ASA INTERNATIONAL GROUP PLC (LON:ASAI)

Financial

ASA International Group plc is a globally leading microfinance company which provides socially responsible loans to small entrepreneurs, mostly women in Africa and Asia. It was founded in the year 2007 and its headquarters are at Amsterdam. It has a registered office in West Sussex, UK, and another office in Dhaka, Bangladesh. The company is listed and traded on the London Stock Exchange. It has a network of 1,965 branches with a skilled workforce of over 12,000 people, which provide services to 2.4 million clients across its area of operation. ASA International Group plc has many subsidiaries, like  ASA Savings & Loans Ltd, Asha Microfinance Bank, ASA-International Holding Ltd., and Pagasa Philippines Lending Co. Inc, and others.

 

The company actively operates in 13 countries in the Asian and African region, and the core values that drive its business are financial inclusion and women empowerment. The countries where it operates include India, Ghana, Kenya, Myanmar, Nigeria, Pakistan, Philippines, Rwanda, Sierra Leone, Sri Lanka, Tanzania, Uganda, and Zambia. The company aims to enable female entrepreneurs, who constitute a part of the lowest segment of the society, to get loans for running small businesses and become self-dependent. It supports around 372 million such women across Asia and Africa and strives for its goal to help the low-income communities achieve socio-economic progress. The ASA model is at the core of the business model of the company, and it targets female micro-entrepreneurs aged 15 years or above, who are economically active, and earn U.S. $3.20 per day in the countries included it its area of operation. ASA International was made to replicate the ASA model in the highly populated Asian and African markets. The company follows a Greenfield Strategy for the expansion of its branch network and generate sustainable returns in the long run.

The aim of the company is to create a high-quality portfolio, which maximizes the long-term returns for its shareholders, and create meaningful value for all stakeholders. It is engaged in various community programs and social initiatives to support the disadvantaged section of the society. Around 0.5% - 1% of the company’s profits are dedicated to such activities, covering healthcare, education, disaster relief etc.

 

ASA International Group plc follows a well-defined framework of corporate governance and aligns itself with the UK Corporate Governance Code 2018. The board of the company has set up separate committees for audit, remuneration, and nomination. It has an ethical code of conduct for running its business operations and promotes a culture of trust, transparency, and accountability. Apart from fulfilling all its corporate responsibilities, the company also fulfils its environmental and social responsibilities. It has a comprehensive environmental, social, and governance (ESG) framework in place and complies with international best practices and guidelines to create a sustainable business. It aims to minimise the impact of its business activities on the environment and create long-term value for the business as well as the wider community.

Contact Information

company address ASA International Group PLC Rembrandt Tower, Fl 35th, Amstelplein 1 AMSTERDAM 1096 HA Netherlands NLD

company phone+31 208463554

company websitehttps://www.asa-international.com/

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