sociedade de Crédito ao Microempreendedor Ltda Brazil * 2008

FACES FACES Ecuador *** 2008FADEMYPE El Salvador ** 2008

FAFIDESS Guatemala * 2008

FAIR Bank First Agro-Industrial Rural Bank Philippines ** 2008FAM Fonds d'Actions Mutuelles Congo, Republic of the ** 2008FAMA OPDF Familia y Medio Ambiente OPDF Honduras ** 2008

FAPE Fundacion de Asistencia para la Pequeña Empresa Guatemala * 2008Farm Credit Armenia Farm Credit Armenia UCO CC Armenia ** 2008FASL First Allied Savings & Loans Ghana ** 2008

Fassil FFP Fondo FASSIL Bolivia *** 2008FATEN Palestine for Credit & Development Palestine ** 2008Faulu - KEN Faulu Kenya Deposit Taking Microfinance Limited Kenya ** 2008Faulu - UGA Faulu - Uganda Uganda ** 2008

Fundación para el Auto Desarrollo de la Micro y Pequeña Empresa

Fundación de Asesoría Financiera a Instituciones de Desarrollo y Servicio Social

Page 31: 2008 MFI Benchmarks

Participating Institutions

ACRONYM NAME COUNTRY Year:DATA QUALITYFBPMC Fondation Banque Populaire pour le Micro-Credit Morocco ** 2008

AfricaWorks AfricaWorks Mozambique * 2008FDL Fondo de Desarrollo Local Nicaragua ** 2008FDM Mozambique ** 2008

FECECAM Benin * 2008

FED Fundación Ecuatoriana de Desarrollo Ecuador ** 2008FFECC First Far Eastern Credit Cooperative Russia * 2008FFSA Fund for Financial Support of Agriculture Kazakhstan ** 2008FIACG Guatemala ** 2008

FICO First Isabela Cooperative Bank Philippines ** 2008

FIDERPAC Fundación Integral de Desarrollo Rural del Pacífico Central Costa Rica ** 2008

FIDEVIE FIDEVIE Benin * 2008FIE FFP Bolivia *** 2008

FIE Gran Poder FIE Gran Poder S.A. Argentina *** 2008FIELCO Financiera El Comercio Paraguay *** 2008FinAgro FinAgro Georgia *** 2008FinAmérica Financiera América Colombia ** 2008

FinAmigo Mexico * 2008

Financiera Edyficar Financiera Edyficar S.A. Peru *** 2008

Financiera Fama Financiera Fama S.A. Nicaragua ** 2008Financiera Independencia Financiera Independencia, S.A.B. de C.V. SOFOM E.N.R. Mexico *** 2008

FINCA - AFG FINCA Afghanistan Afghanistan * 2008FINCA - ARM FINCA Armenia Armenia ** 2008FINCA - AZE FINCA Azerbaijan Azerbaijan ** 2008FINCA - DRC FINCA Democratic Republic of Congo ** 2008

FINCA - ECU FINCA Ecuador Ecuador ** 2008

FINCA - GEO FINCA Georgia Georgia ** 2008FINCA - GTM FINCA Guatemala Guatemala ** 2008FINCA - HND Financiera FINCA Honduras S.A. Honduras ** 2008FINCA - HTI FINCA - Haiti Haiti * 2008FINCA - JOR FINCA Jordan Jordan ** 2008FINCA - KOS FINCA - Kosovo Kosovo ** 2008FINCA - MEX Fundación Integral Comunitaria, A.C. - FINCA México Mexico ** 2008FINCA - MWI FINCA Malawi Malawi * 2008

FINCA - NIC Nicaragua ** 2008

FINCA - PER FINCA Peru Peru *** 2008FINCA - Russia FINCA - Russia Russia ** 2008FINCA - SLV Fundación Internacional para la Asistencia Comunitaria El Salvador ** 2008FINCA - TJK FINCA Tajikistan Tajikistan ** 2008FINCA - TZA FINCA Tanzania Tanzania ** 2008FINCA - UGA FINCA Uganda Uganda ** 2008FINCA - ZMB FINCA Zambia Zambia ** 2008FinComún Servicios Financieros Comunitarios, S.A. de C.V. SFP Mexico ** 2008

Group-Guaranteed Lending and Savings - Fundo de Desenvolvimento da Mulher

Fédération des caisses d'épargne et de crédit agricole mutuel

Fundación Internacional para la Asistencia Comunitaria de Guatemala

Fondo Financiero Privado para el Fomento a Iniciativas Economicas

Financiera Mexicana para el Desarrollo Rural, S.A. DE C.V., S.F.P.

Congo, Democratic Republic of the

Fundación Internacional para la Asistencia Comunitaria - Nicaragua

Page 32: 2008 MFI Benchmarks

Participating Institutions

ACRONYM NAME COUNTRY Year:DATA QUALITYFINCORP FINCORP Swaziland ** 2008

FinDev Finance for Development LLC Azerbaijan ** 2008FINORTE Financiera del Norte, S.A. de C.V. SOFOM E.N.R. Mexico * 2008FINSOL Financiera Solidaria Honduras Honduras ** 2008First Macro Bank First Macro Bank (Rural Bank of Pateros) Philippines ** 2008Emprenda FIS - Empresa Social S.A. Argentina ** 2008FISUR Fomento e Impulso del Sur S.A. de C.V. Mexico * 2008FMCC FINCA MicroCredit Company - formerly FINCA Kyrgyzstan Kyrgyzstan ** 2008

FMF First Microfinance Foundation - Aga Khan Egypt Egypt ** 2008FMFB - AFG The First MicroFinanceBank - Afghanistan Afghanistan ** 2008

FMFB - Pakistan First MicroFinanceBank Ltd - Pakistan Pakistan ** 2008FMFB - TJK The First MicroFinanceBank - Tajikistan Tajikistan ** 2008FMFI-SYR Frst Micro Finance Institution, Syria Syria ** 2008FMM Bucaramanga Fundación Mundial de la Mujer Bucaramanga Colombia ** 2008FMM Popayán Fundación Mundo Mujer Popayán Colombia ** 2008FMSD Fundación Mario Santo Domingo Colombia ** 2008FNT Credit FNT Credit Kyrgyzstan * 2008FODEM Fondo de Desarrollo para la Mujer Nicaragua ** 2008

FODEMI Fondo de Desarrollo Microempresarial Ecuador ** 2008FOMIC Fondo de Microproyectos Costarricenses Sociedad Civil Costa Rica ** 2008

FONCRESOL FONCRESOL Bolivia ** 2008FONDECO Fondo de Desarrollo Comunal Bolivia *** 2008FONDEP Morocco *** 2008

FONDESOL FONDESOL Guatemala ** 2008FONDESURCO Fondo de Desarrollo Regional Peru *** 2008Fondo Esperanza Fondo Esperanza Chile ** 2008Fonkoze Fondasyon Kole Zepòl Haiti * 2008Forjadores de Negocios Forjadores de Negocios, S. A. de C.V. SOFOM E.N.R Mexico ** 2008

Fortaleza FFP Fortaleza FFP Bolivia ** 2008FORUS FORUS Bank Russia *** 2008FORWARD Forum for Rural Women Ardency Development Nepal ** 2008FOVIDA Fomento de la Vida Peru ** 2008FRAC Fundación Realidad, A.C. Mexico *** 2008FUBODE Fundación Boliviana para el Desarrollo Bolivia ** 2008FUCEC Togo Togo * 2008

FUDEMI Fundación para el Desarrollo de la Microempresa Nicaragua * 2008FULM Saving House FULM Macedonia ** 2008

FUNBODEM Fundación Boliviana para el Desarrollo de la Mujer Bolivia *** 2008Fund for Women Developme Fund for Women Development - HCM Vietnam * 2008Fundación 4i-2000 Fundación 4i-2000 Nicaragua ** 2008Fundación Alternativa Fundación Alternativa Ecuador *** 2008Fundación Amanecer Fundación Amanecer Colombia ** 2008Fundación CAMPO Fundación CAMPO El Salvador ** 2008Fundación Esperanza Fundación Esperanza Internacional Dominican Republic ** 2008Fundación Espoir Fundación Espoir Ecuador ** 2008

Fundación León 2000 Fundación León 2000 Nicaragua ** 2008

Fondation pour le Development Local et le Partenariat Micro-Crédit

Faitière des Unités Coopératives d'Epargne et de Crédit du Togo

Page 33: 2008 MFI Benchmarks

Participating Institutions

ACRONYM NAME COUNTRY Year:DATA QUALITYFundación MICROS Fundación para el Desarrollo de la Microempresa MICROS Guatemala ** 2008

Fundación Mujer Fundación Mujer Costa Rica ** 2008Fundación Nieborowski Fundación José Nieborowski Nicaragua * 2008Fundación Paraguaya Fundación Paraguaya de Cooperación y Desarrollo Paraguay ** 2008FUNDAHMICRO Honduras ** 2008

FUNDAMIC Fundación de Ayuda Microempresarial Ecuador ** 2008FUNDEA Fundación para el Desarrollo Empresarial y Agrícola Guatemala ** 2008FUNDEBASE Fundación para el Desarrollo de Base Costa Rica ** 2008FUNDECOCA Fundación Unión y Desarrollo de Comunidades Campesinas Costa Rica ** 2008

FUNDENUSE Fundación para el Desarrollo de Nueva Segovia) Nicaragua ** 2008

FUNDEPYME Nicaragua * 2008

FUNDESER Fundación para el Desarrollo Socioeconómico Rural Nicaragua *** 2008FUNDESPE Fundacion para el Desarrollo de la Pequeña Empresa Guatemala ** 2008Fundusz Mikro Fundusz Mikro Poland ** 2008FUNED Fundación para el Desarrollo de Honduras Honduras ** 2008FUNHAVI Fundación Habitat y Vivienda, A.C. Mexico * 2008

FUNSALDE Fundación Salvadoreña para el Desarrollo El Salvador * 2008FVP Fundacion para La Vivienda Progresiva A.C. Mexico * 2008Génesis Empresarial Fundación Génesis Empresarial Guatemala ** 2008

Galaktika CCC Galaktika Russia * 2008Garant-Invest Garant-Invest Uzbekistan ** 2008Gasha Gasha Ethiopia * 2008GAWFA GAMBIA WOMEN'S FINANCE ASSOCIATION Gambia, The * 2008GBNB Grameen Bank Nepal Biratnagar Nepal ** 2008GCM Mexico ** 2008

General Toshevo Rural Credit Cooperative 'General Toshevo' Bulgaria * 2008GGEM Microfinance Services Sierra Leone ** 2008

GFSPL Grameen Financial Services Pvt Ltd India ** 2008GM Bank GM Bank Philippines ** 2008GOF Growing Opportunity Finance India ** 2008Gorodskoy Consumer Credit Cooperative 'Gorodskoy' Russia * 2008GRAINE sarl Burkina Faso * 2008

Grameen Bank Grameen Bank Bangladesh ** 2008Grameen Mendoza Fundación Grameen Mendoza Argentina ** 2008Grameen Sahara Grameen Sahara Matia Goalpara India ** 2008Green Bank Rural Green Bank of Caraga, Inc. Philippines ** 2008

Grupo Río La Venta Grupo Consultor Río la Venta S.A. de C.V. SOFOM E.N.R. Mexico * 2008

GU Gram-Utthan India ** 2008GV Grama Vidiyal India ** 2008Harbu Harbu Micro Finance Institution Share Company Ethiopia ** 2008HEED HEED Bangladesh Bangladesh * 2008Hekima Hekima ** 2008

Fundación Hondureña para el Desarrollo de la Microempresa

Fundación de Desarrollo Empresarial de la Pequeña y Mediana Empresa

Grupo Consultor para La Microempresa, S.A. de C.V., SOFOM, E.N.R.

Grassroots Gender Empowerment Movement Microfinance Services Ltd.

GRoupe d'Accompagnement à l'INvestissement et à l'Epargne

Congo, Democratic Republic of the

Page 34: 2008 MFI Benchmarks

Participating Institutions

ACRONYM NAME COUNTRY Year:DATA QUALITYHDH OPDF Fundación Microfinanciera Hermandad de Honduras OPDF Honduras ** 2008

HiH Hand in Hand India * 2008HKL Hattha Kaksekar Ltd. Cambodia *** 2008Hluvuku Hluvuku-Adsema Fundo de Credito Male yeru Mozambique ** 2008Hofokam Hofokam Uganda * 2008HOPE HOPE Ukraine Ukraine ** 2008Hope for Life Hope for Life Afghanistan ** 2008

Horizon Horizon fund Armenia ** 2008Horizonti Foundation Horizonti Skopje Macedonia ** 2008HSPFI Hagdan Sa Pag-uswag Foundation Inc. Philippines * 2008

ICC BluSol Instituição Comunitária de Crédito Blumenau Solidariedade Brazil ** 2008

ICC Conquista Solidária Instituição Comunitária de Crédito Conquista Solidária Brazil * 2008ICC MAUCE Brazil * 2008

ICMFB IC Microfinance Bank Nigeria Nigeria ** 2008IDDA Industrial District Development Association Egypt * 2008IDEPRO Instituto para el Desarrollo de la Pequeña Unidad Productiva Bolivia ** 2008

IDER CV IDER Cesar Vallejo Peru * 2008IDESI Lambayeque Instituto de Desarrollo del Sector Informal para Lambayeque Peru * 2008

IDESPA IDESPA Peru * 2008IDF Integrated Development Foundation Bangladesh * 2008ID-Ghana Initiative Development Ghana Ghana ** 2008IDH Instituto para el Desarrollo Hondureno Honduras ** 2008IDYDC Iringa Development of Youth, Disabled and Children Care Tanzania ** 2008

IFDP Institution Financier de Developpement de Phongsaly Laos * 2008ImerCredit MFI ImerCredit Ltd. (formerly BAI) Georgia * 2008IMFB Integrated Microfinance Bank Nigeria *** 2008

Imkoniyat Microlending Foundation Imkoniyat Tajikistan * 2008Imodi Hutal Microloan Fund Imodi Hutal Tajikistan * 2008IMON LLC Microlending organization IMON INTERNATIONAL Tajikistan *** 2008

IMPRO Asociación Incubadora de Microempresas Productivas Bolivia *** 2008Impuls Consumer Credit Cooperative " Russia * 2008Indur MACS India ** 2008

INECO INECO Bank Armenia ** 2008Inicjatywa Mikro Inicjatywa Mikro Poland ** 2008

INMAA Institution Marocaine d'Appui a la Micro-entreprise Morocco * 2008INSOTEC Ecuador *** 2008

Instituto Estrela Instituto Estrela de Fomento ao Microcrédito Brazil * 2008Intellekt Consumer Credit Cooperative of Citizens 'Intellekt' Russia * 2008Interactuar Interactuar Colombia *** 2008Interfisa Financiera Grupo Internacional de Finanzas SAECA Paraguay ** 2008Invest Credit Invest Credit LLC NBCO Azerbaijan ** 2008Invest-Credit Moldova Invest-Credit Moldova Moldova * 2008Invirtiendo Invirtiendo S.A. de C.V. Mexico * 2008

Instituição Comunitária de Crédito do Médio Alto Uruguai e Região Celeiro

Indur Intideepam Mutually Aided Thrift & Credit Cooperatives' Federation Limited

Instituto de Investigaciones Socioeconómicas y Tecnológicas

Page 35: 2008 MFI Benchmarks

Participating Institutions

ACRONYM NAME COUNTRY Year:DATA QUALITYIPR Intean Poalroath RongRoeurng LTD Cambodia ** 2008

Izdiharona Microfinance Relief International - Izdiharona Microfinance Iraq * 2008Jabal Al Hoss UNDP Rural Community Development in Jabal Al Hoss Syria * 2008Jamii Bora Jamii Bora Kenya Ltd Kenya * 2008Janodaya Janodaya Public Trust India ** 2008JCF Jagorani Chakra Foundation Bangladesh * 2008Jigiyaso Ba Jigiyaso Ba Mali * 2008Joldosh Group MCC Joldosh Group Kyrgyzstan * 2008JOVID Micro-loan fund 'JOVID' Tajikistan *** 2008

JSC Bank Constanta JSC Bank Constanta Georgia ** 2008JSCCS Janasachetan Saving and Credit Cooperative Society Ltd. Nepal ** 2008

Juaben RB Juaben Rural Bank Ghana ** 2008JVS Jeevum Vikas Samaj Nepal ** 2008JXWDA Jia Xian Women's Development Association ** 2008

KADET Kenya Agency to Development of Enterprise and Technology Kenya * 2008

Kafo Jiginew Kafo Jiginew Mali ** 2008Kakum RB Kakum RB Ghana ** 2008KAMURJ Microenterprise Development Fund Kamurj Armenia ** 2008

Kasagana-Ka Kasagana-Ka Development Foundation, Inc. Philippines ** 2008Kashf Foundation Kashf Foundation Pakistan ** 2008Kashf Bank Kashf Microfinance Bank Pakistan * 2008Kajnardza 96 Rural Credit Cooperative 'Kajnardza 96' Bulgaria * 2008Kazama Grameen Kazama Grameen, Inc. Philippines ** 2008KBank Kauswagan Bank Philippines ** 2008KBSLAB Krishna Bhima Samruddhi Local Area Bank Limited India ** 2008KCCDFI Kasanyangan-Mindanao Foundation, Inc. Philippines ** 2008Kemek MCO Kemek Kazakhstan * 2008KEP Kosovo Enterprise Program Kosovo ** 2008

KGMAMF Kosovo Grameen Missione Arcobaleno Kosovo ** 2008Khan Bank Khan Bank (Agricultural Bank of Mongolia LLP) Mongolia ** 2008Khushhali Bank Khushhali Bank Pakistan ** 2008KixiCredito KixiCredito Angola * 2008KMB KMB Bank Russia ** 2008KMBI Kabalikat para sa Maunlad na Buhay, Inc. Philippines ** 2008KMF Kazmicrofinance, LLC (formerly KLF) Kazakhstan ** 2008Kokari Kokari Niger * 2008

Komak Credit Komak Credit Union Azerbaijan ** 2008Kompanion Kyrgyzstan ** 2008

Kondo Jigima Kondo Jigima Mali * 2008KOPSA KOPSA India ** 2008KosInvest KosInvest Kosovo ** 2008KPOSB Kenya Post Office Savings Bank Kenya * 2008Kredo Kredo Bulgaria ** 2008K-Rep K-Rep Bank Kenya ** 2008KRK Ltd Kosovo ** 2008

KRUSHI KRUSHI India ** 2008

China, People's Republic of

Kompanion Financial Group Microfinance Closed Joint Stock Company

Kreditimi Rural i Kosoves LLC (formerly Rural Finance Project of Kosovo)

Page 36: 2008 MFI Benchmarks

Participating Institutions

ACRONYM NAME COUNTRY Year:DATA QUALITYKSF Kraban Support Foundation Ghana * 2008

KSK RPK KSK RPK Bulgaria ** 2008KVK CU 'Cash Department of Mutual Credit' Russia * 2008KVK-Altay Consumer Credit Cooperative 'KVK-Altay' Russia * 2008KWFT Kenya Women Finance Trust Kenya ** 2008La Community Bank La Community Bank Ghana ** 2008Lak Jaya Lak Jaya Micro Finance Ltd. Sri Lanka * 2008LAM LAM Rural Microfinance PLC Romania ** 2008LAPO-NGR Lift Above Poverty Organisation Nigeria ** 2008

LAPO-SLE LAPO-SLE Sierra Leone * 2008Lazika Capital Small Business Development Foundation Georgia *** 2008Lead Foundation Lead Foundation Egypt ** 2008

Letta Letta Micro Finance Institution Share Company Ethiopia ** 2008LIDER LIDER Bosnia and Herzegovina ** 2008Life Bank Life Bank Foundation, Inc. Philippines ** 2008LOK Microcredit Foundation LOK Microcredit Foundation Bosnia and Herzegovina *** 2008LSK Laafi Sira Kwieogo Burkina Faso ** 2008M7 Can Loc Vietnam * 2008

M7 DB District M7 HuyÇn iÇn Biên Vietnam * 2008M7 DBP City M7 TP iÇn Biên Vietnam * 2008M7 Dong Trieu M7 ông TriÁu, Qu£ng Ninh Vietnam * 2008

M7 Mai Son M7 Mai S¡n, S¡n La Vietnam * 2008M7 Ninh Phuoc M7 Ninh Phuoc Vietnam * 2008M7 Uong bi M7 Uông Bí, Qu£ng Ninh Vietnam * 2008Maata-N-Tudu Maata-N-Tudu Association Ghana ** 2008Madfa SACCO Madfa Cooperative Savings and Credit Society Uganda ** 2008MADRAC Afghanistan ** 2008

FAF-DC The First Albanian Financial Developme Albania ** 2008Mahasemam Mahasemam India ** 2008Mahashakti Mahashakti Foundation India ** 2008

Mahila Mahila Women Cooperative Society Ltd Nepal ** 2008Mahuli Mahuli Samudyik Bikas Kendra Nepal ** 2008Makhzoumi Makhzoumi Foundation Lebanon ** 2008Mallig Plains RB Mallig Plains Rural Bank (Isabela), Inc. Philippines ** 2008Manuela Ramos Movimiento Manuela Ramos Peru ** 2008Manushi Manushi Nepal ** 2008Maqsadi dasgiri MLF Maqsadi dasgiri Tajikistan * 2008Marang Marang Financial Services Ltd South Africa ** 2008

Maritsa Invest Rural Credit Cooperative 'Maritsa Invest' Bulgaria * 2008Maxima Maxima Cambodia *** 2008Mbinga CB Mbinga Community Bank Tanzania ** 2008MBK Ventura PT Mitra Bisnis Keluarga Ventura (formerly Ganesha) Indonesia *** 2008MC² Réseau MC² Cameroon * 2008MCL Molyn Credit Limited Kenya ** 2008MCN Micro Crédit National Haiti * 2008MCO 'Oral' MCO 'Oral' Kazakhstan * 2008MDF Micro Development Fund Serbia ** 2008MEC AFER Senegal ** 2008

M7 Can Loc M7 Can Loc (or Pro-poor Center - PPC Ha Tinh)

Microfinance Agency for Development and Rehabilitation of Afghan Communities

Mutuelle d'Epargne et de Crédit de l'Association Femmes Entreprises Rurales du Nord

Page 37: 2008 MFI Benchmarks

Participating Institutions

ACRONYM NAME COUNTRY Year:DATA QUALITYMEC FEPRODES Senegal ** 2008

MECBAS Senegal * 2008

MECREF Mutuelle d'Epargne et de Crédit des Femmes Niger * 2008MEDF Mindanao Enterprise Development Foundation Philippines ** 2008MED-Net Micro Enterprise Development Network Uganda ** 2008Meklit Meklit Ethiopia ** 2008MEMCO Middle East Microcredit Company Jordan ** 2008MFI Microcredit Foundation of India India ** 2008MFW Microfund for Women Jordan ** 2008

MGBB Madhyamanchal Grameen Bikas Bank Ltd. Nepal ** 2008MGPCC DEKAWOWO Togo ** 2008

MiBanco MiBanco Banco de la Microempresa SA Peru *** 2008MiBanco Venezuela MiBanco Banco de Desarrollo, CA Venezuela ** 2008MI-BOSPO MI-BOSPO Tuzla Bosnia and Herzegovina *** 2008Micro Africa Micro Africa Limited Kenya ** 2008Micro Start Micro Start Burkina Faso ** 2008MicroCred - MDG MicroCred Madagascar Madagascar ** 2008MicroCred - MEX MicroCred Mexico SAPI de CV SOFOM ENR Mexico ** 2008

MicroCred - SEN MicroCred Senegal Senegal * 2008Micredito SAC Micredito SAC Peru ** 2008Coop MEDA Colombia *** 2008

Microfinanciera Prisma Micro Financiera Prisma de Honduras, S.A. Honduras ** 2008Microinvest JV MFO Microinvest LLC Moldova ** 2008Microserfin Soluciones de Microfinanzas S.A. Panama ** 2008Microsol Fundación Microsol Paraguay ** 2008MIDE MICROCREDITO PARA EL DESARROLLO Peru ** 2008MIKRA MIKRA Bosnia and Herzegovina ** 2008

Mikro ALDI Mikro ALDI Bosnia and Herzegovina ** 2008Mikrofond Mikrofond Bulgaria ** 2008Mikrokredit Bank Mikrokredit Bank of Uzbekistan Uzbekistan ** 2008MikroMaliyye Credit MikroMaliyye Credit Institution Azerbaijan * 2008Mimo Finance Mimo Finance India ** 2008Miselini Miselini Mali * 2008Miziya Rural Credit Cooperative 'Miziya' Bulgaria * 2008MLF Chiluchor chashma MLF Chiluchor chashma Tajikistan * 2008MLF Kiropol Microloan Fund Kiropol Tajikistan * 2008MLF Madina Microloan Fund Madina Tajikistan * 2008

MLF MicroInvest MLF MicroInvest Tajikistan ** 2008MLF MWI Microloan Foundation Malawi Malawi ** 2008MLF Vahsh Microfin Microloan Fund Vahsh Microfin Tajikistan * 2008MLO HUMO Microloan Organization 'HUMO and Partners' Tajikistan *** 2008MLO 'Saodat Invest' Microloan Organization 'Saodat Invest' Tajikistan * 2008MAMIDECOT Masaka Microfinance Development Cooperative Trust Ltd. Uganda ** 2008

MMS Yayasan Mitra Masyarakat Sejahtera Indonesia * 2008MoFAD Micro Finance Agency for Development (CARE) Afghanistan * 2008Mol Bulak Finance MCC Mol-Bulak Kyrgyzstan *** 2008

MEC Fédération des groupements et associations des femmes productrices de la région de Saint-Louis

Mutuelle d'Epargne et de Crédit du Bassin Arachidier et de la Zone Sylvo Pastorale

Mutuelle des Groupements de Producteurs de Café et Cacao

Cooperativa de Ahorro y Crédito MICROEMPRESAS DE ANTIOQUIA AC

Page 38: 2008 MFI Benchmarks

Participating Institutions

ACRONYM NAME COUNTRY Year:DATA QUALITYMoldir MCO Moldir Kazakhstan ** 2008

Momina Voda Rural Credit Cooperative 'Momina Voda' Bulgaria * 2008Moris Rasik Moris Rasik East Timor ** 2008Moznosti Savings House Moznosti LLC Skopje Macedonia ** 2008MPGBB Madhya Pashimanchal Grameen Bikash Bank Nepal * 2008MUDE Asociación de Mujeres Desarrollo Guatemala * 2008MUL Micro Uganda Ltd Uganda ** 2008MUSCCO Malawi Union of Savings and Credit Cooperatives Malawi ** 2008Mutuelle Akwaba Mutuelle Akwaba Togo ** 2008Nachala Nachala Cooperative Bulgaria ** 2008Nadejda CCCC 'Nadejda' Russia * 2008Nadejda 96 Rural credit cooperative 'Nadejda 96' Bulgaria * 2008Narodniy Kredit_Kemerov Narodniy Kredit_Kemerov Russia * 2008NBJK Nav Bharat Jagriti Kendra India * 2008

NCS Nirantara Community Services India ** 2008NEED Network of Entrepreneurship and Economic Development India ** 2008

Neftegaz Neftegaz Russia * 2008NeRuDO Nepal Rural Development Organization Nepal ** 2008NESDO National Educational & Social Development Organization Nepal * 2008

New RB of Victorias New Rural Bank of Victorias Inc. Philippines ** 2008Nidan Nidan India ** 2008

Nirdhan Nirdhan Utthan Bank Ltd. Nepal ** 2008

NMF National Microfinance Foundation Yemen ** 2008NMFB Network Microfinance Bank Limited Pakistan ** 2008

Normicro Norwegian Microcredit LLC Azerbaijan ** 2008Nov Credit Microloan Fund Nov Credit Tajikistan * 2008NovoBanco - MOZ NovoBanco Mozambique Mozambique ** 2008NRDSC Nepal Rural Development Society Centre Nepal * 2008NSBA North Sinai Businessmen Association Egypt * 2008Nwabiagya RB Nwabiagya Rural Bank Ghana ** 2008NWTF Negros Women for Tomorrow Foundation, Inc. Philippines ** 2008Nyesigiso Nyesigiso Mali ** 2008

NYWDA Ningxia Yanchi Women's Development Association * 2008

Obereg (Vladivostok) Obereg (Vladivostok) Russia * 2008OBM Opportunity Bank Montenegro Montenegro ** 2008OBS Opportunity Bank Serbia Serbia ** 2008OCSSCO Oromia Credit and Saving Share Company Ethiopia * 2008ODEF Financiera Honduras ** 2008

Faulu - TZA Faulu Tanzania Limited Tanzania ** 2008

OI China Opportunity International China * 2008

OIBM Opportunity International Bank of Malawi Malawi ** 2008OISL Opportunity International Savings and Loans - Ghana Ghana ** 2008OLC Oportunidad Latinoamerica Colombia (OLC) Colombia * 2008OMB Opportunity Microfinance Bank Inc. Philippines * 2008OMRO Opportunity Microfinance Romania Romania ** 2008Oportunidad Microfinanzas Oportunidad Microfinanzas Mexico ** 2008

China, People's Republic of

Organización de Desarollo Empresarial Femenino Financiera S.A.

