Experienced management team executes proprietary ASA Model in 13 high-growth markets
The Group’s risk profile is diversified across 13 high-growth markets in Asia and Africa. The COVID-19 pandemic occurred in every market where the Company operates simultaneously. The Group does, however, see that the impact on its clients was very different from country to country and the Company still benefited from this diversification.
The Group’s experienced management makes sure the Company executes its proprietary microfinance ‘ASA Model’ in a disciplined way across all markets. The model is based on the following principles:
- All entities have the same policy and procedures for client mobilisation, selection, loan disbursement and collection.
- The risk management features embedded within the ASA Model, such as ‘high-touch’ client interaction, income-generating loans only and ongoing assessment of client needs and satisfaction, have a positive impact on the Group’s returns and risk profile.
- The AMBS, which has been developed in-house, supports the scalability and the introduction to digital financial services if and when its clients are ready.
**PAR>30 is the percentage of gross on-book OLP that have one or more instalment repayments of principal past due for more than 30 days, but less than 365 days, divided by total outstanding on-book gross loan portfolio. Credit exposure of the India off-book BC portfolio is capped at 5% of the outstanding portfolio amount. The off-book DA portfolio has no credit exposure.