Status: Completed investment
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FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more

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The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

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.

What is our funding objective?

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.

Why do we fund this investment?

It is a highly inclusive loan for a rapidly growing MFI in Pakistan, empowering mainly women0entrepreneurs. ASA Pakistan provides loans to micro and very small businesses and therefore has positive social impact and limited environmental footprint.

Website customer/investment
Financial Institutions
Effective date
End date
Total FMO financing
USD 7.50 MLN
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)