sample application letter for asa philippines

• BOARD EXAM PASSERS
• NEWS & EVENTS
• ASA SCHOLARS CONVENTION
• SUCCESS STORIES

WELCOME TO ASA PHILIPPINES SCHOLARSHIP PROGRAM

Empowering dreams through education.

AT A GLANCE

As of august 31, 2024.

ACTIVE SCHOLARS

Part of ASA Philippines Foundation's endeavor to fight the poverty in this country through social and economic intervention is the scholarship program granted to clients' deserving children. The scholarship was designed exclusively for the clients of the Foundation. The scholarship is available for college students only.

• To enable deserving children of clients to pursue their dreams and achieve their full potential by providing a scholarship program that will give them the knowledge, skills and values to become good role models in communities.

OUR MISSION

• Grant much-needed scholarship funds to the qualified children of clients thus giving them access to qualify higher education.
• Provide mentoring assistance to scholars able for them to attain academic success and high graduation rates.
• Encourage mothers to play an active role in their children's success by providing positive motivation and creating a home environment that is conducive to studying.

WHAT'S NEW?

TESTIMONIALS

Jasmine s. infante, cum laude bachelor of elementary education.

"From the bottom of my heart, thank you ASA Philippines for helping my mother and giving me the opportunity to be one of your scholars."

CARLA KRISTEL KHAE P. CATAMIN

Cum laude bachelor of secondary education major in english.

"Thank you, ASA Philippines Foundation, for giving me the opportunity of being one of your lucky scholars."

JOSHUA LEOCER ACERON

Bachelor of science in information technology.

"I am forever thankful to ASA Philippines for allowing me finish college."

JESAMY T. RODRIGUEZ

Bachelor of science in business administration.

"My sincerest gratitude to ASA Philippines for being part of my success as I reach one of the biggest milestones in my life..."

RHEA MAE BESABES

Cum laude bachelor of science in business administration major in financial management.

ASA PHILIPPINES SCHOLARSHIP PROGRAM

We will be glad to hear from you , asa philippines scholarship program | all rights reserved 2024.

ASA Philippines Foundation

In July 2004, Ambassador Howard Q. Dee and Mr. Kamrul H. Tarafder founded ASA Philippines Foundation with the objective of assisting the poor and improving the quality of their life through microfinance and other social services. With pioneering trustees who had extensive experience in formal finance, microfinance, and development work, the Foundation started its operations in August 2004 using a special method that was specifically redesigned by Mr. Tarafder during his UNDP period and adapted to the Philippines. Recognizing the need of the poor for financial inclusion, and the strong personal commitment of the founders to provide this, the Assisi Development Foundation (ADF) and the Ninoy and Cory Aquino Foundation (NCAF), extended initial financial contributions to ASA Philippines.

ASA Philippines Foundation provides financial services such as loans, microsavings, business management training for microentrepreneurs, academic scholarships for deserving children of borrowers, disaster assistance, and health care to its members nationwide as part of its CSR activities. ASA does not have microinsurance; however, it provides free burial assistance and MaaASAhan assistance as long as it is financially capable of doing so.

Contact Details

Mr. Richard J. Smith, President

Address: 15F Prestige Tower F. Ortigas Jr. Rd., Ortigas Center Pasig City 1605

Phone: (+63 2) 8687 7558

Telefax: (+63 2) 8631 1107

Website: www.asaphil.org

Application Letter for ASA Philippines Foundation

Make me application letter in asa philippines foundation

Dear Hiring Manager,

I am writing to express my strong interest in applying for a position at ASA Philippines Foundation. I have heard great things about your organization's commitment to developing individuals and providing them with opportunities for growth and learning.

I am a highly motivated and dedicated individual with a passion for making a positive impact in people's lives. I have a solid educational background, having graduated with a Bachelor's degree in [insert relevant field] from [insert university]. During my time at university, I gained valuable knowledge and skills that I believe would contribute to the success of ASA Philippines Foundation 6 .

