Appendix II: Verified Microfinance Institutions

This is the fourteenth year that the Microcredit Summit Campaign conducted the verification process in order to confirm
the data reported by our largest members.1 Practitioner MFIs that submitted a 2014 Institutional Action Plan reporting
more than 2,500 poorest clients were asked to provide the Campaign with the names of donor agencies, research
institutions, networks and/or other institutions that could corroborate their data. Verifiers were asked to confirm the
following data points: 1) total number of active clients; 2) percent of total active clients who are female; 3) total number
of active clients who were among the poorest when they receive their first loan; and 4) percent of poorest clients who
are female.
As in past years, the Campaigns greatest challenge is bridging the gap between its commitment to reaching the poorest
and the lack of effective poverty measurement tools. Therefore, every use of the term poorest in these appendices
should be read within the context of this dilemma.2
The data from 70 practitioner MFIs was corroborated by at least one external organization. These 70 institutions
reported reaching 75.6 million poorest clients as of December 31, 2013, or 69% of the total number of poorest clients
reported.

Country

No.
Poorest
Clients as
of 31 Dec.
2013

%
Poorest
Women

India

43,649,000

81.15

54,561,000

81.15

36

Bangladesh

24,300,000

96.8

4,239,936

88,69

Grameen Bank

Bangladesh

8,543,000

96.21

8,543,000

96,21

32

Association of Asian Confederation of

Credit Unions
Sri Kshetra Dharmasthala Rural
Development Project
Vietnam Bank for Social Policies

Thailand

7,251,145

64

7,707,794

62

21

2,439,341

80

3,049,176

80

31

Vietnam

2,380,025

70

6,893,000

62

20

Share Microfin Limited

India

1,788,036

100

1,791,619

100

13

Kerala Malabar Gramin Bank

India

769,088

45

1,164,162

44.18

27

Grameen Financial Services Pvt. Ltd.

India

717,283

100

717,283

100

Mahila Arthik Vikas Mahamandal Ltd.

India

641,747

100

754,996

100

34

Institution

No.
Total
Clients as
%
of 31 Dec.
Total Verified
2013 Women
by

ASIA and the PACIFIC

National Bank for Agriculture and Rural
Development
BRAC

India

1 By verification, the Campaign means that the verifier has visited the program, met the senior officials, been provided
with numbers, and believes that the institution and the numbers listed are reliable and credible.
2 Poorest in developing countries refers to any of the billion who live on less than $1.25 a day adjusted for purchasing
power parity, or families whose income is in the bottom 50%of all those living below their countrys poverty line, when
they started with their respective programs. (Based on the World Banks PovcalNet,
http://iresearch.worldbank.org/PovcalNet/index.htm?1)
MAPPING PATHWAYS OUT OF POVERTY | 1

No.
Poorest
Clients as
of 31 Dec.
2013

%
Poorest
Women

No.
Total
Clients as
%
of 31 Dec.
Total Verified
2013 Women
by

Institution

Country

CASHPOR Micro Credit

India

632,749

100

632,749

100

Asmitha Microfin Limited

India

548,346

100

783,351

100

17

Card MRI

Philippines

507,147

99

1,207,494

99

29

Islami Bank Bangladesh Limited

Bangladesh

468,735

90

585,919

79

Thengamara Mohila Sabuj Sangha

Bangladesh

428,300

98

713,846

98

Dana Sejahtera Mandiri (Damandiri)

Foundation
Professional Assistance For
Development Action
Sonali Bank

Indonesia

389,312

75

588,896

789.2

39

321,836

100

339,733

100

12

Bangladesh

296,452

50

303,631

49

Jagorani Chakra Foundation

Bangladesh

248,815

100

313,564

86

Mitra Bisnis Keluarga Ventura

Indonesia

242,046

100

322,728

100

4, 10

Palli Daridro Bimochon Foundation

Bangladesh

224,000

98

523,162

98

Bangladesh Krishi Bank

Bangladesh

210,075

50

350215

43

RGVN (North East) Microfinance

Limited
Caritas Bangladesh

India

197,820

99.73

208232

99.73

22

178,568

81

211676

81

Angkor Mikroheranhvatho
(Kampuchea) Co., Ltd.
United Development Initiatives for
Programmed Actions
Manabik Shahajya Sangstha (MSS)

Cambodia

177,496

83

323828

85

41

129,471

91

258942

87

Bangladesh

100,562

99.58

130172

99.58

4, 19

Madura Micro Finance, Ltd.