China, People's Republic of

Page 39: 2008 MFI Benchmarks

Participating Institutions

ACRONYM NAME COUNTRY Year:DATA QUALITYOpportunity Albania Opportunity Albania (formerly PSHM) Albania ** 2008

Opportunity Finance Opportunity Finance South Africa ** 2008Opportunity Kenya Opportunity Kenya Ltd Kenya ** 2008Otiv Alaotra Otiv Alaotra Madagascar ** 2008Otiv Diana Otiv Diana Madagascar ** 2008Otiv Sambava Otiv Sambava Madagascar * 2008Otiv Tana Otiv Tana Madagascar * 2008Otuasekan RB Otuasekan RB Ghana ** 2008OXUS - AFG OXUS Afghanistan Afghanistan ** 2008

OXUS - KGS OXUS Kyrgyzstan Kyrgyzstan ** 2008OXUS - TJK Micro-Lending Fund 'OXUS' Tajikistan ** 2008PADME Benin * 2008

PAIDEK PAIDEK ** 2008

PALFSI People's Alternative Livelihood Foundation of Sorsogon, Inc. Philippines ** 2008

PAMECAS Senegal ** 2008

PAPME Benin ** 2008

Parabank Parabank Azerbaijan ** 2008

PARC Palestinian Agricultural Relief Committees Palestine * 2008Partner Partner Bosnia and Herzegovina ** 2008Partner Russia Partner Russia Russia * 2008Parwaz Parwaz MicroFinance Institution Afghanistan * 2008PASECA - Kayes Mali * 2008

PASED Port Sudan Association for Small Enterprise Development Sudan ** 2008

PATRA Hunchun PATRA Hunchun * 2008

PATRA Yanbian PATRA Yanbian * 2008

PAWDEP PAMOJAWOMEN DEVELOPMENT PROGRAMME Kenya ** 2008PBC People's Bank of Caraga (RB of Talacogon) Philippines ** 2008PCWDA Pu Cheng Women's Development Organization ** 2008

PEACE Poverty Eradication & Community Empowerment Ethiopia ** 2008Perelik Rural Credit Cooperative 'Perelik' Bulgaria * 2008PGBB Western Region Grameen Bikas Bank Nepal ** 2008Plan International Plan International Vietnam Vietnam * 2008PNG Microfinance Ltd PNG Microfinance Limited Papua New Guinea ** 2008POMFB Pak-Oman Microfinance Bank Pakistan ** 2008

Pomoriiski stopanin Rural Credit Cooperative 'Pomoriiski stopanin' Bulgaria * 2008Popular Kasa-Kystendil Popular Kasa-Kystendil Bulgaria * 2008Popular SAFI Peru ** 2008

Povoljye CCCC 'Povoljye' Russia * 2008PR Bank Philippine Rural Banking Corp. Philippines * 2008PRASAC PRASAC MFI Ltd Cambodia ** 2008PRESTANIC Nicaragua ** 2008

Association pour la Promotion et l' Appui au Développement de MicroEntreprises

Congo, Democratic Republic of the

Programme d'Appui aux Mutuelles d'Épargne et de Crédit au Sénégal

Agence pour la Promotion et l'Appui aux Petites et Moyennes Entreprises

Programme d'Appui à la mise en place d'un Système d'Epargne et de Crédit Autogéré - Kayes

China, People's Republic of

China, People's Republic of

China, People's Republic of

Popular S.A - Sociedad Administradora de Fondos de Inversión

Asociación Fondo Nicaraguense para el Desarrollo Comunitario

Page 40: 2008 MFI Benchmarks

Participating Institutions

ACRONYM NAME COUNTRY Year:DATA QUALITYPRIDE - TZA PRIDE Tanzania Tanzania ** 2008

Pride Finance PRIDE Finance Guinea * 2008PRISMA Asociación Benefica Prisma Peru *** 2008PRIZMA PRIZMA Bosnia and Herzegovina ** 2008ProCaja Asociación para el Desarrollo de las Cajas Rurales Panama ** 2008ProCredit - BOL Banco Los Andes ProCredit Bolivia ** 2008ProCredit - COL Banco ProCredit Colombia SA Colombia ** 2008ProCredit - ECU Ecuador ** 2008

ProCredit - GHA ProCredit SLC Ghana Ghana ** 2008ProCredit - HND Banco ProCredit Honduras Honduras ** 2008

ProCredit - MDA ProCredit Moldova - formerly MEC Moldova ** 2008ProCredit - NIC Banco ProCredit Nicaragua Nicaragua *** 2008ProCredit - SLV Banco ProCredit El Salvador El Salvador *** 2008ProCredit Bank - ALB ProCredit Bank Albania - formerly FEFAD Bank Albania ** 2008ProCredit Bank - BGR ProCredit Bank Bulgaria Bulgaria ** 2008ProCredit Bank - BIH ProCredit Bank Bosnia and Herzegovina Bosnia and Herzegovina ** 2008

ProCredit Bank - GEO ProCredit Bank Georgia - formerly MBG Georgia ** 2008ProCredit Bank - KOS ProCredit Bank Kosovo - formerly MEB Kosovo ** 2008

ProCredit Bank - MDA ProCredit Bank - MDA Moldova * 2008ProCredit Bank - MKD ProCredit Bank Macedonia Macedonia ** 2008ProCredit Bank - ROM ProCredit Bank Romania - formerly Miro Bank Romania ** 2008ProCredit Bank - SLE ProCredit Bank Sierra Leone Sierra Leone ** 2008ProCredit Bank - UKR ProCredit Bank Ukraine - formerly Microfinance Bank Ukraine ** 2008ProCredit Bank- DRC ProCredit Bank Congo ** 2008

ProCredit Bank Serbia ProCredit Bank Serbia - formerly MFB Serbia ** 2008PRODEM FFP Fondo Financiero Privado PRODEM Bolivia ** 2008PRODESA Fundacion Para La Promocion y el Desarrollo Nicaragua ** 2008

Progresar Fundación Progresar Argentina * 2008Progresemos Financiamiento Progresemos S.A. de C.V. SOFOM ENR Mexico ** 2008

Progressive Bank Progressive Bank, Inc. Philippines ** 2008Pro Mujer - ARG ProMujer - ARG Argentina ** 2008Pro Mujer - BOL Programas para la Mujer - Bolivia Bolivia ** 2008Pro Mujer - MEX Asociación Pro Mujer de Mexico A.C. Mexico ** 2008Pro Mujer - NIC Programas para la Mujer - Nicaragua Nicaragua ** 2008Pro Mujer - PER Programas para la Mujer - Peru Peru ** 2008Pushtikar Pustikar Laghu VPBSSS Ltd India * 2008

PWMACS India ** 2008

RADE Regional Association to Develop Enterprise in Sohag Egypt * 2008Raduga Raduga Russia * 2008RAFODE Rural Agency for Development Kenya ** 2008RASS Rashtriya Seva Samithi India ** 2008RB Bagac Rural Bank of Bagac Philippines * 2008RB Cainta Rural Bank of Cainta Philippines ** 2008RB Camalig Rural Bank of Camalig (Albay), Inc. Philippines ** 2008RB Cotabato Rural Bank of Cotabato, Inc. Philippines ** 2008

RB Digos Rural Bank of Digos Inc. Philippines ** 2008RB Dipolog Rural Bank of Dipolog Philippines *** 2008

Banco ProCredit S.A. (Ex Sociedad Financiera Ecuatorial S.A. SFE)

Congo, Democratic Republic of the

Payakaraopeta Women's Mutually Aided Co-operative Thrift and Credit Society

Page 41: 2008 MFI Benchmarks

Participating Institutions

ACRONYM NAME COUNTRY Year:DATA QUALITYRB Guinobatan Rural Bank of Guinobatan, Inc. Philippines ** 2008

RB Lebak Rural Bank of Lebak (Sultan Kudarat), Inc. Philippines ** 2008RB Liloy Rural Bank of Liloy, Inc. Philippines ** 2008RB Mabitac Rural Bank of Mabitac Inc. Philippines ** 2008RB Montevista Rural Bank of Montevista Philippines ** 2008RB Oroquieta Rural Bank of Oroquieta (Miss. Occ.), Inc. Philippines ** 2008RB Pagbilao Rural Bank of Pagbilao, Inc. Philippines ** 2008RB Placer Rural Bank of Placer Philippines * 2008RB San Jacinto Rural Bank of San Jacinto, Inc. Philippines ** 2008

RB Siargao Rural Bank of Siargao Philippines ** 2008RB Solano Rural Bank of Solano Inc. Philippines ** 2008RB Talisayan Rural Bank of Talisayan - Misamis Oriental Inc. Philippines ** 2008

RCCECG Guinea ** 2008

RCDS RCDS Pakistan ** 2008RCPB Réseau des caisses populaires du Burkina Faso Burkina Faso ** 2008Real Microcrédito Real Microcrédito Assessoria Financeira S.A. Brazil ** 2008Red de Vanguardia Red de Vanguardia, S.A. DE C.V. Mexico * 2008REDFunds REDFunds Africa Uganda ** 2008

Reef Reef Finance Co. Palestine ** 2008Reliance Reliance Financial Services Company Limited Gambia, The ** 2008Reserv-Altay Consumer Credit Cooperative 'Reserv-Altay' Russia * 2008

Rezerv CCC "Rezerv" Russia * 2008RGVN Rashtriya Gramin Vikas Nidhi India ** 2008Rishenglong Rishenglong MicroCredit Company China, People's Republic of * 2008Riverbank Riverbank Credit SACCO Limited Kenya * 2008RML Rwanda Microfinance Limited Rwanda ** 2008ROMCOM ROMCOM Romania *** 2008Rost Consumer Credit Cooperative 'Rost' Russia * 2008RSPI Rangtay Sa Pagrangay Inc Philippines * 2008

Rus CCC 'Rus' Russia * 2008WMN (Russia) ZAO NDCO Women's Microfinance Network Russia *** 2008Ryada Ryada - CHF International Palestine ** 2008São Paulo Confia Crédito Popular Solidário - São Paulo Confia Brazil ** 2008Saadhana Saadhana Microfin India ** 2008Sabaragamuwa Sabaragamuwa Development Bank Sri Lanka * 2008SABR SABR Uzbekistan * 2008Saglasie 96 Rural credit cooperative 'Saglasie 96' Bulgaria * 2008Sahara Mahila Sahara Mahila Saving & Credit Cooperative Society Ltd Nepal * 2008Sajida Sajida Foundation Bangladesh * 2008

Samasta Samasta Microfinance Ltd India * 2008Samokov 96 Rural Credit Cooperative 'Samokov 96' Bulgaria * 2008Sanghamithra Sanghamitra Rural Financial Service India * 2008Sarala Sarala Women Welfare Society India ** 2008Sartawi Fundación SARTAWI Bolivia ** 2008Sarvodaya Nano Finance Sarvodaya Nano Finance Limited India * 2008SAT Sinapi Aba Trust Ghana ** 2008Sathapana Limited Sathapana Limited (formerly CEB) Cambodia ** 2008

SB Bank Swabalamban Bikas Bank Ltd. Nepal ** 2008

Réseau des Caisses Communautaires de Crédit et d'Epargne de Guinée

Page 42: 2008 MFI Benchmarks

Participating Institutions

ACRONYM NAME COUNTRY Year:DATA QUALITYSBACD Egypt ** 2008

SBS Union of Bank Workers Russia * 2008SCDA Egypt * 2008

SCNL Satin Creditcare Network Limited India ** 2008SDBL Sanasa Development Bank Ltd Sri Lanka ** 2008SEAP Self-Reliance Economic Advancement Programme Nigeria ** 2008SED Small Enterprise Development (SED) Company Ltd. Thailand ** 2008SEDA Small Enterprise Development Agency Tanzania *** 2008SEEDS Sarvodaya Economic Enterprise Development Services Sri Lanka * 2008

SEF-ARM SEF International Universal Credit Organization - Armenia Armenia ** 2008

SEF-ZAF Small Enterprise Foundation (South Africa) South Africa * 2008Seilanithih Seilanithih Cambodia ** 2008SEM Fund Sénégal Ecovillage Microfinance Senegal * 2008SemiSol Semilla Solidaria, S.A. de C.V. Mexico * 2008Serviamus Serviamus Foundation Philippines ** 2008SEWA Bank Shri Mahila Sewa Sahakari Bank Ltd India ** 2008

SEWA Finance SEWA Finance Sri Lanka * 2008SFF Sevis Finansye Fonkoze Haiti * 2008SFPI Specialized Financial and Promotional Institution Ethiopia ** 2008

SFSD Social Foundation for Sustainable Development Yemen * 2008Shakti Shakti Foundation for Disadvanatged Women Bangladesh ** 2008SHARE SHARE Microfin Ltd. India ** 2008Siam Bank Siam Bank Philippines ** 2008SINERGIJA SINERGIJAplus Bosnia and Herzegovina ** 2008SIPEM Madagascar ** 2008

SKDRDP Shri Kshetra Dharmasthala Rural Development Project India ** 2008SKS SKS Microfinance Private Limited India ** 2008SMEP Small and Micro Enterprise Project Kenya ** 2008

SMILE SMILE India * 2008Smilyan Rural Credit Cooperative 'Smilyan' Bulgaria * 2008SMSS Star MicroFin Service Society, formerly SYA India ** 2008SOCIALCRED Brazil ** 2008

PADECOMSM Sociedad Cooperativa PADECOMSM Credito de RL de CV El Salvador ** 2008

SOCRED Brazil * 2008

Sodeystviye Consumer Credit Cooperative of Citizens 'Sodeystviye' Russia * 2008Sodeystviye-2005 Consumer Credit Cooperative of Citizens 'Sodeystviye-2005' Russia * 2008

Sodruzhestvo Sodruzhestvo Russia ** 2008SOFINA SOFINA Cameroon ** 2008SOGESOL Société Générale Haitïenne de Solidarité Haiti * 2008Soglasiye Soglasiye Russia * 2008SolFi Soluciones Financieras S.C. Mexico * 2008Solidarnost Solidarnost Bulgaria * 2008

Sharkia Businessmen's Association for Community Development

Sohag Community Development and Children with Special Needs Association

Société d'Investissement pour la Promotion des Entreprises à Madagascar

SOCIALCRED - Sociedade de Crédito ao Microempreendedor S/A

SOCRED S/A - Sociedade de Crédito ao Microempreededor Ltda.

Page 43: 2008 MFI Benchmarks

Participating Institutions

ACRONYM NAME COUNTRY Year:DATA QUALITYSolución Asea Solución Asea S.A. de C.V. Sociedad Financiera Popular Mexico * 2008

Soluciones Reales Soluciones Reales del Norte, SA DE CV Mexico * 2008Sonata Sonata Finance Private Ltd India * 2008Soro Yiriwaso Soro Yiriwaso Mali * 2008South Akim RB South Akim RB Ghana ** 2008Soyuz-Khimik Soyuz-Khimik Russia * 2008SoyuzKredit SoyuzKredit Russia * 2008

Soyuz-Primoroye Soyuz-Primoroye Russia * 2008Spandana Spandana Sphoorty Innovative Financial Services Ltd. India ** 2008SPBD South Pacific Business Development Samoa ** 2008

SPGBB Sudur Pashimanchal Grameen Bikash Bank Nepal * 2008SSK Sakhi Samudaya Kosh India * 2008SSS Society for Social Services Bangladesh * 2008Stanichnik Consumer Credit Cooperative of Citizens Stanichnik Russia * 2008Stopanin Credit Cooperative 'Stopanin' Bulgaria * 2008SU Sahara Uttarayan India ** 2008Sugd Microfin Microloan Fund Sugd Microfin Tajikistan * 2008SUMI SUMI Sudan * 2008

Sungi Sungi Development Foundation Pakistan * 2008Sunrise Microcredit Foundation Sunrise Bosnia and Herzegovina ** 2008Mentors - PER Mentors Peru - Enterprise Mentors International Peru ** 2008

SFPL Swadhaar FinServe Pvt. Ltd. India ** 2008SWAWS Sharada's Womes's Association for Weaker Section India ** 2008Tamweelcom Tamweelcom, formerly JMCC Jordan ** 2008Tchuma Tchuma Cooperativa de Crédito e Poupança Mozambique ** 2008Te Creemos Te Creemos, S.A. de C.V. SFP Mexico *** 2008TFS Transcapital Financial Services Co. Ltd Mongolia ** 2008TIAVO TIAVO Madagascar * 2008TLM Tanaoba Lais Manekat Indonesia * 2008

TMFB Tameer Microfinance Bank Pakistan ** 2008TPC THANEAKEA PHUM (CAMBODIA) LTD. Cambodia ** 2008Trident Microfinance Annapurna Financial Services Private Limited India ** 2008Tsaritsinskiy passaj Tsaritsinskiy passaj Russia * 2008Tsimlyansk Tsimlyansk Credit Cooperative Russia * 2008TSKI Taytay Sa Kauswagan Inc. Philippines * 2008Tujijenge Tujijenge Tanzania Tanzania * 2008Turame Community Finance Turame Community Finance Burundi ** 2008Tverskoy Tverskoy Russia * 2008TYM TYM FUND Vietnam *** 2008

UCADE Ambato Ecuador ** 2008

UCADE Guaranda Ecuador ** 2008

UCADE Latacunga Ecuador ** 2008

UCADE Santo Domingo Ecuador ** 2008

UCCEC GY Mali * 2008

Proyecto de Salud y Crédito Comunitario de la Diocesis de Ambato - UCADE - CRS

Fundación Promoción Humana Diocesana de Guaranda - UCADE - CRS

Proyecto Salud y Crédito Comunitario Diocesis de Latacunga - UCADE - CRS

FUNDACIÓN ACCIÓN SOCIAL CARITAS FASCA PROMUJER SOLIDARIA - DIOCESIS DE SANTO DOMINGO - UCADE - CRS

Union des Caisses Communautaires d'Epargne et de Crédit de Guimballa - Youwarou

Page 44: 2008 MFI Benchmarks

Participating Institutions

ACRONYM NAME COUNTRY Year:DATA QUALITYUCEC/MK Union des Clubs d'Epargne et de Crédit du Mayo-Kebbi Chad ** 2008

U-IMCEC Senegal ** 2008

Ujjivan Ujjivan Financial Services Pvt. Ltd. India *** 2008UMECDES Senegal * 2008

Umid CU Umid Uzbekistan * 2008Umid-Credit Umid-Credit (Umid HSSC) Azerbaijan * 2008UNACOOPEC-CI Cote d'Ivoire (Ivory Coast) * 2008

UNICREICH Union de Crédito Interestatal Chiapas, S.A. de C.V. Mexico ** 2008UNION DES COOPECs UM UNION DES COOPECs UMUTANGUHA Rwanda ** 2008Union RB Union RB Ghana ** 2008

UNRWA UNRWA Microfinance and Microenterprise Department Palestine ** 2008UOB Urwego Opportunity Bank Rwanda ** 2008Upper Manya RB Upper Manya Kro Rural Bank Limited Ghana ** 2008USFSBS Udmurt State Fund for Small Business Support Russia * 2008USTOI USTOI Bulgaria ** 2008Finance Trust Uganda ** 2008

Valiant RB Valiant Rural Bank (Iloilo City) Inc. Philippines ** 2008VBSP Vietnam Bank for Social Policies Vietnam ** 2008VFC VisionFund Cambodia Ltd. - formerly MED program Cambodia ** 2008

VFM Vision Fund Mongolia Mongolia ** 2008VFS Village Financial Services Private Ltd. India ** 2008Viator Viator Microcredit Azerbaijan LLC Azerbaijan ** 2008Visión Banco Visión Banco S.A.E.C.A. Paraguay *** 2008Vital Finance Vital Finance Benin ** 2008Vivir Soluciones Mexico * 2008

Vostok Kapital Citizens' Credit Consumer Cooperative 'Vostok Kapital' Russia * 2008VRFSBS Voronezh Regional Fund for Small Business Support Russia * 2008VSSU Vivekananda Sevakendra-o- Sishu Uddyan India * 2008

VYCCU VYCCU Savings and Credit Cooperative Society Ltd. Nepal ** 2008WAGES Women and Associations for Gain both Economic and Social Togo ** 2008

Wasasa Wasasa Ethiopia ** 2008Nationwide Microbank Nationwide Microbank Ltd, (formerly Wau Microbank) Papua New Guinea ** 2008WDB Wayamba Development Bank Sri Lanka * 2008Wisdom Wisdom Ethiopia ** 2008

WISE WISE Burundi * 2008WKP Wahana Kria Putri Indonesia * 2008WOCCU - AFG WOCCU Afghanistan Afghanistan * 2008

Women for Women MCO Women for Women International Bosnia and Herzegovina ** 2008World Relief - HND World Relief Honduras Honduras ** 2008WSE Welfare Services Ernakulam India * 2008WWB Cali Women's World Banking - Cali Colombia ** 2008WWI - AFG Women for Women - Afghanistan Afghanistan * 2008XacBank XacBank Mongolia ** 2008XXWDA XI Xiang Women's Development Association China, People's Republic of ** 2008YYWDA Yu Yang Women's Development Association China, People's Republic of ** 2008

Union des Institutions Mutualiste Communautaire d'Epargne et de Credit DAKAR

Union des Mutuelles d'Epargne et de Crédit pour l'Entreprenariat au Sénégal

Union Nationale des Coopératives dEpargne et de Crédit de �Côte dIvoire�

Uganda Finance Trust Limited - formerly Uganda Women's Finance Trust

Vivir Soluciones Financieras, SA de CV, SOFOM ER, BanRegio Grupo Financiero

Page 45: 2008 MFI Benchmarks

Participating Institutions

ACRONYM NAME COUNTRY Year:DATA QUALITYZakoura Fondation Zakoura Morocco ** 2008

Page 46: 2008 MFI Benchmarks

DATA QUALITY †PEER GROUP N * ** ***

SIMPLE PEER GROUPSAge: New (0 to 4 Years) 191 84 95 12

Age: Young (5 to 8 Years) 203 62 127 14

Age: Mature ( > 8 Years) 657 191 391 75

1st MCC, ACB sa, ACFB, ACLEDA Lao, Aden, Agrocredit Plus, Al Rafah Bank, Alliance Group, Alliance MFB, Alternativa 19 del Sur, Al-Thiqa, Alwatani, AMfB, AMFI, Amlok, ANDE, Apoyo Económico, AREGAK UCO, Arnur Credit, Arohan, ASA - GHA, ASA Philippines, ASUSU CIIGABA, Avantaj, Bancamía, Banco Amigo, Rede Novo Sol, Banco Popular do Brasil, Bereke-credit, Berendina Microfinance, BJS, Blago, BMT Kayu Manis, BOM, Borshud, BPR BKK Cilacap, BRAC - LKA, BRAC - SS, BRAC - TZA, BRAC - UGA, BRCCC, CAFODEC, CAURIE Micro Finance, CEDEF, Chamroeun, COAC Chone, COAC Fernando Daquilema, COAC Padre Vicente, Columbia Microcreditos, Common Interest, COOPAC Norandino, COOPEC Hinfani Dosso, CRAC Nuestra Gente, Crece Safsa, CrediClub, CrediComún, Créditos Pronegocio, CREDITUYO, Cresol Central, Crezcamos, DAYAQ-Credit, Dirigible, Don Apoyo, DQF, Duterimbere, Ehyoi kuhiston, Elet-Capital, Equitas,

Farm Credit Armenia, FinAgro, FINCA - JOR, FINORTE, FMF, FNT Credit, FONDESOL, Forjadores de Negocios, Galaktika, Garant-Invest, GCM, GGEM Microfinance Services Ltd., GOF, Grupo Río La Venta, Harbu, HiH, IMFB, Imodi Hutal, Impuls, Instituto Estrela, Invest Credit, Invest-Credit Moldova, Invirtiendo, IPR, Izdiharona Microfinance, Kashf Bank, KBank, Kemek, Kompanion, KVK-Altay, LAPO-SLE, Letta, LSK, MADRAC, Mahashakti, Maqsadi dasgiri, MCL, MCO 'Oral', MiBanco Venezuela, MicroCred - MDG, MicroCred - MEX, MicroCred - SEN, Micredito SAC, Microfinanciera Prisma, Mikrokredit Bank, MikroMaliyye Credit, Mimo Finance, MLF Kiropol, MLF Madina, MLF Vahsh Microfin, MLO HUMO, MLO 'Saodat Invest', MoFAD, Mol Bulak Finance, Nadejda, NCS, NEED, Neftegaz, NMFB, Nov Credit, Obereg (Vladivostok), OI China, OISL, Opportunity Finance, Opportunity Kenya, OXUS - AFG, OXUS - KGS, Partner Russia, PAWDEP, PNG Microfinance Ltd, POMFB, Popular SAFI, Povoljye,

ProCredit - COL, ProCredit - HND, ProCredit Bank - MDA, ProCredit Bank - SLE, ProCredit Bank- DRC, Progresemos, Pro Mujer - ARG, RAFODE, RCCECG, Red de Vanguardia, REDFunds, Reef, Reliance, Rezerv, Rishenglong, Riverbank, RML, Rus, WMN (Russia), Samasta, Sarala, SEM Fund, SemiSol, SEWA Finance, SFF, SFSD, SOCRED, Sodeystviye-2005, Soluciones Reales, Sonata, SoyuzKredit, Sugd Microfin, Mentors - PER, SFPL, Te Creemos, TMFB, Trident Microfinance, Tsimlyansk, Tujijenge, Turame Community Finance, UCCEC GY, Ujjivan, UMECDES, UNION DES COOPECs UMUTANGUHA, VFM, Vivir Soluciones, Vostok Kapital, WISE, WOCCU - AFG, WWI - AFG

ABCRDM, ABWA, Abyan, Abzal Kredit, AccessBank, ADCSI, Adhikar, AFS, Agência do Crédito, Aqrarkredit, Agroinvestbank, A-invest, Akuapem RB, Al Awael, Alternativa Microfinanzas, AMC de R.L., AMEXTRA, AML, AMOS, APED, APROS, Aqroinvest, ARDI, ARMP, Asasah, Asociación El Balsamo, ASP Financiera, ASR, ASTI, ATEMEXPA, Atwima Kwanwoma, Azal, Azeri Star, Bai Tushum, Banco do Vale, BANCRI, Bandhan, BAYOCA, Bereke, BFSBS, Binhminh CDC, BMT Pringsewu, BRAC - AFG, BZMF, CACMU, Capitec Bank, Casa do Microcrédito, CBB, CBIRD, CDM, CEP Long An, CEVI, CFA, CFE, CHF Iraq, Childfund Hoa Binh, CMFinance, COAC Acción Rural, COAC Ambato, COAC Fondvida, COAC Kullki Wasi, COAC Luz del Valle, COAC Santa Anita, COCDEP, Comultrasan, COOPAC Los Andes, COSPEC, CredAgro NBCO, CREDIT, Credit Mongol, CRYSOL, CU Pantai Prigi, CUMO, CZWSDA, DD Bank, Doveriye - Volgograd, ECLOF - ARM, ECLOF - PHL, Edinstvo-Volgograd, EDPYME Acceso Crediticio, EDPYME Alternativa, EDPYME Credivisión, EDPYME Efectiva, EDPYME Pro Negocios,

Eshet, Crezkamos Kapital, Fácil SCM, FIDEVIE, FIE Gran Poder, FinAmigo, FINCA - AFG, FINCA - DRC, FINCA - KOS, FINCA - TJK, FINCA - ZMB, FinDev, FISUR, FMFB - AFG, FMFB - Pakistan, FMFB - TJK, FMFI-SYR, FODEM, FORWARD, Fundación Alternativa, FUNDAHMICRO, FUNDESER, FVP, Grameen Mendoza, Hekima, Hluvuku, Hofokam, Hope for Life, Horizon, Horizonti, ICC Conquista Solidária, ICC MAUCE, IDDA, Indur MACS, Jabal Al Hoss, Joldosh Group, JOVID, KADET, Kakum RB, Kasagana-Ka, Kazama Grameen, KCCDFI, Khushhali Bank, Komak Credit, KosInvest, Kredo, KRK Ltd, Lak Jaya, Lazika Capital, Lead Foundation, LIDER, Life Bank, M7 Ninh Phuoc, Manushi, Marang, Maxima, Mbinga CB, MBK Ventura, MDF, MECBAS, Meklit, MFI, MGPCC DEKAWOWO, Micro Africa, Micro Start, Microinvest, MLF MicroInvest, MLF MWI, Moldir, Moris Rasik, MUL,

Narodniy Kredit_Kemerov, NMF, NovoBanco - MOZ, OBS, Faulu - TZA, OIBM, OMB, OMRO, Oportunidad Microfinanzas, Otiv Diana, Parwaz, PASED, PATRA Hunchun, PATRA Yanbian, Plan International, ProCredit - ECU, ProCredit - GHA, ProCredit - NIC, ProCredit Bank - BGR, ProCredit Bank - MKD, ProCredit Bank - ROM, ProCredit Bank - UKR, ProCredit Bank Serbia, Progresar, Pro Mujer - MEX, Real Microcrédito, Reserv-Altay, São Paulo Confia, Saadhana, SB Bank, SOCIALCRED, Sodruzhestvo, SOGESOL, SolFi, Solución Asea, Soyuz-Khimik, Soyuz-Primoroye, SPBD, SU, SUMI, TFS, Tsaritsinskiy passaj, U-IMCEC, Umid, Umid-Credit, VFC, VRFSBS, Wasasa

1st Valley Bank, 3A Entreprises, A3C, ABA, ABS-CBN, ACAD, ACBA, ACCOVI, ACEP Cameroon, ACEP Senegal, ACF, ACLEDA, ACME, ACORDE, ACSI, Actuar Caldas, Actuar Tolima, ADICH, ADIM, ADOPEM, ADRA - PER, ADRI, Aetos, AFK, AFODENIC, AGAPE, AgroCapital, Agroimpuls, AgroInvest, AGUDESA, Aiyl Bank, Akiba, Al Amana, Al Karama, Al Majmoua, Al Tadamun, Alidé, ALSOL, Alternativa, Alteya, AMA, AMC, Ameen, AMK, AMMACTS, AMRET, AMSSF/MC, ANED, Apoyo Integral, ARD, ARDCI, ASA, ASALA, ASBA, ASC Union, ASDIR, ASEI, ASHI, ASIDME, ASKI, Asociación Arariwa, Asociación Raíz, ASODENIC, ASOPROSANRAMON, ASPIRE, Avanzar, AWS, AYNLA, Azercredit, Azerdemiryolbank, Banco ADEMI, Banco da Familia, Banco do Empreendedor, Banco do Povo ACP, Banco Familiar, Banco Santiago de Libon, Banco Solidario, BancoEstado, BancoSol, BanCovelo, BANEX, BanGente, Bangko Kabayan, Bangko Mabuhay, Bank Eskhata, Bank of Baku, BASIX, BCB, BCSC, BEES, BESA, Bessfa RB, BFL, BG, BIMAS, BISWA, BMSCCSL, Bonzali RB, BPR AN, BPR AK, BPR Artadamas Mandiri, BPR BBTM, BPR Citama, BPR DMG, BPR Eka Ayu, BPR Eka Usaha, BPR NSI, BPR Pinang Artha, BPR PKT, BPR Sukawati Pancakanti, BPR Surya Yudha Kencana, BPR Taman Dhana, BRAC, BSS, BTA Bank, BURO Bangladesh, BWDC, CAFASA, Caja Depac Poblana, Caja Popular Mexicana, CamCCUL, CAME, CCAMETRO, Cantilan Bank, CAPA, CAPPED, CARD Bank, CARD NGO, CARE - CREEME, Caritas, Caritas Esteli, Cashpor MC, CBDIBA/RENACA, CBMO, CCA, CCC, CDRO, CDS, CEADe, CEAPE BA, CEAPE MA, CEAPE PE, CEAPE PI, CECA, CECIC S.A., CEC-PROM Mature, CEF, Centenary Bank, Central Cresol Baser, CEOSS,

