- ASA Pakistan received the Microfinance Banking (‘MFB’) licence from State Bank of Pakistan (‘SBP’) on 24 May 2022 and is expected to receive a formal certificate of commencement any time.
- In 2022 the Digital Credit Providers Act took effect, which prohibits credit only microfinance institutions (MFIs) to take collateral. MFIS to apply for a Digital Credit Providers license, Microfinance Bank license or any other suitable license.
- State Bank of Pakistan completed the inspection of ASA Pakistan in 2021. ASA Pakistan is now awaiting the final license.
- ASA Tanzania and ASA Kenya are preparing the application for a deposit-taking licence to be submitted to the central bank.
- ASA Pakistan received a no objection certificate from the State Bank of Pakistan to become a microfinance bank
- ASA Myanmar received a full deposit-taking licence
- ASA Nigeria established following the merger of ASIEA and ASHA Microfinance Bank Limited
- Lak Jaya became a deposit-taking microfinance company in Sri Lanka
- ASHA Microfinance Bank obtained national wide licence, ASHA Microfinance Bank and ASIEA NGO merger is in progress in Nigeria
- ASA Zambia commenced operations
- Completes premium listing on the Main Market of the London Stock Exchange
- Received licence to commence business in Zambia
- MFI Licence received in India
- Finance company licence received in the Philippines
- Establishes MFIs in Rwanda and Sierra Leone
- Company secures a U.S.$20 million loan from Overseas Private Investment Corporation
- Establishes MFIs in Myanmar and Tanzania
- Establishes MFIs in Kenya and Uganda
- Receives savings & loans bank license in Ghana
- Receives a microfinance bank license in Nigeria
- Establishes MFI in Nigeria
- Establishes MFIs in Ghana, India and Pakistan
- Acquires an MFI in Sri Lanka
- April: Incorporated
- Company secures a U.S.$20 million loan from the Bill and Melinda Gates Foundation
- Establishes an MFI in the Philippines
- Loan officers, area and district managers use tablets which simplifies loan administration
- AMBS real-time implementation completed in nine out of 13 countries
- A real-time mobile app is rolled-out in countries where real-time AMBS is implemented. It is used for collection, client admission and loan application processing
- Tablets rolled out to all loan officers