PRIMARY SERVICES

PRIMARY SERVICES

We offer three major service products to the enterprising poor to help uplift their economic condition:

Financings

  • Evenly divisible by a thousand (Ex. ₱1,000, ₱2,000, ₱5,000)
  • No upfront deductions (Ex. If the loan is ₱5,000, then this exact amount is released.)
  • The initial loan ranges from ₱6,000 to ₱10,000 depending on the borrower’s business or capacity to repay
  • Cost-Plus is 15% (for six months)
  • Payments are made weekly (₱50 for every thousand pesos borrowed by the client). There are 23 equal weekly payment (EWP) made for each cycle of six months.

Capital Build-Up (CBU)

  • CBU is an alternative micro savings service for clients designed to promote the idea of poor families saving for the future in order to meet family emergencies and other needs
  • Withdrawable at any time
  • Client can deposit an amount of ₱50 or more during the weekly collection meeting at her doorstep
  • Client earns rebates at 7% per annum
  • All excess savings are refundable on the same day a client leaves the program

Locked-in Capital Build-Up (LCBU)

  • LCBU is fixed and mandatory, and serves as a monitoring tool of a client's performance and a basis for determining a client’s loan renewal and any increase in loan amount
  • Client deposits ₱10 a week
  • Non-withdrawable although it is 100% refundable
  • Once the accumulated deposit amount reaches ₱2,400, 50% or ₱1,200 shall be transferred to the client's CBU account where she can withdraw it
  • Refundable on the day a client wishes to leave the program

History

ASA Philippines Foundation was conceptualized by Mr. Kamrul H. Tarafder. Mr. Tarafder started work in the microfinance industry with ASA Bangladesh.

Vision and Mission

ASA Philippines Foundation has made its commitment to three sectors. The first is a commitment to the marginalized poor sector for which the Foundation exists. 

Microfinance Program And Objectives

From a narrow financial services perspective, microfinance refers to the provision of uncollateralized 

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