CEP, CEP BRVT, CEPESIU, CEPRODEL, CESOL ACJ, CETZAM, CFF, CFPA, Chandeshwori, CHC-Limited, Chita FSBS, CIDRE, CMAC Arequipa, CMAC Cusco, CMAC Del Santa, CMAC Huancayo, CMAC Ica, CMAC Maynas, CMAC Paita, CMAC Pisco, CMAC Piura, CMAC Sullana, CMAC Tacna, CMAC Trujillo, CMCA, CMEDFI, CMMB, CMS, COAC 4 de Octubre, COAC Artesanos, COAC Huaycopungo, COAC Jardín Azuayo, COAC La Benéfica, COAC MCCH, COAC Minga, COAC Mushuc Runa, COAC La Nacional, COAC Pallatanga, COAC Sac Aiet, COAC San Antonio, COAC San Gabriel, COAC San José, COAC Santa Ana, CODESARROLLO, CompartamosBanco, Conserva, Contactar, Coop 20 de Abril, Coop Avances, Coop Fátima, Coop Jesús Nazareno, Coop Juan XXIII, COOPAC Chiquinquira, COOPAC León XIII, COOPAC San Cristóbal, COOPAC San Martín, COOPAC Santa Maria, COOPAC Santo Cristo, COOPAC Santo Domingo, COOPAC Tocache, COOPEC/ACCO, COOPEDU-Kigali, COOPROGRESO, CPECG Yete Mali, CRAC Los Andes, CRAC Profinanzas, CRAC Señor de Luren, CRAC Sipán, CRAN, CRECER, Credi Fé, CrediAmigo, CrediAvance, Credi-Capital, Credicoop, CREDIMUJER, Crediscotia, Credisol, CREDO, CReSA, CRG, Crystal, CSD, CU Kosayu, CU Sawiran, CVECA Kita/Bafoulabé, CVECA Pays Dogon, CVECA SOUM, CWCD, DAMEN, DBACD, DEC, DECSI, DEF, DEPROSC-Nepal, Despacho Amador, Diaconia, Dian Mandiri, DINARI, DJOMEC, DSK Dobrich, D-Miro, Doveriye (Amursk), Doveriye- Bulgaria, Doveriye-Altay, DSPI, ECLOF - ECU, EcoFuturo FFP, EDAPROSPO, Edinstvo Yurga, EDPYME Confianza, EDPYME Crear Arequipa, EDPYME Nueva Visión, EDPYME Proempresa, EDPYME Raíz, EKI, EKPA, Emprender, Enda, ENLACE, Equity Bank, ESAF, ESED, Espacios Alternativos, Express Finance, FACES, FADEMYPE,

Page 47: 2008 MFI Benchmarks

DATA QUALITY †PEER GROUP N * ** ***

Charter Type: Bank (Bank) 82 6 62 14

Charter Type: Credit Union (Credit Union) 182 99 72 11

Charter Type: NBFI (Non - Bank Financial Intermediary) 338 99 192 47

FAFIDESS, FAIR Bank, FAM, FAMA OPDF, FAPE, FASL, Fassil FFP, FATEN, Faulu - KEN, Faulu - UGA, FBPMC, AfricaWorks, FDL, FDM, FECECAM, FED, FFECC, FFSA, FIACG, FICO, FIDERPAC, FIE FFP, FIELCO, FinAmérica, Financiera Edyficar, Financiera Fama, Financiera Independencia, FINCA - ARM, FINCA - AZE, FINCA - ECU, FINCA - GEO, FINCA - GTM, FINCA - HND, FINCA - HTI, FINCA - MEX, FINCA - MWI, FINCA - NIC, FINCA - PER, FINCA - Russia, FINCA - SLV, FINCA - TZA, FINCA - UGA, FinComún, FINCORP, FINSOL, First Macro Bank, Emprenda, FMCC, FMM Bucaramanga, FMM Popayán, FMSD, FODEMI, FOMIC, FONCRESOL, FONDECO, FONDEP, FONDESURCO, Fondo Esperanza, Fonkoze, Fortaleza FFP, FORUS, FOVIDA, FRAC, FUBODE, FUCEC Togo, FUDEMI, FULM, FUNBODEM, Fundación 4i-2000, Fundación Amanecer, Fundación CAMPO, Fundación Esperanza, Fundación Espoir, Fundación León 2000, Fundación MICROS, Fundación Mujer, Fundación Nieborowski, Fundación Paraguaya, FUNDAMIC, FUNDEA, FUNDEBASE, FUNDECOCA, FUNDENUSE, FUNDEPYME, FUNDESPE, Fundusz Mikro, FUNED, FUNHAVI, FUNSALDE, Génesis Empresarial, Gasha, GAWFA, GBNB, General Toshevo, GFSPL, GM Bank,

Gorodskoy, GRAINE sarl, Grameen Bank, Green Bank, GU, GV, HEED, HDH OPDF, HKL, HOPE, HSPFI, ICC BluSol, ICMFB, IDEPRO, IDER CV, IDESI Lambayeque, IDESPA, IDF, ID-Ghana, IDH, IDYDC, IFDP, ImerCredit, Imkoniyat, IMON, IMPRO, INECO, Inicjatywa Mikro, INMAA, INSOTEC, Intellekt, Interactuar, Interfisa Financiera, Jamii Bora, Janodaya, JCF, Jigiyaso Ba, JSC Bank Constanta, JSCCS, Juaben RB, JVS, Kafo Jiginew, KAMURJ, Kashf Foundation, Kajnardza 96, KBSLAB, KEP, KGMAMF, Khan Bank, KixiCredito, KMB, KMBI, KMF, Kokari, Kondo Jigima, KOPSA, KPOSB, K-Rep, KRUSHI, KSF, KSK RPK, KVK, KWFT, La Community Bank, LAM, LAPO-NGR, LOK Microcredit Foundation, M7 Can Loc, M7 DB District, M7 DBP City, M7 Dong Trieu, M7 Mai Son, M7 Uong bi, Maata-N-Tudu, FAF-DC, Mahasemam, Mahila, Mahuli, Makhzoumi, Mallig Plains RB, Manuela Ramos, Maritsa Invest, MC², MCN, MEC AFER, MEC FEPRODES, MECREF, MEDF, MED-Net, MEMCO, MFW, MGBB, MiBanco, MI-BOSPO, Coop MEDA, Microserfin, Microsol, MIDE, MIKRA, Mikro ALDI, Mikrofond, Miselini, Miziya, MLF Chiluchor chashma, MAMIDECOT, Momina Voda, Moznosti, MPGBB, MUDE, MUSCCO, Mutuelle Akwaba, Nachala, Nadejda 96, NBJK, NeRuDO, New RB of Victorias, Nidan, Nirdhan, Normicro, NRDSC, NSBA, Nwabiagya RB, NWTF, Nyesigiso, OBM, OCSSCO, ODEF Financiera, OLC, Opportunity Albania, Otiv Alaotra, Otiv Sambava, Otiv Tana, Otuasekan RB,

OXUS - TJK, PADME, PAIDEK, PALFSI, PAMECAS, PAPME, Parabank, PARC, Partner, PASECA - Kayes, PBC, PEACE, Perelik, PGBB, Pomoriiski stopanin, Popular Kasa-Kystendil, PR Bank, PRASAC, PRESTANIC, PRIDE - TZA, Pride Finance, PRISMA, PRIZMA, ProCaja, ProCredit - BOL, ProCredit - MDA, ProCredit - SLV, ProCredit Bank - ALB, ProCredit Bank - BIH, ProCredit Bank - GEO, ProCredit Bank - KOS, PRODEM FFP, PRODESA, Progressive Bank, Pro Mujer - BOL, Pro Mujer - NIC, Pro Mujer - PER, Pushtikar, PWMACS, RADE, Raduga, RASS, RB Bagac, RB Cainta, RB Camalig, RB Cotabato, RB Digos, RB Lebak, RB Mabitac, RB Montevista, RB Oroquieta, RB Placer, RB Siargao, RB Solano, RB Talisayan, RCDS, RCPB, RGVN, ROMCOM, Rost, RSPI, Ryada, Sabaragamuwa, SABR, Saglasie 96, Sahara Mahila, Sajida, Samokov 96, Sanghamithra, Sartawi, Sarvodaya Nano Finance, SAT, Sathapana Limited, SBACD, SBS, SCDA, SCNL, SDBL, SEAP, SED, SEDA, SEEDS, SEF-ARM, SEF-ZAF, Seilanithih, Serviamus, SEWA Bank, SFPI, Shakti, SHARE, SINERGIJA, SIPEM, SKDRDP, SKS, SMEP, Smilyan, SMSS, PADECOMSM, Sodeystviye, SOFINA, Soglasiye, Solidarnost, Soro Yiriwaso, South Akim RB, Spandana, SPGBB, SSS, Stanichnik, Stopanin, Sungi, Sunrise, SWAWS, Tamweelcom, Tchuma, TIAVO, TLM, TPC, TSKI, TYM, UCADE Ambato, UCADE Guaranda, UCADE Latacunga, UCADE Santo Domingo, UCEC/MK, UNACOOPEC-CI, UNICREICH, Union RB, UNRWA, UOB, Upper Manya RB, USFSBS, USTOI, Finance Trust, Valiant RB, VBSP, VFS, Viator, Visión Banco, Vital Finance, VSSU, VYCCU, WAGES, WDB, Wisdom, WKP, Women for Women, World Relief - HND, WSE, WWB Cali, XacBank, Zakoura,

ACBA, AccessBank, ACLEDA, ACLEDA Lao, ADOPEM, Agroinvestbank, Aiyl Bank, Akiba, Al Rafah Bank, AMfB, Azerdemiryolbank, Bancamía, Banco ADEMI, Banco Amigo, Banco Familiar, Banco Popular do Brasil, Banco Solidario, BancoEstado, BancoSol, BanCovelo, BanGente, Bank Eskhata, Bank of Baku, BCSC, BOM, BTA Bank, Capitec Bank, Centenary Bank, Columbia Microcreditos, CompartamosBanco, CrediAmigo, Crediscotia, CRG, Equity Bank, FINCA - ECU, FMFB - AFG, FMFB - TJK, FORUS, Grameen Bank, ICMFB, IMFB, INECO, JSC Bank Constanta, KBank, Khan Bank, KMB, KPOSB, K-Rep, La Community Bank, LAPO-SLE, MiBanco, MiBanco Venezuela, Mikrokredit Bank, Nirdhan, NovoBanco - MOZ, OBM, OBS, OIBM, OMB, Parabank, ProCredit - BOL, ProCredit - COL, ProCredit - ECU, ProCredit - HND, ProCredit - NIC, ProCredit - SLV, ProCredit Bank - ALB, ProCredit Bank - BGR, ProCredit Bank - BIH, ProCredit Bank - GEO, ProCredit Bank - KOS, ProCredit Bank - MDA, ProCredit Bank - MKD, ProCredit Bank - ROM, ProCredit Bank - SLE, ProCredit Bank - UKR, ProCredit Bank- DRC, ProCredit Bank Serbia, SEWA Bank, VBSP, Visión Banco, XacBank

ACEP Senegal, ACFB, Aetos, Agroimpuls, Alternativa, Alteya, AMMACTS, Aqroinvest, ASC Union, ASR, Avantaj, Blago, BMSCCSL, BMT Kayu Manis, BRCCC, CACMU, Caja Depac Poblana, Caja Popular Mexicana, CamCCUL, CCAMETRO, CDM, CECA, CEC-PROM Mature, Central Cresol Baser, Chandeshwori, CMCA, CMMB, CMS, COAC 4 de Octubre, COAC Acción Rural, COAC Ambato, COAC Artesanos, COAC Chone, COAC Fernando Daquilema, COAC Fondvida, COAC Huaycopungo, COAC Jardín Azuayo, COAC Kullki Wasi, COAC La Benéfica, COAC Luz del Valle, COAC MCCH, COAC Minga, COAC Mushuc Runa, COAC La Nacional, COAC Padre Vicente, COAC Pallatanga, COAC Sac Aiet, COAC San Antonio, COAC San Gabriel, COAC San José, COAC Santa Ana, COAC Santa Anita, CODESARROLLO, Comultrasan, Coop 20 de Abril, Coop Avances, Coop Fátima, Coop Jesús Nazareno, Coop Juan XXIII, COOPAC Chiquinquira, COOPAC León XIII, COOPAC Los Andes, COOPAC Norandino, COOPAC San Cristóbal, COOPAC San Martín, COOPAC Santa Maria, COOPAC Santo Cristo, COOPAC Santo Domingo, COOPAC Tocache, COOPEC Hinfani Dosso, COOPEC/ACCO, COOPEDU-Kigali, COOPROGRESO, COSPEC, CPECG Yete Mali, Credicoop, Cresol Central, CU Sawiran, DJOMEC, DSK Dobrich,

Doveriye - Volgograd, Doveriye (Amursk), Doveriye- Bulgaria, Doveriye-Altay, Edinstvo Yurga, Edinstvo-Volgograd, EKPA, FAM, FECECAM, FFECC, FUCEC Togo, FULM, Galaktika, General Toshevo, Gorodskoy, Impuls, Indur MACS, Intellekt, Jigiyaso Ba, JSCCS, Kafo Jiginew, Kajnardza 96, Kokari, Komak Credit, Kondo Jigima, Kredo, KSK RPK, KVK, KVK-Altay, LSK, Madfa SACCO, Mahila, Maritsa Invest, MC², MEC AFER, MEC FEPRODES, MECBAS, MECREF, MGPCC DEKAWOWO, Coop MEDA, Miziya, MAMIDECOT, Momina Voda, Moznosti, MUSCCO, Mutuelle Akwaba, Nachala, Nadejda, Nadejda 96, Narodniy Kredit_Kemerov, Neftegaz, Nyesigiso, Obereg (Vladivostok), Otiv Alaotra, Otiv Diana, Otiv Sambava, Otiv Tana, PAMECAS, Partner Russia, PASECA - Kayes, Perelik, Pomoriiski stopanin, Popular Kasa-Kystendil, Povoljye, Pushtikar, PWMACS, Raduga, RCCECG, RCPB, Reserv-Altay, Rezerv, Riverbank, Rost, Rus, Saglasie 96, Sahara Mahila, Samokov 96, SBS, Smilyan, Sodeystviye, Sodeystviye-2005, Soglasiye, Solidarnost, Soyuz-Khimik, SoyuzKredit, Soyuz-Primoroye, Stanichnik, Stopanin, TIAVO, Tsaritsinskiy passaj, Tsimlyansk, Tverskoy, UCCEC GY, UCEC/MK, U-IMCEC, UMECDES, Umid, UNACOOPEC-CI, UNION DES COOPECs UMUTANGUHA, Vostok Kapital, VYCCU, WOCCU - AFG

Page 48: 2008 MFI Benchmarks

DATA QUALITY †PEER GROUP N * ** ***

Charter Type: NGO (Non Government Organization) 389 114 246 29

Charter Type: Rural Bank (Rural Bank) 84 21 62 1

1st MCC, 3A Entreprises, Abzal Kredit, ACB sa, ACCOVI, ACF, ACSI, ADCSI, AFS, Aqrarkredit, AgroInvest, A-invest, Al Awael, Alliance Group, Alliance MFB, Alternativa 19 del Sur, Alwatani, AMC, AMC de R.L., Ameen, AMK, AML, Amlok, AMRET, Apoyo Económico, Apoyo Integral, AREGAK UCO, Arnur Credit, Arohan, ASP Financiera, ASTI, ASUSU CIIGABA, AWS, Azercredit, Azeri Star, Bai Tushum, Bandhan, BANEX, BASIX, BAYOCA, Bereke-credit, Berendina Microfinance, BFL, BFSBS, BG, Borshud, CAFASA, CAFODEC, CAPA, CAURIE Micro Finance, CBIRD, CCA, CDS, CECIC S.A., CEF, CETZAM, CFA, CFE, CHC-Limited, Chita FSBS, CMAC Arequipa, CMAC Cusco, CMAC Del Santa, CMAC Huancayo, CMAC Ica, CMAC Maynas, CMAC Paita, CMAC Pisco, CMAC Piura, CMAC Sullana, CMAC Tacna, CMAC Trujillo, CMFinance, CRAC Los Andes, CRAC Nuestra Gente, CRAC Profinanzas, CRAC Señor de Luren, CRAC Sipán, Crece Safsa, CredAgro NBCO, Credi Fé, CrediAvance, Credi-Capital, CrediClub, CrediComún, CREDIT, Credit Mongol, Créditos Pronegocio, CREDITUYO, CREDO, Crezcamos, Crystal, DAYAQ-Credit, DD Bank, DECSI, Degaf, Despacho Amador, Dirigible, Don Apoyo, Duterimbere, ECLOF - ARM, EcoFuturo FFP, EDPYME Acceso Crediticio, EDPYME Alternativa, EDPYME Confianza, EDPYME Crear Arequipa, EDPYME Credivisión, EDPYME Efectiva, EDPYME Nueva Visión, EDPYME Pro Negocios, EDPYME Proempresa, EDPYME Raíz, Ehyoi kuhiston, EKI, Elet-Capital, ENLACE, Equitas, Eshet, Crezkamos Kapital, Fácil SCM, FAMA OPDF, Farm Credit Armenia, FASL, Fassil FFP, FATEN, Faulu - KEN, Faulu - UGA, FFSA, FIE FFP, FIE Gran Poder, FIELCO, FinAgro, FinAmérica, FinAmigo, Financiera Edyficar, Financiera Fama, Financiera Independencia, FINCA - AFG, FINCA - ARM, FINCA - AZE, FINCA - GEO, FINCA - HND, FINCA - Russia, FINCA - TJK, FINCA - UGA, FINCA - ZMB,

FinComún, FINCORP, FinDev, FINORTE, FINSOL, Emprenda, FISUR, FMCC, FMFB - Pakistan, FNT Credit, Forjadores de Negocios, Fortaleza FFP, Fundusz Mikro, Garant-Invest, Gasha, GAWFA, GCM, GFSPL, GOF, GRAINE sarl, Grupo Río La Venta, GV, Harbu, HDH OPDF, HKL, HOPE, Horizon, IFDP, ImerCredit, Imkoniyat, Imodi Hutal, IMON, Inicjatywa Mikro, Interfisa Financiera, Invest Credit, Invest-Credit Moldova, Invirtiendo, IPR, Jamii Bora, Joldosh Group, JOVID, JVS, KADET, KAMURJ, Kashf Bank, Kemek, KEP, Khushhali Bank, KixiCredito, KMF, Kompanion, KOPSA, KRK Ltd, KWFT, Lak Jaya, LAM, Lazika Capital, Letta, LIDER, LOK Microcredit Foundation, MADRAC, Maqsadi dasgiri, Maxima, MCL, MCN, MCO 'Oral', Meklit, MFI, MFW, MI-BOSPO, Micro Africa, MicroCred - MDG, MicroCred - MEX, MicroCred - SEN, Micredito SAC, Microfinanciera Prisma, Microinvest, Microserfin, MIKRA, Mikro ALDI, Mikrofond, MikroMaliyye Credit, Mimo Finance, MLF Chiluchor chashma, MLF Kiropol, MLF Madina, MLF MicroInvest, MLF Vahsh Microfin, MLO HUMO, MLO 'Saodat Invest', MoFAD, Mol Bulak Finance, Moldir, MUL, NMFB, Normicro, Nov Credit, OCSSCO, ODEF Financiera, Faulu - TZA, OI China, OISL, OMRO, Oportunidad Microfinanzas, Opportunity Albania, Opportunity Finance, Opportunity Kenya, OXUS - AFG, OXUS - KGS, OXUS - TJK, Partner, PEACE, PNG Microfinance Ltd, POMFB, Popular SAFI, PRASAC, PRIZMA, ProCredit - GHA, ProCredit - MDA, PRODEM FFP, Progresemos, Real Microcrédito, Red de Vanguardia, REDFunds, Reef, Reliance, Rishenglong,

RML, WMN (Russia), Sabaragamuwa, Samasta, Sarvodaya Nano Finance, Sathapana Limited, SB Bank, SCNL, SDBL, SED, SEEDS, SEF-ARM, Seilanithih, SemiSol, SEWA Finance, SFF, SFPI, SHARE, SINERGIJA, SIPEM, SKS, SMEP, SOCIALCRED, PADECOMSM, SOCRED, SOFINA, SOGESOL, SolFi, Solución Asea, Soluciones Reales, Sonata, Spandana, Sugd Microfin, SUMI, Sunrise, SFPL, Tamweelcom, Tchuma, Te Creemos, TFS, TMFB, TPC, Trident Microfinance, Tujijenge, Turame Community Finance, TYM, Ujjivan, Umid-Credit, UNICREICH, UOB, USFSBS, USTOI, Finance Trust, VFC, VFM, VFS, Viator, Vivir Soluciones, VRFSBS, Wasasa, Nationwide Microbank, WDB, Wisdom, WISE, WWI - AFG

A3C, ABA, ABCRDM, ABS-CBN, ABWA, Abyan, ACAD, ACEP Cameroon, ACME, ACORDE, Actuar Caldas, Actuar Tolima, Aden, Adhikar, ADICH, ADIM, ADRA - PER, ADRI, AFK, AFODENIC, Agência do Crédito, AGAPE, AgroCapital, Agrocredit Plus, AGUDESA, Al Amana, Al Karama, Al Majmoua, Al Tadamun, Alidé, ALSOL, Alternativa Microfinanzas, Al-Thiqa, AMA, AMEXTRA, AMFI, AMOS, AMSSF/MC, ANDE, ANED, APED, APROS, ARD, ARDCI, ARDI, ARMP, ASA, ASA - GHA, ASA Philippines, ASALA, Asasah, ASBA, ASDIR, ASEI, ASHI, ASIDME, ASKI, Asociación Arariwa, Asociación El Balsamo, Asociación Raíz, ASODENIC, ASOPROSANRAMON, ASPIRE, ATEMEXPA, Avanzar, AYNLA, Azal, Banco da Familia, Banco do Empreendedor, Banco do Povo ACP, Rede Novo Sol, Banco do Vale, BANCRI, BEES, Bereke, BESA, BIMAS, Binhminh CDC, BISWA, BJS, BRAC, BRAC - AFG, BRAC - LKA, BRAC - SS, BRAC - TZA, BRAC - UGA, BSS, BURO Bangladesh, BWDC, BZMF, CAME, CAPPED, CARD NGO, CARE - CREEME, Caritas, Caritas Esteli, Casa do Microcrédito, Cashpor MC, CBDIBA/RENACA, CCC, CDRO, CEADe, CEAPE BA, CEAPE MA, CEAPE PE, CEAPE PI, CEDEF, CEOSS, CEP, CEP BRVT, CEP Long An, CEPESIU, CEPRODEL, CESOL ACJ, CEVI, CFF, CFPA, Chamroeun, CHF Iraq, Childfund Hoa Binh, CHWDA, CIDRE, CMEDFI, COCDEP, Common Interest, Conserva, Contactar, CRAN, CRECER, CREDIMUJER, Credisol, CReSA, CRYSOL, CSD,

CUMO, CVECA Kita/Bafoulabé, CVECA Pays Dogon, CVECA SOUM, CWCD, CZWSDA, DAMEN, DBACD, DEC, DEPROSC-Nepal, Diaconia, Dian Mandiri, DINARI, D-Miro, DQF, DSPI, ECLOF - ECU, ECLOF - PHL, EDAPROSPO, Emprender, Enda, ESAF, ESED, Espacios Alternativos, Express Finance, FACES, FADEMYPE, FAFIDESS, FAPE, FBPMC, AfricaWorks, FDL, FDM, FED, FIACG, FIDERPAC, FIDEVIE, FINCA - DRC, FINCA - GTM, FINCA - HTI, FINCA - JOR, FINCA - KOS, FINCA - MEX, FINCA - MWI, FINCA - NIC, FINCA - PER, FINCA - SLV, FINCA - TZA, FMF, FMFI-SYR, FMM Bucaramanga, FMM Popayán, FMSD, FODEM, FODEMI, FOMIC, FONCRESOL, FONDECO, FONDEP, FONDESOL, FONDESURCO, Fondo Esperanza, Fonkoze, FORWARD, FOVIDA, FRAC, FUBODE, FUDEMI, FUNBODEM, Fund for Women Development - HCM, Fundación 4i-2000, Fundación Alternativa, Fundación Amanecer, Fundación CAMPO, Fundación Esperanza, Fundación Espoir, Fundación León 2000, Fundación MICROS, Fundación Mujer, Fundación Nieborowski, Fundación Paraguaya, FUNDAHMICRO, FUNDAMIC, FUNDEA, FUNDEBASE, FUNDECOCA, FUNDENUSE, FUNDEPYME, FUNDESER, FUNDESPE, FUNED, FUNHAVI, FUNSALDE, FVP, Génesis Empresarial, GGEM Microfinance Services Ltd., Grameen Mendoza, GU, HEED, Hekima, HiH, Hluvuku, Hofokam,

Hope for Life, Horizonti, HSPFI, ICC BluSol, ICC Conquista Solidária, ICC MAUCE, IDDA, IDEPRO, IDER CV, IDESI Lambayeque, IDESPA, IDF, ID-Ghana, IDH, IDYDC, IMPRO, INMAA, INSOTEC, Instituto Estrela, Interactuar, Izdiharona Microfinance, Jabal Al Hoss, Janodaya, JCF, JXWDA, Kasagana-Ka, Kashf Foundation, Kazama Grameen, KCCDFI, KGMAMF, KMBI, KosInvest, KRUSHI, KSF, LAPO-NGR, Lead Foundation, Life Bank, M7 Can Loc, M7 DB District, M7 DBP City, M7 Dong Trieu, M7 Mai Son, M7 Ninh Phuoc, M7 Uong bi, Maata-N-Tudu, FAF-DC, Mahasemam, Mahashakti, Mahuli, Makhzoumi, Manuela Ramos, Manushi, Marang, MBK Ventura, MDF, MEDF, MED-Net, MEMCO, Micro Start, Microsol, MIDE, Miselini, MLF MWI, Moris Rasik, MUDE, NBJK, NCS, NEED, NeRuDO, Nidan, NMF, NRDSC, NSBA, NWTF, NYWDA, OLC, PADME, PAIDEK, PALFSI, PAPME, PARC, Parwaz, PASED, PATRA Hunchun, PATRA Yanbian, PAWDEP, PCWDA, Plan International, PRESTANIC, PRIDE - TZA, Pride Finance, PRISMA, ProCaja, PRODESA, Progresar, Pro Mujer - ARG, Pro Mujer - BOL, Pro Mujer - MEX, Pro Mujer - NIC, Pro Mujer - PER, RADE, RAFODE, RASS, RCDS, RGVN, ROMCOM, RSPI, Ryada, São Paulo Confia, Saadhana, SABR, Sajida, Sanghamithra, Sarala, Sartawi, SAT, SBACD, SCDA, SEAP, SEDA, SEF-ZAF, SEM Fund, Serviamus, SFSD, Shakti, SKDRDP, SMSS, Sodruzhestvo, Soro Yiriwaso, SPBD, SSS, SU, Sungi, Mentors - PER, SWAWS, TLM, TSKI, UCADE Ambato, UCADE Guaranda, UCADE Latacunga, UCADE Santo Domingo, Vital Finance, VSSU, WAGES, WKP, Women for Women, World Relief - HND, WSE, WWB Cali, XXWDA, YYWDA, Zakoura

1st Valley Bank, Akuapem RB, Atwima Kwanwoma, Banco Santiago de Libon, Bangko Kabayan, Bangko Luzon, Bangko Mabuhay, BCB, Bessfa RB, BMT Pringsewu, Bonzali RB, BPR AN, BPR Aditama Arta, BPR AK, BPR Artadamas Mandiri, BPR BBTM, BPR BKK Cilacap, BPR CAS, BPR Citama, BPR DMG, BPR Eka Ayu, BPR Eka Usaha, BPR Hitamajaya, BPR NBP 11, BPR NBP 19, BPR NBP 2, BPR NBP 30, BPR NSI, BPR Pinang Artha, BPR PKT, BPR SAS, BPR Sukawati Pancakanti, BPR SKA, BPR Surya Yudha Kencana, BPR Taman Dhana, BPR Wahana Sentra Artha, Cantilan Bank, CARD Bank, CBB, CBMO, FAIR Bank, FICO, First Macro Bank, GBNB, GM Bank, Green Bank, Juaben RB, Kakum RB, KBSLAB, Mallig Plains RB, Mbinga CB, MGBB, MPGBB, New RB of Victorias, Nwabiagya RB, Otuasekan RB, PBC, PGBB, PR Bank, Progressive Bank, RB Bagac, RB Cainta, RB Camalig, RB Cotabato, RB Digos, RB Dipolog, RB Guinobatan, RB Lebak, RB Liloy, RB Mabitac, RB Montevista, RB Oroquieta, RB Pagbilao, RB Placer, RB San Jacinto, RB Siargao, RB Solano, RB Talisayan, Siam Bank, South Akim RB, SPGBB, Union RB, Upper Manya RB, Valiant RB

