The deal marks the first social syndicated loan for an NBFI in the Philippines. It also marks Asialink’s first-ever foreign loan.
Asialink will use the funds to provide fresh capital for lending to micro, small, and medium enterprises (MSMEs).
Robert B. Jordan Jr.
“MSME lending continues to fall short of the Bangko Sentral ng Pilipinas target, showing there’s still much work to be done to make financing truly inclusive,” said Robert B. Jordan Jr., CEO of Asialink Group.
He continued by stating that the partnership with Standard Chartered enables them to play a bigger role in bridging that gap by using global capital to support Filipino entrepreneurs.
The syndicated facility included participation from several other international lenders. They are Bank of China, Taichung Commercial Bank, Chang Hwa Commercial Bank, Hua Nan Commercial Bank, and First Commercial Bank.
With the new funding, Asialink projects its loan portfolio will grow from PHP 41.9 billion in June 2025 to PHP 48.7 billion by the end of the year.
The company will also use the capital to scale specific programmes. It includes instances such as the Women’s Access to Inclusive Support (WAIS) initiative. The programme has since financed over 1,000 women-led MSMEs earlier this year.
Mike Samson, CEO of Standard Chartered Bank Philippines, noted that the bank sees a partner in Asialink Group. The company has a proven track record in reaching underserved MSMEs across the Philippines.
Featured image: Edited by Fintech News Philippines based on an image via Freepik.