ASA Philippines | MFIs in Philippines

Gross Loan Portfolio USD, 2011: 36.1 million

Número de prestatarios activos 2011: 417,850

Saldo promedio de crédito por prestatario USD, 2011: 86.5

Depósitos USD, 2011: 17.6 million

Assets USD, 2011: 33.2 million

Número de depositantes 2011: 417,850

Misión:

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 Foundation's mission. We are also committed to making our ... Leer más

Dirección:

Unit 509, Prestige Tower, F. Ortigas Jr. Ave.

Pasig City

Manila

1605

Philippines

Teléfono:

(632) 687-7558

Fax:

(632) 687-7558

Correo electrónico:

kamrul [at] asaphilippines [dot] org

Website:

www.asaphilippines.org

Principales fuentes de financiamiento:

Loans

Savings

Productos y servicios:

Loans

Voluntary Savings

Insurance

% Operaciones que incluyen MF:

91-100

Fecha en que se estableció:

Jul 9 2004

Fin de año fiscal:

31-Dec

Current Legal Status:

NGO

Regulada:

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
	1
Women	1
Clients living in rural areas	2
Clients living in urban areas	3
+ Development goals (ranked by importance)
Poverty reduction	1
Increased access to financial services	2
Development of start-up enterprises	3
Growth of existing businesses	4
Gender equality and women's empowerment	5
Children's schooling	6
Employment generation	7
Water and sanitation	8
Housing	9
+ Poverty targets
Very poor clients
Poor clients
Low income clients
+ Governance
Has trained members of its board on social performance management	Unknown
Has a formal board committee that monitors social performance	Unknown
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Microcredit loans for microenterprises
Rehabilitation loan without any interest
+ Savings products offered
Voluntary savings accounts
Compulsory savings accounts (cash collateral)
+ Compulsory insurance products required

+ Voluntary insurance products offered
+ Other financial products and services offered
+ Non-financial services offered
+ Enterprise services offered
Enterprise skills development
Business development services
+ Education services offered
Financial literacy education
Scholarships for the children of our clients for 4 years college education
+ Health services offered
+ Women's empowerment services offered
Counseling/legal services for female victims of violence
+ Products and services targeting the poor
Products and services specifically designed to target the poor:
+ Social responsibility to clients
+ Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Internal audits check household debt exposure, lending practices that violate procedures including unauthorized re-financing, multiple borrowers or co-signers per household, and other practices that could increase indebtedness.
Productivity targets and incentive systems value portfolio quality at least as highly as other factors, such as disbursement or customer growth. Growth is rewarded only if portfolio quality is high.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
Staff is trained to communicate effectively with all customers, ensuring that they understand the product, the terms of the contract, their rights and obligations. Communications techniques address literacy limitations (e.g. reading contracts out loud, materials in local languages).
Acceptable and unacceptable debt collection practices are clearly spelled out in a code of ethics, book of staff rules or debt collection manual.
The organization's corporate culture values and rewards high standards of ethical behavior and customer service.
A mechanism to handle customer complaints is in place, has dedicated staff resources, and is actively used. (Suggestion boxes alone are generally not considered adequate.)
Customers know how their information will be used. Staff explains how data will be used and seeks permission for use.
+ Cost of services to clients
Flat interest method
+ Social responsibility to staff
+ Human resources
Transparency on salary (a clear salary scale based upon market salaries)
Benefits (medical insurance, pension contribution)
Protection at work (safety, anti-harassment)
Equality (anti-discrimination, equal pay for men and women with equivalent skill levels)
+ Basis of staff incentives related to social performance
Ability to attract new clients from target market
Outreach to remote/rural communities
Outreach to women
Quality of interaction with clients based on client feedback mechanisms
Quality of social data collected
Portfolio quality
+ Social responsibility to the environment
This institution raises clients' awareness about environmental impacts
This institution trains/educates clients regarding environmental improvements
This institution identifies enterprises with environmental risk
+ Poverty measurement tools in use
Housing index
Participatory wealth ranking (PWR)
Means test