Standard Chartered Bank (SCB) Philippines recently launched its Lifting Participation of Women Youth through Micro Entrepreneurship and Digital Adoption program in partnership with microfinance institution Alalay sa Kaunlaran Microfinance Social Dev't Inc. (ASKI).
Standard Chartered Bank led by its Head of Corporate Affairs, Brand and Marketing Mai Sangalang together with bank employee volunteers, ASKI Executive Director Jane Manucdoc for the launch of SCB project providing young women microentrepreneurs with affordable loans and capability trainings.in partnership with microfinance institution Alalay sa Kaunlaran Microfinance Social Dev’t Inc. .
The program, which runs for three years, provides access to microfinancing to over a hundred women-youth in selected provinces in region 3 including Nueva Ecija, Bulacan, Aurora, Pampanga and Tarlac with loan amount ranging from P50,000 to P100,000 at zero interest with longer repayment terms.
ASKI Executive Director Jane Manucdoc said, “ASKI’s partnership with Standard Chartered Bank recognizes the vital role of youth in driving microentrepreneurship while embracing digital innovation. The project provides our beneficiaries with the necessary tools, skills, and opportunities they need to thrive in today’s rapidly evolving economy.”
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