The vast majority of MSEs, lacking adequate access to credit worldwide, are based in Asia. This region is often identified as having the highest potential for strong financial sector development. Around 70% of the lower income population in South and Southeast Asia does not have access to formal financial services. The unmet credit needs of a significant number of MSEs further emphasises the potential for development of the financial sector in the region.
The largely untapped market in South and Southeast Asia forecasts solid economic growth and houses around one third of the world’s population, thus, providing an exciting potential business opportunity. By utilising funds sourced from our investors and lenders, who seek financial and social returns, we are able to create and implement suitable financial services for MSEs.
We believe we can achieve our vision of being the market leading multinational financial services company for MSEs in India and Southeast Asia by maintaining our accelerated growth through our four interlocking strategies:
We have set ourselves a medium term (year 2020) target to: