For an undisclosed price, Base of Pyramid Asia (BOPA), a Singapore-based equity investor in small, Asian microfinance institutions (MFIs), recently purchased a 20-percent stake in Matin, a Tajikistan-based microfinance deposit organization (MDO). BOPA CEO Christian Andersen said, “…we look forward to making economic and social impact together with our partner MDO Matin.”
Founded in 2009, Matin is based in the city of Khujand. As of 2013, Matin reports to the US-based nonprofit Microfinance Information Exchange assets of USD 21.4 million and a gross loan portfolio of USD 14.6 million. As of 2013, Matin reported deposits held in the amount of USD 9.7 million. As of 2015, the institution serves 13,000 clients.
Founded in 2013, BOPA holds stakes in MFIs in Cambodia, East Timor, Kazakhstan, Kyrgyzstan, Myanmar and Vietnam.
By Meredith Steih, Research Associate
Sources and Additional Resources
[1] Direct communication with BOPA
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