BOPA concludes USD 8 million equity raise from IFU, Finnfund and a large Danish Family Office to fund further growth of BOPA´s equity investments in microfinance institutions (MFIs) in Asia BOPA (Base of Pyramid Asia – www.bopa-microfinance.com) has concluded a USD 8 mio equity raise to fund additional growth of... read more →
BOPA portfolio investment in Myanmar; Alliance Microfinance; has attracted an equity investment from Danish Investment Fund for Developing Countries; IFU. The investment was announced to the Press at the Danish Embassy in Yangon, Myanmar on 3 March 2017
Just 2 years after starting lending and savings operations, BOPA portfolio partner in Myanmar; Alliance Microfinance have reached sustainable levels of operations and now serving more than 35,000 active clients.
BOPA nominated Directors on MFI Portfolio Boards; Niroshani Sawanawadu, Zhanna Zhakupova, Tatyana Lavrenyuk and Christian Andersen attended the “Strategic Response to Risk” workshop organized by Boulder Institute for Microfinance and IFC. This workshop followed a one day specialized training for the BOPA nominated Directors on 27 Nov 2016, where each... read more →
MFO Asian Credit Fund LLC (ACF) was awarded as the Leader of Industry 2016 following the results of the National Business Rating held under the aegis of the Union of National business-ratings of member-countries (Azerbaijan, Belorussia, Georgia, Kazakhstan, Russia, Uzbekistan, and Ukraine). Distribution of top awards according to the rating... read more →
Central Bank of Timor Leste has 23 August 2016 officially approved a definitive deposit taking license for BOPA partner in East Timor; KIF. This definitive license replaced the temporary license which KIF has been operating under since 1 March 2016. “This is very encouraging news and confirm our expectations that... read more →
BOPA CEO and COO participate in Financial Inclusion Equity Council meetings hosted by Triodos in Amsterdam 12-13 April 2016.
BOPA completes debt to equity conversion in KIF, East Timor and now holds 16.5% of the shareholding in this newly transformed deposit-taking institution (microfinance activities transferred from Tuba Rai Metin).
We continue to be impressed with the performance of Alliance in Myanmar and the Board of BOPA have therefore approved an additional equity investment to provide Alliance with funds to grow further.
I am very happy to share that during the past week, we have reached two important milestones in our portfolio companies: Alliance, Myanmar has now 10,000 active credit clients TRM, East Timor has reached a USD 10 million loan portfolio It is truly energizing to see how far these organizations have... read more →