Furthermore, I have practical experience in [mention relevant experience or internships]. This experience has allowed me to develop strong [mention relevant skills] and has given me a deeper understanding of the challenges and opportunities in this field. I am confident that my skills and knowledge would be an asset to ASA Philippines Foundation 6 .

In addition to my academic and professional qualifications, I possess excellent communication and interpersonal skills. I am a team player who thrives in collaborative environments and enjoys working with diverse groups of people. I am also highly organized, detail-oriented, and able to manage multiple tasks efficiently.

I am excited about the opportunity to contribute to ASA Philippines Foundation's mission and make a meaningful difference in the lives of individuals. I am confident that my dedication, skills, and passion align well with the values and goals of your organization.

Thank you for considering my application. I have attached my resume, along with my three passport-sized photos (with a white background) and my Transcript of Records 4 . I would welcome the opportunity to discuss how my qualifications align with the position and how I can contribute to the success of ASA Philippines Foundation.

I look forward to the possibility of joining your team and contributing to the positive impact you are making in the community.

Sincerely, Cecille Venegas

Make me a profile gabiana fritz mark

Based on the information provided, here is a profile for Gabiana Fritz Mark:

Name: Gabiana Fritz Mark Occupation: Professional Darts Player Location: Philippines Achievements:

• Participated in various dart tournaments such as NDFP Federation Cup and NDFP Masters Cup
• Skilled in '01 Game and Cricket Tournament Directorship
• Ranked player in the NDFP Ranking Database
• Notable placements in tournaments like the Michael Viola's Tugsaw Resort National Darts Tournament
• Experienced in Fixed Doubles, Classified Draw Triples, and Classified Draw Doubles events

Additional Information:

• Active member of the darting community in the Philippines
• Known for precision and strategic gameplay
• Regular participant in local and international darting events
• Continuously improving skills through practice and competition

Overall, Gabiana Fritz Mark is a dedicated and accomplished professional in the world of darts, showcasing talent and sportsmanship in various competitive settings.

Make me a objective

Certainly! Here is an example of an objective statement for your application:

Objective: To secure a challenging position at ASA Philippines Foundation where I can utilize my skills and knowledge to contribute to the organization's mission of empowering individuals and making a positive impact in the community. I am eager to apply my [insert relevant skills] and passion for [insert relevant field] to support the growth and development of ASA Philippines Foundation and its beneficiaries.

• Management Team
• ISO Certified
• Discover the GLOBAL Advantage
• Virtual Assistance
• Property Management
• Legal Support Services
• Document Imaging and Merging
• Client System Management
• Mortgage Servicing Solutions
• Payroll Accounting
• Financial Statement Preparation
• Tax Services
• Account Book Maintenance
• AP Bookkeeping
• Medical Billing
• Call Center
• Broker's Price Opinion (BPO)
• REO Billing and Reimbursement
• REO Administrative Solutions
• Social Media Marketing
• Accounting and Bookkeeping
• Title Review
• Graphic Design
• Information Technology
• Recruitment and Staffing
• Testimonials
• Affiliations

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Fresh Graduate Application Letter Samples – Tips For Filipino Graduates

By   Global Strategic

March 27, 2022

Here Are Some Samples On How To Write An Effective Application Letter For Fresh Graduates

APPLICATION LETTER SAMPLES  – Graduation season is coming to the Philippines and for upcoming grads, it’s time to start preparing for the job hunt. The first step a fresh graduate can take is to write a cover letter for companies they want to apply for.

We all know that writing a cover letter shouldn’t be that difficult, but the reality is that writing a good application letter can be nerve-wracking. And, in some cases, this can be a deciding factor in whether or not you can get a high-paying job for fresh graduates .

You’re about to embark on your career journey and writing a good application letter might make or break your chances of getting your foot in the door for your career or even your dream job. Even if you have all of the credentials required, how would you fit all your accomplishments into an easy-to-read page?

