Alalay Sa Kaunlaran Inc. (ASKI)
The Alalay Sa Kaunlaran Inc. (ASKI) was born in October 1986 in the year of EDSA People Power Revolution where unemployment and poverty are widespread because of political issues and transition of leadership. Seeing the urgent needs and the difficult situation of the communities at that time, a group of Christian business leaders in Nueva Ecija decided to establish an organization that will help the people.
The organization was officially registered with the Securities and Exchange Commission (SEC) on March 23, 1987 as a non-stock, non-profit organization committed to the promotion and development of micro and small-to-medium enterprises and the delivery of social services. It formally launched operations on July 1, 1987. From its starting fund of P460,000 provided by the Maranatha Trust of Australia, the group reached out to small entrepreneurs, to the street players, to the movers of the micro economy that had no access to bigger funding institutions.
The organization slowly set up its Strategic Business Units to provide more services to its clients. It is now known as the ASKI Group of Companies, Inc. These institutions were part of innovations to address the socio-economic problems in the regions of our operation: Alalay sa Kaunlaran Microfinance Social Development, Inc., ASKI Mutual Benefit Association Inc., ASKI Foundation Inc., ASKI Multipurpose Cooperative, ASKI Skills and Knowledge Institute, Inc., ASKI Global Limited, iSynergies Inc., ASKI School of Knowledge, ASKI Employees Credit Cooperative, , and Royal Bon Voyage Travel and Tours.
After more than 30 years in the development industry, ASKI Group of Companies, Inc. has achieved great milestones and surpassed steep challenges in its journey. From a small office in Cabanatuan City, ASKI blossomed and continuously grows to serve not only those in the rural communities but overseas Filipino workers as well. Currently, ASKI has a total portfolio of Php1.7 billion with 98 branches in Regions 1, 2 and 3 and serving more than 120,000 clients and insuring more than 800,000 members and their families
The organization has also created its name in local and international front in bringing about change to the lives of many and innovating its strategies to better cater the needs of the people. It has developed trust and entered partnerships to different institutions inclined to the mission of ASKI. Similarly, ASKI has strengthened its alliance with its fellow institutions in the industry across the country to work together to better address the needs of poor families.
In 2015, ASKI welcomed Republic Act 10693 or the “Microfinance NGOs Act” that strengthens non-government organizations engaged in microfinance operations. The law benefits and protects microfinance institutions and more importantly its delivery of services to micro entrepreneurs and unbankable poor families.
Our Strategic Business Units
Alalay Sa Kaunlaran Microfinance Social Development, Inc.- the credit arm of the ASKI Group of Companies, Inc. (AGC). It offers loan products ranging from livelihood, agriculture, housing, water and sanitation, education, green energy, insurance and salary loans.
ASKI Mutual Benefit Association, Inc. -the in-house insurance arm which promotes the welfare of the poor and extends financial assistance to its members and immediate family in forms of death benefits, medical subsidy and loan redemption assistance.
ASKI Foundation Inc.- the corporate social responsibility (CSR) arm of the AGC. The main assistance to
families, groups and communities include, Education, Health, Outreach and Environment, and Community Development Services.
ASKI Multipurpose Cooperative- provides marketing venues to microentrepreneurs and sell commodities at reasonable price, offers savings and deposit program among members and loans for small and medium enterprises. The business lines of AMPC include the renewable energy program, convenience store, bigasan, restaurant, and water refilling station, among others.
ASKI Skills and Knowledge Institute Inc. – it conducts training programs for ASKI personnel, clients and other organizations. It offers technical and vocational courses like microfinance technology course, bookkeeping, housekeeping, cookery and information and communication technology. It also offers its Senior High School Program having received permits to operate Grades 11 and 12.
ASKI Global Limited- promote inclusive development among Filipino migrant workers in Singapore. Courses on Financial Education and Basic Entrepreneurship are being offered to unleash the entrepreneurial spirit and change the remittance behaviour of migrant workers. It aims to achieve asset building, job generation and family reunification.
iSynergies, Inc.- takes charge of technological breakthroughs in order to serve ASKI staff and clients through the various in-house applications and systems developed by IT professionals on-board the company. It also provides other hardware products like computers, CCTV, printers and many others.
ASKI School of Knowledge Inc.- provides free pre-elementary education, health and nutrition coupled with values formation to less privileged children below 7 years old in Cabanatuan City.
ASKI Employees Credit Cooperative – is a cooperative owned and managed by ASKI employees. Its primary objective is to help improve the quality of life of its members- the ASKI personnel.
Royale Bon Voyage Travel and Tours Corporation- caters the travel needs of everyone and promotes local products and eco-tourism site in the areas where ASKI operates through the ASKI ProdukTurismo.