BOPA Pte. Ltd.

In brief

BOPA is a holding company established in Singapore in 2013 by private individuals. It invests in regulated small (Tier 2 and 3) microfinance institutions (MFI) in Asia. The MFIs target underserved populations who would not otherwise have access to financial services. A large share of the MFIs’ clientele is female entrepreneurs and the rural population. Currently, BOPA’s estimated market value of its investment portfolio is USD 35 million and consists of 8 investments located in Kazakhstan, India, Myanmar, Kyrgyzstan, Cambodia, Vietnam, and East Timor. Finnfund participated in BOPA’s fundraising round with an investment of USD 3 million in 2017 and invested a further USD 1,5 million in 2018. BOPA seeks to invest in MFIs where it sees potential to develop the institution through good corporate governance, funding and efficient IT solutions to become a leading sustainable and socially responsible MFI in its region. The purpose of the latest fundraising round is to invest in selected existing portfolio companies and potentially in new companies.

Main development impact

Financial sector development promotes economic growth. Financial inclusion offers access to regulated financial services also to poor population. BOPA’s portfolio MFIs are Tier 2 and 3 institutions also offering very small loans (a couple of hundred USD) to the most vulnerable groups like women and the rural population. Providing loans to female entrepreneurs empowers women and offers the possibility of a better life for their families. Financing micro and small enterprises will create jobs and tax income in the target country. Additionally, BOPA actively develops portfolio companies’ social targets and practices using the SPI4 tool and framework. The project is classified as a gender project fulfilling the 2X Challenge criteria.

Investment details

Name: BOPA Pte. Ltd.
Project number: 80000028
Region: Asia
Country: Asia
Sector: Financial institution
Signing date (month/year): March 2020
Currency: USD
Finnfund's financing (commitment): 5,000,000
Instrument: Equity
Size of the project financing: USD 12,700,000
Share of Finnfund's financing (%): 39,30 %
Status: Active
Website: http://www.bopa-microfinance.com/

Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.

Other investments

Name Country Signing date (month/year) Currency Finnfund's financing (commitment) Instrument
BOPA Pte. Ltd. Asia August 2018 USD 1,500,000
BOPA Pte. Ltd. Asia May 2017 USD 3,000,000
March

Key facts

Name:

BOPA Pte. Ltd.

Sector:

Financial institution

Region:

Asia

Country:

Asia

Currency:

USD

Finnfund's financing (commitment):

5,000,000

Signing date (month/year):

March 2020

Last update:

June 2020