Well, don’t worry! Because in this article, we are going in-depth into what makes a good application letter. Along with this, we’re going to give some samples that you could get inspiration from for your next application letter. Now, before we get into things, let’s first give a brief discussion on what a cover or an application letter is.

A cover letter is a document that is usually sent along with your resume . This provides a company with additional information regarding your talents, skills, and experiences.

You can also think of it as a sales pitch for yourself! As such, you need to cater your cover letter to the company you’re trying to apply for. With that being said, here are some examples of cover letters tailored toward fresh graduates from the Philippines.

APPLICATION LETTER SAMPLES

(Your Address)

(Recipient’s Name) (Job Title) (Address)

Dear (Salutation & Name),

I’m interested in applying for the role of Recruitment Specialist  in Global Strategic.

I’ve recently graduated and obtained my Bachelor’s Degree in Human Resource Development Management. Although I have no professional work experience, I’ve had several managerial and logistics work done for various local and national organizations. I wish to apply my skills and develop them further with the company.

Furthermore, I also had an internship with XYZ company which gave me the much-needed skills to work with some of the top professionals in the recruitment and human resources industry. During this period, I developed a passion for HR as I saw my potential to grow in this career path.

For further information regarding my skills and experience, please see my resume as attached to this letter.

Thank you for taking the time to consider this application and I look forward to hearing from you.

Yours sincerely,

(Signature) (Your Name) (Your email address & contact number)

Here’s another example of an application later, this time, for emails.

Email Subject: Data Entry Specialist Cover Letter

Dear Ms. Cruz,

I would like to express my interest in applying for the position of Data Entry Specialist  in your company.

I believe that my Bachelor of Science in Information Science has prepared me for this position. As a student, I developed skills that are integral to the job description. I’m a fast learner and can quickly learn new software.

During my internship at XYZ Company, I learned how important data is for businesses. Because of this, I learned to appreciate data and how to convert it into useful information.

I have also acquainted myself with a wide range of skills that allow me to quickly work well in teams or in solo projects. When I was in college, I attended several leadership seminars and activities that allowed me to interact with a diverse range of people with different characteristics.

With this application letter, I attach herewith my resume for your full consideration. Thank you for taking the time to review my application. Hoping for your kind consideration,

Now that you’ve seen some samples for your application letters, you might want to brush up on your interview and communication skills . And, with the help of these templates, you’re one step closer to getting interviewed for in-demand jobs in the Philippines this 2022 .

All set and ready to test your new cover letter skills? Apply with Global Strategic today and send us your cover letter and resume- we have a number of different opportunities and would love to hear from you and see which is the right one for your career journey!

Privacy Overview

• ANNUAL REPORTS
• MONTHLY UNAUDITED FS
• REQUIREMENTS
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• NEWS & UPDATES

ASA PHILIPPINES EMPLOYEES CREDIT COOPERATIVE

AT A GLANCE

As of april 2024.

695,146,044

Loan portfolio.

RECOVERY RATE

The ASA Philippines Employees Credit Cooperative was initiated by MD Kamrul Hasan Tarafder, the first President and Chief Executive Officer of ASA Philippines Foundation, Inc. He has been hailed as the brainchild behind the organization of this cooperative, which aims to benefit the employees of ASA Philippines. His goal is to promote the importance of savings as a best practice among all employees to ensure their financial stability and preparedness for future retirement.

VISION AND MISSION STATEMENT

To be the leading provider of financial needs of employees of ASA Philippines Foundation;

To inculcate a culture of thrift and assist members to attain financial stability through periodic savings and financial discipline among members;

CORE VALUES

To provide the upliftment of the quality of life of its members through mutual and cooperative programs;

SOCIAL GOALS

To ensure financial, human and other resources guided by the ASA Philippines Foundation core values.

PRODUCTS & SERVICES

salary loan

motorcycle loan

housing loan

educational loan

SHORT TERM loan

gadget loan

#18E, SAN MARTIN ST. COR. SAN FRANCISCO ST., BRGY. KAPITOLYO, 1603, PASIG CITY, METRO MANILA Mobile NUMBER: 09338233254 | 09338246808

© copyright 2024 all rights reserved. powered by the apecc.

