Half Year Results 

ASA International taps microfinance demand

ASA International taps microfinance demand

ASA International (ASAI) became the first publicly listed microfinance company in Europe when its shares began trading on the premium segment of London’s main market in July. The group provides loans – backed by a guarantor – to female small business owners in Asia and Africa, which are typically paid back in weekly instalments of up to $10 (£7.68). Demand from those unable to gain credit from mainstream lenders is clear, with the group increasing the client base by more than a quarter during the first half to just over 2m. That helped push lending up almost a third to $314m.

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