About Alalay Sa Kaunlaran (ASKI), Inc.

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ASKI is a not-for-profit organisation that was formed by a small group of Christian business leaders 30 years ago with the aim of alleviating poverty and promoting socio-economic development through financial and non-financial services in the province of Nueva Ecija (Central Luzon). They started by offering simple credit and insurance products to marginalised, rural communities and have since expanded into a large operation with 75 branches (including an international branch in Singapore).


What is ASKI’s mission?

ASKI's mission is 'to promote socio-economic development through client-focused financial and non-financial services anchored on Christian principles.'


What types of financial services does ASKI provide?

ASKI provides a wide variety of services to marginalised and rural communities in Northern and Central Luzon. The microfinance arm of the organisation offers credit and insurance services as well as savings facilities for its members. Credit predominantly comes in the form of group and individual loans, to low-income sectors engaged in microenterprise and agriculture. In addition to standard microloans, ASKI also offers educational, housing, SME and social impact (WASH & solar energy) loans to its members. Loans range from approximately $200 for community-based group loans to loans of more than $20,000 for Small-Medium Enterprises (SMEs). ASKI borrowers are expected to save each month. Savings accrue an annual interest of 2% and can be taken out at any time but borrowers are expected to keep a minimum amount of 2,000 Philippine Pesos (about $45) at all times throughout the length of the loan term. The total number of borrowers as of December 2016 was 102,984.


How much interest does ASKI charge?

Microfinance institutions (MFIs) charge higher rates of interest for several reasons. Firstly, the administrative costs of making many small loans are much higher than making fewer larger loans; secondly, they take more time assessing the feasibility of applications and thereby reducing risk because borrowers cannot offer traditional forms of collateral nor do they have salaried incomes; thirdly MFIs often operate in geographically remote areas with low population densities and this means that they incur greater operational costs; and fourthly they often accompany loans with a range of training and technical advice. In addition, inflation is generally higher than in countries such as the UK. The rate of inflation in the Philippines can be found below. ASKI charges annual interest rates of between 18-36% on a declining balance.


Does ASKI provide any training?

Yes, ASKI provides extensive training and community services to its members. These include:

· Financial literacy and business management training

· Value chain financing

· Health and nutrition programmes

· Infrastructure and water sanitation projects

· Disaster relief operations

· Environmental awareness activities.


Where can I find out more information about ASKI?

Further information about ASKI can be found at the organisation’s website at www.aski.com.ph or on the Mix Market.


ASKI: Basic facts and figures


Full name:   Alalay Sa Kaunlaran Inc. (AKSI)
Established:   1986
Average loan size:   US$312
Number of active borrowers:   102.984
Number of depositors:   62,104
Proportion of loans given to women:   68%
Total loan portfolio:   US$35,419,910
Portofolio at Risk (PAR) at 30 days:   11% (as of December 2016)

(This information was accurate as at end of December 2013, unless otherwise stated)

Philippines: Basic facts and figures




Country:   The Philippines
Capital:   Manila
Official language:   Filipino
Population:   101,76 million
GDP per capita (current US$):   2,872.5
Inflation:   0.9%
Human Development Index ranking:   115 (of 188 countries)
Proportion of population living on less than $2 per day:   45%
Adult literacy rate:   97.5%
Under 5 Infant mortality rate (per 1000):   28
Life expectancy:   73.01 years
Currency:   Philippine Peso

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