Application Letters for Fresh Graduates: See Two Samples That Work

If you’re a fresh grad looking for a job, then you know very well the challenge of writing an application letter. Together with your resume, an application letter is one of the two main documents you need to finally get a job and join the workforce.

But with no job experience, what should you include? Read these sample application letters for fresh graduates, and use them as a starting point to write yours.

Application Letters: Some Basics

What’s the difference between an application letter and a cover letter.

A cover letter is literally a cover sheet for your resume: “Here is my resume, please consider me for XXX job.” An application letter is longer and more detailed, because it can be sent on its own, without a resume or a specific job in mind: “Hello, I am XXX, interested in a job at your company. Here are my qualifications.”

That’s in theory. Here in the Philippines though, the terms are interchangeable. In this article, your “application letter” is a one-pager that introduces your resume for a specific role. It describes your skills and markets your abilities. It’s your brief, formal way to introduce yourself – and make HR teams notice your resume and offer you an interview.

Why do I need an application letter, when the information is in my resume?

Your resume follows a strict format, including keywords that you’ve pulled from the job listing. In contrast, an application letter gives you some room to express yourself, and highlight why you’re different from all your batchmates applying for the same job.

Most important, a letter identifies the job you’re applying for. Have you ever seen a resume headlined “[NAME], HR Associate”?  No.

Read more: Want To Get Hired? Follow These Sample Resume Formats For Fresh Graduates

Do resume scanning systems even read application letters?

Some job ads specify “No cover letter”, but this is rare. If the listing doesn’t mention a cover letter, or says “Cover letter optional”, then you should write one. As with your resume, you should use keywords from the job ad in your letter to raise your application’s place in the rankings.

Read about keywords and automated resume systems here: How to customize your resume and cover letter for any job

Once you’re ready to write your letter, use these samples to get started.

Application Letter Sample 1 (Hard Copy)

Use this format for a letter you will submit as a printed copy. Even if you applied online, always bring extra copies of your letter and resume to your interview. For emailed application letters, see Sample 2 below.

22 H Venture St., Diliman, Quezon City Philippines

June 15, 2021

Mr. Vincent Chua Hiring Manager Bank of the Philippine Islands (BPI) 12/F Ayala Life-FGU Center, Ayala Ave. Makati City 1226

Dear Mr. Chua,

I am writing to express my interest in the position of Recruitment Assistant in your company.

Having obtained my Bachelor’s Degree in [XXXX]  major in Human Resources in [XXX] University, I hope to bring my knowledge, skills, and commitment to excellence to BPI.

With my major in HR management, I am familiar with standard processes for recruitment, workforce organization, training, and compensation, as well as legal provisions and labor concerns.

My internship at San Miguel Corporation gave me the chance to work with top professionals in recruitment and HR. Being a trainee there developed my enthusiasm for human resources, and convinced me that HR management is my true calling.

For more details of my qualifications and expertise, please review my attached resume.

Thank you for taking the time to consider this application. I look forward to hearing from you.

(signature)

Jessica Cenadoza (email address / phone number)

Application Letter Tip: When submitting a hard copy, always follow the business letter format. Your letter and resume do not need expensive paper or flowery words, but they do need to be error-free and professional. Use an online program to check grammar, spelling and punctuation. Before printing, proofread again, then ask a friend to do so too.

Application Letter Sample 2 (Email)

This application letter sample below is tailored for email. Note the subject line and the absence of mailing addresses.

Email Subject: Alvin Marfal, Marketing Associate Position [Keep your subject line brief and straightforward.]

Dear Ms. Castañeda,

I would like to apply for your company’s recently announced position of Marketing Associate.

I am a recent graduate of [XXX], major in Marketing, from [XXX] University. My studies there have given me the skills to develop marketing campaigns and drive strategies, especially through the efficient use of social media.

