About ASA Philippines
About ASA Philippines
PreviousNext
Brief History
In the younger years of his life Mr. Kamrul H. Tarafder worked in ASA Bangladesh. Starting in
1998 he worked both under ASA and the United Nations Development Programme for five
years, teaching the ASA methodology to more than twenty microfinance institutions (MFIs) in
the Philippines.
The former employee of ASA Bangladesh met with Ambassador Howard Dee (former
ambassador of the Philippines to the Vatican) sometime in August 2003, when they discussed the
social and economic benefits received by the poor from microfinance operations. Soon after, in
2004, with donations from Assisi Development Foundation and the Benigno Aquino Foundation,
ASA Philippines Foundation came to be. With its excellent performance in the field, ASA soon
became one of the youngest, fastest growing and best performing MFIs in the Philippines.
Vision
We are a not-for-profit organization devoted to helping an increasing number of poor Filipino
families rise out of poverty by providing microfinancing to help them establish or otherwise
improve their own micro-enterprises that shall result in increasing family incomes and savings
while giving them greater access to life support goods and services, in the most cost-effective
sustainable manner.
We will be able do this because we will be the best managed MFI offering the best value for
money MFI packages in the Philippine market.
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. The second
commitment is to the staff members who are dedicated to the Foundations mission. We are also
committed to making our founders and patrons vision a reality. To these ends, we shall:
deliver the highest value for money and client-responsive microfinance and
supplementary products and services to the poor through the enterprising women of the
family;
create the best place to work in, where every staff member has the chance to live in
dignity, develop a career path and have the fulfillment of changing peoples lives and
their own;
eventually develop other sustainable interventions supplementary to microfinance such as
providing scholarships for deserving children of clients; and
be self-sustaining and be the best managed microfinance institution in the Philippines.
Primary Services
There are three major service products being offered to the enterprising poor for the
improvement of their economic condition. The following services are being offered:
Loans
Evenly divisible by a thousand (Ex. 1,000, 2,000, 5,000 etc.)
No upfront deductions (ex: if the loan is 5,000, then this exact amount is released)
Loan is initially between 6,000 to 10,000 (depending on the business or pay off
capacity of the borrower)
Interest rate is 15% (for six months)
The payments are made weekly (50 for every thousand pesos borrowed by the client).
There are 23 repayments made for each cycle of six months.
Our core values guide our relationship with all our stakeholders, employees, and the conduct of our services to
clients. These are:
Servanthood Each one working with a servant heart.
Stewardship Each one taking responsibilities as faithful stewards.
Integrity Each one doing what is right despite the cost even when no one is looking.
Excellence Each one working for the glory of God.
RELATED LINKS:
TSPIs Programs and Services
TSPI Board of Trustees
TSPI Partners
Publications
TSPI Mutual Benefit Association, Inc.
Search
Search for:
MANAGER for Claims, Documentations and Communications
AUDITORS
Product Development Services (PDS) Officer
AUDIT MANAGER
COMPANY LAWYER
CELEBRATING A DECADE OF FAITHFULNESS
FROM RAGS TO RICHES
TSPI WALKS FOR LIFE