Asialink Group secures ₱5-billion funding to boost MSME financing nationwide
By Derco Rosal
At A Glance
- Asialink Group of Companies has signed a ₱5 billion corporate notes facility to expand its capacity to serve micro, small, and medium enterprises (MSMEs), particularly those with limited access to traditional banking channels.
Asialink Group of Companies (AGC) has signed a ₱5-billion corporate notes facility to expand its capacity to serve micro, small, and medium enterprises (MSMEs), particularly those with limited access to traditional banking channels.
Union Bank of the Philippines (UnionBank) arranged the facility as issue manager, with UnionBank, Land Bank of the Philippines (Landbank), and East West Banking Corp. (EastWest Bank) acting as lead arrangers, bookrunners, and noteholders.
“This corporate notes facility underscores our commitment to reaching more MSMEs nationwide,” AGC chief executive officer (CEO) Robert B. Jordan Jr. said in a statement.
Jordan said the partnership will help AGC expand operations, improve services, and deliver quicker, more accessible financing to entrepreneurs supporting local economic growth.
This credit facility was raised as demand grows for fast and flexible financing, especially among MSMEs adapting to changing market conditions, said the nonbank.
According to AGC, the fresh funding is expected to boost the company’s loan portfolio from ₱48 billion to ₱60 billion by year-end, allowing it to reach more entrepreneurs and support business growth nationwide.
Meynard Mendoza, AGC finance director, said the partnership boosts the nonbank’s ability to support MSMEs and provide financial solutions that drive growth in communities.
AGC operates through its subsidiaries—including Asialink Finance Corp. (AFC), Global Dominion Financing Inc. (GDFI), and South Asialink Finance Corp. (SAFC)—providing financial services to entrepreneurs with limited banking access.
As of end-January, AFC supported over 34,600 MSMEs across the country, including more than 3,000 women-led enterprises through its women-focused loan product.
“With the support of our consortium of partner lenders, we are better equipped to provide accessible and timely financing to MSMEs, helping them grow, innovate, and contribute to local communities across the country,” said AFC president and CEO Samuel Cariño.