During my internship at XXX Corporation’s Marketing Department, I learned how companies decide what products to sell, how to reach target customers, and how to react to competition. I also had the opportunity to work with seasoned professionals. They taught me how marketing concepts apply outside the classroom, how to blend with a group’s culture, and strive for common goals despite setbacks.

Finally, through active involvement in academics and extracurriculars, I developed communication and leadership skills that make me a valued member of any marketing team.

I attach my resume for your consideration. Thank you for taking time to review my application. I look forward to your reply so that we can further discuss it.

Yours sincerely,

Alvin C. Marfal (email address / mobile number)

Application Letter Tip: Check your subject line before pressing “Send.” A typo error in your email subject won’t reflect positively on you – and could result in your mail being ignored by the resume software. Our email subject above follows the usual format (name, position). However, some recruiters require a specific subject line or number code. Check the job ad to be sure.

Include your contact details on the email signature, so the recruiter can respond to you immediately.

To create a cover letter that stands out, customize.

Finally, remember that these are just samples to help you get started. Templates are guide that you can certainly customize. You have to change the name, position and company anyway, and of course the content of the letter as befits the job you are eyeing.

So when you follow these formats,  take time to write simply and clearly about yourself. Skip the legalese (“Attached herewith”) and the cliches (“out of the box”, “passionate”). In addition, be specific (see Alvin’s three marketing skills above) and consider the norms of your industry. Finally, don’t forget to proofread!

Your letter should prove that you’ve done your homework, understand the job requirements, and are the best person for the role. For example, this witty sample application letter for a fresh graduate is great for a content manager, but not for a technical or administrative job.

Now that you can write a good application letter, don’t let your new skills go to waste. #LetsGetToWork by finding out which companies are looking for fresh grads like you.

Sign up for or update your Jobstreet profile then search for jobs; or download the Jobstreet app via App Store or GooglePlay .  Need help writing your resume or practicing for an interview?

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How To Write Scholarship Application Letter (FREE Sample Templates)

With limited slots and hundreds of aspiring applicants, grabbing a scholarship opportunity feels far from someone’s reach. 

Through a scholarship application letter, you can increase your odds of getting the grant by standing out from other applicants.  

Let this article guide you on how to write an impressive scholarship application letter.  

Table of Contents

1. university-based scholarship application letter (for college students), 2. school-based scholarship application letter (for high school students), 3. government scholarship application letter, 4. private scholarship application letter, 5. scholarship application letter addressed to a public official (i.e., mayor, governor, congressman, etc.), 6. post-graduate scholarship application letter.

• 7. Foreign Scholarship Application Letter 

What Is a Scholarship Application Letter?

What is the difference between a scholarship application letter and a letter of intent (loi) for a scholarship, what is the difference between a scholarship application letter and a scholarship essay, what does a scholarship application letter look like, 1. get to know the scholarship you’re applying for, 2. complete the letterhead and provide a short salutation, 3. introduce yourself and mention your desire and reason for applying, 4. convince the scholarship committee you deserve to get the scholarship using your academic achievements, extra-curricular activities, soft skills, etc., 5. highlight the significance of scholarship to your success and express your gratitude to the reader, 6. conclude your letter, tips and warnings, at a glance: scholarship application letter templates (free download).

Do you need to make a Scholarship Application Letter in haste? We’ve got you covered! 

Select from the list of free downloadable and editable scholarship application letter templates below. Just click the corresponding link of your preferred template to automatically download the Microsoft Word file.

7. Foreign Scholarship Application Letter  

A scholarship application letter is a formal document that convinces the recipient that the sender is the best pick for the scholarship. It highlights the applicant’s qualifications, achievements, and experiences to ace the grant. 

The application letter also states your reasons for applying for the scholarship, as well as an explanation of how the grant will help in your studies.

To add a “personal touch” to this letter, you may use personal anecdotes and testimonials. However, the letter’s tone should be formal rather than casual because it is an academic/professional document.

