KARACHI (PR) - The First Micro-finance Bank Ltd (FMFB) has been ranked 7th in the 2008 MIX Global 100 Composite Rankings of Micro-finance Institutions (MFIs). The rankings issued by the Micro-finance Information Exchange, Inc highlighted the performance of well rounded; leading MFIs that boost outreach and lower costs to serve clients in a transparent manner. FMFB with 7th position was the only MFI from Pakistan to make it to the top 25 MFIs of the world. Aga Khan Agency for Micro-finance as a global network was represented twice in the list of top 100 MFIs with FMFB - Tajikistan ranking in the top 100. Based on data from MIX Market, the world's most comprehensive public database on MFIs, the MIX Global highlights the leading performers in each of seven categories within outreach, scale, profitability, efficiency, productivity and portfolio quality. The 2008 MIX Global surveyed 971 institutions for FY 2007, an increase of over 20 per cent over last year. And leading performers were drawn from a diverse sample of MFIs that served over 67 million borrowers with over $35 billion in loans and held $15 billion in deposits from 65 million micro-finance clients from all regions of the globe. Overall, FMFB - Pakistan scored 80.58 per cent while the number one ranked MFI - MBK Ventura of Indonesia scored 87.18 per cent. FMFB's outreach was ranked relatively higher at 80.20 per cent with an exponential growth in borrowers of about 93.8 per cent as compared to the averaged borrower growth rates of 56 per cent by the leading 100 MFIs. FMFB attained a 100 per cent score on transparency that it maintained at least three years of standard performance results on MIX market, with the last two verified by audit reports. FMFB scored a 61.55 per cent as against the industry average of 56.42 per cent on efficiency, which was highlighted as a challenge for the overall industry.