Page 49: 2008 MFI Benchmarks

DATA QUALITY †PEER GROUP N * ** ***

Financial Intermediation: Non FI (Savings/ Total Assets = 0) 398 120 243 35

Financial Intermediation: Low FI (Savings/ Total Assets > 0 and < 20%) 159 54 95 10

Financial Intermediation: High FI (Savings/ Total Assets ≥ 20%) 393 120 229 44

1st MCC, 3A Entreprises, ABA, ACAD, ACF, ACME, ACORDE, Actuar Caldas, Actuar Tolima, Adhikar, ADIM, ADRA - PER, ADRI, Aetos, AFODENIC, AFS, Agência do Crédito, AGAPE, Aqrarkredit, AgroCapital, Agrocredit Plus, Agroimpuls, AgroInvest, AGUDESA, A-invest, Aiyl Bank, Al Awael, Al Karama, Al Majmoua, Al Tadamun, Alliance Group, Alternativa Microfinanzas, Al-Thiqa, AMA, AMC, AMC de R.L., Ameen, AMFI, AML, AMMACTS, AMOS, AMSSF/MC, ANDE, ANED, Apoyo Económico, Apoyo Integral, Aqroinvest, ARDI, AREGAK UCO, ARMP, Arohan, ASBA, ASEI, ASIDME, Asociación El Balsamo, Asociación Raíz, ASOPROSANRAMON, ASP Financiera, ASTI, Avanzar, AWS, AYNLA, Azercredit, Bancamía, Banco da Familia, Banco do Empreendedor, Banco do Povo ACP, Rede Novo Sol, Banco do Vale, BANCRI, Bereke-credit, Berendina Microfinance, BESA, BFL, BFSBS, BISWA, BJS, BSS, BWDC, CAFODEC, CAPA, CARE - CREEME, Caritas, Caritas Esteli, Casa do Microcrédito, Cashpor MC, CCC, CEADe, CEAPE BA, CEAPE MA, CEAPE PE, CEAPE PI, CEDEF, CEF, CEOSS, CEPESIU, CESOL ACJ, CFF, CHF Iraq, Chita FSBS, CHWDA, CIDRE, CMFinance, COCDEP, Columbia Microcreditos, Common Interest, CompartamosBanco, Contactar, CRECER, Credi Fé, CrediAmigo, Credi-Capital, CrediClub, CREDIMUJER, Credisol, Créditos Pronegocio, CREDITUYO, CReSA, Crezcamos, CRYSOL, CWCD, DAMEN, DAYAQ-Credit, DEF, Diaconia, Dirigible, DSK Dobrich, D-Miro, Don Apoyo,

ECLOF - ECU, EDAPROSPO, EDPYME Acceso Crediticio, EDPYME Alternativa, EDPYME Confianza, EDPYME Crear Arequipa, EDPYME Credivisión, EDPYME Efectiva, EDPYME Nueva Visión, EDPYME Pro Negocios, EDPYME Proempresa, EDPYME Raíz, Ehyoi kuhiston, Elet-Capital, Emprender, ENLACE, Equitas, ESAF, ESED, Express Finance, Fácil SCM, FACES, FADEMYPE, FAFIDESS, FAPE, Farm Credit Armenia, FDL, FED, FIACG, FIDERPAC, FIE Gran Poder, Financiera Fama, Financiera Independencia, FINCA - AFG, FINCA - ARM, FINCA - AZE, FINCA - GEO, FINCA - KOS, FINCA - MEX, FINCA - NIC, FINCA - PER, FINCA - Russia, FINCA - SLV, FINCA - TJK, FINCA - TZA, FINCORP, FinDev, FINORTE, Emprenda, FMCC, FMF, FMM Bucaramanga, FMM Popayán, FMSD, FNT Credit, FODEM, FODEMI, FOMIC, FONDEP, FONDESOL, FONDESURCO, Fondo Esperanza, Forjadores de Negocios, FOVIDA, FRAC, FUBODE, FUDEMI, FUNBODEM, Fundación 4i-2000, Fundación Alternativa, Fundación Amanecer, Fundación CAMPO, Fundación Esperanza, Fundación Espoir, Fundación León 2000, Fundación MICROS, Fundación Mujer, Fundación Nieborowski, Fundación Paraguaya, FUNDAHMICRO, FUNDAMIC, FUNDEBASE, FUNDECOCA, FUNDENUSE, FUNDEPYME, FUNDESER, FUNDESPE, FUNHAVI, FUNSALDE, FVP, Génesis Empresarial, GCM, General Toshevo, GGEM Microfinance Services Ltd., GFSPL, GOF, Grameen Mendoza, GV, HiH, HOPE, Hope for Life, ICC BluSol, ICC MAUCE, IDEPRO, IDER CV, IDESI Lambayeque, IDESPA, IDH, ImerCredit, Imkoniyat, Imodi Hutal, IMPRO, Inicjatywa Mikro, INSOTEC, Instituto Estrela, Interactuar, Invest Credit, IPR, Izdiharona Microfinance, Janodaya, Joldosh Group, JXWDA, Kashf Bank,

Kajnardza 96, Kemek, Komak Credit, Kompanion, KOPSA, KosInvest, KRK Ltd, LAM, LIDER, FAF-DC, Makhzoumi, Manuela Ramos, Marang, Maxima, MCN, MCO 'Oral', MDF, MEDF, MEMCO, MFI, Micro Africa, MicroCred - MDG, MicroCred - MEX, Micredito SAC, Coop MEDA, Microfinanciera Prisma, Microserfin, Microsol, MIDE, MIKRA, Mikro ALDI, MikroMaliyye Credit, Mimo Finance, Miziya, MLF Chiluchor chashma, MLF Kiropol, MLF Madina, MLF MicroInvest, MLF MWI, MLF Vahsh Microfin, MLO 'Saodat Invest', MMS, Moldir, Momina Voda, MUDE, MUL, Nachala, Nadejda 96, NBJK, NCS, Nidan, Normicro, Nov Credit, NSBA, OLC, Oportunidad Microfinanzas, Opportunity Albania, Opportunity Finance, OXUS - AFG, OXUS - KGS, PAIDEK, PASED, PATRA Hunchun, Perelik, Pomoriiski stopanin, Popular SAFI, PRESTANIC, PRISMA, PRODESA, Progresar, Progresemos, Pro Mujer - ARG, Pro Mujer - BOL, Pro Mujer - MEX, Pro Mujer - NIC, Pro Mujer - PER, RASS, RB Placer, Real Microcrédito, Red de Vanguardia, REDFunds, Rishenglong, RML, WMN (Russia), São Paulo Confia, Saadhana, Saglasie 96, Samokov 96, Sanghamithra, Sartawi, Sarvodaya Nano Finance, SCDA, SCNL, SED, SEF-ARM, SEF-ZAF, SEM Fund, SemiSol, SHARE, SINERGIJA, SIPEM, SKDRDP, SKS, SMILE, Smilyan, SMSS, SOCIALCRED, PADECOMSM, SOCRED, Sodruzhestvo, SOGESOL, Soglasiye, Solidarnost, Soluciones Reales, Sonata, Spandana, SSK, Stopanin, Sugd Microfin, Sungi, Mentors - PER, SFPL, SWAWS, TFS, TLM, Tsimlyansk, UCADE Ambato, UCADE Guaranda, UCADE Latacunga, UCADE Santo Domingo, Umid-Credit, UNRWA, USFSBS, USTOI, VFM, VFS, Viator, Vital Finance, Vivir Soluciones, VRFSBS, Women for Women, WWB Cali, WWI - AFG, XXWDA, YYWDA, Zakoura

ABWA, Abyan, AccessBank, ACEP Cameroon, ACEP Senegal, Aden, ADICH, ADOPEM, ALSOL, Alternativa 19 del Sur, AMfB, AMK, AMRET, APROS, ASA - GHA, ASALA, Asasah, ASHI, Asociación Arariwa, ASODENIC, ASPIRE, ATEMEXPA, Azal, Bandhan, BASIX, BG, BOM, BRAC - AFG, BRAC - LKA, BRAC - SS, BRAC - TZA, BRAC - UGA, BRCCC, CAFASA, CCAMETRO, CBIRD, CDRO, CEPRODEL, CETZAM, CEVI, CFA, CFPA, CHC-Limited, Conserva, Coop 20 de Abril, COOPAC Norandino, COOPEC Hinfani Dosso, CRAN, Crece Safsa, CrediAvance, CrediComún, CREDIT, CUMO, CZWSDA, DD Bank, DEPROSC-Nepal, Despacho Amador, DINARI, Doveriye- Bulgaria, ECLOF - PHL, Eshet, Crezkamos Kapital, FAMA OPDF, FATEN, Faulu - UGA, FIDEVIE, FinAmigo, Financiera Edyficar, FINCA - ECU, FINCA - GTM, FINCA - HND, FINCA - HTI, FINCA - MWI, FINCA - ZMB, FISUR, FMFI-SYR, FONCRESOL, FONDECO, FORUS, FUNDEA, FUNED, Galaktika, GRAINE sarl, Grupo Río La Venta, HDH OPDF, HKL, Hluvuku, Hofokam, Horizonti, HSPFI, IDDA, Indur MACS, Invirtiendo, Jabal Al Hoss, JSC Bank Constanta, Kashf Foundation, KGMAMF, Khushhali Bank, KixiCredito, Kokari, KRUSHI, KSF, Letta, Maata-N-Tudu, Madfa SACCO, MADRAC, Maritsa Invest, MBK Ventura, MCL, MED-Net, MGBB, MoFAD, Moznosti, MUSCCO, NEED, NeRuDO, NMF, NWTF, ODEF Financiera, Faulu - TZA, PADME, PAPME, Parwaz, PATRA Yanbian, PGBB, POMFB, PRASAC, Pride Finance, ProCaja, ProCredit - COL, PWMACS, RADE, Reef, RGVN, Sarala, SAT, Sathapana Limited, Seilanithih, SEWA Finance, SFSD, SolFi, Solución Asea, Soro Yiriwaso, SPBD, SPGBB, SU, Tamweelcom, Tchuma, Te Creemos, TPC, Trident Microfinance, TSKI, Turame Community Finance, TYM, Ujjivan, VFC, WISE, WOCCU - AFG, World Relief - HND

1st Valley Bank, A3C, ABCRDM, ABS-CBN, ACB sa, ACBA, ACCOVI, ACFB, ACLEDA, ACSI, Agroinvestbank, Akiba, Akuapem RB, Al Rafah Bank, Alidé, Alliance MFB, Alternativa, Alteya, AMEXTRA, APED, ARD, ASA, ASA Philippines, ASC Union, ASDIR, ASKI, ASR, ASUSU CIIGABA, Atwima Kwanwoma, Avantaj, Azerdemiryolbank, Banco ADEMI, Banco Amigo, Banco Familiar, Banco Popular do Brasil, Banco Santiago de Libon, Banco Solidario, BancoEstado, BancoSol, BanCovelo, BANEX, BanGente, Bangko Kabayan, Bangko Mabuhay, Bank Eskhata, Bank of Baku, BCB, BCSC, BEES, Bessfa RB, BIMAS, Binhminh CDC, Blago, BMT Kayu Manis, BPR AN, BPR AK, BPR Artadamas Mandiri, BPR BBTM, BPR BKK Cilacap, BPR CAS, BPR Citama, BPR DMG, BPR Hitamajaya, BPR NBP 11, BPR NBP 19, BPR NBP 2, BPR NSI, BPR Pinang Artha, BPR SAS, BPR Sukawati Pancakanti, BPR Surya Yudha Kencana, BPR Taman Dhana, BPR Wahana Sentra Artha, BRAC, BTA Bank, BURO Bangladesh, CACMU, Caja Depac Poblana, Caja Popular Mexicana, CamCCUL, CAME, Cantilan Bank, Capitec Bank, CAPPED, CARD Bank, CARD NGO, CAURIE Micro Finance, CBDIBA/RENACA, CBMO, CCA, CDM, CDS, CECA, CECIC S.A., CEC-PROM Mature, Centenary Bank, Central Cresol Baser, CEP, Chamroeun, CMAC Arequipa, CMAC Cusco, CMAC Del Santa, CMAC Huancayo, CMAC Ica, CMAC Maynas, CMAC Paita, CMAC Pisco, CMAC Piura, CMAC Sullana, CMAC Tacna,

Page 50: 2008 MFI Benchmarks

DATA QUALITY †PEER GROUP N * ** ***

Methodology: Individual 281 88 161 32

Methodology: Individual/ Solidarity (Individual & Solidarity; or Individual, Solidarity & Village Banking) 272 62 186 24

CMAC Trujillo, CMCA, CMEDFI, CMMB, CMS, COAC 4 de Octubre, COAC Acción Rural, COAC Ambato, COAC Artesanos, COAC Chone, COAC Fernando Daquilema, COAC Fondvida, COAC Huaycopungo, COAC Jardín Azuayo, COAC Kullki Wasi, COAC La Benéfica, COAC Luz del Valle, COAC MCCH, COAC Minga, COAC Mushuc Runa, COAC La Nacional, COAC Padre Vicente, COAC Pallatanga, COAC Sac Aiet, COAC San Antonio, COAC San Gabriel, COAC San José, COAC Santa Ana, COAC Santa Anita, CODESARROLLO, Comultrasan, Coop Avances, Coop Fátima, Coop Jesús Nazareno, Coop Juan XXIII, COOPAC Chiquinquira, COOPAC León XIII, COOPAC Los Andes, COOPAC San Cristóbal, COOPAC San Martín, COOPAC Santa Maria, COOPAC Santo Cristo, COOPAC Santo Domingo, COOPAC Tocache, COOPEC/ACCO, COOPEDU-Kigali, COOPROGRESO, COSPEC, CPECG Yete Mali, CRAC Los Andes, CRAC Nuestra Gente, CRAC Profinanzas, CRAC Señor de Luren, CRAC Sipán, Credicoop, Crediscotia, Cresol Central, CRG, CSD, CU Sawiran, CVECA Kita/Bafoulabé, CVECA Pays Dogon, CVECA SOUM, DEC, DECSI, DJOMEC, Doveriye - Volgograd, Doveriye (Amursk), Doveriye-Altay, DSPI, Duterimbere, EcoFuturo FFP, Edinstvo Yurga, Edinstvo-Volgograd, EKPA, Equity Bank, Espacios Alternativos, FAIR Bank, FAM, FASL, Fassil FFP, Faulu - KEN, FDM, FECECAM, FFECC, FICO, FIE FFP, FIELCO, FinAmérica, FINCA - DRC, FINCA - UGA, FinComún, FINSOL, First Macro Bank,

FMFB - AFG, FMFB - Pakistan, FMFB - TJK, Fonkoze, Fortaleza FFP, FORWARD, FUCEC Togo, FULM, Gasha, GAWFA, GBNB, GM Bank, Gorodskoy, Grameen Bank, Green Bank, GU, Harbu, HEED, Hekima, IDF, ID-Ghana, IMFB, Impuls, INECO, Intellekt, Interfisa Financiera, Jigiyaso Ba, JSCCS, Juaben RB, JVS, KADET, Kafo Jiginew, Kakum RB, Kasagana-Ka, Kazama Grameen, KBank, KBSLAB, KCCDFI, Khan Bank, KMB, KMBI, Kondo Jigima, KPOSB, Kredo, K-Rep, KVK, KVK-Altay, KWFT, La Community Bank, LAPO-NGR, LAPO-SLE, Life Bank, LSK, Mahasemam, Mahila, Mahuli, Mallig Plains RB, Manushi, Mbinga CB, MC², MEC AFER, MEC FEPRODES, MECBAS, MECREF, MGPCC DEKAWOWO, MiBanco, MiBanco Venezuela, Micro Start, MicroCred - SEN, Mikrokredit Bank, Miselini, Moris Rasik, Mutuelle Akwaba, Nadejda, Narodniy Kredit_Kemerov, Neftegaz, NESDO, New RB of Victorias, Nirdhan, NMFB, NovoBanco - MOZ, Nwabiagya RB, Nyesigiso, Obereg (Vladivostok), OBM, OBS, OIBM, OISL, OMB, Opportunity Kenya, Otiv Alaotra, Otiv Diana, Otiv Sambava, Otiv Tana, Otuasekan RB, PALFSI, PAMECAS, Parabank, PARC, Partner Russia, PASECA - Kayes, PBC, PEACE, PNG Microfinance Ltd, Popular Kasa-Kystendil, Povoljye, PRIDE - TZA, ProCredit - BOL, ProCredit - ECU, ProCredit - GHA, ProCredit - HND, ProCredit - NIC, ProCredit - SLV, ProCredit Bank - ALB, ProCredit Bank - BGR, ProCredit Bank - BIH, ProCredit Bank - GEO, ProCredit Bank - KOS, ProCredit Bank - MDA, ProCredit Bank - MKD, ProCredit Bank - ROM, ProCredit Bank - SLE, ProCredit Bank - UKR, ProCredit Bank- DRC, ProCredit Bank Serbia,

PRODEM FFP, Progressive Bank, Pushtikar, Raduga, RAFODE, RB Bagac, RB Cainta, RB Camalig, RB Digos, RB Dipolog, RB Lebak, RB Liloy, RB Mabitac, RB Montevista, RB Oroquieta, RB Pagbilao, RB Talisayan, RCCECG, RCPB, Reliance, Reserv-Altay, Rezerv, Rost, RSPI, Sajida, SB Bank, SBS, SEAP, SEDA, SEEDS, Serviamus, SFF, SFPI, Shakti, SMEP, Sodeystviye, Sodeystviye-2005, SOFINA, South Akim RB, Soyuz-Khimik, SoyuzKredit, Soyuz-Primoroye, Stanichnik, TIAVO, TMFB, Tsaritsinskiy passaj, Tverskoy, UCEC/MK, U-IMCEC, UMECDES, Umid, UNACOOPEC-CI, UNICREICH, Union RB, UOB, Upper Manya RB, Finance Trust, Valiant RB, Visión Banco, Vostok Kapital, WAGES, Wasasa, Wisdom, XacBank

1st Valley Bank, Abzal Kredit, ACAD, AccessBank, ACCOVI, ACLEDA Lao, ACME, Actuar Caldas, ADRI, AFK, AFODENIC, AgroInvest, Agroinvestbank, Alliance Group, Alternativa, Alteya, Alwatani, AMA, AMC, AMC de R.L., Ameen, AMfB, Aqroinvest, ASA - GHA, ASA Philippines, ASC Union, ASDIR, ASOPROSANRAMON, ASPIRE, ASR, Avanzar, Azerdemiryolbank, Bancamía, Banco ADEMI, Banco da Familia, Banco do Empreendedor, Rede Novo Sol, Banco do Vale, Banco Familiar, Banco Solidario, BancoEstado, BANCRI, BANEX, Bank Eskhata, BCB, Berendina Microfinance, BESA, BJS, Blago, BMT Kayu Manis, BMT Pringsewu, BPR AN, BPR Aditama Arta, BPR Artadamas Mandiri, BPR BBTM, BPR DMG, BPR Eka Ayu, BPR Eka Usaha, BPR Hitamajaya, BPR NSI, BPR SKA, BPR Surya Yudha Kencana, BPR Taman Dhana, BRCCC, BTA Bank, BZMF, Caja Depac Poblana, CAPA, Capitec Bank, CARD Bank, CARD NGO, Casa do Microcrédito, CBDIBA/RENACA, CCC, CECA, CEF, Centenary Bank, CEP, CEPRODEL, Chamroeun, CHF Iraq, Chita FSBS, CMAC Arequipa, CMAC Del Santa, CMAC Ica, CMAC Pisco, CMCA, CMEDFI, CMFinance, COAC Ambato, COAC Chone, COAC Fernando Daquilema, COAC Fondvida, COAC Kullki Wasi, COAC La Benéfica, COAC Luz del Valle, COAC MCCH, COAC Minga, COAC Mushuc Runa, COAC La Nacional, COAC Pallatanga, COAC San Antonio, COAC San José, COAC Santa Ana, Columbia Microcreditos, Coop Avances, Coop Juan XXIII,

COOPAC Chiquinquira, COOPAC Los Andes, COOPAC Norandino, COOPAC Santo Cristo, COOPAC Santo Domingo, CRAC Profinanzas, CRAC Señor de Luren, CRAC Sipán, CredAgro NBCO, Credi Fé, Credicoop, CREDIMUJER, Credisol, CREDO, Cresol Central, Crezcamos, CU Pantai Prigi, CU Sawiran, DEF, Doveriye - Volgograd, Doveriye (Amursk), Doveriye-Altay, Edinstvo Yurga, Edinstvo-Volgograd, EDPYME Acceso Crediticio, EDPYME Crear Arequipa, EDPYME Nueva Visión, EDPYME Pro Negocios, EDPYME Proempresa, EDPYME Raíz, Ehyoi kuhiston, EKI, Express Finance, Fácil SCM, Farm Credit Armenia, Fassil FFP, FICO, FIDERPAC, FIE Gran Poder, FinAgro, FinAmérica, FMF, FMM Bucaramanga, FOMIC, FONDESURCO, Fortaleza FFP, FORUS, FULM, FUNBODEM, Fundación CAMPO, Fundación Nieborowski, FUNDEBASE, FUNDECOCA, Fundusz Mikro, Galaktika, Gorodskoy, GV, Hluvuku, HOPE, Horizon, ICC MAUCE, IDER CV, ImerCredit, Impuls, INECO, Inicjatywa Mikro, INSOTEC, Interactuar, Interfisa Financiera, Jabal Al Hoss, Juaben RB, Kafo Jiginew, Kashf Foundation, Kashf Bank, Khan Bank, Komak Credit, KosInvest, Kredo, KSK RPK, KVK, KVK-Altay, La Community Bank, Lak Jaya, LAM, Life Bank, FAF-DC, Makhzoumi, MCN, MDF, MiBanco Venezuela, MicroCred - MEX, Coop MEDA, Microserfin, Microsol, Mikro ALDI, Mikrofond, Mikrokredit Bank, MLF Vahsh Microfin, MUL, Nachala, Nadejda, Narodniy Kredit_Kemerov, Neftegaz, New RB of Victorias, OBM, OBS, OMRO, Opportunity Albania, Opportunity Finance, PARC, Partner, Partner Russia, PATRA Hunchun,

Popular Kasa-Kystendil, Popular SAFI, PRESTANIC, ProCaja, ProCredit - ECU, ProCredit - GHA, ProCredit - HND, ProCredit Bank - ALB, ProCredit Bank - BGR, ProCredit Bank - BIH, ProCredit Bank - GEO, ProCredit Bank - KOS, ProCredit Bank - MKD, ProCredit Bank - ROM, ProCredit Bank - UKR, ProCredit Bank Serbia, PRODESA, Pushtikar, PWMACS, Raduga, RB Bagac, RB Cainta, RB Camalig, RB Digos, RB Dipolog, RB Lebak, RB Pagbilao, Reliance, Reserv-Altay, Rezerv, ROMCOM, Rost, Rus, WMN (Russia), Ryada, SBS, SCDA, Siam Bank, SINERGIJA, SOCIALCRED, PADECOMSM, SOCRED, Sodeystviye, Sodeystviye-2005, Sodruzhestvo, SOGESOL, Soglasiye, Soyuz-Khimik, SoyuzKredit, Soyuz-Primoroye, Stanichnik, TFS, TMFB, Tsaritsinskiy passaj, Tverskoy, Umid, VBSP, Vostok Kapital, VRFSBS, WWB Cali, Zakoura

ACEP Senegal, ACF, ACLEDA, ACSI, ADCSI, Aden, ADICH, ADOPEM, Agência do Crédito, AGAPE, Aqrarkredit, AGUDESA, A-invest, Aiyl Bank, Al Awael, Al Majmoua, Alidé, Alliance MFB, AMFI, AMK, AML, AMOS, AMRET, ANDE, ANED, Apoyo Integral, ASKI, Asociación El Balsamo, Asociación Raíz, ASODENIC, ASTI, AYNLA, Azal, Azercredit, Azeri Star, Bai Tushum, Banco Santiago de Libon, BanCovelo, BanGente, Bangko Kabayan, Bangko Mabuhay, BASIX, Bereke, BOM, BPR CAS, BPR NBP 11, BPR NBP 19, BPR NBP 2, BPR NBP 30, BPR SAS, BPR Wahana Sentra Artha, BRAC, BRAC - AFG, BRAC - UGA, BSS, CACMU, CAFODEC, Caja Popular Mexicana, CamCCUL, Cantilan Bank, CAPPED, CARE - CREEME, Caritas, Caritas Esteli, CCA, CDRO, CEADe, CEAPE BA, CEAPE MA, CEAPE PE, CEAPE PI, CEDEF, CEOSS, CEPESIU, CESOL ACJ, CETZAM, CHC-Limited, CIDRE, CMAC Sullana, COAC 4 de Octubre, COAC Acción Rural, COAC Artesanos, COAC Huaycopungo, COAC Padre Vicente, COAC Sac Aiet, COAC San Gabriel, COAC Santa Anita, CODESARROLLO, Contactar, COOPEC/ACCO, CRAN, CrediAmigo, CREDIT, Crystal, CVECA Kita/Bafoulabé, CWCD, DBACD, DECSI, Dian Mandiri, DINARI, D-Miro, DSPI, ECLOF - ARM, EDAPROSPO, EDPYME Credivisión, Elet-Capital, Emprender, Enda, Equity Bank, ESAF, ESED, FADEMYPE, FAFIDESS, FAIR Bank, FAM, FAMA OPDF, FAPE, FASL, FATEN, AfricaWorks, FDL, FIDEVIE, Financiera Edyficar, Financiera Fama, FINCA - ARM, FINCA - JOR, FINCA - PER, FINCA - Russia, FINCORP, FinDev, FINSOL, First Macro Bank, FMFB - TJK, FODEM, FODEMI,

Page 51: 2008 MFI Benchmarks

DATA QUALITY †PEER GROUP N * ** ***

Methodology: Solidarity 67 20 45 2

Methodology: Village Banking 59 11 43 5

Outreach: Small (Number of Borrowers < 10,000) 553 238 289 26

FONCRESOL, FONDEP, FUBODE, FUCEC Togo, FUDEMI, Fundación 4i-2000, Fundación Alternativa, Fundación Esperanza, Fundación MICROS, Fundación Paraguaya, FUNDAHMICRO, FUNDAMIC, FUNDEA, FUNDEPYME, FUNDESPE, FUNSALDE, Génesis Empresarial, GM Bank, Grameen Mendoza, Grameen Sahara, Green Bank, Harbu, HDH OPDF, HKL, Hofokam, Horizonti, HSPFI, ICC BluSol, ICC Conquista Solidária, IDESPA, IDF, ID-Ghana, IDH, IMFB, Imkoniyat, Imodi Hutal, INMAA, Instituto Estrela, IPR, Izdiharona Microfinance, KBank, KBSLAB, KEP, KixiCredito, KMF, Kompanion, K-Rep, KSF, KWFT, LAPO-NGR, Lazika Capital, Lead Foundation, LIDER, LSK, MADRAC, Mallig Plains RB, Marang, MED-Net, Meklit, MiBanco, Microfinanciera Prisma, MIDE, Miselini, MLF MicroInvest, MLO HUMO, Mol Bulak Finance, Moris Rasik, MUDE, MUSCCO, Mutuelle Akwaba, NMF, NMFB, Normicro, Nwabiagya RB, Nyesigiso, ODEF Financiera, OIBM, OISL, OLC, OMB, Opportunity Kenya, OXUS - AFG, OXUS - KGS, OXUS - TJK, Parabank, Parwaz, PASED, PAWDEP, PRASAC, PRIDE - TZA, Pride Finance, PRODEM FFP, Progressive Bank, Pro Mujer - NIC, RADE, RB Liloy, RB Mabitac, RB Oroquieta, RB Placer, RB Siargao, RCCECG, RCPB, Real Microcrédito, Reef, RSPI, Sajida, Sathapana Limited, SB Bank, SBACD, SCNL, SEAP, SEDA, Seilanithih, SFF, SFSD, Mentors - PER, SFPL, SWAWS, TLM, TPC, TSKI, Tujijenge, TYM, UCADE Guaranda, UCADE Latacunga, UCCEC GY, UCEC/MK, UNICREICH, UNION DES COOPECs UMUTANGUHA, USTOI, Finance Trust, VFC, VFM, Viator, WAGES, Wisdom, World Relief - HND

ABS-CBN, ABWA, Abyan, Adhikar, ARDCI, Arohan, Asasah, AWS, BEES, Bessfa RB, BG, BIMAS, Bonzali RB, BRAC - LKA, CBB, CEP BRVT, CEVI, CFA, CFF, Childfund Hoa Binh, CrediComún, CSD, DQF, Equitas, Eshet, Fonkoze, FORWARD, IDDA, IDYDC, Jamii Bora, JVS, Kakum RB, KAMURJ, KGMAMF, KMBI, KRK Ltd, M7 Can Loc, M7 DB District, M7 Dong Trieu, M7 Mai Son, M7 Ninh Phuoc, Maata-N-Tudu, Madfa SACCO, Mahuli, Manushi, MLF Chiluchor chashma, MLF MWI, MMS, NCS, NESDO, NRDSC, Faulu - TZA, PALFSI, PBC, Plan International, Povoljye, RASS, RB Montevista, RB Talisayan, São Paulo Confia, SABR, SEF-ZAF, Serviamus, SPBD, SSS, Union RB, VFS

ADRA - PER, AgroCapital, Alternativa Microfinanzas, AMMACTS, ASA, ASEI, ASIDME, Asociación Arariwa, Atwima Kwanwoma, BISWA, BWDC, COOPROGRESO, CReSA, CUMO, Diaconia, EDPYME Confianza, FED, FIACG, FINCA - AZE, FINCA - ECU, FINCA - HTI, FINCA - KOS, FINCA - MWI, FINCA - TJK, FINCA - TZA, FINCA - UGA, FINCA - ZMB, FMCC, FONDECO, Fondo Esperanza, Fundación Espoir, Fundación Mujer, GRAINE sarl, GU, Hekima, Indur MACS, Janodaya, KOPSA, KRUSHI, Manuela Ramos, MEDF, MFI, Mimo Finance, NBJK, Nidan, Pro Mujer - ARG, Pro Mujer - BOL, RAFODE, REDFunds, RGVN, Saadhana, Sarvodaya Nano Finance, SEEDS, SKDRDP, SMSS, South Akim RB, SSK, UCADE Ambato, Upper Manya RB

