ASA PAKISTAN LIMITED (FMO-51739)

Regions
  • South Asia
Where the impacts of the investment may be experienced.
Countries
  • Pakistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
C
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
Jun 22, 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.
Borrower
ASA PAKISTAN LIMITED
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 7.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 7.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS Jul 7, 2018


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to FMO, ASA Pakistan Ltd. is a leading microfinance institution in Pakistan and is a 100% subsidiary of ASA International Holding. ASA Pakistan, is a rapidly growing microfinance institution primarily targeting women micro-entrepreneurs, in a country that ranks 147 out of 188 countries according to the gender inequality index produced by the United Nations. Funding is needed to finance the institution's growth. In the trajectory to apply for a Microfinance Bank license, ASA Pakistan is strengthening its organization, systems and procedures. FMO's financing is expected to bring funding stability to the balance sheet of the institution alongside other international funders. 

Further, the project aims to empowering mainly womenn entrepreneurs. ASA Pakistan provides loans to micro and very small businesses and therefore has positive social impact and limited environmental footprint.

Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors

ASA Pakistan Ltd. is a leading microfinance institution in Pakistan and is a 100% subsidiary of ASA International Holding. ASA International established greenfield microfinance institutions in twelve countries in Asia and Africa, including Pakistan. ASA International is the international spin-off of ASA of Bangladesh. ‘ASA’, meaning ‘Association for Social Advancement’, is one of the largest microfinance institutions in Bangladesh that engages in empowering the poor, who have no access to the traditional banking system for developing their business, the landless, the skilled labourers and marginal farmers for the improvement of their socio-economic condition.

Contact Information

No contact information provided at the time of disclosure. 

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism