19th Oct 2021 17:49
ASA International Group PLC - Weybridge, Surrey-based microfinance lender - For September, with the exception of India, Sri Lanka, Myanmar, Sierra Leone and Uganda, all companies achieved collection rates of 90% to 95%, with the exceptions faltering due to being in the middle of market recovery or being hampered by the Covid-19 pandemic.
As at September 30, outstanding loan portfolio drops to USD437 million from USD442 million in August, as the number of clients stands at 2.5 million, and the pipeline of funding deals under negotiation totals USD162 million.
At the end of September, ASA International's liquidity remains high with USD109 million of unrestricted cash.
Current stock price: 131.00 pence
Year-to-date change: down 44%
By Dayo Laniyan; [email protected]
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