Role of MFIs is eternal in elevation of poverty but it needs to be efficiently run the operations. If MFIs are inefficient it increases the cost of providing service that leads to harshen the ultimate objective of MFIs. The objective of this study is to examine the efficiency assessment of MFIs and make comparative analysis on the basis of their legal status i.e. (I) Islamic vs Conventional, (ii) Non-Profit and Profit oriented MFIs and (iii) Banks, NBFIs and NGOs. The study employed the data of

more »

... 31 MFIs with six year study period from 2007-2012. To examine the efficiency score the study employed DEA a non-parametric technique. The study concludes that Conventional MFIs are more efficient as compared to Islamic MFIs. The study also found that Non-Profit MFIs are more efficient because of their no interest and lower service charges as compare to profit or interest oriented institutions. Moreover the study concludes that NBFIs are the most efficient MFIs with 84% efficient in converting their inputs into outputs. Furthermore, it found that as the cost per borrower and timing repay loan increases efficiency of MFIs decreases. Outreach also indicated positive and significant contribution towards efficiency.