1st MCC, 3A Entreprises, A3C, Abyan, Abzal Kredit, ACAD, ACB sa, ACCOVI, ACEP Cameroon, ACF, ACORDE, Actuar Caldas, Actuar Tolima, Aden, ADICH, ADIM, ADRI, Aetos, AFK, AFODENIC, Agência do Crédito, AGAPE, Aqrarkredit, Agrocredit Plus, Agroimpuls, AGUDESA, A-invest, Akuapem RB, Al Awael, Al Rafah Bank, Alidé, Alliance Group, Alliance MFB, Alternativa, Alternativa 19 del Sur, Alternativa Microfinanzas, Alteya, Al-Thiqa, AMA, AMC, AMEXTRA, AMfB, AMFI, Amlok, AMOS, ANED, Aqroinvest, Arnur Credit, ASALA, ASDIR, ASEI, ASIDME, Asociación El Balsamo, ASOPROSANRAMON, ASR, ASTI, ATEMEXPA, Avantaj, Avanzar, Azal, Azeri Star, Banco da Familia, Banco do Empreendedor, Rede Novo Sol, Banco do Vale, BANCRI, Bangko Kabayan, Bangko Luzon, Bangko Mabuhay, BAYOCA, BCB, Bereke, Bereke-credit, BFSBS, BIMAS, Binhminh CDC, BJS, Blago, BMSCCSL, BMT Pringsewu, BOM, Borshud, BPR AN, BPR Aditama Arta, BPR AK, BPR Artadamas Mandiri, BPR BBTM, BPR CAS, BPR DMG, BPR Eka Ayu, BPR Eka Usaha, BPR Hitamajaya, BPR NBP 19, BPR NBP 2, BPR NBP 30, BPR NSI, BPR Pinang Artha, BPR PKT, BPR SAS, BPR Sukawati Pancakanti, BPR SKA, BPR Taman Dhana, BPR Wahana Sentra Artha, BRCCC, BZMF, CACMU, CAFASA, Caja Depac Poblana, CAPA, CAPPED, CARE - CREEME, Caritas Esteli, Casa do Microcrédito, CBIRD, CBMO, CCC, CDM, CDRO, CEADe, CEAPE BA, CEAPE PE, CEAPE PI, CECA, CECIC S.A., CEC-PROM Mature, CEDEF, CEF, CEP BRVT, CEP Long An, CEPESIU, CESOL ACJ, CETZAM, CFE, CFF, Chamroeun, Chandeshwori, Childfund Hoa Binh, Chita FSBS, CHWDA, CIDRE, CMAC Pisco, CMCA, CMEDFI, CMMB, COAC 4 de Octubre, COAC Acción Rural, COAC Ambato, COAC Artesanos, COAC Chone, COAC Fernando Daquilema,

COAC Fondvida, COAC Huaycopungo, COAC Kullki Wasi, COAC La Benéfica, COAC Luz del Valle, COAC MCCH, COAC Minga, COAC Padre Vicente, COAC Pallatanga, COAC Sac Aiet, COAC San Antonio, COAC San Gabriel, COAC San José, COAC Santa Ana, COAC Santa Anita, Columbia Microcreditos, Common Interest, Coop Avances, Coop Fátima, Coop Juan XXIII, COOPAC Chiquinquira, COOPAC Los Andes, COOPAC Norandino, COOPAC Santo Domingo, COOPAC Tocache, COOPEC Hinfani Dosso, COOPEC/ACCO, COOPEDU-Kigali, COSPEC, CPECG Yete Mali, CRAC Sipán, CRAN, CrediAvance, Credicoop, CREDIMUJER, Credisol, Credit Mongol, CREDITUYO, Crezcamos, CRG, Crystal, CU Kosayu, CU Pantai Prigi, CU Sawiran, CVECA Kita/Bafoulabé, CVECA Pays Dogon, CVECA SOUM, CWCD, CZWSDA, DAYAQ-Credit, Degaf, Despacho Amador, DINARI, Dirigible, DJOMEC, DSK Dobrich, Doveriye - Volgograd, Doveriye (Amursk), Doveriye- Bulgaria, Doveriye-Altay, DQF, ECLOF - ARM, ECLOF - ECU, ECLOF - PHL, EDAPROSPO, Edinstvo Yurga, Edinstvo-Volgograd, EDPYME Acceso Crediticio, EDPYME Pro Negocios, Ehyoi kuhiston, Elet-Capital, Emprender, Espacios Alternativos, Crezkamos Kapital, Express Finance, Fácil SCM, FACES, FADEMYPE, FAM, FAPE, Farm Credit Armenia, FATEN, AfricaWorks, FDM, FFECC, FIACG, FIDERPAC, FIDEVIE, FIE Gran Poder, FinAgro, FINCA - JOR, FINCORP, FinDev, FINORTE, First Macro Bank, Emprenda, FISUR, FNT Credit, FODEM, FOMIC, FONCRESOL, FONDESURCO, Fortaleza FFP, FOVIDA, FUDEMI, FULM, FUNBODEM, Fund for Women Development - HCM, Fundación 4i-2000, Fundación Alternativa, Fundación Amanecer, Fundación CAMPO, Fundación MICROS,

Fundación Mujer, FUNDAMIC, FUNDEBASE, FUNDECOCA, FUNDEPYME, FUNDESPE, FUNHAVI, FUNSALDE, FVP, Galaktika, Garant-Invest, Gasha, General Toshevo, GGEM Microfinance Services Ltd., Gorodskoy, Grameen Mendoza, Grameen Sahara, Grupo Río La Venta, Hekima, HDH OPDF, Hluvuku, HOPE, Hope for Life, Horizon, Horizonti, ICC BluSol, ICC Conquista Solidária, ICC MAUCE, ICMFB, IDEPRO, IDER CV, IDESI Lambayeque, IDESPA, ID-Ghana, IDH, IDYDC, IFDP, ImerCredit, Imkoniyat, Imodi Hutal, IMPRO, Impuls, Inicjatywa Mikro, INSOTEC, Instituto Estrela, Intellekt, Invest Credit, Invest-Credit Moldova, IPR, Izdiharona Microfinance, Jabal Al Hoss, Joldosh Group, JOVID, Juaben RB, JXWDA, Kakum RB, Kajnardza 96, Kemek, KGMAMF, KixiCredito, Komak Credit, KosInvest, KPOSB, Kredo, KRK Ltd, KSF, KSK RPK, KVK, KVK-Altay, La Community Bank, LAM, LAPO-SLE, Lazika Capital, Letta, LIDER, LSK, M7 Can Loc, M7 DB District, M7 DBP City, M7 Dong Trieu, M7 Mai Son, M7 Ninh Phuoc, M7 Uong bi, Madfa SACCO, FAF-DC, Makhzoumi, Manushi, Maqsadi dasgiri, Maritsa Invest, Mbinga CB, MCL, MCN, MCO 'Oral', MDF, MEC AFER, MEC FEPRODES, MECBAS, MECREF, MEDF, MED-Net, MGPCC DEKAWOWO, MiBanco Venezuela, Micro Africa, MicroCred - MDG, MicroCred - MEX, MicroCred - SEN, Micredito SAC, Microfinanciera Prisma, Microinvest, Microserfin, Microsol, MIDE, Mikro ALDI, Mikrofond, MikroMaliyye Credit, Miziya, MLF Chiluchor chashma, MLF Kiropol, MLF Madina, MLF Vahsh Microfin, MLO HUMO, MLO 'Saodat Invest', MAMIDECOT, MMS, Mol Bulak Finance, Moldir, Momina Voda, Moznosti,

MUDE, MUL, Mutuelle Akwaba, Nachala, Nadejda, Nadejda 96, Narodniy Kredit_Kemerov, NBJK, NCS, Neftegaz, NeRuDO, NESDO, New RB of Victorias, NMFB, Nov Credit, NSBA, Nwabiagya RB, NYWDA, Obereg (Vladivostok), OBS, Faulu - TZA, OI China, OLC, OMRO, Oportunidad Microfinanzas, Opportunity Finance, Otiv Diana, Otiv Sambava, Otuasekan RB, OXUS - KGS, OXUS - TJK, Parabank, PARC, Partner Russia, Parwaz, PASECA - Kayes, PASED, PATRA Hunchun, PATRA Yanbian, PCWDA, Perelik, Plan International, PNG Microfinance Ltd, Pomoriiski stopanin, Popular Kasa-Kystendil, Popular SAFI, Povoljye, Pride Finance, ProCaja, ProCredit - COL, ProCredit - HND, ProCredit Bank - MDA, ProCredit Bank - SLE, ProCredit Bank- DRC, Progresar, Pro Mujer - ARG, Pushtikar, Raduga, RAFODE, RB Cainta, RB Cotabato, RB Digos, RB Lebak, RB Liloy, RB Oroquieta, RB Pagbilao, RB Placer, RB Siargao, RCCECG, Red de Vanguardia, REDFunds, Reef, Reliance, Reserv-Altay, Rezerv, Rishenglong, Riverbank, RML, ROMCOM, Rost, Rus, WMN (Russia), Ryada, São Paulo Confia, SABR, Saglasie 96, Sahara Mahila, Samasta, Samokov 96, Sartawi, SBS, SCDA, SED, SEF-ARM, Seilanithih, SEM Fund, SemiSol, Serviamus, SEWA Finance, SFSD, Siam Bank, SIPEM, Smilyan, SOCIALCRED, PADECOMSM, SOCRED, Sodeystviye, Sodeystviye-2005, Sodruzhestvo, SOFINA, Soglasiye, Solidarnost, Solución Asea, Soluciones Reales, South Akim RB, Soyuz-Khimik, SoyuzKredit, Soyuz-Primoroye, SPBD, SPGBB, SSK, Stanichnik, Stopanin, Sugd Microfin, SUMI, Sungi, Mentors - PER, SFPL, TFS, TIAVO, Tsaritsinskiy passaj,

Page 52: 2008 MFI Benchmarks

DATA QUALITY †PEER GROUP N * ** ***

Outreach: Medium (Number of Borrowers ≥ 10,000 and ≤ 30,000) 241 56 158 27

Outreach: Large (Number of Borrowers > 30,000) 273 45 181 47

Profit Status: Profit 414 99 268 47

Tsimlyansk, Tujijenge, Tverskoy, UCADE Ambato, UCADE Guaranda, UCADE Latacunga, UCADE Santo Domingo, UCCEC GY, UMECDES, Umid, Umid-Credit, UNICREICH, UNION DES COOPECs UMUTANGUHA, Union RB, Upper Manya RB, USFSBS, USTOI, VFM, Viator, Vital Finance, Vivir Soluciones, Vostok Kapital, VRFSBS, VSSU, VYCCU, Nationwide Microbank, WISE, WKP, WOCCU - AFG, XXWDA, YYWDA

ABWA, ACEP Senegal, ACFB, ACME, ADRA - PER, AFS, AgroCapital, Agroinvestbank, Akiba, Al Karama, Al Majmoua, ALSOL, Alwatani, AMC de R.L., Ameen, AMSSF/MC, ANDE, APED, Apoyo Integral, APROS, ARD, ARDCI, AREGAK UCO, ARMP, ASA - GHA, Asasah, ASC Union, ASHI, Asociación Arariwa, Asociación Raíz, ASP Financiera, ASPIRE, Atwima Kwanwoma, AYNLA, Azercredit, Bai Tushum, Banco Amigo, Banco Santiago de Libon, BanCovelo, Bank Eskhata, Berendina Microfinance, BESA, Bonzali RB, BPR NBP 11, BPR Surya Yudha Kencana, BRAC - SS, BTA Bank, BWDC, CAFODEC, CCAMETRO, Cantilan Bank, Caritas, CAURIE Micro Finance, CBDIBA/RENACA, CEAPE MA, CEPRODEL, CEVI, CFA, CFPA, CHC-Limited, CHF Iraq, CMAC Del Santa, CMAC Maynas, CMAC Paita, COAC Jardín Azuayo, COCDEP, CODESARROLLO, Conserva, Contactar, Coop 20 de Abril, Coop Jesús Nazareno, COOPAC León XIII, COOPAC San Cristóbal, COOPAC San Martín, COOPAC Santa Maria, COOPAC Santo Cristo, COOPROGRESO, CRAC Los Andes, CRAC Profinanzas, Crece Safsa, CredAgro NBCO, CrediClub, CrediComún, Créditos Pronegocio, CREDO, CRYSOL, CSD, CUMO, DD Bank, DEF, Dian Mandiri, Don Apoyo, Duterimbere, EDPYME Alternativa, EDPYME Credivisión, EDPYME Nueva Visión, EKPA, ENLACE, Eshet,

FAFIDESS, FAMA OPDF, FASL, Fassil FFP, Faulu - UGA, FED, FFSA, FICO, FinAmigo, FINCA - ARM, FINCA - GEO, FINCA - HND, FINCA - HTI, FINCA - KOS, FINCA - MWI, FINCA - NIC, FINCA - PER, FINCA - Russia, FINCA - SLV, FINCA - TJK, FINCA - ZMB, FINSOL, FMF, FMFB - TJK, FMFI-SYR, FODEMI, FONDECO, FONDESOL, Fondo Esperanza, Fonkoze, Forjadores de Negocios, FORUS, FRAC, FUBODE, Fundación Esperanza, Fundación León 2000, Fundación Nieborowski, FUNDAHMICRO, FUNDEA, FUNDENUSE, Fundusz Mikro, FUNED, GAWFA, GCM, GM Bank, GRAINE sarl, Harbu, Hofokam, HSPFI, IDDA, IMFB, IMON, Indur MACS, INMAA, Invirtiendo, Janodaya, Jigiyaso Ba, JSC Bank Constanta, JVS, KADET, KAMURJ, Kasagana-Ka, Kashf Bank, Kazama Grameen, KBank, KCCDFI, KEP, KMF, Kondo Jigima, KOPSA, Maata-N-Tudu, MADRAC, Mahuli, Mallig Plains RB, Manuela Ramos, Marang, MC², Meklit, MEMCO, Micro Start, Coop MEDA, MIKRA, Miselini, MLF MicroInvest, MLF MWI, MoFAD, Moris Rasik, MPGBB, NEED, Nidan, NMF, Normicro, NovoBanco - MOZ, NRDSC, Nyesigiso, ODEF Financiera, OMB, Opportunity Albania, Opportunity Kenya, Otiv Alaotra, Otiv Tana, OXUS - AFG, PAIDEK, PALFSI, PAPME, PEACE, PR Bank, PRESTANIC, PRISMA, ProCredit - GHA, ProCredit - MDA, PRODESA, Progresemos, Progressive Bank, Pro Mujer - MEX, Pro Mujer - NIC, RADE, RB Camalig, RB Mabitac, RB Montevista, RB Talisayan, RSPI, SBACD, SEDA, SEWA Bank, SFPI, SINERGIJA, SOGESOL, Sunrise, Tchuma, Te Creemos, Turame Community Finance, UCEC/MK, U-IMCEC, UNRWA, Finance Trust, Valiant RB, WAGES, Women for Women, World Relief - HND, WSE, WWI - AFG

1st Valley Bank, ABA, ABCRDM, ABS-CBN, ACBA, AccessBank, ACLEDA, ACSI, ADCSI, Adhikar, ADOPEM, AgroInvest, Aiyl Bank, Al Amana, Al Tadamun, AMK, AML, AMMACTS, AMRET, Apoyo Económico, ARDI, Arohan, ASA, ASA Philippines, ASBA, ASKI, ASODENIC, ASUSU CIIGABA, AWS, Azerdemiryolbank, Bancamía, Banco ADEMI, Banco Familiar, Banco Popular do Brasil, Banco Solidario, BancoEstado, BancoSol, Bandhan, BANEX, BanGente, Bank of Baku, BASIX, BCSC, BEES, Bessfa RB, BFL, BG, BISWA, BRAC, BRAC - AFG, BRAC - LKA, BRAC - TZA, BRAC - UGA, BSS, BURO Bangladesh, Caja Popular Mexicana, CamCCUL, CAME, Capitec Bank, CARD Bank, CARD NGO, Cashpor MC, CBB, CCA, CDS, Centenary Bank, Central Cresol Baser, CEOSS, CEP, CMAC Arequipa, CMAC Cusco, CMAC Huancayo, CMAC Ica, CMAC Piura, CMAC Sullana, CMAC Tacna, CMAC Trujillo, CMFinance, CMS, COAC Mushuc Runa, COAC La Nacional, CompartamosBanco, Comultrasan, CRAC Nuestra Gente, CRAC Señor de Luren, CRECER, Credi Fé, CrediAmigo, Credi-Capital, Crediscotia, CREDIT, CReSA, Cresol Central, DAMEN, DBACD, DEC, DECSI, DEPROSC-Nepal, Diaconia, D-Miro, DSPI, EcoFuturo FFP, EDPYME Confianza, EDPYME Crear Arequipa, EDPYME Efectiva, EDPYME Proempresa, EDPYME Raíz, EKI, Enda, Equitas, Equity Bank, ESAF, ESED, FAIR Bank, Faulu - KEN, FBPMC, FDL, FECECAM, FIE FFP, FIELCO, FinAmérica, Financiera Edyficar, Financiera Fama, Financiera Independencia,

FINCA - AFG, FINCA - AZE, FINCA - DRC, FINCA - ECU, FINCA - GTM, FINCA - MEX, FINCA - TZA, FINCA - UGA, FinComún, FMCC, FMFB - AFG, FMFB - Pakistan, FMM Bucaramanga, FMM Popayán, FMSD, FONDEP, FORWARD, FUCEC Togo, Fundación Espoir, Fundación Paraguaya, FUNDESER, Génesis Empresarial, GBNB, GFSPL, GOF, Grameen Bank, Green Bank, GU, GV, HEED, HiH, HKL, IDF, INECO, Interactuar, Interfisa Financiera, Jamii Bora, JCF, Kafo Jiginew, Kashf Foundation, KBSLAB, Khan Bank, Khushhali Bank, KMB, KMBI, Kokari, Kompanion, K-Rep, KRUSHI, KWFT, Lak Jaya, LAPO-NGR, Lead Foundation, Life Bank, LOK Microcredit Foundation, Mahasemam, MBK Ventura, MFI, MFW, MGBB, MiBanco, MI-BOSPO, Mikrokredit Bank, Mimo Finance, MUSCCO, Nirdhan, NWTF, OBM, OCSSCO, OIBM, OISL, PADME, PAMECAS, Partner, PAWDEP, PBC, PGBB, PRASAC, PRIDE - TZA, PRIZMA, ProCredit - BOL, ProCredit - ECU, ProCredit - NIC, ProCredit - SLV, ProCredit Bank - ALB, ProCredit Bank - BGR, ProCredit Bank - BIH, ProCredit Bank - GEO, ProCredit Bank - KOS, ProCredit Bank - MKD, ProCredit Bank - ROM, ProCredit Bank - UKR, ProCredit Bank Serbia, PRODEM FFP, Pro Mujer - BOL, Pro Mujer - PER, PWMACS, RASS, RCPB, Real Microcrédito, RGVN, Saadhana, Sabaragamuwa, Sajida, Sanghamithra, Sarala, Sarvodaya Nano Finance, SAT, Sathapana Limited, SB Bank, SCNL, SDBL, SEAP, SEEDS, SEF-ZAF, SFF, Shakti, SHARE, SKDRDP, SKS, SMEP, SMILE, SMSS, SolFi, Sonata, Soro Yiriwaso, Spandana, SSS, SU, SWAWS, Tamweelcom, TMFB, TPC, Trident Microfinance, TSKI, TYM, Ujjivan, UNACOOPEC-CI, UOB, VBSP, VFC, VFS, Visión Banco, Wasasa, WDB, Wisdom, WWB Cali, XacBank, Zakoura

1st MCC, 1st Valley Bank, 3A Entreprises, Abzal Kredit, ACB sa, ACBA, AccessBank, ACCOVI, ACLEDA, ACLEDA Lao, ACSI, ADCSI, ADOPEM, Aqrarkredit, AgroInvest, Agroinvestbank, A-invest, Aiyl Bank, Akiba, Akuapem RB, Al Rafah Bank, Alliance Group, Alliance MFB, Alternativa 19 del Sur, AMC de R.L., Ameen, AMfB, AMK, AML, Amlok, AMRET, Apoyo Económico, Apoyo Integral, AREGAK UCO, Arnur Credit, Arohan, ASP Financiera, ASUSU CIIGABA, Atwima Kwanwoma, AWS, Azerdemiryolbank, Bancamía, Banco ADEMI, Banco Amigo, Banco Familiar, Banco Popular do Brasil, Banco Santiago de Libon, Banco Solidario, BancoEstado, BancoSol, BanCovelo, Bandhan, BANEX, BanGente, Bangko Kabayan, Bangko Luzon, Bangko Mabuhay, Bank Eskhata, Bank of Baku, BASIX, BAYOCA, BCB, BCSC, Bereke-credit, Berendina Microfinance, Bessfa RB, BFL, BG, BMT Pringsewu, BOM, Bonzali RB, BPR AN, BPR Aditama Arta, BPR AK, BPR Artadamas Mandiri, BPR BBTM, BPR BKK Cilacap, BPR CAS, BPR Citama, BPR DMG, BPR Eka Ayu, BPR Eka Usaha, BPR Hitamajaya, BPR NBP 11, BPR NBP 19, BPR NBP 2, BPR NBP 30, BPR NSI, BPR Pinang Artha, BPR PKT, BPR SAS, BPR Sukawati Pancakanti, BPR SKA, BPR Surya Yudha Kencana, BPR Taman Dhana, BPR Wahana Sentra Artha, BTA Bank, CAFASA, CAFODEC, Cantilan Bank, Capitec Bank, CARD Bank, CAURIE Micro Finance, CBB, CBIRD, CBMO, CCA, CDS, CECIC S.A., Centenary Bank, CETZAM, CFE, CHC-Limited, CMFinance, Columbia Microcreditos, CompartamosBanco, CRAC Los Andes, CRAC Nuestra Gente, CRAC Profinanzas, CRAC Señor de Luren, CRAC Sipán, Crece Safsa, Credi Fé, CrediAmigo, CrediAvance, Credi-Capital, CrediClub, CrediComún, Crediscotia, CREDIT, Credit Mongol, Créditos Pronegocio, CREDITUYO, Crezcamos, CRG, Crystal, CU Kosayu, CU Pantai Prigi,

Page 53: 2008 MFI Benchmarks

DATA QUALITY †PEER GROUP N * ** ***

Profit Status: Not for Profit 665 242 368 55

DD Bank, DECSI, Degaf, Despacho Amador, Dirigible, Don Apoyo, Duterimbere, ECLOF - ARM, EcoFuturo FFP, EDPYME Acceso Crediticio, EDPYME Alternativa, EDPYME Confianza, EDPYME Crear Arequipa, EDPYME Credivisión, EDPYME Efectiva, EDPYME Nueva Visión, EDPYME Pro Negocios, EDPYME Proempresa, EDPYME Raíz, Elet-Capital, ENLACE, Equitas, Equity Bank, Eshet, Crezkamos Kapital, Fácil SCM, FAIR Bank, Farm Credit Armenia, FASL, Fassil FFP, Faulu - UGA, FFSA, FICO, FIE FFP, FIE Gran Poder, FIELCO, FinAgro, FinAmérica, FinAmigo, Financiera Edyficar, Financiera Fama, Financiera Independencia, FINCA - AZE, FINCA - ECU, FINCA - HND, FINCA - Russia, FINCA - TJK, FINCA - UGA, FINCA - ZMB, FinComún, FINCORP, FINORTE, FINSOL, First Macro Bank, Emprenda, FISUR, FMCC, FMFB - AFG, FMFB - Pakistan, FMFB - TJK, Forjadores de Negocios, Fortaleza FFP, FORUS, Garant-Invest, GAWFA, GBNB, GCM, GFSPL, GM Bank, GOF, GRAINE sarl, Grameen Bank, Green Bank, Grupo Río La Venta, GV, Harbu, HKL, Horizon, ICMFB, IFDP, IMFB, IMON, INECO, Inicjatywa Mikro, Interfisa Financiera, Invest Credit, Invest-Credit Moldova, Invirtiendo, IPR, Jamii Bora, Joldosh Group, JSC Bank Constanta, Juaben RB, JVS, KADET, Kakum RB, Kashf Bank, KBank, KBSLAB, Kemek, Khan Bank, Khushhali Bank, KixiCredito, KMB, KMF, Komak Credit, KPOSB, K-Rep, KWFT, La Community Bank, Lak Jaya, LAM, LAPO-SLE, Letta, Mahila, Mallig Plains RB, Maqsadi dasgiri, Maxima, Mbinga CB, MCL, MCN, MCO 'Oral', Meklit, MFI, MGBB, MiBanco, MiBanco Venezuela, Micro Africa, MicroCred - MDG, MicroCred - MEX, MicroCred - SEN, Micredito SAC, Microfinanciera Prisma, Microinvest, Microserfin, Mikrofond, Mikrokredit Bank, Mimo Finance, MLO HUMO, MLO 'Saodat Invest', Mol Bulak Finance, Moldir, MPGBB, MUL, New RB of Victorias, Nirdhan, NMFB,

NovoBanco - MOZ, Nwabiagya RB, OBM, OBS, OCSSCO, ODEF Financiera, OI China, OIBM, OISL, OMB, Oportunidad Microfinanzas, Opportunity Finance, Opportunity Kenya, Otuasekan RB, OXUS - KGS, Parabank, PBC, PEACE, PGBB, PNG Microfinance Ltd, POMFB, Popular SAFI, PR Bank, PRASAC, ProCredit - BOL, ProCredit - COL, ProCredit - ECU, ProCredit - GHA, ProCredit - HND, ProCredit - MDA, ProCredit - NIC, ProCredit - SLV, ProCredit Bank - ALB, ProCredit Bank - BGR, ProCredit Bank - BIH, ProCredit Bank - GEO, ProCredit Bank - KOS, ProCredit Bank - MDA, ProCredit Bank - MKD, ProCredit Bank - ROM, ProCredit Bank - SLE, ProCredit Bank - UKR, ProCredit Bank- DRC, ProCredit Bank Serbia, PRODEM FFP, Progresemos, Progressive Bank, RB Bagac, RB Cainta, RB Camalig, RB Cotabato, RB Digos, RB Dipolog, RB Guinobatan, RB Lebak, RB Liloy, RB Mabitac, RB Montevista, RB Oroquieta, RB Pagbilao, RB Placer, RB San Jacinto, RB Siargao, RB Solano, RB Talisayan, Real Microcrédito, Red de Vanguardia, REDFunds, Reef, Reliance, Rishenglong, RML, WMN (Russia), Sabaragamuwa, Samasta, Sarvodaya Nano Finance, Sathapana Limited, SB Bank, SCNL, SDBL, SED, SEF-ARM, Seilanithih, SemiSol, SEWA Bank, SEWA Finance, SFF, SFPI, SHARE, Siam Bank, SIPEM, SKS, SOCIALCRED, PADECOMSM, SOCRED, SOFINA, SOGESOL, SolFi, Solución Asea, Soluciones Reales, Sonata, South Akim RB, Spandana, SPGBB, SUMI, SFPL, Te Creemos, TFS, TMFB, TPC, Trident Microfinance, Tujijenge, Turame Community Finance, Ujjivan, Umid-Credit, UNICREICH, Union RB, Upper Manya RB, Finance Trust, Valiant RB, VFC, VFS, Visión Banco, Vivir Soluciones, Wasasa, Nationwide Microbank, WDB, WISE, XacBankk

A3C, ABA, ABCRDM, ABS-CBN, ABWA, Abyan, ACAD, ACEP Cameroon, ACEP Senegal, ACF, ACFB, ACME, ACORDE, Actuar Caldas, Actuar Tolima, Aden, Adhikar, ADICH, ADIM, ADRA - PER, ADRI, Aetos, AFK, AFODENIC, AFS, Agência do Crédito, AGAPE, AgroCapital, Agrocredit Plus, Agroimpuls, AGUDESA, Al Amana, Al Awael, Al Karama, Al Majmoua, Al Tadamun, Alidé, ALSOL, Alternativa, Alternativa Microfinanzas, Alteya, Al-Thiqa, Alwatani, AMA, AMC, AMEXTRA, AMFI, AMMACTS, AMOS, AMSSF/MC, ANDE, ANED, APED, APROS, Aqroinvest, ARD, ARDCI, ARDI, ARMP, ASA, ASA - GHA, ASA Philippines, ASALA, Asasah, ASBA, ASC Union, ASDIR, ASEI, ASHI, ASIDME, ASKI, Asociación Arariwa, Asociación El Balsamo, Asociación Raíz, ASODENIC, ASOPROSANRAMON, ASPIRE, ASR, ASTI, ATEMEXPA, Avantaj, Avanzar, AYNLA, Azal, Azercredit, Azeri Star, Bai Tushum, Banco da Familia, Banco do Empreendedor, Banco do Povo ACP, Rede Novo Sol, Banco do Vale, BANCRI, BEES, Bereke, BESA, BFSBS, BIMAS, Binhminh CDC, BISWA, BJS, Blago, BMSCCSL, BMT Kayu Manis, Borshud, BRAC, BRAC - AFG, BRAC - LKA, BRAC - SS, BRAC - TZA, BRAC - UGA, BRCCC, BSS, BURO Bangladesh, BWDC, BZMF, CACMU, Caja Depac Poblana, Caja Popular Mexicana, CamCCUL, CAME, CCAMETRO, CAPA, CAPPED, CARD NGO, CARE - CREEME, Caritas, Caritas Esteli, Casa do Microcrédito, Cashpor MC, CBDIBA/RENACA, CCC, CDM, CDRO, CEADe, CEAPE BA, CEAPE MA,

