ASAI driving economic development of local communities

In the development paradigm, microfinance has evolved as a need-based programme for
empowerment and alleviation of poverty to the so far neglected target groups (women, poor,deprived etc.). It has also become one of the most effective interventions for economic empowerment of the poor.

Recently,  ASA India celebrated a decade of its presence in India . ASA International India Microfinance Limited (ASA India) is a RBI registered NBFC-MFI providing Micro loans to the poor, towards their livelihood activity. The focus is on women micro-entrepreneur. ASA India is part of ASA International Group, Europe’s first publicly listed microfinance institution in London Stock Exchange and operates in 13 countries in Africa and Asia besides.

Presently covering 5.50 Lakhs women entrepreneurs with a Loan Book exceeding Rs.900 Crores, ASA India operates in six states of West Bengal, Assam, Tripura, Bihar, Uttar Pradesh and Meghalaya. The ASA methodology is considered a sustainable model in poverty alleviation and has zero grant or donation dependency

Mr. Dirk Brouwer, Co-Founder, ASA International Group PLC that was listed recently in London Stock Exchange was of the view that if institutional capital saw Microfinance as an investable sector, microfinance can start reaching out to a much wider public. Mr. Shafiqual Haque Choudhury, founder of ASA Bangladesh and Co-founder of ASA International Group PLC was of the opinion that ASA’s methodology is one of the world’s most efficient models of microfinance that is driving economic development of local communities in different countries. According to Mr. Anjan Dasgupta, Managing Director, ASA India, “ASA India is best placed for expanding outreach and reaching financial inclusion through branches located in the remotest underserved areas in East & North-East India. Its strong parentage, the efficient ASA methodology backed by an experienced and inspired team, drives such growth. The mission focus and responsible lending are the core values that makes ASA India the preferred choice of the community it serves.”

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