Although both documents increase your chances of getting the grant, they convey different messages.

A scholarship application letter convinces the reader that you’re an exceptional candidate for the scholarship grant. Specifically, it highlights the most compelling reasons why you deserve the scholarship.  You can focus on your academic achievements, socioeconomic condition, or personal attributes. 

This letter may include personal anecdotes, testimonials, and other supporting information that will help with your application. You may even state who your role model is and how they influence your passion to achieve your dreams.

Meanwhile, the main focus of an LOI is to express your interest in applying for a scholarship. Your qualifications, experiences, and socioeconomic conditions are stated briefly as supporting details. For this reason, an LOI is usually shorter, more straightforward, and has less room for personal anecdotes.  

There are also some differences between their structure. The upper part of a scholarship application letter indicates your details (name, address, contact details). In an LOI, this part is usually located at the bottom.

A scholarship essay usually asks a particular question like, “Why do you deserve the scholarship?” , “How can our scholarship help you?” or “Who is your biggest inspiration?” It’s important in a scholarship essay that your answer is well-thought-out, clear, and creative.

Meanwhile, a scholarship application letter is more of an extension of your documentary requirements. It expounds the details indicated to highlight your best attributes so that the scholarship committee will pick you. The topic of the letter is “you,” and there’s no question you’re supposed to answer.

1. Personal Information : Located at the top of the letter, this section is where you indicate your full name, address, and contact details.

2. Date: The date when the letter is submitted

3. Recipient: This is where you indicate the name, position, and institution/company of the letter’s recipient

4. Salutation: If the recipient’s name is unspecified, you may use the line “To whom it may concern”

5. Introduction: This part includes your name and current educational attainment, as well as a brief statement of your desire to apply for a scholarship and the reason/s behind it

6. Body of the letter: This part highlights everything that makes you deserving of a scholarship (e.g., personal attributes, academic achievements, extra-curricular activities, etc.). It may also include personal anecdotes and testimonials.

7. Conclusion: This section is where you express your gratitude to the recipient and emphasize how the grant will help you in your studies. 

8. Closing Remark: A short formal closing statement (e.g., Regards, Sincerely, etc.)

9. Signature

How To Write a Scholarship Application Letter

There are two reasons why you need to do this before drafting your letter. 

First, to avoid stating wrong information in the letter. 

Second, to help you decide what your “focus” is so that the letter will suit the scholarship requirements. Suppose the grant requires the applicant to have exceptional leadership skills. To meet this qualification, you need to brush up on your memory for any leadership roles you had in the school and include them in your letter.

Your letterhead should contain three sections: your details (name, address, and contact info), the date when the letter is submitted, and your recipient’s details.

Afterward, provide a short salutation like “Dear <insert name>” and “Greetings <insert name> .

Performing this step completes your letter’s introduction. In case you’ve recently graduated, mention your alma mater.

Don’t forget to mention in this portion your understanding of the scholarship’s goal and how it is aligned with your aspirations and current circumstance. 

In the example above, the sender wrote that the scholarship aims to help underprivileged students pursuing health-related courses. Thus, she wrote that her dream of becoming a physician led her to major in Biology.

Finally, state your reason for applying for a scholarship.

Your goal in this step is to complete your letter’s body. State here your best attributes that make you stand out from other applicants. It depends on you how many paragraphs you’ll write for this section.

Here is some information you can include in your letter’s body:

• Academic achievements (e.g., consistent Dean’s lister, class valedictorian/salutatorian, academic honors like Best in Math or Best Research Paper, or high GWA , etc.)
• Extra-curricular experiences (e.g., leadership roles in the Student Council, student organizations, and NGOs, as well as awards received from competitions, etc.)
• Certifications (e.g., TESDA National Certificate)
• Work and internship experiences
• Personal attributes (e.g., interpersonal skills, time-management skills, perseverance, etc.)
• Other information that may suit the scholarship requirements. For example, if you’re applying for sports-related grants, you can mention the competitions you’ve won, your experiences as a student-athlete from another school, etc.

