18th MFC Annual Conference, Prague, Czech Republic,

5-6 November, 2015

Asian Credit Fund Microenterprise and SME lending

experience

During 2001 -2007 primary focus was secured development lending to small and micro enterprises

Mission of ACF was to foster job creation

Asian Credit Fund Microenterprise and SME lending experience

Loans disbursement

$22 mln.

Number of loans disbursed

5 528

Number of jobs created and sustained

22 000

Average outstanding loan balance at YE 2007

$7,200

(150% of GNI per capita)

Asian Credit Fund Microenterprise and SME lending experience

Differentiated Clients

Net Income Investment Pattern Typical MFI client 53% invested into the

business ACF’s client 80% invested into the business

Employment Level Typical MFI client provided 3 jobs on average ACF’s client 8 on average for micro loan

clients and 56 on average for SME loan clients

Asian Credit Fund Microenterprise and SME lending experience

Asian Credit Fund Microenterprise and SME lending experience

ACF implemented a sophisticated and nuanced lending methodCredit decisions based on deep understanding of client character, family situation & cash flows Direct marketing, referrals Site visit to the client's business Business development servicesStrategic partnerships to provide value-added services to clients

Asian Credit Fund Microenterprise and SME lending experience

2007 - 2009

SME sector had a 50% decline in income

Demand for loans decreased

ACF turned business to group lending

Asian Credit Fund Microenterprise and SME lending experience

New 2020 strategy

Asian Credit Fund Microenterprise and SME lending experience

Focuses on rural microenterprises, targeting women

Provide clients with business development services

THANK YOU!

www.asiancreditfund.com