ASA International Group PLC Statement regarding Md. Shafiqual Haque Choudhury (0042P)
February 12 2021 - 10:22AM
UK Regulatory
TIDMASAI
RNS Number : 0042P
ASA International Group PLC
12 February 2021
ASA International Group plc statement regarding Md. Shafiqual
Haque Choudhury
Amsterdam, The Netherlands, 12 February 2021 - ASA
International, ("ASA International", the "Company" or the "Group"),
one of the world's largest international microfinance institutions,
announces with great sadness the passing of the Co-Founder and
President of ASA International and the Founder and President of ASA
NGO-MFI Bangladesh, Md. Shafiqual (Shafiq) Haque Choudhury, on 12
February 2021.
For health reasons, Mr Choudhury resigned as a Director and as
Chairman of ASA International, with effect from 31 December 2020.
At the request of the Board, he was assigned the role of President
as of 1 January 2021. Guy Dawson was appointed Chairman of the
Board as of 1 January 2021.
Dirk Brouwer, Chief Executive Officer of ASA International,
commented:
"Shafiq was one of the world's pioneers and global leaders of
microfinance and financial inclusion. He committed his life towards
the improvement of the civil rights and livelihoods of low-income
people in Bangladesh and around the world. In 1978, he founded ASA,
the Association of Social Advancement, in Bangladesh, to improve
the civil rights and promote social development, initially through
community programs in rural Bangladesh.
In 1992, when Shafiq realised that he could more effectively
improve the livelihoods and thereby the civil rights and status of
women in Bangladesh by offering microfinance, he transformed ASA
into a microfinance institution. Shafiq revolutionised the world of
microfinance by developing the ASA Model of Microfinance, an
extremely low-cost and highly efficient model, which enabled ASA to
provide much needed capital at low cost to the small businesses of
many millions of female micro-entrepreneurs in Bangladesh. Many
microfinance institutions around the world were supported with the
help of Shafiq and ASA to adopt the ASA model and often succeeded
in becoming the leading microfinance institutions in their own
countries. Following the establishment of ASA International in
2007, the ASA Model has been exported to 13 countries across Asia
and Africa.
Shafiq was a transformative and inspiring leader and a guardian
for many, yet he remained a humble person, never losing sight of
his social mission. He will be dearly missed."
Enquiries:
ASA International Group plc
Investor Relations +31 6 2030 0139
Véronique Schyns vschyns@asa-international.com
About ASA International Group plc
ASA International is one of the world's largest international
microfinance institutions, with a strong commitment to financial
inclusion and socioeconomic progress. The company provides small,
socially responsible loans to low-income, financially underserved
entrepreneurs, predominantly women, across South Asia, South East
Asia, West and East Africa.
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