FORBES MAGAZINE: BOSNIAN MICROFINANCIAL ORGANIZATIONS ARE AMONG THE BEST IN THE WORLD

SARAJEVO, Bosnia (January 5,2008) – The Forbes Magazine announced a list of ten most successful microfinancial institutions in the world.

Five members of the Bosnian Association of Microfinancial Organization(AMFI),namely, “Eki”, “Partner”, “Mikrofin”, “Mi Bospo” and “Sunrise”, were included.

Nomination criteria were the size of loan portfolio, efficiency related to operative expenditures and loan consumers’ expenses related to the GDP of a country, as well as risks related to portfolios’ quality and action and property capital. Bosnia has proven to be the best in all fields.

This is another in the series of successes of the Bosnian microfinancial institutions.

In the past few years, the AMFI has won a number of certificates and awards for a high level of transparency in business and financial reports, as well as awards for the best microfinancing practice awarded by the UNDP at the UN’s World Microloan Year.

There are 11 members of the Bosnian Association of Microfinancial Organizations; all of them doing business in accordance with the world’s best standards. They offer services to 270.000 active clients.

The AMFI members conduct business through 400 branches throughout Bosnia and 1.500 Bosnian citizens are employed in the sector.