Asialink, Creador sign P4-b investment agreement to boost SME lending in PH
ASIALINK Finance Corp. and Creador, a Southeast Asian private equity firm, signed a P4-billion investment agreement to boost SME lending in the Philippines.
Asialink’s affiliates Global Dominion Financing Inc. and South Asialink Finance Corp. are also expected to benefit from Creador’s investment, amplifying its impact of more financial solutions for businesses across the country.
Asialink recognized the opportunity to expand its reach to the underserved market segment which consists of small business owners encountering challenges in securing financing through conventional financial institutions.
The collaboration between Asialink and Creador heralds a new era of growth and opportunity, promising to broaden access to SME funding throughout the nation, the two parties said in a statement.
Omar Mahmoud, managing director and country head of the Philippines at Creador said the collaboration with Asialink marks an exciting chapter for SMEs in the Philippines.
“Through our investment, we aim to unlock new avenues of growth and opportunity, empowering hardworking entrepreneurs to thrive in today’s dynamic business landscape while Asialink expands its footprint, particularly in Visayas and Mindanao, diversifies its offerings, and harnesses data-driven approaches to digitize its services,” Mahmoud said.
“Asialink has been instrumental to the thriving business community across the Philippines. However, we recognize that there is still a large underserved population who find it difficult to access proper funding for their businesses and participate fully in economic activity,” said Robert Jordan Jr., CEO of Asialink.