22nd Oct 2024 22:13
ASA International Group PLC - Worthing, England-based microfinance lender - Gross outstanding loan portfolio increases to USD420 million in the third quarter, 6% higher than at the end of the second quarter and 16% higher than a year prior. OLP growth was predominantly driven by improved performance in Pakistan, the Philippines, Ghana, Tanzania, Kenya and Uganda along with and currency appreciation in Myanmar. Says all operating subsidiaries achieved collection efficiency of more than 90% in the third quarter with 12 countries achieving more than 95% reflecting continued normalisation of the business. Total number of clients across all regions increased to 2.4 million, up 3% from the second quarter, and 7% from a year ago. This growth was primarily driven by increased number of clients in Pakistan, Ghana, Nigeria, Tanzania, and Kenya. Read More
