2004 League of Champions for Latin America and the Caribbean

The first Championship League ranking was produced by MIX for publication in the Inter-American Development Bank’s magazine Microenterprise Americas. The article ranks Latin American and Caribbean microfinance institutions based on performance in 2002 in seven categories including scale, depth of outreach, growth, savings, efficiency, asset quality and profitability.

The 60 leading microfinance institutions of 2002 had a combined loan portfolio of more than $1.8 billion, with 2.3 million loans outstanding. The institutions came from all walks of microfinance life—commercial banks, finance companies, nongovernmental organizations (NGOs), banking service companies and credit unions—and truly represent a snapshot of this rapidly developing industry in Latin America.