CMI intends to apply a large majority of its funds towards the rapid establishment and growth of ASA International in many of the largest microfinance markets in Asia and Africa. ASA International is the first truly international microfinance holding company serving low-income micro-entrepreneurs in densely populated countries in Asia and Africa. ASA International’s microfinance subsidiaries will provide financial services, such as credit, savings or insurance to low-income people or micro-enterprises located in poor and distressed communities that are unable to obtain proper access to traditional financial services.
ASA International established “Greenfield” operations in India, Nigeria, Pakistan, The Philippines, Sri Lanka and Ghana and is looking to establish operations in Indonesia and China. Each of these organizations follow the highly efficient and scalable ASA model in countries. In addition, CMI has investments in MFIs in Afghanistan and Cambodia.