Asialink Finance Corp (AFC) expects to maintain its expansion in 2025, driven by fresh capital from private equity firm Creador, the International Finance Corp. (IFC) and the Asian Development Bank (ADB).
The funds will bolster AFC’s lending to Filipino micro, small, and medium enterprises (MSMEs), said AFC president and chief executive Samuel Cariño. He said the lending firm is extending its reach to promote financial inclusion and support the domestic economy.
Cariño told journalists in an interview in Ortigas Center, Mandaluyong City that a P2-billion income is possible for the company this year.
Established in 1997 with P3 million in capital, AFC has grown to become one of the Philippines’ leading finance companies. It now employs over 2,000 people and has more than 250 branches nationwide.
AFC’s loan portfolio includes car and truck refinancing, pre-owned vehicle financing, brand-new vehicle financing, real estate mortgages, housing unit takeout loans, property acquisition loans and general real estate financing. It provides loans of up to P20 million with flexible payment terms.
AFC reported a net income of P1.1 billion in 2024, a 4-percent increase year-on-year. The company aims to be a leader in the financing industry by 2033, providing inclusive financial access to MSMEs in the Philippines and across Asia.
Cariño said operational efficiency and an expanded branch network would underpin profit and revenue growth this year as Asialink penetrates more towns across the country.
AFC’s outstanding receivables stand at P19 billion, a figure expected to rise with the additional funds from Creador, the IFC and the ADB. AFC previously secured a $130 million investment from the IFC, $115 million from the ADB and $71.3 million from Malaysia-based Creador.
AFC added 134 branches in 2024, opening its 250th branch in Maramag, Bukidnon, on May 23, 2025.
“We aim to maximize all the branches that we opened aggressively last year, and we are putting up more branches,” said Cariño.
“With every new location, we aim to deliver stronger services, more relevant products, and genuine support to the communities we serve,” Cariño said in an earlier statement.
AFC recently teamed up with AutohousePH, a Cebu-based digital vehicle marketplace, to integrate AFC’s financing options with AutohousePH’s online platform for pre-owned vehicles.
Cariño said AFC’s workforce grew by 58 percent to 2,073 by end-2024, supported by both operational efficiency and Asialink’s mission to provide economic opportunities nationwide. He said new jobs were created across all levels, from loan officers and credit investigators to collectors and branch managers, contributing to local livelihoods and professional development.
“Each branch we open and each job we create brings us closer to a future where every Filipino has a fair chance to pursue their dreams,” he said.
