OFFICE OF THE PRESIDENT • REPUBLIC OF THE PHILIPPINES
QUICKNEWS
     
  Alalay Sa Kaunlaran (ASKI), Inc.

Contact number:
(044) 940 - 1800
(044) 463 - 5770
     

Background

ASKI is a non- stock, non-profit Microfinance NGO, which was established in 1986. Its initial operation was focused in Central Luzon, catering to the needs of micro entrepreneurs who had limited access to financial services. In 2003, ASKI expanded its operations to include some parts of Northern Luzon particularly Regions I and II. Today, it has 38 branches in 11 provinces in Luzon.

Recently, ASKI goes global to assist the hardworking domestic helpers in various parts of the world in identifying, organizing and establishing a business for their families in the Philippines, by way of technical assistance and business coaching. Its first international branch was established in Singapore.

ASKI is providing the following services to its members:

  • Alalay sa Kabuhayan Program (AKP) : This program encourages the borrowers to form groups in order to avail of loans for income-generating projects.
  • Individual Lending Program (ILP) : for individual borrowers with relatively larger loans than those under the group based lending. It offers a wide range of financial services to micro-entrepreneurs to expand their business and increase family income.
  • Alalay sa Magsasaka Program (AMP) : for additional capital of members who  are engaged in agribusiness.
  • Alalay sa Pabahay Program (APP) : for the construction of a new house or acquisition of lot or house and lot purchase as well as repairs and improvements

ASKI has adopted a holistic and inclusionary approach in its micro-lending activities by providing support services to its members through livelihood training activities, value formation programs, and business coaching.

 

Features/Requirements for Housing Loan

Eligibility of Borrowers

  • Qualified ASKI clients
  • Capital Build-Up: at least 15% of loan amount

Loan Purpose

  • Construction of new houses
  • Repairs and improvement of an existing house
  • Lot purchase
  • Purchase of construction materials

Loan Amount

             P10,000 to P300,000.00

Loan Term

             Loans below P50,000:           6 months to 1 year
             P50,000 to P150,000:            1 to 2 years
             P150,000.00:                           3 to 5 years
             *Note: Loan terms are based on repayment capacity

Areas of Coverage

             Major growth areas in the provinces of:

    1. Nueva Ecija
    2. Bulacan
    3. Isabela

Collection System

             Repayment of loans is collected by an Account Officer on a weekly basis
             during Center meetings.

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