ADB adds ₱2.9 billion to Asialink's credit line for MSME push
By Derco Rosal
Asialink Finance Corp. (AFC) has secured an additional $50 million, or about ₱2.95 billion, in funding from the Asian Development Bank (ADB) by joining the Manila-based multilateral lender’s credit facility.
The fresh package raises Asialink’s total credit facility to $165 million (about ₱9.72 billion), providing the Manila-based non-bank financial institution (NBFI) with more capital to support micro, small, and medium enterprises (MSMEs) across the Philippines next year.
Asialink reported closing the year with a six percent growth in loan disbursements, totaling ₱16.6 billion across its loan portfolio.
The company has served nearly 19,300 MSMEs as of December and has opened 250 branches nationwide. It has also launched financing products specifically tailored for women.
“The additional $50 million from the ADB credit facility will provide crucial resources to further empower MSMEs across the country, creating more opportunities and supporting their vital role in driving economic growth, generating jobs, and fostering inclusive development,” the company said.
Asialink President and CEO Samuel Cariño said the milestone reflects the company’s continued commitment to supporting Filipinos.
Since January, Asialink has formed collaborations with the International Finance Corp. (IFC), Mega International Commercial Bank Co. Ltd. (Mega ICBC), and Standard Chartered Bank (SCB).
“As AFC gears up for 2026, the company is set to diversify its loan offerings and expand its nationwide footprint, targeting nearly 300 branches by year-end,” Asialink stated.
Asialink is also considering moving up the initial public offering (IPO) it announced in early 2024 to 2027. This acceleration is reportedly on the table, contingent on the company reaching the 3.5 debt-to-equity ratio set by its lender by the end of that year.