Another Day, Another Debt: Asialink Borrows ₱120M to ‘Save’ MSMEs While Banks Get Richer

Asialink Finance Corporation has secured a ₱120-million credit line from Taiwan’s Mega International Commercial Bank Co. Ltd.

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The deal allegedly aims to help micro, small, and medium enterprises (MSMEs) gain access to so-called inclusive and flexible financing.

The company claims the funding will benefit small retailers, service providers, and transport operators desperate for capital to stay afloat or grow.

Asialink positions this latest loan as part of its grand plan to magically turn grassroots businesses into engines of inclusive economic growth.

Mega ICBC, eager to sprinkle its brand on anything labeled “inclusive development,” is banking on Asialink to funnel funds to struggling local enterprises.

This latest borrowing spree follows Asialink’s $115 million package from the Asian Development Bank and a $130 million deal with the International Finance Corporation.

Asialink continues to expand its network of lenders as it doubles down on its mission of helping MSMEs with borrowed money while accumulating its own debt pile.