Taking Stock 

Private microfinancing

Mark Robinson

Private microfinancing

At the end of last month, we assessed maiden statutory figures for ASA International (ASAI), a provider of guarantor-backed loans to low-income female entrepreneurs in Asia and Africa. Our banking correspondent Emma Powell reckons the company presents a challenge on the valuation front partly due to a “lack of listed peers”, with a meaningful rating for the newly listed lender illusive, at least in relative terms, because ASA represents “the first publicly listed microfinance company in Europe”.

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