Part of taking care of its clients is to extend its help to their respective families. ASKI Inc. (Alalay Sa Kaunlaran, Inc.) has been doing this since the launching of its “Microfinance Technology Program for Out-of-School Youth” in 2012. The program was developed to help out-of-school youth and the children of its clients to give them the opportunity to be self-reliant and help their respective families. Through this program, students can continue their studies in universities (where ASKI also partnered) for a four-year course after finishing the 400 hours classroom discussion and three-month on-the-job training.
The program was designed to provide basic knowledge, skills and desirable attitudes to individuals who would like to become a microfinance loan officer and be competent to interact with clients in providing microfinance loan and other services for start-up or expansion of a small or micro enterprise.
It also covers competencies such as selecting potential areas for microfinance operation, promoting products and other services, forming group of microfinance clients, facilitating center meetings, processing application for loans and other services, payment collection, and updating financial records. In addition, it covers basic competencies such as participating in the workplace communication, working in a team environment and practicing career professionalism as well as practicing occupational health and safety.
ASKI shoulders the student’s tuition and other school fees like uniform, books and others. They pay all the expenses upon their employment as ASKI through salary deduction.
To date, there are already 69 students who graduated from the program and 45 of them are already employed at ASKI. They are now helping their parents earn for a living. This is the commitment of ASKI to its clients and as an initiative of changing the landscape of the microfinance industry that it is not only pure credit.
ASKI’s “Employing the Out-of-School Youth Through Microfinance Technology Program” was the winner of the 2016 ADFIAP Outstanding Development Project Awards under the Human Capital Development Category.