18 th MFC Annual Conference, Prague, Czech Republic, 5-6 November, 2015 Asian Credit Fund Microenterprise and SME lending experience

 During 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 Number of jobs created and sustained 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

ACF implemented a sophisticated and nuanced lending method  Credit decisions based on deep understanding of client character, family situation & cash flows  Direct marketing, referrals  Site visit to the client's business  Business development services  Strategic partnerships to provide value-added services to clients Asian Credit Fund Microenterprise and SME lending experience

 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

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