Tuesday, 17 June 2025, 2:19 am

    Mega ICBC backs Asialink with ₱120M for MSME lending

    Asialink Finance Corp. has secured a ₱120-million credit line from Taiwan-based Mega International Commercial Bank Co. Ltd (Mega ICBC) that strengthens its capacity to extend timely and inclusive financing to micro, small, and medium enterprises (MSMEs) across the Philippines.

    The credit facility deepens Asialink’s push to empower underserved entrepreneurs, including small retailers, service operators, and transport providers. The company said the infusion of fresh capital will enable more MSMEs to scale operations, generate employment, and stimulate grassroots economic activity.

    “Our partnership with Mega ICBC is a meaningful step in widening our capacity to serve more MSMEs across the country,” said Sam Cariño, president and CEO of Asialink Finance Corp. “Inclusive financing leads to inclusive growth—when small businesses succeed, local economies thrive.”

    Mega ICBC, known for financing inclusive development initiatives, noted Asialink’s strong grassroots focus as a key driver behind the deal. “We chose to partner with Asialink because of their clear commitment to making financial services accessible to Filipino communities,” said Kuo Yao-Yu, vice president and general manager of Mega ICBC.

    The credit line follows a series of major funding wins for Asialink, including a US$115 million facility from the Asian Development Bank and a US$130 million financing deal with the International Finance Corp. aimed at supporting women-led businesses. These developments signal Asialink’s growing role in the MSME finance ecosystem and its strategic alignment with global institutions committed to inclusive economic growth.

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