The First Micro Finance Bank Ltd (FMFB) has been ranked seventh in the 2008 MIX Global 100 Composite Ranking of Microfinance Institutions (MFIs). The ranking issued by the Microfinance Information Exchange, Inc highlighted the performance of well rounded, leading MFIs that boost outreach and lower costs to serve clients in a transparent manner.
According to the report made available on the mix website www.themix.org on December 22, FMFB with seventh position was the only MFI from Pakistan to make it to the top 25 MFIs of the world. Aga Khan Agency for Microfinance as a global network was represented twice in the list of top 100 MFIs with FMFB - Tajikistan ranking in the top 100.
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