Asialink Finance Corp. secured a P1-billion credit line facility from Maybank Philippines to boost the financing landscape for micro, small and medium enterprises (MSMEs) in the Philippines.
The collaboration aims to increase Asialink’s loan releases and broaden its portfolio, empowering MSMEs with the financial support they need to thrive.
The contract signing took place on Oct. 29, 2024 at Asialink’s headquarters in Pasig City.
“We’re excited to expand our reach in the SME sector, not only by increasing the range of clients we can serve, but also by enhancing the level of service we extend to each one,” said Maybank president and chief executive Patrick Dennis Solosa.
“We’re committed to working closely with Asialink to meet all requirements, with our team fully invested in supporting their continued growth. Asialink holds a unique connection to Malaysia, and I personally ensure that any Malaysian-affiliated company operating in the Philippines will receive our bank’s dedicated support. We’re honored to be part of this partnership with Asialink, building on our shared history and looking forward to a future of continued success,” said Solosa.
Asialink chief executive Robert Jordan Jr. highlighted the impact the credit line facility would have on the company’s mission to support local businesses.
“With Maybank’s support, we can further our commitment to empowering Filipino entrepreneurs. This partnership enables us to expand our loan offerings, providing MSMEs with greater access to capital to grow their businesses and contribute to economic development,” said Jordan.
Asialink, one of the leading financing companies in the country, continues to prioritize the needs of MSMEs, recognizing them as key drivers of the country’s economy.
The collaboration with Maybank represents a strategic step forward in Asialink’s mission to create accessible financial solutions that drive business growth and sustainability for local enterprises, it said.
