ASKI provides credit to those who does not have access to financial institutions, establishing market links and networks with private and public sectors.
ASKI MUTUAL BENEFIT ASSOCIATION
Aims to promote the welfare of the poor and extend financial assistance to its members in the form of death benefits, medical subsidy, pension and loan redemption assistance.
ASKI is about microfinance and beyond - serving, supporting, educating, and empowering people and communities. In pursuit of ASKI's vision, it continues to find ways to better serve and respond to the needs of ASKI communities.
ASKI MULTIPURPOSE COOPERATIVE
ASKI MultiPurpose Cooperative provides marketing venues to Micro entrepreneurs and commodities at reasonable price through its One-Stop Shop.
ASKI SKILLS AND KNOWLEDGE INSTITUTE
Serves as the capacity building arm of the ASKI group of institutions and business units with courses on technical, financial, entrepreneurial, and social aspects to build capacities of ASKI management, staff and clients.
ASKI GLOBAL LIMITED
The organization is wholly committed to helping the overseas foreign worker (OFW) communities be economically and socially developed by harnessing on their potentials.
ALALAY HOLDING AND TRADING CORPORATION
Classified as profit organization - AHTC earnings shall be utilized to further fulfill social development programs and other services of ASKI.
iSynergies' main function is to provide and support business communities to meet information technological infrastructure requirements such as computer based management information and technical support.
ASKI EMPLOYEES CREDIT COOPERATIVE
ASKI Employees Credit Cooperative is a cooperative owned and managed by ASKI employees who have voluntarily joined together to achieve a common bond of interest.
ASKI SCHOOL OF KNOWLEDGE, INC.
ASKI School of Knowledge Incorporated's primary purpose is to provide formal learning education that will help develop the academic and social foundation of children.
May 13, 2015
ASKI Global Ltd. holds inclusive dev’t and migration forum in Singapore
Leaders, implementers, government agencies and non-profit organisations convened during the Inclusive Development and Migration Forum organized by ASKI Global Ltd. last February 7 at the National University of Singapore. The activity is aimed at addressing issues to the improvement of socio-economic status of migrant workers and their families.
According to ASKI Global Chief Executive Officer Irma Cosico, the organization recognises the inclusion of migrant workers and their families as an important market that needs to be looked at. The forum served as an avenue where inclusive development practices are shared not only in the field of remittance, but also in financial education, microfinance and social entrepreneurship.
“It is our belief that integrating these areas in any development intervention for migrant workers can result in real inclusive development,” she added. Among the areas shared and discussed development efforts in harnessing the potential of migrant workers were (1) Leveraging Remittances for Development, (2) Financial Capability and Technology, (3) Crossborder Microfinancing and (4) Encouraging Social Entrepreneurship for an Inclusive Future.
In the opening remarks, Chua Thian Poh Community Leadership Programme of National University of Singapore Director Associate Professor Albert Chu-Ying Teo, and Citi Commercial Bank Managing Director and Head Hsiu-Yi Lin noted on the plight of migrant workers, particularly on how their remittances are being utilised.
Lin stated that less than 10% of global remittances are used for savings and productive investments and FORUM. The speakers during the Inclusive Development and Migration Forum with ASKI Global Ltd. CEO Irma L. Cosico held at National University of Singapore last February 7. the remittances migrant workers generate have limited positive impacts on their families as well as their communities.
Professor Teo, on the other hand, said: “Now, as we move forward from Millennium Development Goals to Sustainable Goals, the question all of us should ponder on is: “how do you unlock the potential of remittances and channel these funds to support sustainable and inclusive development?.”
Department of Finance of the Philippines Undersecretary Gil Beltran highlighted in his keynote speech how the Philippines maximises the benefits of remittances to the national economy through initiatives such as the Financial Learning Campaign of the Bangko Sentral ng Pilipinas (BSP) as well as the National Strategy of Microfinance.
“We discovered that the most effective way of enhancing the value of remittances is by encouraging the overseas Filipinos and their dependents to save as well as invest in the country, particularly in their hometowns. This is to promote economic and social investment,” Beltran said.
Speakers during the forum include Commission on Filipinos Overseas Chairperson Secretary Imelda Nicolas; Aidha Chief Executive Officer Karen Fernandez; International Fund for Agriculture Development Financial Facility for Remittances Manager Pedro De Vasconcelos; and Institute for Social Entrepreneurship in Asia President Lisa M. Dacanay.
The closing synthesis was delivered by Eduardo Jimenez, former regional associate of the Alliance for Financial Inclusion, a global network for financial regulators from developing countries. He stressed on the importance
of constant and regular dialogues among stakeholders on these issues, the need for practitioners to invest in evidence based research as well as technology to further validate and enhance their impacts, and finally left us with a question on whether the ASEAN platform can be leveraged upon to promote financial inclusion in this region.
The event was organized in partnership with Citi Foundation and Chua Thian Poh Community Leadership Programme of the NUS. It was also supported by ASKI Philippines, Landbank of the Philippines, BPI Foundation and Philippine Airlines.
FORUM. The speakers during the Inclusive Development and
Migration Forum with ASKI Global Ltd. CEO Irma L. Cosico held
at National University of Singapore last February 7.