We aim to build value by supporting early-stage Asian Microfinance Institutions (MFIs) grow scale and impact.


We take active equity participation and involvement in the corporate governance of the institutions that we invest in.


We emphasize the balance between delivering financial returns and solid social impact.

BOPA assets (Million USD)
Portfolio Companies
Loanportfolio (Million USD)
Client outreach

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About Us

BOPA (Base of Pyramid Asia) is a Singapore-based holding company that invests equity in smaller and early stage Microfinance Institutions in Asia. BOPA has so far concluded investments in Vietnam, Cambodia, East Timor, Myanmar, Kazakhstan, Kyrgyzstan and Tajikistan.


We are an active investor and engage in smaller and early-stage Asian MFI development with an emphasis on frontier markets in Asia.

Invest in Sustainability

We invest in substantial minority equity positions in smaller and early-stage Asian MFIs with proven sustainability and on a clear path to capture growth and scale.

Portfolio Governance

We take board seats in our portfolio MFIs and seek to engage in Risk Management, HR and Audit committees.

Social and Financial Impact

We actively work to balance delivering financial returns and have lasting positive impact on the clients of the MFIs we have invested in.

Value Creation

COO of Chamroeun, Cambodia

f“We feel very well aligned with BOPA as an investor in Chamroeun – and we can draw on their experience from other markets in Asia”


CEO of Asian Credit Fund, Kazakhstan

“Apart from providing growth capital for our organization, BOPA has been very engaged at the board level and helped us open doors to new investors”

Christian Andersen, CEO of BOPA

“In many emerging markets access to financial services is often the biggest bottleneck for micro and small entrepreneurs. It gives us great pride to address this problem by helping smaller microfinance institutions scale up and reach more clients – and at the same time we also create financial value for our investors ”

Michael Steen Lunde, Chairman of BOPA

“ I think BOPA has built a strong platform with the current 7 investments we have made in Asian MFIs. The plan for BOPA is to grow with these institutions and a handful more to reach 2 million clients and to exceed 100 million USD in assets over the next 7 years”

Investment Director in IFU

“We are very pleased with becoming an investor in BOPA, because microfinance is an important driver in giving poor people access to the necessary financing for developing their business and life. BOPA has impressed us by finding attractive MFIs in frontier markets in Asia that have the potential to grow significantly in scale and impact.”

CEO of NCH, investor in BOPA

“I have invested in microfinance to obtain a balance between getting a financial return and to be part of making significant social impact for entrepreneurs in Asia. The CEO of BOPA has personally visited more than 60 MFIs in Asia to find the right portfolio partners for BOPA – this is a very solid foundation to make investment decisions on.”