Ranked Nonprofits: International Microfinance 2009

One day our grandchildren will go to museums to see what poverty was like. -Muhammad Yunus
One day our grandchildren will go to museums to see what poverty was like. -Muhammad Yunus

The Cause: According to the World Bank 2008 report, almost half of the world's population- over 3 billion people- live on less than $2.50 a day. The poorest 40 percent of the world's population accounts for 5 percent of global income, while the richest 20 percent accounts for three-quarters of world income (Human Development Report 2007). Microfinance offers those who were previously considered "un-bankable" because of their lack of collateral, an opportunity to expand their businesses, increase their incomes, and transform their lives. It is a mechanism for poverty reduction and rural development.

The Scope: International microfinance experts identified 13 top microfinance-related nonprofits working at the international level. These organizations include microloan providers, micro credit providers, microfinance institutions, information research organizations, online platforms, consulting practices, and more.

131 International Microfinance experts recommended the following 12 outstanding nonprofits.
Meet the experts and read more about this research.

Top Nonprofit Mission
1 Medal-small-2009 Accion
Accion's mission is to give people the financial tools they need to improve thier lives.
2 Medal-small-2009 Grameen Foundation
Grameen Foundation's mission is to enable the poor, especially the poorest, to create a world without poverty.
3 Medal-small-2009 BRAC
Our mission is to empower people and communities in situations of poverty, illiteracy, disease and social injustice. Our interventions aim to achieve large scale, positive changes through economic and social programmes that enable women and men to realize their potential.
4 Medal-small-2009 Microfinance Information Exchange
MIX's three primary objectives are 1) Improve MFI performance and transparency 2) Boost public and private investment in microfinance through the increased exchange of information 3) Lead benchmarking activities.
5 Medal-small-2009 Opportunity International
Our mission is to empower people to work their way out of chronic poverty, transforming their lives, their children’s futures and their communities.
6 Medal-small-2009 Kiva
Kiva's mission is to connect people, through lending, for the sake of alleviating poverty.
7 Medal-small-2009 ASA (Foundation)
The institutional mission of ASA is to support and strengthen the economy at the bottom of the socio-economic pyramid by facilitating access to financial services for the poor, marginalized and disadvantaged.
8 Medal-small-2009 Women's World Banking
The mission of the Women’s World Banking global network is to expand the economic assets, participation and power of low-income women and their households by helping them access financial services, knowledge and markets.
9 Medal-small-2009 Pro Mujer
Pro Mujer is an international women’s development and microfinance organization whose mission is to provide Latin America’s poor women with the means to build livelihoods for themselves and futures for their families through microfinance, business training, and healthcare support.
10 Medal-small-2009 CARE
CARE’s mission is to serve individuals and families in the poorest communities in the world. Drawing strength from CARE’s global diversity, resources and experience, it promotes innovative solutions and is an advocate for global responsibility.
10 Medal-small-2009 Freedom from Hunger
Freedom from Hunger brings innovative and sustainable self-help solutions to the fight against chronic hunger and poverty. Together with local partners, we equip families with resources they need to build futures of health, hope and dignity.
11 Medal-small-2009 FINCA International
The mission of FINCA International is to provide financial services to the world's lowest-income entrepreneurs so they can create jobs, build assets and improve their standard of living.

Check out all nonprofit reviews for International Microfinance.

Have questions about these results? Review our methodology.

Philanthropedia is a division of GuideStar, a registered 501(c)3 nonprofit organization.
Through independent research, Philanthropedia has leveraged the wisdom of 3128 experts to provide reviews on 783 top nonprofits across 48 causes.