CEAPE PE, CEAPE PI, CECA, CEC-PROM Mature, CEDEF, CEF, Central Cresol Baser, CEOSS, CEP, CEP BRVT, CEP Long An, CEPESIU, CEPRODEL, CESOL ACJ, CEVI, CFA, CFF, CFPA, Chamroeun, Chandeshwori, CHF Iraq, Childfund Hoa Binh, Chita FSBS, CHWDA, CIDRE, CMAC Arequipa, CMAC Cusco, CMAC Del Santa, CMAC Huancayo, CMAC Ica, CMAC Maynas, CMAC Paita, CMAC Pisco, CMAC Piura, CMAC Sullana, CMAC Tacna, CMAC Trujillo, CMCA, CMEDFI, CMMB, CMS, COAC 4 de Octubre, COAC Acción Rural, COAC Ambato, COAC Artesanos, COAC Chone, COAC Fernando Daquilema, COAC Fondvida, COAC Huaycopungo, COAC Jardín Azuayo, COAC Kullki Wasi, COAC La Benéfica, COAC Luz del Valle, COAC MCCH, COAC Minga, COAC Mushuc Runa, COAC La Nacional, COAC Padre Vicente, COAC Pallatanga, COAC Sac Aiet, COAC San Antonio, COAC San Gabriel, COAC San José, COAC Santa Ana, COAC Santa Anita, COCDEP, CODESARROLLO, Common Interest, Comultrasan, Conserva, Contactar, Coop 20 de Abril, Coop Avances, Coop Fátima, Coop Jesús Nazareno, Coop Juan XXIII, COOPAC Chiquinquira, COOPAC León XIII, COOPAC Los Andes, COOPAC Norandino, COOPAC San Cristóbal, COOPAC San Martín, COOPAC Santa Maria, COOPAC Santo Cristo, COOPAC Santo Domingo, COOPAC Tocache, COOPEC Hinfani Dosso, COOPEC/ACCO, COOPEDU-Kigali, COOPROGRESO, COSPEC, CPECG Yete Mali, CRAN, CRECER, CredAgro NBCO, Credicoop, CREDIMUJER, Credisol, CREDO, CReSA, Cresol Central, CRYSOL, CSD, CU Sawiran, CUMO, CVECA Kita/Bafoulabé, CVECA Pays Dogon, CVECA SOUM, CWCD, CZWSDA, DAMEN, DAYAQ-Credit, DBACD, DEC, DEF, DEPROSC-Nepal,

Diaconia, Dian Mandiri, DINARI, DJOMEC, DSK Dobrich, D-Miro, Doveriye - Volgograd, Doveriye (Amursk), Doveriye- Bulgaria, Doveriye-Altay, DQF, DSPI, ECLOF - ECU, ECLOF - PHL, EDAPROSPO, Edinstvo Yurga, Edinstvo-Volgograd, Ehyoi kuhiston, EKI, EKPA, Emprender, Enda, ESAF, ESED, Espacios Alternativos, Express Finance, FACES, FADEMYPE, FAFIDESS, FAM, FAMA OPDF, FAPE, FATEN, Faulu - KEN, FBPMC, AfricaWorks, FDL, FDM, FECECAM, FED, FFECC, FIACG, FIDERPAC, FIDEVIE, FINCA - AFG, FINCA - ARM, FINCA - DRC, FINCA - GEO, FINCA - GTM, FINCA - HTI, FINCA - JOR, FINCA - KOS, FINCA - MEX, FINCA - MWI, FINCA - NIC, FINCA - PER, FINCA - SLV, FINCA - TZA, FinDev, FMF, FMFI-SYR, FMM Bucaramanga, FMM Popayán, FMSD, FNT Credit, FODEM, FODEMI, FOMIC, FONCRESOL, FONDECO, FONDEP, FONDESOL, FONDESURCO, Fondo Esperanza, Fonkoze, FORWARD, FOVIDA, FRAC, FUBODE, FUCEC Togo, FUDEMI, FULM, FUNBODEM, Fund for Women Development - HCM, Fundación 4i-2000, Fundación Alternativa, Fundación Amanecer, Fundación CAMPO, Fundación Esperanza, Fundación Espoir, Fundación León 2000, Fundación MICROS, Fundación Mujer, Fundación Nieborowski, Fundación Paraguaya, FUNDAHMICRO, FUNDAMIC, FUNDEA, FUNDEBASE, FUNDECOCA, FUNDENUSE, FUNDEPYME, FUNDESER, FUNDESPE, Fundusz Mikro, FUNED, FUNHAVI, FUNSALDE, FVP, Génesis Empresarial, Galaktika, Gasha, General Toshevo, GGEM Microfinance Services Ltd., Gorodskoy, Grameen Mendoza, GU, HEED, Hekima, HDH OPDF, HiH, Hluvuku, Hofokam, HOPE, Hope for Life, Horizonti, HSPFI, ICC BluSol, ICC Conquista Solidária, ICC MAUCE, IDDA, IDEPRO, IDER CV, IDESI Lambayeque, IDESPA, IDF, ID-Ghana, IDH, IDYDC, ImerCredit, Imkoniyat, Imodi Hutal, IMPRO, Impuls, Indur MACS, INMAA, INSOTEC, Instituto Estrela, Intellekt, Interactuar, Izdiharona Microfinance, Jabal Al Hoss, Janodaya, JCF, Jigiyaso Ba,

Page 54: 2008 MFI Benchmarks

DATA QUALITY †PEER GROUP N * ** ***

Region: Africa (Sub - Saharan Africa) 195 62 130 3

Region: Asia (South & East Asia) 283 91 183 9

Region: ECA (Eastern Europe & Central Asia) 217 96 106 15

JOVID, JSCCS, JXWDA, Kafo Jiginew, KAMURJ, Kasagana-Ka, Kashf Foundation, Kajnardza 96, Kazama Grameen, KCCDFI, KEP, KGMAMF, KMBI, Kokari, Kompanion, Kondo Jigima, KOPSA, KosInvest, Kredo, KRK Ltd, KRUSHI, KSF, KSK RPK, KVK, KVK-Altay, LAPO-NGR, Lazika Capital, Lead Foundation, LIDER, Life Bank, LOK Microcredit Foundation, LSK, M7 Can Loc, M7 DB District, M7 DBP City, M7 Dong Trieu, M7 Mai Son, M7 Ninh Phuoc, M7 Uong bi, Maata-N-Tudu, Madfa SACCO, MADRAC, FAF-DC, Mahasemam, Mahashakti, Mahuli, Makhzoumi, Manuela Ramos, Manushi, Marang, Maritsa Invest, MBK Ventura, MC², MDF, MEC AFER, MEC FEPRODES, MECBAS, MECREF, MEDF, MED-Net, MEMCO, MFW, MGPCC DEKAWOWO, MI-BOSPO, Micro Start, Coop MEDA, Microsol, MIDE, MIKRA, Mikro ALDI, MikroMaliyye Credit, Miselini, Miziya, MLF Chiluchor chashma, MLF Kiropol, MLF Madina, MLF MicroInvest, MLF MWI, MLF Vahsh Microfin, MAMIDECOT, MoFAD, Momina Voda, Moris Rasik, Moznosti, MUDE, MUSCCO, Mutuelle Akwaba, Nachala, Nadejda, Nadejda 96, Narodniy Kredit_Kemerov, NBJK, NCS, NEED, Neftegaz, NeRuDO, Nidan, NMF, Normicro, Nov Credit, NRDSC, NSBA, NWTF, Nyesigiso, NYWDA, Obereg (Vladivostok), Faulu - TZA, OLC, OMRO, Opportunity Albania, Otiv Alaotra, Otiv Diana, Otiv Sambava, Otiv Tana, OXUS - AFG, OXUS - TJK, PADME, PAIDEK, PALFSI, PAMECAS, PAPME, PARC, Partner, Partner Russia, Parwaz, PASECA - Kayes, PASED, PATRA Hunchun, PATRA Yanbian, PAWDEP, PCWDA, Perelik, Plan International, Pomoriiski stopanin, Popular Kasa-Kystendil, Povoljye,

PRESTANIC, PRIDE - TZA, Pride Finance, PRISMA, PRIZMA, ProCaja, PRODESA, Progresar, Pro Mujer - ARG, Pro Mujer - BOL, Pro Mujer - MEX, Pro Mujer - NIC, Pro Mujer - PER, Pushtikar, PWMACS, RADE, Raduga, RAFODE, RASS, RCCECG, RCDS, RCPB, Reserv-Altay, Rezerv, RGVN, Riverbank, ROMCOM, Rost, RSPI, Rus, Ryada, São Paulo Confia, Saadhana, SABR, Saglasie 96, Sahara Mahila, Sajida, Samokov 96, Sanghamithra, Sarala, Sartawi, SAT, SBACD, SBS, SCDA, SEAP, SEDA, SEEDS, SEF-ZAF, SEM Fund, Serviamus, SFSD, Shakti, SINERGIJA, SKDRDP, SMEP, Smilyan, SMSS, Sodeystviye, Sodeystviye-2005, Sodruzhestvo, Soglasiye, Solidarnost, Soro Yiriwaso, Soyuz-Khimik, SoyuzKredit, Soyuz-Primoroye, SPBD, SSS, Stanichnik, Stopanin, SU, Sugd Microfin, Sungi, Sunrise, Mentors - PER, SWAWS, Tamweelcom, Tchuma, TIAVO, TLM, Tsaritsinskiy passaj, Tsimlyansk, TSKI, Tverskoy, TYM, UCADE Ambato, UCADE Guaranda, UCADE Latacunga, UCADE Santo Domingo, UCCEC GY, UCEC/MK, U-IMCEC, UMECDES, Umid, UNACOOPEC-CI, UNION DES COOPECs UMUTANGUHA, UNRWA, UOB, USFSBS, USTOI, VBSP, VFM, Viator, Vital Finance, Vostok Kapital, VRFSBS, VSSU, VYCCU, WAGES, Wisdom, WKP, WOCCU - AFG, Women for Women, World Relief - HND, WSE, WWB Cali, WWI - AFG, XXWDA, YYWDA, Zakoura

3A Entreprises, A3C, ACB sa, ACEP Cameroon, ACEP Senegal, ACFB, ACSI, ADCSI, Akiba, Akuapem RB, Alidé, Alliance MFB, AMfB, APED, ARD, ASA - GHA, ASUSU CIIGABA, Atwima Kwanwoma, Bessfa RB, BG, BIMAS, BOM, Bonzali RB, BRAC - TZA, BRAC - UGA, CAFODEC, CamCCUL, Capitec Bank, CAPPED, CAURIE Micro Finance, CBDIBA/RENACA, CCA, CDM, CDS, CECA, CECIC S.A., CEC-PROM Mature, CEDEF, Centenary Bank, CETZAM, CFE, CFF, CMCA, CMMB, CMS, COOPEC Hinfani Dosso, COOPEC/ACCO, COOPEDU-Kigali, COSPEC, CPECG Yete Mali, CRAN, CRG, CUMO, CVECA Kita/Bafoulabé, CVECA Pays Dogon, CVECA SOUM, DEC, DECSI, Degaf, DJOMEC, DQF, Duterimbere, Equity Bank, Eshet, FAM, FASL, Faulu - KEN, Faulu - UGA, AfricaWorks, FDM, FECECAM, FIDEVIE, FINCA - DRC, FINCA - MWI, FINCA - TZA, FINCA - UGA, FINCA - ZMB, FINCORP, FUCEC Togo, Gasha, GAWFA, GGEM Microfinance Services Ltd., GRAINE sarl, Harbu, Hekima, Hluvuku, Hofokam, ICMFB, ID-Ghana, IDYDC, IMFB, Jamii Bora, Jigiyaso Ba, Juaben RB, KADET, Kafo Jiginew, Kakum RB, KixiCredito, Kokari,

Kondo Jigima, KPOSB, K-Rep, KSF, KWFT, La Community Bank, LAPO-NGR, LAPO-SLE, Letta, LSK, Maata-N-Tudu, Madfa SACCO, Marang, Mbinga CB, MC², MCL, MEC AFER, MEC FEPRODES, MECBAS, MECREF, MED-Net, Meklit, MGPCC DEKAWOWO, Micro Africa, Micro Start, MicroCred - MDG, MicroCred - SEN, Miselini, MLF MWI, MAMIDECOT, MUL, MUSCCO, Mutuelle Akwaba, NovoBanco - MOZ, Nwabiagya RB, Nyesigiso, OCSSCO, Faulu - TZA, OIBM, OISL, Opportunity Finance, Opportunity Kenya, Otiv Alaotra, Otiv Diana, Otiv Sambava, Otiv Tana, Otuasekan RB, PADME, PAIDEK, PAMECAS, PAPME, PASECA - Kayes, PAWDEP, PEACE, PRIDE - TZA, Pride Finance, ProCredit - GHA, ProCredit Bank - SLE, ProCredit Bank- DRC, RAFODE, RCCECG, RCPB, REDFunds, Reliance, Riverbank, RML, SAT, SEAP, SEDA, SEF-ZAF, SEM Fund, SFPI, SIPEM, SMEP, SOFINA, Soro Yiriwaso, South Akim RB, Tchuma, TIAVO, Tujijenge, Turame Community Finance, UCCEC GY, UCEC/MK, U-IMCEC, UMECDES, UNACOOPEC-CI, UNION DES COOPECs UMUTANGUHA, Union RB, UOB, Upper Manya RB, Finance Trust, Vital Finance, WAGES, Wasasa, Wisdom, WISE

1st Valley Bank, ABCRDM, ABS-CBN, ACLEDA, ACLEDA Lao, Adhikar, AFS, AMFI, AMK, AML, AMMACTS, AMRET, ARDCI, ARMP, Arohan, ASA, ASA Philippines, Asasah, ASHI, ASKI, AWS, Banco Santiago de Libon, Bandhan, Bangko Kabayan, Bangko Luzon, Bangko Mabuhay, BASIX, BAYOCA, BCB, BEES, Berendina Microfinance, BFL, Binhminh CDC, BISWA, BJS, BMSCCSL, BMT Kayu Manis, BMT Pringsewu, BPR AN, BPR Aditama Arta, BPR AK, BPR Artadamas Mandiri, BPR BBTM, BPR BKK Cilacap, BPR CAS, BPR Citama, BPR DMG, BPR Eka Ayu, BPR Eka Usaha, BPR Hitamajaya, BPR NBP 11, BPR NBP 19, BPR NBP 2, BPR NBP 30, BPR NSI, BPR Pinang Artha, BPR PKT, BPR SAS, BPR Sukawati Pancakanti, BPR SKA, BPR Surya Yudha Kencana, BPR Taman Dhana, BPR Wahana Sentra Artha, BRAC, BRAC - AFG, BRAC - LKA, BSS, BURO Bangladesh, BWDC, Cantilan Bank, CARD Bank, CARD NGO, Cashpor MC, CBB, CBIRD, CBMO, CEP, CEP BRVT, CEP Long An, CEVI, CFA, CFPA, Chamroeun, Chandeshwori, CHC-Limited, Childfund Hoa Binh, CHWDA, CMEDFI, Common Interest, CREDIT, CReSA, CSD, CU Kosayu, CU Pantai Prigi, CU Sawiran, CWCD, CZWSDA, DAMEN, DD Bank, DEPROSC-Nepal, Dian Mandiri, DINARI, DSPI, ECLOF - PHL, Equitas, ESAF, FAIR Bank, FICO, FINCA - AFG, First Macro Bank, FMFB - AFG, FMFB - Pakistan, FORWARD, Fund for Women Development - HCM, GBNB, GFSPL, GM Bank, GOF,

Grameen Bank, Grameen Sahara, Green Bank, GU, GV, HEED, HiH, HKL, Hope for Life, HSPFI, IDF, IFDP, Indur MACS, IPR, Janodaya, JCF, JSCCS, JVS, JXWDA, Kasagana-Ka, Kashf Foundation, Kashf Bank, Kazama Grameen, KBank, KBSLAB, KCCDFI, Khushhali Bank, KMBI, KOPSA, KRUSHI, Lak Jaya, Life Bank, M7 Can Loc, M7 DB District, M7 DBP City, M7 Dong Trieu, M7 Mai Son, M7 Ninh Phuoc, M7 Uong bi, MADRAC, Mahasemam, Mahashakti, Mahila, Mahuli, Mallig Plains RB, Manushi, Maxima, MBK Ventura, MEDF, MFI, MGBB, Mimo Finance, MMS, MoFAD, Moris Rasik, MPGBB, NBJK, NCS, NEED, NeRuDO, NESDO, New RB of Victorias, Nidan, Nirdhan, NMFB, NRDSC, NWTF, NYWDA, OI China, OMB, OXUS - AFG, PALFSI, Parwaz, PATRA Hunchun, PATRA Yanbian, PBC, PCWDA, PGBB, Plan International, PNG Microfinance Ltd, POMFB, PR Bank, PRASAC, Progressive Bank, Pushtikar, PWMACS, RASS, RB Bagac, RB Cainta, RB Camalig, RB Cotabato, RB Digos, RB Dipolog, RB Guinobatan, RB Lebak, RB Liloy, RB Mabitac, RB Montevista, RB Oroquieta, RB Pagbilao, RB Placer, RB San Jacinto, RB Siargao, RB Solano, RB Talisayan, RCDS, RGVN, Rishenglong, RSPI, Saadhana, Sabaragamuwa, Sahara Mahila, Sajida, Samasta, Sanghamithra, Sarala, Sarvodaya Nano Finance, Sathapana Limited, SB Bank, SCNL, SDBL, SED, SEEDS, Seilanithih, Serviamus, SEWA Bank, SEWA Finance, Shakti, SHARE, Siam Bank, SKDRDP, SKS, SMILE, SMSS, Sonata, Spandana, SPBD, SPGBB, SSK, SSS, SU, Sungi, SFPL, SWAWS, TLM, TMFB, TPC, Trident Microfinance, TSKI, TYM, Ujjivan, Valiant RB, VBSP, VFC, VFS, VSSU, VYCCU, Nationwide Microbank, WDB, WKP, WOCCU - AFG, WSE, WWI - AFG, XXWDA, YYWDA

Page 55: 2008 MFI Benchmarks

DATA QUALITY †PEER GROUP N * ** ***

Region: LAC (Latin America & the Caribbean) 333 81 180 72

Region: MENA (Middle East & North Africa) 56 15 38 3

Scale: Small (GLP in USD, LAC < 4,000,000; Others<2,000,000) 428 216 201 11

1st MCC, Abzal Kredit, ACBA, AccessBank, ACF, Aetos, AFK, Aqrarkredit, Agrocredit Plus, Agroimpuls, AgroInvest, Agroinvestbank, A-invest, Aiyl Bank, Alliance Group, Alternativa, Alteya, Amlok, Aqroinvest, AREGAK UCO, Arnur Credit, ASC Union, ASR, ASTI, Avantaj, Azercredit, Azerdemiryolbank, Azeri Star, Bai Tushum, Bank Eskhata, Bank of Baku, Bereke, Bereke-credit, BESA, BFSBS, Blago, Borshud, BRCCC, BTA Bank, BZMF, CAPA, CEF, Chita FSBS, CMFinance, CredAgro NBCO, Credit Mongol, CREDO, Crystal, DAYAQ-Credit, Dirigible, DSK Dobrich, Doveriye - Volgograd, Doveriye (Amursk), Doveriye- Bulgaria, Doveriye-Altay, ECLOF - ARM, Edinstvo Yurga, Edinstvo-Volgograd, Ehyoi kuhiston, EKI, EKPA, Elet-Capital, Express Finance, Farm Credit Armenia, FFECC, FFSA, FinAgro, FINCA - ARM, FINCA - AZE, FINCA - GEO, FINCA - KOS, FINCA - Russia, FINCA - TJK, FinDev, FMCC, FMFB - TJK, FNT Credit, FORUS, FULM, Fundusz Mikro, Galaktika, Garant-Invest, General Toshevo, Gorodskoy, HOPE, Horizon, Horizonti, ImerCredit, Imkoniyat, Imodi Hutal, IMON, Impuls, INECO, Inicjatywa Mikro, Intellekt, Invest Credit, Invest-Credit Moldova, Joldosh Group, JOVID, JSC Bank Constanta, KAMURJ, Kajnardza 96, Kemek, KEP, KGMAMF, Khan Bank, KMB, KMF, Komak Credit, Kompanion, KosInvest, Kredo, KRK Ltd, KSK RPK, KVK, KVK-Altay, LAM, Lazika Capital, LIDER, LOK Microcredit Foundation, FAF-DC, Maqsadi dasgiri, Maritsa Invest, MCO 'Oral', MDF, MI-BOSPO, Microinvest, MIKRA, Mikro ALDI, Mikrofond, Mikrokredit Bank, MikroMaliyye Credit, Miziya, MLF Chiluchor chashma, MLF Kiropol, MLF Madina, MLF MicroInvest, MLF Vahsh Microfin, MLO HUMO, MLO 'Saodat Invest', Mol Bulak Finance, Moldir, Momina Voda, Moznosti, Nachala,

Nadejda, Nadejda 96, Narodniy Kredit_Kemerov, Neftegaz, Normicro, Nov Credit, Obereg (Vladivostok), OBM, OBS, OMRO, Opportunity Albania, OXUS - KGS, OXUS - TJK, Parabank, Partner, Partner Russia, Perelik, Pomoriiski stopanin, Popular Kasa-Kystendil, Povoljye, PRIZMA, ProCredit - MDA, ProCredit Bank - ALB, ProCredit Bank - BGR, ProCredit Bank - BIH, ProCredit Bank - GEO, ProCredit Bank - KOS, ProCredit Bank - MDA, ProCredit Bank - MKD, ProCredit Bank - ROM, ProCredit Bank - UKR, ProCredit Bank Serbia, Raduga, Reserv-Altay, Rezerv, ROMCOM, Rost, Rus, WMN (Russia), SABR, Saglasie 96, Samokov 96, SBS, SEF-ARM, SINERGIJA, Smilyan, Sodeystviye, Sodeystviye-2005, Sodruzhestvo, Soglasiye, Solidarnost, Soyuz-Khimik, SoyuzKredit, Soyuz-Primoroye, Stanichnik, Stopanin, Sugd Microfin, Sunrise, TFS, Tsaritsinskiy passaj, Tsimlyansk, Tverskoy, Umid, Umid-Credit, USFSBS, USTOI, VFM, Viator, Vostok Kapital, VRFSBS, Women for Women, XacBank

ACCOVI, ACME, ACORDE, Actuar Caldas, Actuar Tolima, ADICH, ADIM, ADOPEM, ADRA - PER, ADRI, AFODENIC, Agência do Crédito, AGAPE, AgroCapital, AGUDESA, ALSOL, Alternativa 19 del Sur, Alternativa Microfinanzas, AMA, AMC de R.L., AMEXTRA, ANDE, ANED, Apoyo Económico, Apoyo Integral, APROS, ASDIR, ASEI, ASIDME, Asociación Arariwa, Asociación El Balsamo, Asociación Raíz, ASODENIC, ASOPROSANRAMON, ASP Financiera, ASPIRE, ATEMEXPA, Avanzar, AYNLA, Bancamía, Banco ADEMI, Banco Amigo, Banco da Familia, Banco do Empreendedor, Banco do Povo ACP, Rede Novo Sol, Banco do Vale, Banco Familiar, Banco Popular do Brasil, Banco Solidario, BancoEstado, BancoSol, BanCovelo, BANCRI, BANEX, BanGente, BCSC, CACMU, CAFASA, Caja Depac Poblana, Caja Popular Mexicana, CAME, CCAMETRO, CARE - CREEME, Caritas, Caritas Esteli, Casa do Microcrédito, CCC, CDRO, CEADe, CEAPE BA, CEAPE MA, CEAPE PE, CEAPE PI, Central Cresol Baser, CEPESIU, CEPRODEL, CESOL ACJ, CIDRE, CMAC Arequipa, CMAC Cusco, CMAC Del Santa, CMAC Huancayo, CMAC Ica, CMAC Maynas, CMAC Paita, CMAC Pisco, CMAC Piura, CMAC Sullana, CMAC Tacna, CMAC Trujillo, COAC 4 de Octubre, COAC Acción Rural, COAC Ambato, COAC Artesanos, COAC Chone, COAC Fernando Daquilema, COAC Fondvida, COAC Huaycopungo, COAC Jardín Azuayo, COAC Kullki Wasi, COAC La Benéfica, COAC Luz del Valle, COAC MCCH, COAC Minga, COAC Mushuc Runa, COAC La Nacional, COAC Padre Vicente, COAC Pallatanga, COAC Sac Aiet, COAC San Antonio,

COAC San Gabriel, COAC San José, COAC Santa Ana, COAC Santa Anita, COCDEP, CODESARROLLO, Columbia Microcreditos, CompartamosBanco, Comultrasan, Conserva, Contactar, Coop 20 de Abril, Coop Avances, Coop Fátima, Coop Jesús Nazareno, Coop Juan XXIII, COOPAC Chiquinquira, COOPAC León XIII, COOPAC Los Andes, COOPAC Norandino, COOPAC San Cristóbal, COOPAC San Martín, COOPAC Santa Maria, COOPAC Santo Cristo, COOPAC Santo Domingo, COOPAC Tocache, COOPROGRESO, CRAC Los Andes, CRAC Nuestra Gente, CRAC Profinanzas, CRAC Señor de Luren, CRAC Sipán, Crece Safsa, CRECER, Credi Fé, CrediAmigo, CrediAvance, Credi-Capital, CrediClub, CrediComún, Credicoop, CREDIMUJER, Crediscotia, Credisol, Créditos Pronegocio, CREDITUYO, Cresol Central, Crezcamos, CRYSOL, Despacho Amador, Diaconia, D-Miro, Don Apoyo, ECLOF - ECU, EcoFuturo FFP, EDAPROSPO, EDPYME Acceso Crediticio, EDPYME Alternativa, EDPYME Confianza, EDPYME Crear Arequipa, EDPYME Credivisión, EDPYME Efectiva, EDPYME Nueva Visión, EDPYME Pro Negocios, EDPYME Proempresa, EDPYME Raíz, Emprender, ENLACE, Espacios Alternativos, Crezkamos Kapital, Fácil SCM, FACES, FADEMYPE, FAFIDESS, FAMA OPDF, FAPE, Fassil FFP, FDL, FED, FIACG, FIDERPAC, FIE FFP, FIE Gran Poder, FIELCO, FinAmérica, FinAmigo, Financiera Edyficar, Financiera Fama, Financiera Independencia, FINCA - ECU, FINCA - GTM, FINCA - HND, FINCA - HTI, FINCA - MEX, FINCA - NIC, FINCA - PER, FINCA - SLV, FinComún, FINORTE, FINSOL, Emprenda, FISUR, FMM Bucaramanga, FMM Popayán, FMSD, FODEM, FODEMI, FOMIC, FONCRESOL, FONDECO,

FONDESOL, FONDESURCO, Fondo Esperanza, Fonkoze, Forjadores de Negocios, Fortaleza FFP, FOVIDA, FRAC, FUBODE, FUDEMI, FUNBODEM, Fundación 4i-2000, Fundación Alternativa, Fundación Amanecer, Fundación CAMPO, Fundación Esperanza, Fundación Espoir, Fundación León 2000, Fundación MICROS, Fundación Mujer, Fundación Nieborowski, Fundación Paraguaya, FUNDAHMICRO, FUNDAMIC, FUNDEA, FUNDEBASE, FUNDECOCA, FUNDENUSE, FUNDEPYME, FUNDESER, FUNDESPE, FUNED, FUNHAVI, FUNSALDE, FVP, Génesis Empresarial, GCM, Grameen Mendoza, Grupo Río La Venta, HDH OPDF, ICC BluSol, ICC Conquista Solidária, ICC MAUCE, IDEPRO, IDER CV, IDESI Lambayeque, IDESPA, IDH, IMPRO, INSOTEC, Instituto Estrela, Interactuar, Interfisa Financiera, Invirtiendo, Manuela Ramos, MCN, MiBanco, MiBanco Venezuela, MicroCred - MEX, Micredito SAC, Coop MEDA, Microfinanciera Prisma, Microserfin, Microsol, MIDE, MUDE, ODEF Financiera, OLC, Oportunidad Microfinanzas, Popular SAFI, PRESTANIC, PRISMA, ProCaja, ProCredit - BOL, ProCredit - COL, ProCredit - ECU, ProCredit - HND, ProCredit - NIC, ProCredit - SLV, PRODEM FFP, PRODESA, Progresar, Progresemos, Pro Mujer - ARG, Pro Mujer - BOL, Pro Mujer - MEX, Pro Mujer - NIC, Pro Mujer - PER, Real Microcrédito, Red de Vanguardia, São Paulo Confia, Sartawi, SemiSol, SFF, SOCIALCRED, PADECOMSM, SOCRED, SOGESOL, SolFi, Solución Asea, Soluciones Reales, Mentors - PER, Te Creemos, UCADE Ambato, UCADE Guaranda, UCADE Latacunga, UCADE Santo Domingo, UNICREICH, Visión Banco, Vivir Soluciones, World Relief - HND, WWB Cali

ABA, ABWA, Abyan, ACAD, Aden, Al Amana, Al Awael, Al Karama, Al Majmoua, Al Rafah Bank, Al Tadamun, Al-Thiqa, Alwatani, AMC, Ameen, AMOS, AMSSF/MC, ARDI, ASALA, ASBA, Azal, BRAC - SS, CEOSS, CHF Iraq, DBACD, DEF, Enda, ESED, FATEN, FBPMC, FINCA - JOR, FMF, FMFI-SYR, FONDEP, IDDA, INMAA, Izdiharona Microfinance, Jabal Al Hoss, Lead Foundation, Makhzoumi, MEMCO, MFW, NMF, NSBA, PARC, PASED, RADE, Reef, Ryada, SBACD, SCDA, SFSD, SUMI, Tamweelcom, UNRWA, Zakoura

