Ranked Nonprofits: International Microfinance 2012

“I’ve seen the power of microfinance all over the world in the eyes of mothers and fathers. It’s unmistakable—the joy and deep satisfaction they feel from being able to work hard and provide for their children and their future.”—Rich StearnsPresident, World Vision U.S.
“I’ve seen the power of microfinance all over the world in the eyes of mothers and fathers. It’s unmistakable—the joy and deep satisfaction they feel from being able to work hard and provide for their children and their future.”—Rich StearnsPresident, World Vision U.S.

The Cause: Most of the world’s poor lack access to basic financial services that would help them manage their assets and generate income. This is especially true for the 900 million extremely poor people who live in rural areas of developing countries. Microfinance has become a powerful tool for fighting poverty through more than just lending and asset management. Iterations of microfinance include savings, insurance, and many more supportive services. (International Fund for Agricultural Development)

The Scope: Experts were asked to recommend up to four high-impact nonprofits and up to two promising start-up nonprofits doing excellent work in the field of international microfinance. They were asked to consider a range of nonprofits working in the sector. Recommendations could include direct service providers, research organizations, peer-to-peer platforms, monitoring and evaluation organizations, and other types of nonprofits. For-profit microfinance programs, such as member-owned organizations, formal financial institutions, and informal financial service providers were specifically excluded from this research.

72 International Microfinance experts recommended the following 11 outstanding nonprofits.
Meet the experts and read more about this research.

Top Nonprofit Mission
1 Medal-small-2012 BRAC
BRAC's 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 men and women to realise their potential.
2 Medal-small-2012 Grameen Foundation
Grameen Foundation's mission is to enable the poor, especially the poorest, to create a world without poverty.
3 Medal-small-2012 Accion
Accion's mission is to give people the financial tools they need to improve thier lives.
4 Medal-small-2012 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.
Pro Mujer fights poverty by establishing sustainable microfinance organizations that provide an integrated package of financial and human development services that women require to build and improve their small businesses.
Pro Mujer supports the health of its clients and their families and helps women build their self-esteem. The organization also links women and their families with existing resources and services in their communities.
5 Medal-small-2012 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.
6 Medal-small-2012 Kiva
Kiva's mission is to connect people, through lending, for the sake of alleviating poverty.
7 Medal-small-2012 Opportunity International
Opportunity International's mission is to empower people to work their way out of chronic poverty, transforming their lives, their children’s futures and their communities.
8 Medal-small-2012 CRECER
Crecer is providing excellence and warmth, integrated financial products development services to improve the quality of life preferably women and their families.
9 Medal-small-2012 Fonkoze
Fonkoze is Haiti’s alternative bank for the organized poor. In fact, it is a family of three institutions working together shoulder-to-shoulder towards a single compelling mission: building the economic foundations for democracy in Haiti by providing the rural poor with the tools they need to lift themselves out of poverty. This mission is reflected in our name, Fonkoze, which is an acronym for the Haitian Creole phrase “Fondasyon Kole Zepòl” meaning “Shoulder-to-Shoulder Foundation.”
10 Medal-small-2012 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
11 Medal-small-2012 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.

Check out all nonprofit reviews for International Microfinance.

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Through independent research, Philanthropedia has leveraged the wisdom of 3128 experts to provide reviews on 783 top nonprofits across 48 causes.