Wednesday, November 26, 2014

Background of ASA Microfinance (Myanmar) Limited

“ASA Microfinance (Myanmar) Limited” is a subsidiary of ASA International. We have received our Registration, Incorporation Certificate & MMSE License from the Myanmar Government & have started our operation since 1st September, 2014. Our plan is to invest here 20 million USD, open 54 branches, recruit 427 local staff and serve around 65,000 poor people in Myanmar by 2018. UNCDF has already granted 02 million USD in our operation under Micro-lead Expansion Project.

The operation in Myanmar is replicating “ASA” a sustainable and cost effective model.

ASA International Holding a private company limited by shares, was incorporated in April 2007 under the Laws of Mauritius and holds a Global Business License. ASA International is being supervised by the Financial Services Commission in Mauritius.

ASA International is established to operate microfinance in countries of Asia and Africa and as of today the operation explored in Ten (10) countries that includes India, Pakistan, Philippines, Sri Lanka, Afghanistan, & Myanmar in Asia as well as Ghana, Nigeria, Kenya, Tanzania & Uganda in Africa & looking to open in Sierra Leone, Malawi, Mozambique and Rwanda in Africa.

At a Glance as on October 31, 2014:
Total Number of Branch
Total Number of Local Staffs
Total Number of Expatriate Staff
Total Number of Active Borrowers
Total Loan Outstanding with Principal (MMK)
Total Savings Collected (MMK)

Company Profile
Name of the CompanyASA Microfinance (Myanmar) Limited
Year of IncorporationNovember, 2013
Registered OfficeNo. 134/A, Than Lwin Road, Golden Valley Wards 1,Bahan Township, Yangon, Myanmar.
Corporate OfficeNo. 7, Pan Cherry Street, Kha Yae Pin Villa, Mingalardon Township, Yangon.
Board of DirectorsMr. Dirk Brouwer , Mohammed Azim Hossain & Muhammed Faridur Rahman -Managing Director
Law FirmDFDL
Field of BusinessMicrofinance
Product & ServicesMicro and Microenterprise loan for individuals through group and individual basis
Major ShareholderASA International Holding (www.asa-international.com)
Group SubsidiariesASA International India Microfinance (Pvt.) Limited, ASA Pakistan, Pagasa Philippines, ASA Ghana, ASA Nigeria, ASA Tanzania, ASA Kenya & ASA Uganda
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Highlights
(5 Years Projection)
Y-14EY-15EY-16EY-17EY-18E
No. of Branches1025455565
No. of Borrowers23456
123456
123456
123456
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