Page 56: 2008 MFI Benchmarks

DATA QUALITY †PEER GROUP N * ** ***

Scale: Medium 304 82 195 27

Scale: Large (GLP in USD, LAC > 15,000,000; Others>8,000,000) 351 47 240 64

3A Entreprises, A3C, ABWA, Abyan, Abzal Kredit, ACB sa, ACLEDA Lao, Actuar Caldas, Aden, ADICH, ADIM, ADRA - PER, Aetos, Agência do Crédito, AGAPE, Agrocredit Plus, Agroimpuls, AGUDESA, A-invest, Al Awael, Alidé, Alliance MFB, ALSOL, Alternativa, Alternativa 19 del Sur, Alternativa Microfinanzas, Alteya, AMA, AMEXTRA, AMFI, Amlok, AMOS, APED, APROS, ARD, ASA - GHA, ASALA, ASEI, ASIDME, Asociación El Balsamo, ASOPROSANRAMON, ASPIRE, ASTI, ATEMEXPA, Avantaj, Avanzar, Azal, Banco do Povo ACP, Rede Novo Sol, Banco do Vale, Banco Santiago de Libon, BANCRI, BAYOCA, Bereke-credit, Berendina Microfinance, Bessfa RB, Binhminh CDC, BJS, Blago, BMSCCSL, BMT Kayu Manis, BMT Pringsewu, Borshud, BPR AN, BPR Aditama Arta, BPR Artadamas Mandiri, BPR BBTM, BPR CAS, BPR Citama, BPR DMG, BPR Eka Ayu, BPR Eka Usaha, BPR Hitamajaya, BPR NBP 19, BPR NBP 30, BPR Pinang Artha, BPR SAS, BPR SKA, BPR Taman Dhana, BPR Wahana Sentra Artha, BRAC - SS, BRCCC, BWDC, CACMU, CAFASA, CAFODEC, CAPPED, CARE - CREEME, Caritas Esteli, Casa do Microcrédito, CBIRD, CCC, CDM, CEADe, CEAPE BA, CEAPE PE, CEAPE PI, CEC-PROM Mature, CEDEF, CEP BRVT, CEP Long An, CEPESIU, CESOL ACJ, CEVI, CFF, Chamroeun, Childfund Hoa Binh, Chita FSBS, CHWDA, CMEDFI, CMMB, COAC 4 de Octubre, COAC Artesanos, COAC Fernando Daquilema, COAC Fondvida, COAC Huaycopungo, COAC Minga, COAC Padre Vicente, COAC Pallatanga, COAC San Antonio, COAC San Gabriel, COAC Santa Ana, COAC Santa Anita, COCDEP,

Columbia Microcreditos, COOPAC Chiquinquira, COOPAC Norandino, COOPEC Hinfani Dosso, COOPEC/ACCO, COSPEC, CPECG Yete Mali, CRAN, CrediClub, CREDIMUJER, Credisol, CREDITUYO, Crezcamos, CRG, CU Kosayu, CU Pantai Prigi, CUMO, CVECA Kita/Bafoulabé, CVECA Pays Dogon, CVECA SOUM, CWCD, CZWSDA, DAYAQ-Credit, Degaf, Dian Mandiri, DINARI, Dirigible, DJOMEC, DSK Dobrich, Don Apoyo, Doveriye - Volgograd, Doveriye- Bulgaria, Doveriye-Altay, DQF, ECLOF - ARM, ECLOF - ECU, ECLOF - PHL, EDAPROSPO, Edinstvo-Volgograd, EDPYME Pro Negocios, Ehyoi kuhiston, Elet-Capital, Emprender, Espacios Alternativos, Fácil SCM, FACES, FADEMYPE, FAM, FAPE, Farm Credit Armenia, AfricaWorks, FDM, FIACG, FIDERPAC, FIDEVIE, FINCA - HTI, FINCA - PER, FINCA - ZMB, FINORTE, Emprenda, FISUR, FNT Credit, FOMIC, FONCRESOL, Forjadores de Negocios, FOVIDA, FUDEMI, Fund for Women Development - HCM, Fundación 4i-2000, Fundación Alternativa, Fundación Esperanza, Fundación MICROS, Fundación Mujer, FUNDAMIC, FUNDEBASE, FUNDECOCA, FUNDEPYME, FUNDESPE, FUNHAVI, FUNSALDE, FVP, Galaktika, Garant-Invest, Gasha, GAWFA, GCM, General Toshevo, GGEM Microfinance Services Ltd., GRAINE sarl, Grameen Mendoza, Grameen Sahara, Grupo Río La Venta, Harbu, Hekima, Hluvuku, Hope for Life, HSPFI, ICC Conquista Solidária, ICC MAUCE, ICMFB, IDDA, IDER CV, IDESI Lambayeque,

IDESPA, ID-Ghana, IDH, IDYDC, IFDP, ImerCredit, Imkoniyat, Imodi Hutal, IMPRO, Impuls, Instituto Estrela, Intellekt, Invest Credit, Invest-Credit Moldova, Izdiharona Microfinance, Jabal Al Hoss, Joldosh Group, JOVID, JSCCS, JXWDA, Kasagana-Ka, Kajnardza 96, Kemek, Komak Credit, KOPSA, KPOSB, KSF, KVK, KVK-Altay, LAPO-SLE, Letta, LSK, M7 Can Loc, M7 DB District, M7 DBP City, M7 Dong Trieu, M7 Mai Son, M7 Ninh Phuoc, M7 Uong bi, Maata-N-Tudu, Madfa SACCO, Mahashakti, Mahila, Mahuli, Makhzoumi, Manushi, Maqsadi dasgiri, Maxima, Mbinga CB, MCL, MCO 'Oral', MEC AFER, MEC FEPRODES, MECBAS, MEDF, MED-Net, Meklit, MGPCC DEKAWOWO, Micro Start, MicroCred - MEX, MicroCred - SEN, Micredito SAC, Microfinanciera Prisma, Microsol, MIDE, MikroMaliyye Credit, Miziya, MLF Chiluchor chashma, MLF Kiropol, MLF Madina, MLF MWI, MLF Vahsh Microfin, MLO 'Saodat Invest', MAMIDECOT, MMS, Moldir, Momina Voda, MUDE, MUL, Mutuelle Akwaba, Nadejda, Nadejda 96, Narodniy Kredit_Kemerov, NBJK, NCS, Neftegaz, NeRuDO, NESDO, New RB of Victorias, Nidan, NMF, NMFB, Nov Credit, NSBA, NYWDA, Obereg (Vladivostok), Faulu - TZA, OI China, OLC, OMB, Oportunidad Microfinanzas, Otiv Sambava, OXUS - KGS, PAIDEK, Partner Russia, Parwaz, PASED, PATRA Hunchun, PATRA Yanbian, PCWDA, Perelik, Plan International, PNG Microfinance Ltd, Pomoriiski stopanin, Popular Kasa-Kystendil, Povoljye, Pride Finance, ProCaja, Progresar, Progresemos, Pro Mujer - ARG, Pro Mujer - MEX, Raduga, RAFODE, RB Bagac, RB Cotabato, RB Liloy, RB Pagbilao, RB Placer, RB San Jacinto, RCCECG, RCDS, Red de Vanguardia, REDFunds, Reef, Rezerv, Riverbank, RML, RSPI, São Paulo Confia, SABR, Saglasie 96, Sahara Mahila, Samasta, Samokov 96, Sartawi, SCDA, SED, SEM Fund, SemiSol, Serviamus, SEWA Finance, SFSD, Smilyan,

SOCIALCRED, PADECOMSM, SOCRED, Sodeystviye-2005, Sodruzhestvo, SOFINA, Solidarnost, Solución Asea, Soluciones Reales, Soyuz-Khimik, SoyuzKredit, Soyuz-Primoroye, SPBD, SPGBB, SSK, Stanichnik, Stopanin, Sugd Microfin, SUMI, Sungi, Mentors - PER, SFPL, TLM, Tsimlyansk, Tujijenge, Turame Community Finance, Tverskoy, UCADE Ambato, UCADE Guaranda, UCADE Latacunga, UCADE Santo Domingo, UCCEC GY, Umid, Umid-Credit, UNION DES COOPECs UMUTANGUHA, Union RB, Vivir Soluciones, Vostok Kapital, VRFSBS, VSSU, VYCCU, WISE, WKP, WSE, WWI - AFG, XXWDA, YYWDA

(GLP in USD, LAC ≥ 4,000,000 and ≤ 15,000,000;Others ≥ 2,000,000 and ≤ 8,000,000)

ABCRDM, ABS-CBN, ACAD, ACF, ACFB, ACME, Actuar Tolima, Adhikar, ADRI, AFODENIC, AFS, Akuapem RB, Al Karama, Al Tadamun, Alliance Group, AMC, AMfB, AMSSF/MC, ANDE, ANED, Aqroinvest, ARDCI, Arnur Credit, ASA Philippines, Asasah, ASDIR, ASHI, Asociación Arariwa, ASODENIC, ASR, ASUSU CIIGABA, AWS, AYNLA, Azeri Star, Banco Amigo, Banco da Familia, Banco do Empreendedor, Banco Popular do Brasil, Bangko Mabuhay, BCB, BEES, Bereke, BFSBS, BG, BIMAS, BOM, Bonzali RB, BPR AK, BPR BKK Cilacap, BPR NBP 11, BPR NBP 2, BPR NSI, BPR PKT, BPR Sukawati Pancakanti, BRAC - LKA, BRAC - TZA, BRAC - UGA, BZMF, Caja Depac Poblana, CAURIE Micro Finance, CBDIBA/RENACA, CDRO, CEAPE MA, CECA, CECIC S.A., CEF, CEOSS, CEPRODEL, CETZAM, CFA, CFE, Chandeshwori, CHC-Limited, CIDRE, CMAC Pisco, CMCA, COAC Acción Rural, COAC Ambato, COAC Chone, COAC Kullki Wasi, COAC La Benéfica, COAC Luz del Valle, COAC MCCH, COAC Sac Aiet, Conserva, Contactar, Coop 20 de Abril, Coop Avances, Coop Juan XXIII, COOPAC León XIII, COOPAC Los Andes, COOPAC Tocache, COOPEDU-Kigali, CRAC Los Andes, CRAC Sipán, Crece Safsa, CrediAvance, Credi-Capital, CrediComún, Credicoop, Credit Mongol, CReSA, CRYSOL, Crystal, CSD, CU Sawiran, DAMEN, DD Bank, DEC, DEPROSC-Nepal, Despacho Amador,

Doveriye (Amursk), DSPI, Duterimbere, Edinstvo Yurga, EDPYME Acceso Crediticio, EDPYME Credivisión, ENLACE, Eshet, FAFIDESS, FAMA OPDF, Faulu - UGA, FED, FFECC, FIE Gran Poder, FinAgro, FinAmigo, FINCA - AFG, FINCA - GTM, FINCA - HND, FINCA - JOR, FINCA - MWI, FINCA - NIC, FINCA - SLV, FINCA - TJK, FINCA - TZA, FinDev, FMF, FODEM, FODEMI, FONDECO, FONDESOL, FONDESURCO, Fondo Esperanza, Fonkoze, FORWARD, FRAC, FUBODE, FULM, FUNBODEM, Fundación Amanecer, Fundación CAMPO, Fundación León 2000, Fundación Paraguaya, FUNDAHMICRO, FUNDENUSE, FUNED, GOF, Gorodskoy, HEED, HDH OPDF, HiH, Hofokam, HOPE, Horizon, Horizonti, ICC BluSol, IDEPRO, IDF, Indur MACS, INMAA, INSOTEC, Invirtiendo, IPR, Janodaya, Jigiyaso Ba, Juaben RB, JVS, KADET, Kakum RB, Kashf Bank, Kazama Grameen, KBank, KCCDFI, KGMAMF, KixiCredito, Kokari, KosInvest, Kredo, KRUSHI, KSK RPK, La Community Bank, Lak Jaya, LAM, Lazika Capital, MADRAC, Mahasemam, Mallig Plains RB, Manuela Ramos, Marang, Maritsa Invest, MBK Ventura, MCN, MDF, MECREF, MGBB, Micro Africa, MicroCred - MDG, Microserfin, Mikro ALDI, Mikrofond, Mimo Finance, Miselini, MLO HUMO, MoFAD, Mol Bulak Finance, Moris Rasik, MUSCCO, Nachala, NEED, NRDSC, Nwabiagya RB, Opportunity Finance, Opportunity Kenya, Otiv Diana, Otiv Tana, Otuasekan RB, OXUS - AFG, OXUS - TJK, PALFSI, PARC, PASECA - Kayes, PAWDEP, PEACE, PGBB, POMFB, Popular SAFI, PRISMA, ProCredit Bank - SLE, Progressive Bank, Pro Mujer - NIC, Pro Mujer - PER, PWMACS, RADE, RB Cainta, RB Camalig,

RB Digos, RB Guinobatan, RB Lebak, RB Mabitac, RB Montevista, RB Oroquieta, RB Siargao, RB Solano, RB Talisayan, Reliance, Reserv-Altay, RGVN, Rishenglong, ROMCOM, Rost, Rus, Sarala, SB Bank, SBACD, SBS, SEAP, SEDA, SEF-ARM, Seilanithih, SEWA Bank, SFF, SFPI, Siam Bank, SIPEM, SMSS, Sodeystviye, SOGESOL, Soglasiye, SolFi, Sonata, Soro Yiriwaso, South Akim RB, SU, Tchuma, Te Creemos, TFS, TIAVO, Tsaritsinskiy passaj, UCEC/MK, U-IMCEC, UMECDES, UNICREICH, UOB, Upper Manya RB, USTOI, VFM, VFS, Viator, Vital Finance, Wasasa, Nationwide Microbank, WOCCU - AFG, World Relief - HND

Page 57: 2008 MFI Benchmarks

DATA QUALITY †PEER GROUP N * ** ***

Sustainability: FSS (Financial Self-Sufficiency > 100%) 557 123 347 87

[These names are held confidential]

Sustainability: Non-FSS (Financial Self-Sufficiency < 100%) 354 130 209 15

[These names are held confidential]

Target Market: Low End 425 155 252 18

1st MCC, 1st Valley Bank, ABA, ACBA, AccessBank, ACCOVI, ACEP Cameroon, ACEP Senegal, ACLEDA, ACORDE, ACSI, ADCSI, ADOPEM, AFK, Aqrarkredit, AgroCapital, AgroInvest, Agroinvestbank, Aiyl Bank, Akiba, Al Amana, Al Majmoua, Al Rafah Bank, Al-Thiqa, Alwatani, AMC de R.L., Ameen, AMK, AML, AMMACTS, AMRET, Apoyo Económico, Apoyo Integral, ARDI, AREGAK UCO, ARMP, Arohan, ASA, ASBA, ASC Union, ASKI, Asociación Raíz, ASP Financiera, Atwima Kwanwoma, Azercredit, Azerdemiryolbank, Bai Tushum, Bancamía, Banco ADEMI, Banco Familiar, Banco Solidario, BancoEstado, BancoSol, BanCovelo, Bandhan, BANEX, BanGente, Bangko Kabayan, Bangko Luzon, Bank Eskhata, Bank of Baku, BASIX, BCSC, BESA, BFL, BISWA, BPR Surya Yudha Kencana, BRAC, BRAC - AFG, BSS, BTA Bank, BURO Bangladesh, Caja Popular Mexicana, CamCCUL, CAME, CCAMETRO, Cantilan Bank, CAPA, Capitec Bank, CARD Bank, CARD NGO, Caritas, Cashpor MC, CBB, CBMO, CCA, CDS, Centenary Bank, Central Cresol Baser, CEP, CFPA, CHF Iraq, CMAC Arequipa, CMAC Cusco, CMAC Del Santa, CMAC Huancayo, CMAC Ica, CMAC Maynas, CMAC Paita, CMAC Piura, CMAC Sullana, CMAC Tacna, CMAC Trujillo, CMFinance, CMS, COAC Jardín Azuayo, COAC Mushuc Runa, COAC La Nacional, COAC San José, CODESARROLLO, CompartamosBanco, Comultrasan, Coop Fátima, Coop Jesús Nazareno, COOPAC San Cristóbal, COOPAC San Martín, COOPAC Santa Maria, COOPAC Santo Cristo, COOPAC Santo Domingo, COOPROGRESO, CRAC Nuestra Gente, CRAC Profinanzas, CRAC Señor de Luren,

CRECER, CredAgro NBCO, Credi Fé, CrediAmigo, Crediscotia, CREDIT, Créditos Pronegocio, CREDO, Cresol Central, DBACD, DECSI, DEF, Diaconia, D-Miro, EcoFuturo FFP, EDPYME Alternativa, EDPYME Confianza, EDPYME Crear Arequipa, EDPYME Efectiva, EDPYME Nueva Visión, EDPYME Proempresa, EDPYME Raíz, EKI, EKPA, Enda, Equitas, Equity Bank, ESAF, ESED, Crezkamos Kapital, Express Finance, FAIR Bank, FASL, Fassil FFP, FATEN, Faulu - KEN, FBPMC, FDL, FECECAM, FFSA, FICO, FIE FFP, FIELCO, FinAmérica, Financiera Edyficar, Financiera Fama, Financiera Independencia, FINCA - ARM, FINCA - AZE, FINCA - DRC, FINCA - ECU, FINCA - GEO, FINCA - KOS, FINCA - MEX, FINCA - Russia, FINCA - UGA, FinComún, FINCORP, FINSOL, First Macro Bank, FMCC, FMFB - AFG, FMFB - Pakistan, FMFB - TJK, FMFI-SYR, FMM Bucaramanga, FMM Popayán, FMSD, FONDEP, Fortaleza FFP, FORUS, FUCEC Togo, Fundación Espoir, Fundación Nieborowski, FUNDEA, FUNDESER, Fundusz Mikro, Génesis Empresarial, GBNB, GFSPL, GM Bank, Grameen Bank, Green Bank, GU, GV, HKL, IMFB, IMON, INECO, Inicjatywa Mikro, Interactuar, Interfisa Financiera, Jamii Bora, JCF, JSC Bank Constanta, Kafo Jiginew, KAMURJ, Kashf Foundation, KBSLAB, KEP, Khan Bank, Khushhali Bank, KMB, KMBI, KMF, Kompanion, Kondo Jigima, K-Rep, KRK Ltd, KWFT, LAPO-NGR, Lead Foundation, LIDER, Life Bank, LOK Microcredit Foundation, FAF-DC, MC², MEMCO, MFI, MFW, MiBanco,

MiBanco Venezuela, MI-BOSPO, Coop MEDA, Microinvest, MIKRA, Mikrokredit Bank, MLF MicroInvest, Moznosti, MPGBB, Nirdhan, Normicro, NovoBanco - MOZ, NWTF, Nyesigiso, OBM, OBS, OCSSCO, ODEF Financiera, OIBM, OISL, OMRO, Opportunity Albania, Otiv Alaotra, PADME, PAMECAS, PAPME, Parabank, Partner, PBC, PR Bank, PRASAC, PRESTANIC, PRIDE - TZA, PRIZMA, ProCredit - BOL, ProCredit - COL, ProCredit - ECU, ProCredit - GHA, ProCredit - HND, ProCredit - MDA, ProCredit - NIC, ProCredit - SLV, ProCredit Bank - ALB, ProCredit Bank - BGR, ProCredit Bank - BIH, ProCredit Bank - GEO, ProCredit Bank - KOS, ProCredit Bank - MDA, ProCredit Bank - MKD, ProCredit Bank - ROM, ProCredit Bank - UKR, ProCredit Bank- DRC, ProCredit Bank Serbia, PRODEM FFP, PRODESA, Pro Mujer - BOL, Pushtikar, RASS, RB Dipolog, RCPB, Real Microcrédito, WMN (Russia), Ryada, Saadhana, Sabaragamuwa, Sajida, Sanghamithra, Sarvodaya Nano Finance, SAT, Sathapana Limited, SCNL, SDBL, SEEDS, SEF-ZAF, Shakti, SHARE, SINERGIJA, SKDRDP, SKS, SMEP, SMILE, Spandana, SSS, Sunrise, SWAWS, Tamweelcom, TMFB, TPC, Trident Microfinance, TSKI, TYM, Ujjivan, UNACOOPEC-CI, UNRWA, USFSBS, Finance Trust, Valiant RB, VBSP, VFC, Visión Banco, WAGES, WDB, Wisdom, Women for Women, WWB Cali, XacBank, Zakoura

(Avg. Balance per Borrower/ GNI per Capita < 20% and Avg. Balance per Borrower < USD 150)

A3C, ABA, ABCRDM, ABS-CBN, ABWA, Abyan, Actuar Tolima, Aden, Adhikar, ADIM, ADOPEM, ADRA - PER, Agência do Crédito, AGAPE, AGUDESA, Al Awael, Al Karama, Al Majmoua, Al Tadamun, ALSOL, Alternativa 19 del Sur, Alternativa Microfinanzas, Alteya, AMA, Ameen, AMEXTRA, AMK, AML, AMMACTS, AMOS, AMSSF/MC, ANDE, APED, Apoyo Económico, APROS, ARD, ARDCI, ARDI, Arohan, ASA, ASA - GHA, ASA Philippines, Asasah, ASBA, ASEI, ASHI, ASIDME, ASKI, Asociación Arariwa, Asociación El Balsamo, ASODENIC, ASP Financiera, ASPIRE, ASUSU CIIGABA, ATEMEXPA, Avantaj, Avanzar, AWS, Azal, Azeri Star, Banco Amigo, Banco da Familia, Rede Novo Sol, Banco Popular do Brasil, Banco Santiago de Libon, Bandhan, BASIX, BAYOCA, BEES, Bereke, Berendina Microfinance, Bessfa RB, BFL, BG, Binhminh CDC, BISWA, BJS, Blago, BMT Pringsewu, BPR CAS, BPR NBP 11, BPR NSI, BPR SKA, BPR Wahana Sentra Artha, BRAC, BRAC - LKA, BRAC - SS, BRAC - TZA, BRAC - UGA, BSS, BURO Bangladesh, BWDC, CAFASA, CAFODEC, Caja Depac Poblana, Caja Popular Mexicana, CAME, Capitec Bank, CARD Bank, CARD NGO, Caritas, Cashpor MC, CBB, CDM, CEAPE BA, CEAPE MA, CEAPE PE, CEAPE PI, CEDEF, CEOSS, CEP BRVT, CEP Long An, CEPESIU, CESOL ACJ, CEVI, CFF, Chamroeun, Childfund Hoa Binh, CHWDA, CMEDFI, CMFinance, COCDEP, Columbia Microcreditos, CompartamosBanco, Conserva, Contactar, COOPAC Norandino, COOPEC/ACCO, Crece Safsa, CrediAmigo, CrediAvance, Credi-Capital, CrediClub, CrediComún, Credicoop, CREDIMUJER, Créditos Pronegocio, CREDITUYO, CReSA, Crezcamos, CRYSOL, CSD, CUMO, CVECA Pays Dogon, CZWSDA, DAMEN, DAYAQ-Credit, DBACD,

DEC, Degaf, Despacho Amador, Dian Mandiri, DINARI, Don Apoyo, Doveriye-Altay, DQF, DSPI, EDAPROSPO, Edinstvo Yurga, EDPYME Credivisión, EDPYME Efectiva, Enda, ENLACE, Equitas, ESAF, ESED, Eshet, Espacios Alternativos, FAPE, FIACG, FIDERPAC, FIDEVIE, FinAmigo, Financiera Independencia, FINCA - AFG, FINCA - ECU, FINCA - GTM, FINCA - HND, FINCA - HTI, FINCA - JOR, FINCA - MEX, FINCA - MWI, FINCA - PER, FINCA - SLV, FINCA - TZA, FINCA - ZMB, FinComún, FINORTE, Emprenda, FISUR, FMF, FMFB - Pakistan, FMM Bucaramanga, FMM Popayán, FMSD, FODEMI, FONDESOL, Fondo Esperanza, Forjadores de Negocios, FORWARD, FRAC, Fundación Esperanza, Fundación Espoir, Fundación MICROS, Fundación Mujer, Fundación Paraguaya, FUNDAMIC, FUNDECOCA, FUNDESPE, FUNHAVI, FUNSALDE, FVP, Galaktika, GAWFA, GCM, GGEM Microfinance Services Ltd., GFSPL, GOF, GRAINE sarl, Grameen Bank, Grameen Mendoza, Grameen Sahara, Grupo Río La Venta, GU, GV, Harbu, HEED, Hekima, HiH, Hope for Life, HSPFI, ICC Conquista Solidária, ICC MAUCE, IDDA, IDER CV, IDESI Lambayeque, IDESPA, IDF, ID-Ghana, IDH, IDYDC, Impuls, Indur MACS, INMAA, Instituto Estrela, Invest-Credit Moldova, Invirtiendo, Jabal Al Hoss, Jamii Bora, Janodaya, JCF, JVS, JXWDA, Kasagana-Ka, Kashf Foundation, Kazama Grameen, KBank, KCCDFI, Khushhali Bank, KMBI, Kokari, KOPSA, KRUSHI, KSF, KVK-Altay, Lak Jaya, LAPO-NGR, LAPO-SLE, Lead Foundation, Life Bank, M7 Can Loc, M7 DB District, M7 DBP City, M7 Dong Trieu, M7 Mai Son, M7 Ninh Phuoc, M7 Uong bi, Maata-N-Tudu, Madfa SACCO, Mahasemam, Mahuli, Makhzoumi, Mallig Plains RB, Manuela Ramos, Manushi, Marang, Mbinga CB, MBK Ventura,

Page 58: 2008 MFI Benchmarks

DATA QUALITY †PEER GROUP N * ** ***

Target Market: Broad (Avg. Balance per Borrower/ GNI per Capita ≥ 20% and ≤ 150%) 498 145 284 69

Target Market: High End (Avg. Balance per Borrower/ GNI per Capita > 150% and ≤ 250%) 78 22 47 9

Target Market: Small Business (Avg. Balance per Borrower/ GNI per Capita > 250%) 64 16 44 4

MECBAS, MEDF, Meklit, MFI, MFW, MGBB, Micro Start, MicroCred - MEX, Micredito SAC, Coop MEDA, Microserfin, MIDE, MikroMaliyye Credit, Mimo Finance, MLF MWI, MMS, Moris Rasik, MUDE, MUSCCO, Nadejda, Narodniy Kredit_Kemerov, NBJK, NCS, NEED, Neftegaz, NESDO, Nidan, NMF, NRDSC, NSBA, NWTF, NYWDA, OLC, OMB, Oportunidad Microfinanzas, Opportunity Finance, PAIDEK, PALFSI, Partner Russia, PATRA Yanbian, PAWDEP, PBC, PCWDA, Plan International, Povoljye, PRISMA, ProCaja, Progresar, Progresemos, Progressive Bank, Pro Mujer - ARG, Pro Mujer - MEX, Pro Mujer - NIC, Pro Mujer - PER, PWMACS, RADE, RAFODE, RB Liloy, RB Montevista, RB Placer, RB Talisayan, Real Microcrédito, Red de Vanguardia, Reserv-Altay, Rezerv, RGVN, Riverbank, RSPI, São Paulo Confia, Saadhana, Sabaragamuwa, Sajida, Samasta, Sanghamithra, Sarala, Sarvodaya Nano Finance, SB Bank, SBACD, SEAP, SED, SEEDS, SEF-ZAF, SEM Fund, SemiSol, Serviamus, SEWA Finance, SFPI, Shakti, SHARE, SKDRDP, SKS, SMILE, SMSS, SolFi, Solución Asea, Soluciones Reales, Sonata, Soro Yiriwaso, Soyuz-Khimik, SoyuzKredit, Spandana, SPBD, SSK, Stanichnik, SU, SUMI, Sungi, Mentors - PER, SFPL, SWAWS, Tamweelcom, Te Creemos, Trident Microfinance, TSKI, Tujijenge, Turame Community Finance, UCADE Ambato, UCADE Guaranda, UCADE Latacunga, UCADE Santo Domingo, UCCEC GY, Ujjivan, Umid-Credit, UNICREICH, UOB, VFS, Viator, Vivir Soluciones, VSSU, Wasasa, Wisdom, WISE, WKP, WSE, XXWDA, YYWDA, Zakoura

1st MCC, 1st Valley Bank, ACAD, ACBA, AccessBank, ACF, ACFB, ACME, ACSI, Actuar Caldas, ADCSI, ADICH, Aetos, AFS, AgroCapital, Agrocredit Plus, Agroimpuls, AgroInvest, A-invest, Al Amana, Alidé, Alliance MFB, Alternativa, Al-Thiqa, Alwatani, AMC, AMC de R.L., AMfB, AMFI, AMRET, ANED, Apoyo Integral, Aqroinvest, AREGAK UCO, Arnur Credit, ASALA, ASC Union, ASDIR, Asociación Raíz, ASOPROSANRAMON, ASTI, Atwima Kwanwoma, AYNLA, Azercredit, Bancamía, Banco ADEMI, Banco do Empreendedor, Banco do Vale, Banco Familiar, Banco Solidario, BancoEstado, BANCRI, BanGente, Bangko Kabayan, Bangko Luzon, Bangko Mabuhay, Bank of Baku, BCB, BCSC, BESA, BFSBS, BIMAS, BMSCCSL, BOM, Bonzali RB, Borshud, BPR AN, BPR Aditama Arta, BPR AK, BPR Artadamas Mandiri, BPR BBTM, BPR DMG, BPR Eka Ayu, BPR Eka Usaha, BPR Hitamajaya, BPR NBP 19, BPR NBP 2, BPR NBP 30, BPR Pinang Artha, BPR SAS, BPR Sukawati Pancakanti, BPR Surya Yudha Kencana, BPR Taman Dhana, BRAC - AFG, BRCCC, CACMU, CCAMETRO, Cantilan Bank, CAPA, CAPPED, CARE - CREEME, Caritas Esteli, Casa do Microcrédito, CAURIE Micro Finance, CBDIBA/RENACA, CBIRD, CBMO, CCA, CCC, CDRO, CDS, CEADe, CEF, Central Cresol Baser, CEP, CEPRODEL, CETZAM, CFA, CFPA, CHC-Limited, CHF Iraq, Chita FSBS, CMAC Arequipa, CMAC Cusco, CMAC Del Santa, CMAC Huancayo, CMAC Ica, CMAC Maynas, CMAC Paita, CMAC Pisco, CMAC Piura, CMAC Sullana, CMAC Tacna, CMAC Trujillo, CMMB, COAC 4 de Octubre, COAC Acción Rural, COAC Ambato, COAC Artesanos, COAC Chone, COAC Fernando Daquilema, COAC Fondvida, COAC Huaycopungo, COAC Jardín Azuayo, COAC Kullki Wasi, COAC La Benéfica,