India

100,531

100

201062

100

35

ESAF Microfinance and Investments (P)

Ltd
Christian Service Society

India

96,916

100

538426

100

23

Bangladesh

93,435

100

267623

89

Integrated Development Foundation

Bangladesh

82,515

99.46

108514

99.58

4, 19

Jeevan Bikas Samaj

Nepal

80,920

70

80920

100

33

People's Oriented Program

Implementation

Bangladesh

78,571

100

163,691

98,86

Cooperative Bank Of Vietnam

Vietnam

75,600

46

1,580,800

46,8

20

Heed Bangladesh

Bangladesh

75,307

95,87

78,547

95,87

S.M.I.Le. Microfinance Ltd.

India

68,634

100

228,781

100

18

Ad-Din Welfare Centre - Jessore

Bangladesh

66,243

99,5

116,216

99,5

Development Promotion Group

India

55,000

85

62,000

85

Sajida Foundation

Bangladesh

50,967

91

127,419

91

Asomi Finance Private Limited

India

47,000

100

48,089

100

43

Ansar - Vdp Unnayan Bank

Bangladesh

45,579

68

116,869

68

India

Bangladesh

Bangladesh

MAPPING PATHWAYS OUT OF POVERTY | 2

No.
Poorest
Clients as
of 31 Dec.
2013

No.
Total
Clients as
%
of 31 Dec.
Total Verified
2013 Women
by

%
Poorest
Women

44,964

98,2

144,872

98,3

43,893

100

43,893

100

41,135

98,53

100,126

98,53

38,990

90

180,049

90

34,750

100

34,750

100

32,956

100

43,506

100

Institution

Country

Rural Reconstruction Foundation

Muslim Aid UK - Bangladesh Field Office
(Muslim Aid Bangladesh)

Bangladesh

Wave Foundation
Bangladesh Association For Social
Advancement

Bangladesh

Liberation Movement For Women

Assistance For Social Organization And
Development

India

Society For Social Service

Bangladesh

28,813

100

367,817

97,21

Spandana Sphoorty Financial Limited

India

28,807

100

2,235,207

83,55

37

Ashrai

Bangladesh

25,879

100

50,813

97,31

Gram Utthan

India

17,500

100

47,854

100

24

Buro Bangladesh

Bangladesh

13,540

99

922,613

92

Samrudi Rural Upliftment Foundation

Samadhan
ASPADA Paribesh Unnayan Foundation

India
Bangladesh
Bangladesh

13,527

100

13,527

100

10,326
22

91
100

14,846
53,514

92
87

4
4

178,379

74,99

1,844,757

67

25

161,391

47

734,266

47

11

53,712

100

60,516

99,7

45,000

69

272,049

72

38

35,059

76

46,745

76

42

7,000

50

77,045

42

26

Bangladesh

Bangladesh

Bangladesh

LATIN AMERICA and the CARIBBEAN

Banco do Nordeste do Brasil S/ACrediamigo
AgroAmigo - Banco do Nordeste do
Brasil S/A
Sevis Finansye Fonkoze
Banco de Ahorro y Crdito ADOPEM,
S.A.
Fundacin para el Desarrollo Integral
de Programas Socioeconmicos
Cooperativa de Ahorro y Crdito de la
Pequea Empresa de Cotopaxi

Brazil
Brazil
Haiti
Dominican
Republic
Guatemala
Ecuador

MIDDLE EAST and NORTH AFRICA

ENDA Inter-Arabe

Tunisia

45,000

60

247,000

67

16

National Microfinance Bank

Jordan

29,590

92

39,513

90

Al-Amal Microfinance Bank

Yemen

18,325

40

34,374

51

MAPPING PATHWAYS OUT OF POVERTY | 3

Country

No.
Poorest
Clients as
of 31 Dec.
2013

%
Poorest
Women

Amhara Credit And Saving Institution

Ethiopia

926,349

64

975,105

54

28

Bank Of Agriculture
Grooming People For Better Livelihood
Centre
Appropriate Development For Africa
Foundation

Nigeria

406,180

30

1,015,454

60

40

245,783

100

302,139

99

30

167,553

70

246,688

48

14

Pride Tanzania
Malawi Union Of Savings And Credit
Cooperatives

Tanzania

92,295

62

95,453

63

15

32,553

66

75,704

33

Bank For Innovation And Partnership

Sierra Leone

2,446

100

2,446

100

Institution

No.
Total
Clients as
%
of 31 Dec.
Total Verified
2013 Women
by

SUB-SAHARAN AFRICA

Nigeria
Cameroon

Malawi

MAPPING PATHWAYS OUT OF POVERTY | 4