ASA Philippines | MFIs in Philippines

Data provided through ASA Philippines

Gross Loan Portfolio USD, 2011: 36.1 million

Number of active borrowers 2011: 417,850

Average loan balance per borrower USD, 2011: 86.5

Deposits USD, 2011: 17.6 million

Assets USD, 2011: 33.2 million

Number of depositors 2011: 417,850

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 Foundation's mission. We are also committed to making our ... Read more

Address:

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

Pasig City

Manila

1605

Philippines

Phone:

+63 2 6877558

Fax:

+63 2 6311107

Email:

info [at] asaphil [dot] org

Website:

www.asaphil.org

Main Funding Sources:

Loans

Savings

Products and Services:

Loans

Voluntary Savings

Insurance

% Operations Comprised by MF:

91-100

Date established:

Jul 9 2004

FYE:

31-Dec

Current Legal Status:

NGO

Regulated:

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
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	1
Poor clients	1
Low income clients	1
+ 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	1
Other credit products offered:	1
Int ps offerothercreditloanstext c	Rehabilitation loan without any interest
+ Savings products offered
Voluntary savings accounts
Compulsory savings accounts (cash collateral)
+ Compulsory insurance products required
Other compulsory insurance required:	1
+ Voluntary insurance products offered
+ Other financial products and services offered
+ Non-financial services offered
+ Enterprise services offered
Enterprise skills development	1
Business development services	1
+ Education services offered
Financial literacy education	1
Other education services offered:	1
Int ps nonfinsvcedothertext c	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	1
+ Products and services targeting 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)	1
Means test

Partnerships

Current
Name	Relationship
Archdiocese of Lingayen-Dagupan	Funding
Assisi Development Foundation	Funding
Bank of the Philippine Islands
BDO-PHL	Funding
BPI Globe Banko	Funding
Ninoy and Cory Aquino Foundation	Funding