Photo courtesy of Christina @ via Unsplash.

Citi Philippines grants $20m loan to financially assist low-income women entrepreneurs

ASA Philippines Foundation supports 2 million women across the country.

Citi Philippines has given a $20m loan to ASA Philippines Foundation aimed at providing financial assistance to low-income women for entrepreneurial ventures in the country.

The loan is expected to support nearly 70,000 women entrepreneurs in the Philippines, the bank said in a press release.

The financing for this loan was structured under the Global Inclusive  Finance Framework risk-sharing facility with the United States International Development Finance Corporation (DFC).

ASA Philippines Foundation is said to be a non-profit, non-stock financial institution that serves over 2 million women entrepreneurs through more than 1,600 branches across 82 provinces in the country.

The foundation also provides an array of services to their clients including burial  assistance, college or university scholarship programs, disaster relief assistance and  rehabilitation, business development training and marketing support, medical missions,  child feeding and out of school youth training for the families of their beneficiaries.

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!