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 →
BOPA (Base of Pyramid Asia) has concluded additional equity investment into Alliance for Microfinance in Myanmar (Alliance), bringing its shareholding to 49%. Alliance, which was founded by FIDES of Switzerland and BASIX of India with support of UN Capital Development Fund, is a deposit taking MFI, which started operations in... read more →
BOPA (Base of Pyramid Asia) has concluded a 20% equity investment into MDO “MATIN”, which is a deposit taking MFI in Tajikistan. MDO “MATIN” started operations in 2009 and is currently serving around 13,000 clients. Mr. Christian Andersen, CEO of BOPA, said: “MDO “MATIN” is a very well managed institution... read more →
BOPA has concluded a USD 1 million subordinated convertible debt investment in Chamroeun Microfinance Limited, Cambodia, to enable the institution to continue growing its loan portfolio targeting poor entrepreneurs in urban and peri-urban areas in Cambodia. Niroshani Sawanawadu, COO of BOPA, stated: “We are very happy to conclude the investment... read more →
BOPA (Base of Pyramid Asia) concludes a USD 2.75 mio capital raise to fund further growth of BOPA´s equity investments in microfinance institutions (MFIs) in Asia. Download the full press release here