November 22, 2019
ASKI recognized during the 10th European Microfinance Award
The ASKI Group of Companies, Inc. (AGC) was recognized as one of the three finalists in the 10th European Microfinance Award held at the European Investment Bank in Luxembourg on November 21, 2019.

ASKI was chosen for its initiative on disaster preparedness at the institutional and community level for this year's theme "Strengthening Resilience to Climate Change". ASKI has increased disaster preparedness in several ways, including the setup of a Disaster Risk Reduction team; publication of a guidebook on Disaster Risk Reduction and Business Continuity Planning for MFIs, a joint publication of Oiko Credit and ASKI; the establishment of a resiliency fund with dedicated client savings intended for disaster relief and recovery; creation of rehabilitation loans and bridge loans for heavily affected clients, with a grace period and lower interest rate and fees; and enrolment of clients in micro-insurance products to mitigate risk.

The European Microfinance Award is one of the highlights of the European Microfinance Week organized annually by the European Microfinance Platform, e-MFP, Luxembourg Minister for Development Cooperation and Humanitarian Affairs, Luxembourg European Investment Bank and the Inclusive Finance Network Luxembourg.
AGC President and CEO Rolando B. Victoria receives from Ms. Paulette Lenert, Luxembourg Minister for Development Cooperation and Humanitarian Affairs the Certificate for AGC and the cash prize of € 10,000 as the runner-up of the 10th European Microfinance Award. Looking on are the members of the High Jury.
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