A surge of P5 billion in new funding is poised to dramatically expand access to vital loans for small businesses across the Philippines. This substantial investment, secured through a multi-lender agreement, will fuel the growth of Asialink Group of Companies’ lending portfolio, directly impacting the nation’s economic engine.
The infusion of capital is projected to propel Asialink’s total loan portfolio to an impressive P60 billion by the end of the year, a significant leap from its current P48 billion. This expansion signifies a powerful commitment to supporting the often-overlooked micro, small, and medium enterprises that form the backbone of the Philippine economy.
Union Bank of the Philippines spearheaded the arrangement of this crucial facility, acting as the issue manager. Joining them as mandated lead arrangers and bookrunners are Land Bank of the Philippines and East West Banking Corp., all of whom are also participating as noteholders, demonstrating a unified belief in Asialink’s potential.
Robert B. Jordan, Jr., CEO of Asialink Group, emphasized the significance of this partnership, stating it reflects the deep trust placed in the company’s vision. He highlighted how this collaboration will enable Asialink to scale operations, refine its services, and deliver faster, more accessible financial solutions to entrepreneurs.
Samuel Z. Cariño, President and CEO of Asialink Finance Corp., underscored the company’s dedication to empowering Filipino entrepreneurs. The increased financial capacity will allow for more timely and accessible funding, fostering growth, innovation, and positive contributions to local communities nationwide.
This facility isn’t just about numbers; it’s a powerful statement about the growing confidence in the nonbank sector’s ability to drive financial inclusion. It provides a more efficient funding model, allowing Asialink to reach underserved entrepreneurs in rapidly developing regional markets.
Meynard M. Mendoza, Finance Director of Asialink Group, expressed enthusiasm for the partnership with UnionBank, emphasizing the alignment of their missions. Both organizations share a commitment to enabling businesses and communities through impactful financial solutions, fostering resilience and broader financial access.
Last year alone, Asialink Finance provided critical assistance to over 34,611 MSMEs throughout the country. Notably, the company also championed women-led enterprises, financing more than 3,000 businesses through its dedicated Women’s Access to Inclusive Support (WAIS) loan program.