COAC Luz del Valle, COAC MCCH, COAC Minga, COAC Mushuc Runa, COAC La Nacional, COAC Padre Vicente, COAC Pallatanga, COAC Sac Aiet, COAC San Antonio, COAC San Gabriel, COAC San José, COAC Santa Ana, COAC Santa Anita, CODESARROLLO, Comultrasan, Coop 20 de Abril, Coop Juan XXIII, COOPAC Chiquinquira, COOPAC León XIII, COOPAC Los Andes, COOPAC San Cristóbal, COOPAC San Martín, COOPAC Santa Maria, COOPAC Santo Cristo, COOPAC Santo Domingo, COOPAC Tocache, COOPROGRESO, CPECG Yete Mali, CRAC Los Andes, CRAC Nuestra Gente, CRAC Profinanzas, CRAC Señor de Luren, CRAC Sipán, CRAN, CRECER, CredAgro NBCO, Credi Fé, Crediscotia, Credisol, CREDIT, CREDO, Cresol Central, CRG, Crystal, CU Kosayu, CU Pantai Prigi, CU Sawiran, CVECA Kita/Bafoulabé, CVECA SOUM, CWCD, DD Bank, DEF, DEPROSC-Nepal, Diaconia, DJOMEC, D-Miro, Doveriye - Volgograd, Doveriye (Amursk), Doveriye- Bulgaria, Duterimbere, ECLOF - ARM, ECLOF - ECU, ECLOF - PHL, EcoFuturo FFP, Edinstvo-Volgograd, EDPYME Acceso Crediticio, EDPYME Alternativa, EDPYME Confianza, EDPYME Crear Arequipa, EDPYME Nueva Visión, EDPYME Pro Negocios, EDPYME Proempresa, EDPYME Raíz, Ehyoi kuhiston, EKI, EKPA, Elet-Capital, Emprender, Crezkamos Kapital, Express Finance, Fácil SCM, FACES, FADEMYPE, FAFIDESS, FAIR Bank, FAMA OPDF, Faulu - KEN, Faulu - UGA, FBPMC, AfricaWorks, FDL, FDM, FED, FFECC, FFSA, FICO, FIE Gran Poder, FIELCO, FinAmérica, Financiera Edyficar, Financiera Fama, FINCA - ARM, FINCA - AZE, FINCA - GEO, FINCA - KOS,

FINCA - NIC, FINCA - Russia, FINCA - TJK, FINCA - UGA, FinDev, FINSOL, First Macro Bank, FMCC, FMFI-SYR, FODEM, FOMIC, FONCRESOL, FONDECO, FONDEP, FONDESURCO, Fonkoze, FORUS, FOVIDA, FUBODE, FUDEMI, FULM, FUNBODEM, Fund for Women Development - HCM, Fundación 4i-2000, Fundación Alternativa, Fundación Amanecer, Fundación CAMPO, Fundación León 2000, Fundación Nieborowski, FUNDAHMICRO, FUNDEA, FUNDEBASE, FUNDENUSE, FUNDEPYME, FUNDESER, Fundusz Mikro, FUNED, Génesis Empresarial, Garant-Invest, GBNB, GM Bank, Gorodskoy, Green Bank, HDH OPDF, HKL, Hluvuku, Hofokam, HOPE, Horizon, Horizonti, ICC BluSol, ICMFB, IFDP, ImerCredit, IMFB, Imkoniyat, Imodi Hutal, IMPRO, INECO, Inicjatywa Mikro, INSOTEC, Interactuar, Interfisa Financiera, Invest Credit, Izdiharona Microfinance, Jigiyaso Ba, JSC Bank Constanta, Juaben RB, KADET, Kafo Jiginew, Kakum RB, KAMURJ, Kashf Bank, Kajnardza 96, KBSLAB, Kemek, KGMAMF, Khan Bank, KixiCredito, KMF, Komak Credit, Kompanion, Kondo Jigima, KosInvest, KVK, KWFT, La Community Bank, LAM, Lazika Capital, LIDER, LOK Microcredit Foundation, LSK, MADRAC, FAF-DC, Maqsadi dasgiri, Maritsa Invest, MC², MCL, MCO 'Oral', MDF, MEC AFER, MEC FEPRODES, MED-Net, MEMCO, MiBanco, MiBanco Venezuela, MI-BOSPO, MicroCred - SEN, Microfinanciera Prisma, Microsol, MIKRA, Mikro ALDI, Mikrofond, Miselini, Miziya, MLF Kiropol, MLF Madina, MLF MicroInvest, MLF Vahsh Microfin, MLO HUMO, MLO 'Saodat Invest', MAMIDECOT, MoFAD, Mol Bulak Finance, Moldir, Momina Voda, Mutuelle Akwaba, Nachala, Nadejda 96, NeRuDO, New RB of Victorias, Nirdhan, NMFB, Normicro, Nov Credit, Nwabiagya RB, Obereg (Vladivostok), OBM, OCSSCO, ODEF Financiera, Faulu - TZA, OISL, OMRO, Opportunity Albania, Opportunity Kenya,

Otiv Sambava, Otiv Tana, Otuasekan RB, OXUS - AFG, OXUS - KGS, PADME, PAMECAS, PARC, Partner, Parwaz, PASECA - Kayes, PASED, PATRA Hunchun, PEACE, Perelik, PGBB, PNG Microfinance Ltd, Pomoriiski stopanin, Popular Kasa-Kystendil, PRASAC, PRESTANIC, PRIDE - TZA, Pride Finance, PRIZMA, ProCredit - COL, ProCredit - ECU, ProCredit - HND, ProCredit - SLV, ProCredit Bank - BIH, ProCredit Bank - ROM, ProCredit Bank Serbia, PRODESA, Pro Mujer - BOL, Raduga, RASS, RB Camalig, RB Cotabato, RB Digos, RB Lebak, RB Mabitac, RB Oroquieta, RB Pagbilao, RB Siargao, RCCECG, REDFunds, Rost, Rus, WMN (Russia), SABR, Saglasie 96, Sahara Mahila, Samokov 96, Sartawi, SAT, SBS, SCDA, SCNL, SDBL, SEDA, SEF-ARM, Seilanithih, SEWA Bank, SFF, SFSD, Siam Bank, SINERGIJA, SMEP, Smilyan, SOCIALCRED, PADECOMSM, SOCRED, Sodeystviye, Sodeystviye-2005, Sodruzhestvo, SOFINA, Soglasiye, Solidarnost, South Akim RB, Soyuz-Primoroye, SPGBB, SSS, Stopanin, Sugd Microfin, Sunrise, Tchuma, TFS, TIAVO, TMFB, TPC, Tsimlyansk, Tverskoy, TYM, UCEC/MK, U-IMCEC, UNACOOPEC-CI, UNRWA, Upper Manya RB, USTOI, Valiant RB, VBSP, VFC, VFM, Vostok Kapital, VRFSBS, VYCCU, Nationwide Microbank, WDB, Women for Women, World Relief - HND, WWB Cali, WWI - AFG, XacBank

Abzal Kredit, ACB sa, ACCOVI, ACEP Cameroon, ACEP Senegal, AFK, AFODENIC, Alliance Group, Amlok, ARMP, Azerdemiryolbank, BancoSol, BanCovelo, BPR PKT, BZMF, CamCCUL, CIDRE, CMS, Coop Avances, Credit Mongol, DECSI, DSK Dobrich, Equity Bank, FAM, FASL, Fassil FFP, FATEN, FECECAM, FIE FFP, FinAgro, FINCA - DRC, FINCORP, Gasha, General Toshevo, IDEPRO, IMON, Intellekt, IPR, JOVID, KEP, Kredo, K-Rep, KRK Ltd, MCN, MECREF, Micro Africa, MLF Chiluchor chashma, Moznosti, MPGBB, Nyesigiso, OBS, OI China, Otiv Alaotra, Otiv Diana, OXUS - TJK, PAPME, Popular SAFI, PR Bank, ProCredit - BOL, ProCredit - GHA, ProCredit - MDA, ProCredit - NIC, ProCredit Bank - ALB, ProCredit Bank - BGR, ProCredit Bank - GEO, ProCredit Bank - MKD, PRODEM FFP, Pushtikar, Reef, Ryada, Sathapana Limited, SOGESOL, Tsaritsinskiy passaj, UNION DES COOPECs UMUTANGUHA, Finance Trust, Visión Banco, Vital Finance, WOCCU - AFG

Page 59: 2008 MFI Benchmarks

DATA QUALITY †PEER GROUP N * ** ***

COMPOUND PEER GROUPSAfrica Large FSS (Africa; GLP > $8,000,000; Financial Self-Sufficiency > 100%) 26 5 20 1

[These names are held confidential]

Africa Large Non FSS (Africa; GLP > $8,000,000; Financial Self-Sufficiency < 100%) 19 6 13 0

[These names are held confidential]

Africa Medium FSS 20 4 16 0

[These names are held confidential]

Africa Medium Non FSS 29 8 19 2

[These names are held confidential]

Africa Small FSS (Africa; GLP < $2,000,000; Financial Self-Sufficiency > 100%) 16 5 11 0

[These names are held confidential]

Africa Small Non FSS (Africa; GLP < $2,000,000; Financial Self-Sufficiency < 100%) 34 10 24 0

[These names are held confidential]

Asia Large FSS (Asia; GLP > $8,000,000; Financial Self-Sufficiency > 100%) 58 6 47 5

[These names are held confidential]

Asia Large Non FSS (Asia; GLP > $8,000,000; Financial Self-Sufficiency < 100%) 39 7 12 20

[These names are held confidential]

Asia Medium FSS 45 8 35 2

[These names are held confidential]

Asia Medium Non FSS 50 10 15 25

[These names are held confidential]

Asia Small FSS (Asia; GLP < $2,000,000; Financial Self-Sufficiency > 100%) 22 6 15 1

[These names are held confidential]

Asia Small Non FSS (Asia; GLP < $2,000,000; Financial Self-Sufficiency < 100%) 42 8 13 21

[These names are held confidential]

ECA Large FSS (ECA; GLP > $8,000,000; Financial Self-Sufficiency > 100%) 52 3 44 5

[These names are held confidential]

ECA Large Non FSS (ECA; GLP > $8,000,000; Financial Self-Sufficiency < 100%) 25 0 23 2

[These names are held confidential]

ECA Medium FSS 23 6 13 4

[These names are held confidential]

ECA Medium Non FSS 24 9 13 2

[These names are held confidential]

ECA Small FSS (ECA; GLP < $2,000,000; Financial Self-Sufficiency > 100%) 40 34 4 2

[These names are held confidential]

ECA Small Non FSS (ECA; GLP < $2,000,000; Financial Self-Sufficiency < 100%) 35 29 6 0

[These names are held confidential]

LAC Large FSS (LAC; GLP > $15,000,000; Financial Self-Sufficiency > 100%) 88 5 41 42

[These names are held confidential]

LAC Large Non FSS (LAC; GLP > $15,000,000; Financial Self-Sufficiency < 100%) 20 3 12 5

[These names are held confidential]

LAC Medium FSS 64 11 38 15

[These names are held confidential]

LAC Medium Non FSS 26 9 15 2

3A Entreprises, ACLEDA, ACORDE, ADRI, Aqrarkredit, Agroinvestbank, Aiyl Bank, Akiba, Akuapem RB, Al Rafah Bank, ASR, Bai Tushum, BANEX, Bank Eskhata, Bereke-credit, BTA Bank, CECA, CECIC S.A., CEC-PROM Mature, Centenary Bank, CFE, Chandeshwori, CMCA, Coop Fátima, Coop Jesús Nazareno, COOPEC Hinfani Dosso, COOPEDU-Kigali, COSPEC, Dirigible, Farm Credit Armenia, FMFB - AFG, FMFB - TJK, FNT Credit, Fortaleza FFP, FUCEC Togo, Joldosh Group, KMB, KSK RPK, Letta, MGPCC DEKAWOWO, MicroCred - MDG, Microinvest, Mikrokredit Bank, MUL, NovoBanco - MOZ, OIBM, Parabank, ProCredit Bank - KOS, ProCredit Bank - MDA, ProCredit Bank - SLE, ProCredit Bank - UKR, ProCredit Bank- DRC, RB Cainta, RCPB, Reliance, Rishenglong, RML, ROMCOM, SIPEM, UMECDES, Umid, Union RB, USFSBS, WAGES

(Africa; GLP ≥ $2,000,000 and ≤ $8,000,000; Financial Self-Sufficiency > 100%)

(Africa; GLP ≥ $2,000,000 and ≤ $8,000,000; Financial Self-Sufficiency < 100%)

(Asia; GLP ≥ $2,000,000 and ≤ $8,000,000; Financial Self-Sufficiency > 100%)

(Asia; GLP ≥ $2,000,000 and ≤ $8,000,000; Financial Self-Sufficiency < 100%)

(ECA; GLP ≥ $2,000,000 and ≤ $8,000,000; Financial Self-Sufficiency > 100%)

(ECA; GLP ≥ $2,000,000 and ≤ $8,000,000; Financial Self-Sufficiency < 100%)

(LAC; GLP ≥ $4,000,000 and ≤ $15,000,000; Financial Self-Sufficiency > 100%)

(LAC; GLP ≥ $4,000,000 and ≤ $15,000,000; Financial Self-Sufficiency < 100%)

Page 60: 2008 MFI Benchmarks

DATA QUALITY †PEER GROUP N * ** ***

[These names are held confidential]

LAC Small FSS (LAC; GLP < $4,000,000; Financial Self-Sufficiency > 100%) 73 25 41 7

[These names are held confidential]

LAC Small Non FSS (LAC; GLP < $4,000,000; Financial Self-Sufficiency < 100%) 56 25 30 1

[These names are held confidential]

MENA Large FSS (MENA; GLP > $8,000,000) 17 1 13 3

[These names are held confidential]

MENA Large Non-FSS (MENA; GLP < $2,000,000) 6 0 6 0

[These names are held confidential]

MENA Medium FSS (MENA; GLP ≥ $2,000,000 and ≤ $8,000,000) 6 1 5 0

[These names are held confidential]

MENA Medium Non-FSS (Africa; GLP > $8,000,000; Financial Self-Sufficiency > 100%) 5 1 4 0

[These names are held confidential]

MENA Small FSS (MENA; GLP < $2,000,000) 7 3 4 0

[These names are held confidential]

MENA Small Non-FSS (Africa; GLP > $8,000,000; Financial Self-Sufficiency < 100%) 9 5 4 0

[These names are held confidential]

† The MicroBanking Bulletin uses the following grading system to classify information received from MFIs:

*** The information is supported by an in-depth financial analysis conducted by an independent entity in the last three years

** The MBB questionnaire plus audited financial statements, annual reports and other independent evaluations

* The MBB questionnaire or audited financial statements without additional documentation

Page 61: 2008 MFI Benchmarks

About MIX

Microfinance Information eXchange (MIX)

MicroBanking Bulletin and Performance Benchmarks

Microfinance Information eXchange (MIX)1901 Pennsylvania Avenue NWSuite 307Washington DC 20006Tel: +1 (202) 659 9094Fax: +1 (202) 659 9095e-mail: [email protected] site: www.themix.org

The Microfinance Information Exchange, Inc. is a non-profit company dedicated to improving the information infrastructure of the microfinance industry in developing countries, by promoting standards of financial and operational reporting, offering readily accessible data, and providing specialized information services. For further information please visit www.themix.org

The MicroBanking Bulletin (MBB) is one of the principal publications of MIX. The MBB is intended to improve financial performance of microfinance institutions (MFIs) through the publication and dissemination of the industry’s financial and operational results. The financial results of MFIs around the world are gathered, put on common ground and compared. The MBB is published twice a year and disseminates the results of this comparative analysis. Participating institutions provide their data on a voluntary basis, and in return receive a comparative performance report that benchmarks their results with those of their peer group. MIX maintains all data strictly confidential.

Page 62: 2008 MFI Benchmarks

INSTITUTIONAL CHARACTERISTICS FINANCING STRUCTURENumber of MFIs Age Total Assets Offices Personnel Capital/ Asset Ratio Debt/ Equity Ratio Deposits to Loans Deposits to Total Assets

Peer Group 2008 2008 2008 2008 2008 2008 2008 2008 2008All 1,084 11 6,434,037 9 87 22% 3.1 17% 9%

SIMPLE PEER GROUPSAge

New 191 3 2,946,309 5 53 32% 1.6 7% 1%Young 203 7 4,383,587 7 64 24% 2.7 15% 6%Mature 657 14 9,375,210 11 111 21% 3.5 24% 12%

Charter TypeBank 82 11 162,784,104 31 691 15% 5.3 74% 48%Credit Union / Cooperative 182 11 3,581,221 4 24 19% 3.7 78% 61%Non-Bank Financial Intermedia 338 8 8,930,595 11 128 24% 2.9 0% 0%Non Governmental Organizati 389 12 4,334,131 9 75 34% 1.7 0% 0%Rural Bank 84 21 6,877,332 5 81 14% 6.2 83% 61%

Financial IntermediationNon FI 398 10 4,632,395 7 56 34% 1.8 0% 0%Low FI 159 9 6,063,409 11 119 28% 1.9 13% 9%High FI 393 12 8,655,520 10 116 16% 4.8 78% 59%

MethodologyIndividual 281 10 6,302,049 6 51 21% 3.6 40% 28%Individual / Solidarity 272 11 6,430,106 10 97 23% 2.8 5% 3%Solidarity 67 9 4,360,894 8 80 17% 3.4 30% 15%Village Banking 59 13 6,113,161 14 145 24% 3.2 0% 0%

OutreachSmall (Outreach) 553 9 2,226,456 4 30 28% 2.1 8% 1%Medium (Outreach) 241 11 9,524,429 13 142 26% 2.6 12% 8%Large (Outreach) 273 12 47,378,443 41 551 16% 4.8 30% 20%

Profit StatusProfit 414 9 11,863,846 12 151 19% 4.1 35% 21%Non-profit 665 11 4,632,395 7 58 26% 2.3 7% 1%

RegionAfrica 195 10 4,994,906 8 88 26% 2.3 53% 35%Asia 283 12 7,189,772 12 134 15% 5.0 31% 16%ECA 217 9 4,721,984 6 34 23% 2.9 0% 0%LAC 333 12 8,196,305 9 86 25% 2.9 0% 0%MENA 56 10 9,686,430 10 107 48% 0.9 0% 0%

ScaleSmall (Scale) 428 8 1,390,311 3 24 33% 1.7 3% 0%Medium (Scale) 304 10 6,571,742 9 96 23% 2.7 20% 13%Large (Scale) 351 12 46,119,113 28 393 19% 4.3 33% 22%

SustainabilityFSS 557 12 9,417,989 11 112 21% 3.6 17% 12%Non FSS 354 9 4,491,402 9 88 23% 2.2 4% 2%

Target MarketLow end 425 9 4,214,670 8 88 28% 2.0 3% 0%Broad 498 11 8,166,527 9 81 21% 3.6 24% 12%High end 78 10 17,156,666 12 113 22% 3.4 40% 31%Small Business 64 8 18,012,390 6 90 18% 4.4 81% 48%

Note that the formula for this column differs from the rest as it pulls from the count of age regardless of statistic displayed on the other variables. Do not pull / fill to columns to the right.

C5
Note that the formula for this column differs from the rest as it pulls from the count of age regardless of statistic displayed on the other variables. Do not pull / fill to columns to the right.
Page 63: 2008 MFI Benchmarks

Peer GroupAll

SIMPLE PEER GROUPSAge

NewYoungMature

Charter TypeBankCredit Union / CooperativeNon-Bank Financial IntermediaNon Governmental OrganizatiRural Bank

Financial IntermediationNon FILow FIHigh FI

MethodologyIndividualIndividual / SolidaritySolidarityVillage Banking

OutreachSmall (Outreach)Medium (Outreach)Large (Outreach)

Profit StatusProfitNon-profit

RegionAfricaAsiaECALACMENA

ScaleSmall (Scale)Medium (Scale)Large (Scale)

SustainabilityFSSNon FSS

Target MarketLow endBroadHigh endSmall Business

FINANCING STRUCTURE OUTREACH INDICATORSGross Loan Portfolio/ Total Assets Number of Active Borrowers Percent of Women Borrowers Number of Loans Outstanding Gross Loan Portfolio

2008 2008 2008 2008 200878% 9,013 60% 9,234 4,128,377

77% 3,781 67% 4,220 1,845,751 77% 7,026 57% 7,074 2,892,796 78% 12,689 59% 12,997 6,577,342

69% 45,858 44% 51,202 103,990,796 80% 1,850 45% 1,919 2,273,336 80% 12,162 54% 12,279 6,299,762 78% 9,703 79% 10,341 2,753,772 72% 6,406 45% 7,086 2,936,410

82% 5,990 63% 6,035 3,323,830 73% 13,511 82% 13,611 4,543,920 74% 12,214 52% 12,336 6,147,891

83% 4,353 46% 4,429 4,688,212 76% 10,525 65% 10,336 4,614,081 74% 13,161 99% 13,205 2,592,286 80% 17,916 86% 18,397 4,892,976

79% 2,417 53% 2,466 1,388,657 77% 16,077 66% 16,338 6,998,218 77% 70,565 70% 73,508 33,223,939

74% 12,740 54% 12,895 7,007,552

80% 6,804 64% 7,018 3,068,469

66% 9,143 57% 9,620 2,708,387 74% 17,239 94% 16,483 3,677,827 88% 2,156 43% 2,250 3,949,277 80% 9,768 60% 9,844 6,715,949 72% 11,785 65% 12,589 5,153,360

77% 2,130 63% 2,183 916,600 77% 10,502 64% 10,854 4,813,109 79% 44,257 53% 45,536 32,973,000

80% 13,370 59% 13,450 7,359,172 74% 8,852 63% 8,712 3,203,964

76% 12,628 85% 12,628 2,575,585 81% 7,482 49% 7,659 5,476,159 77% 8,735 40% 8,746 10,992,551 68% 2,254 35% 2,302 9,986,706

Page 64: 2008 MFI Benchmarks

Peer GroupAll

SIMPLE PEER GROUPSAge

NewYoungMature

Charter TypeBankCredit Union / CooperativeNon-Bank Financial IntermediaNon Governmental OrganizatiRural Bank

Financial IntermediationNon FILow FIHigh FI

MethodologyIndividualIndividual / SolidaritySolidarityVillage Banking

OutreachSmall (Outreach)Medium (Outreach)Large (Outreach)

Profit StatusProfitNon-profit

RegionAfricaAsiaECALACMENA

ScaleSmall (Scale)Medium (Scale)Large (Scale)

SustainabilityFSSNon FSS

Target MarketLow endBroadHigh endSmall Business

OUTREACH INDICATORSAverage Loan Balance per Borrower Average Loan Balance per Borrower/ GNP per Capita Average Outstanding Balance

2008 2008 2008 525 36% 527

380 29% 381 467 34% 475 676 41% 648

2,003 113% 1,744 1,509 60% 1,329 631 48% 631 251 16% 242 545 41% 527

522 25% 517 233 26% 227 905 53% 853

1,404 51% 1,292 435 34% 430 111 15% 110 152 15% 158

722 42% 698 450 35% 438 290 28% 298

680 50% 684

451 30% 451

308 68% 311 166 18% 164 2,174 68% 2,115 780 25% 739 317 16% 314

348 22% 349 485 38% 472 1,012 56% 992

764 40% 738 417 35% 414

159 11% 163 949 55% 924 2,388 190% 2,148 2,841 402% 2,638

Page 65: 2008 MFI Benchmarks

Peer GroupAll

SIMPLE PEER GROUPSAge

NewYoungMature

Charter TypeBankCredit Union / CooperativeNon-Bank Financial IntermediaNon Governmental OrganizatiRural Bank

Financial IntermediationNon FILow FIHigh FI

MethodologyIndividualIndividual / SolidaritySolidarityVillage Banking

OutreachSmall (Outreach)Medium (Outreach)Large (Outreach)

Profit StatusProfitNon-profit

RegionAfricaAsiaECALACMENA

ScaleSmall (Scale)Medium (Scale)Large (Scale)

SustainabilityFSSNon FSS

Target MarketLow endBroadHigh endSmall Business

OUTREACH INDICATORSAverage Outstanding Balance / GNP per Capita Number of Voluntary Savers Number of Voluntary Savings Accounts Voluntary Savings

2008 2008 2008 200835% 2,547 5,262 263,063

29% 13 130 39,851 31% 2,438 3,451 162,514 39% 5,169 8,931 445,550

109% 80,741 83,566 59,762,401 55% 3,340 3,695 1,418,227 48% - 72 - 16% - 1,193 - 41% 13,865 13,474 2,278,974

23% - - - 26% 10,944 10,646 348,104 49% 22,289 23,575 4,690,311

46% 1,108 2,445 450,226 33% 2,920 5,009 72,516 15% 9,439 12,380 347,681 16% - - -

40% 391 1,193 41,128 35% 13,039 14,526 338,451 27% 49,167 72,085 3,179,734

48% 8,265 11,512 1,137,548

29% 562 2,264 49,980

64% 18,336 18,434 1,366,283 17% 6,700 7,453 529,766 65% - - - 25% 950 3,716 - 15% - 2,594 -

22% 147 521 19,063 37% 10,329 12,311 903,559 51% 18,802 37,479 7,614,672

38% 3,238 6,959 357,197 33% 425 1,844 68,937

11% 598 3,331 32,561 51% 2,875 5,009 463,306 182% 13,236 22,167 3,037,117 345% 6,161 8,154 3,882,179

Page 66: 2008 MFI Benchmarks

Peer GroupAll

SIMPLE PEER GROUPSAge

NewYoungMature

Charter TypeBankCredit Union / CooperativeNon-Bank Financial IntermediaNon Governmental OrganizatiRural Bank

Financial IntermediationNon FILow FIHigh FI

MethodologyIndividualIndividual / SolidaritySolidarityVillage Banking

OutreachSmall (Outreach)Medium (Outreach)Large (Outreach)

Profit StatusProfitNon-profit

RegionAfricaAsiaECALACMENA

ScaleSmall (Scale)Medium (Scale)Large (Scale)

SustainabilityFSSNon FSS

Target MarketLow endBroadHigh endSmall Business

OUTREACH INDICATORSAverage Savings Balance per Saver Average Savings Account Balance

2008 2008 2008 2008 145 14% 138 13%

114 14% 117 14% 90 10% 81 9% 178 17% 176 16%

733 32% 667 32% 412 18% 390 18% 111 16% 109 16% 33 3% 31 3% 175 15% 163 15%

n/a n/a n/a n/a 35 4% 32 4% 270 19% 252 19%

561 22% 518 21% 108 13% 102 11% 29 5% 21 3% 46 7% 46 7%

183 15% 178 13% 92 11% 93 11% 145 19% 143 16%

179 20% 178 20%

111 12% 106 10%

98 19% 96 19% 56 7% 55 6% 1,855 44% 1,620 42% 466 15% 439 13% 26 2% 26 2%

96 10% 91 9% 93 11% 98 10% 410 30% 402 26%

261 16% 251 15% 105 13% 100 13%

36 4% 35 3% 243 18% 231 17% 381 37% 327 35% 563 82% 457 74%

Average Savings Balance per Saver / GNI per capita

Average Savings Account Balance / GNI per capita

Page 67: 2008 MFI Benchmarks

Peer GroupAll

SIMPLE PEER GROUPSAge

NewYoungMature

Charter TypeBankCredit Union / CooperativeNon-Bank Financial IntermediaNon Governmental OrganizatiRural Bank

Financial IntermediationNon FILow FIHigh FI

MethodologyIndividualIndividual / SolidaritySolidarityVillage Banking

OutreachSmall (Outreach)Medium (Outreach)Large (Outreach)

Profit StatusProfitNon-profit

RegionAfricaAsiaECALACMENA

ScaleSmall (Scale)Medium (Scale)Large (Scale)

SustainabilityFSSNon FSS

Target MarketLow endBroadHigh endSmall Business

MACROECONOMIC INDICATORSGNP per Capita GDP Growth Rate Deposit Rate Inflation Rate Financial Depth

2008 2008 2008 2008 2008 1,600 7% 5% 6% 39%

950 8% 6% 8% 31% 1,600 7% 6% 7% 35% 1,600 6% 5% 6% 42%

1,655 7% 7% 8% 31% 3,150 6% 5% 6% 37% 1,474 8% 5% 7% 31% 1,515 6% 6% 6% 44% 1,600 6% 4% 6% 59%

2,710 7% 6% 6% 41% 950 6% 5% 6% 34% 1,600 6% 5% 6% 36%

3,200 7% 5% 6% 42% 1,590 6% 5% 6% 35% 770 7% 6% 7% 59% 950 9% 6% 6% 37%

2,090 6% 5% 6% 36% 1,595 7% 5% 6% 34% 1,050 7% 5% 6% 44%

1,600 7% 5% 6% 34%

1,600 7% 5% 6% 41%

560 6% 6% 8% 28% 950 7% 6% 6% 59% 3,780 8% 5% 9% 43% 3,340 6% 5% 4% 31% 1,500 5% 6% 5% 96%

1,650 6% 5% 6% 36% 1,590 7% 5% 6% 41% 1,600 7% 5% 6% 39%

2,090 7% 5% 6% 39% 1,505 6% 6% 7% 36%

1,600 7% 5% 6% 43% 1,650 7% 5% 6% 36% 1,175 6% 5% 9% 34% 610 7% 6% 9% 29%