Only select attributes that are related to the scholarship’s requirements. For example, if they are looking for good academic standing, you must focus on featuring your grades and academic achievements. If the grant is looking for leadership skills, then highlight your leadership roles in student clubs or even in non-academic organizations.

You may also add personal anecdotes in this portion. For instance, the sender of the sample letter above shares her experience meeting a doctor who inspired him to pursue the same profession.

Briefly mention that the scholarship will help you accomplish your studies and ease your family’s financial burden. Afterward, thank the recipient for taking the time to read your letter.

Close your letter by adding a closing remark (e.g., Regards, Sincerely, etc.) and affixing your signature. 

• Strictly follow the required word count, if there’s any. To save time reading tons of letters that scholarship committees receive, they set word count limits that applicants should follow. Hence, no need to make your application letter wordy; as long as it contains the most essential details, that would be enough. As the saying goes, “brevity is the soul of wit.”
• Be truthful. Do not include misleading information to stand out from the competition. Some scholarship committees conduct cross-checking to verify the information indicated in application letters. Get caught and lose your chance to enjoy the grant. 
• Don’t be “too emotional.” It’s true that your letter becomes more convincing if you state your challenges and economic hardships. However, over-relying on “emotional appeal” might repulse your reader. Thus, avoid oversharing private matters in your letter.  Moreover, refrain from adding “rant” statements (e.g., education is for the privileged only, tuition hikes are anti-poor, etc. ) in your letter. There’s a different avenue to express those frustrations.

Written by Jewel Kyle Fabula

in Career and Education , Juander How

Jewel Kyle Fabula

Jewel Kyle Fabula is a Bachelor of Science in Economics student at the University of the Philippines Diliman. His passion for learning mathematics developed as he competed in some mathematics competitions during his Junior High School years. He loves cats, playing video games, and listening to music.

Browse all articles written by Jewel Kyle Fabula

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Audited Financial Statement

December 31, 2021

PRIMARY SERVICES

We offer three major service products to the enterprising poor to help uplift their economic condition:

• Evenly divisible by a thousand (Ex. ₱1,000, ₱2,000, ₱5,000)
• No upfront deductions (Ex. If the loan is ₱5,000, then this exact amount is released.)
• The initial loan ranges from ₱6,000 to ₱10,000 depending on the borrower’s business or capacity to repay
• Cost-Plus is 15% (for six months)
• Payments are made weekly (₱50 for every thousand pesos borrowed by the client). There are 23 equal weekly payment (EWP) made for each cycle of six months.

Capital Build-Up (CBU)

• CBU is an alternative micro savings service for clients designed to promote the idea of poor families saving for the future in order to meet family emergencies and other needs
• Withdrawable at any time
• Client can deposit an amount of ₱50 or more during the weekly collection meeting at her doorstep
• Client earns rebates at 7% per annum
• All excess savings are refundable on the same day a client leaves the program

Locked-in Capital Build-Up (LCBU)

• LCBU is fixed and mandatory, and serves as a monitoring tool of a client's performance and a basis for determining a client’s loan renewal and any increase in loan amount
• Client deposits ₱10 a week
• Non-withdrawable although it is 100% refundable
• Once the accumulated deposit amount reaches ₱2,400, 50% or ₱1,200 shall be transferred to the client's CBU account where she can withdraw it
• Refundable on the day a client wishes to leave the program

ASA Philippines Foundation was conceptualized by Mr. Kamrul H. Tarafder. Mr. Tarafder started work in the microfinance industry with ASA Bangladesh.

Vision and Mission

ASA Philippines Foundation has made its commitment to three sectors. The first is a commitment to the marginalized poor sector for which the Foundation exists. 

Microfinance Program And Objectives

From a narrow financial services perspective, microfinance refers to the provision of uncollateralized 

© Copyright 2023 ASA Philippines Foundation, All Rights Reserved. Designed And Developed By Ogrelogic