Equity Investment in CreditAccess Asia (ADB-50239-001)

  • India
  • Indonesia
  • Philippines
  • Vietnam
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Feb 21, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
CreditAccess Asia N.V.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 32.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jun 25, 2020

Disclosed by Bank Feb 28, 2017

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Project Description

According to ADB website, this involves an equity investment of up to 45 million in CreditAccess Asia (CAA) to provide growth capital to support CAA's pan-Asia microfinance operations. CAA will use ADB''s proceeds to capitalize the existing subsidiaries and support their growth. The balance of the approved amount may be invested in subsequent fund raising rounds that CAA is expected to undertake. Under separate approval, ADB will provide capacity building technical assistance of up to $500,000, which will accompany ADB funding and will support CAA''s institutional strengthening with initiatives such as the roll out of strategic information technology projects, including data mining and cashless processes. 

Investment Description
Financial Intermediary
Financial Intermediary: A commercial bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description

CreditAccess Asia N.V., a credit institute, offers financial services for individuals and small businesses in Asia. The company was founded in 2006 and is based in Amstelveen, the Netherlands with additional branches in India, Indonesia, and the Philippines.

Contact Information

Project Officer: Doukas Doukidis
Private Sector Operations Department, ADB
No contact information provided at the time of disclosure. 


The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main