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- Title
ASA: Hope for the Poor.
- Authors
Aziz, M. Abdul
- Abstract
In the trend of transformation from an awareness enhancing organization to one of the largest, most efficient and cost-effective microfinance institutions, ASA has traversed a span of more than 34 years with priority focus on poverty alleviation. At the institutional level ASA has proven itself a pioneering Microfinance Institution (MFI) through developing a donor-free selfsustaining business model by 2001 replicated by more than 3000 branches throughout Bangladesh. Presently reaching over 5.5 million disadvantaged poor clients- 30 percent national market share- ASA has lent its demonstrated expertise to more than 17 countries. The impact assessment in the livelihood of its members revealed remarkable improvement in socioeconomic condition that enabled them to reduce poverty making them self-reliant. As a part of its planned strategy ASA has been discharging its social responsibility in education, health and agriculture alongside microfinance and plans ahead to reinforce the strategy so as to complement attainment of Millennium Development Goals(MDG) that call for reducing poverty in all forms by the year 2015.
- Subjects
MICROFINANCE; POVERTY reduction; UN Millennium Project; AGRICULTURAL economics; SOCIOECONOMIC factors; SELF-reliance
- Publication
ASA University Review, 2012, Vol 6, Issue 2, p247
- ISSN
1997-6925
- Publication type
Article