Portfolio Company
ASA Kenya, ASA Tanzania, ASA Uganda
FSP · Kenya
ASA Kenya is a financial servicer provider (FSP) offering low-income female business owners small loans to start or grow businesses. Their lending approach is based on individual lending via client groups, without joint-liability. Over the last 10 years, ASA Kenya has expanded to become one of the largest FSPs in Kenya, serving 162k borrowers, 99% of which are women. ASA Tanzania, one of the largest FSPs in Tanzania in terms of geographical coverage and branch network, is a financial service provider operating in Tanzania. A typical borrower is a woman (99% of clients are women) in an urban or peri-urban area engaging in small-scale trading activities. ASA Uganda, similar to ASA Tanzania, has become one of the largest FSPs in Uganda, in terms of geographical coverage and branch network. As of March 2025, 100% of its clients were women and about 74% of borrowers were in rural areas.
Capital Relationships
Fund Investment · Active · Songbae analysis