Creador investment boosts Asialink growth potential to meet SME loan demand in PH

Creador, a Southeast Asian private equity firm which recently acquired an 18% stake in Asialink Finance Corp., is expecting significant growth in the lender's operations, the company said.

In a statement, Creator said this investment, worth P4 billion, equips Asialink with the resources to address the unmet loan demands of small and medium enterprises (SMEs) in the Philippines.

Omar Mahmoud, Creador's managing director, highlighted the immense potential for growth, noting that Asialink has only begun to tap into the market.

With 1.2 million registered SMEs in the country, Asialink has served around 200,000 so far.

Asialink CEO Robert Jordan Jr. said the firm plans to use this investment, alongside funds from local and international lenders, to expand nationwide, offering more financial assistance to unbanked businesses.

With Creador's support, Asialink aims to introduce new products and improve efficiencies, fostering SME growth and job creation, the company said.