ASKI provides credit to those who does not have access to financial institutions, establishing market links and networks with private and public sectors, promotion of organizational effectiveness, sufficiency and relevance to cope with a changing environment and organizing peoples organizations to become effective mechanism in effecting a participatory, community-driven development.
We change the image of the poor, being viewed as a male farmer needing subsidized agricultural credit; we came to see them as generally female micro-entrepreneurs with no collateral to pledge but with a business world to overcome with the help of micro credit. ASKI is gender sensitive, giving opportunities for both the male and female capitalists.
We serve communities through our Three Pronged Strategy:
- Microfinance Development
- Integrated Community Development
- Business Development and Support Services
Before introducing the products in an area, one of the basic activities done by ASKI is the coordination with the local government units, down to the barangay level.This is not just a way of protocol but also a marketing strategy through the endorsement of the Organization by the local officials. For its competitor, ASKI shall continue to coordinate with them to avoid possible double funding.
I.
- Alalay Sa Kabuhayan Program (AKP) also known as Trust Bank Loan Program
A self -help group lending program that encourages borrowers to organize and form groups in order to avail loans for income generating projects. It integrates community organizing with economic activity, thereby promoting clients' unity, cooperation, leadership and value formation. Loans are collateral free, thus benefiting poor entrepreneurs. In place of collateral, the self-help groups apply peer pressure amd mutual guarantee mechanisms to encourage memebrs to pay their obligations on time.
- ASA Methodology
The target people are landless laborers, marginal farmers and market vendors having an asset of not more than fifty thousand pesos and have monthly average income of not more than P800 per month per person in the family. Like the Alalay Sa Kabuhayan Program, the clients form groups or centers and hold weekly meetings, wherein weeekly amortization of payments is done. One of the best features of this methodology is the individual accountability of each member, which is best fitted in the urban areas.
- Individual Lending Program (ILP)
Provides loans to individual home - based business owners outside the public market or central business district. This program covers owners of small variety stores, food shops, novelty stores or other small establishment located inside residential properties
- Small Market Vendors Lending Program
It offers loans to certified stall owners and occupants within the public market or central business district. The service aims to expand operating capital and simulate the growth of the business establishments
- Fully Secured Lending Program
It is extended to enterprises located within or outside the central business district. This is extended to business owners in need of bigger or additional capital (Php 50,000 - 150,000) for expansion purposes. This loan is fully supported by physical collateral like land titles and other securities.
- Agricultural Loan (Agri-Loan)
This loan caters to agri-business such as farming, livestock, and other livelihood in the agrarian communities
- Salary Loan
This loan product aims to open credit facilities to employees of the local government unit and selected private companies.
II.
Capital Build-Up (CBU)
The fund is made up of compulsory savings required bty the Organization which aims to instill value of thrift and savings among clients. Every borrower set aside a modest amount of the loan amortization for his or her capital build-up fund. A member is required to save at least 15% of the total approved loan. Over time, every client gradually saves and accumulates his or her own business capital. CBU can only be withdrawn when the client no longer wants to avail of loan.
Emergency Fund (EF)
It focuses on savings generation of self-help groups. Each group is encouraged to save for emergency situation that may arise from calamity, education, medical, and other needs. A member it required to save at least ten percent (10%) of the total approved loan.
III.
Mutual Aid Fund (MAF)
This program aims to assist clients in time of death and dissability. Clients pay a certain amount upon release of loan as insurance premium. ASKI, in turn, tapped the services of out outside insurance provider, Sun Life Philippines, for the Insurance. Currently, ASKI is in the process of organizing the ASKI Mutual Benefit Association to further improve the insurance services provided to clients.
|
