Lending firm Asialink Finance Corp. said Tuesday it expects to grow rapidly in the coming years as Creador’s recent investment in the company enables it to provide more loans to small businesses for their expansion.
Creador said in statement that its recent investment would provide Asialink necessary resources to address the significant loan requirements of unbanked small and medium enterprises . He noted that Asialink already served 200,000 out of the 1.2 million registered businesses in the Philippines. Asialink chief executive Robert Jordan Jr. said the company would use the fresh capital raised from Creador’s investment and other funders like local banks, development finance institutions and major international lenders to reach more of unbanked businesses so they could grow their operations, generate jobs and improve their lives.