The Alalay Sa Kabuhayan Plan or AKaP is the insurance on the life of a debtor in connection with a specific loan to provide payment equivalent to the insured loan amount.
The Alalay sa Pamilya Plan or ASaP is the basic benefit insurance of the members of ASKI MBA.
About Us
True to its vision of a transformed and progressive community, Alalay Sa Kaunlaran Inc. (ASKI) joined other microfinance institutions (MFIs) in organizing the RIMANSI MI - MBA Association of the Philippines, Inc., an institution that would help MFIs in setting-up their own mutual benefit associations. Thus, through the help of RIMANSI MI -MBA and CARD Mutual Benefit Association, the first MBA emanating from an MFI, Alalay sa Kaunlaran Inc. Mutual Benefit Association (ASKI MBA) was born.

Alalay sa Kaunlaran (ASKI) Mutual Benefit Association, Inc. was registered with the Securities and Exchange Commission (SEC) as a nonstock, not-for-profit association on June 21, 2006. It was granted a license by the Insurance Commission (IC) on October 5, 2006 to engage as a mutual benefit association that extends benefits and services for the welfare and financial security of its members and their families in the form of death benefits and ensuring continued access to benefits and resources. The Association actively involves the members in the direct management of the Association including the implementation of policies and procedures geared towards sustainability and improved services.
News and Events
BY-LAWS ARTICLE I MEETINGS Section 1. Annual Meetings - The annual meetings of the members shall be held at the principal office of the association or any other feasible venue as may be decided by the ASKI MBA Board of Trustees on the 14th of March of each year. The President shall render his/her annual report to the members regarding the activities of the association. The election of trustees shall also be held during this annual meeting. Section 2. Special Meetings - Special Meetings of the members shall be called as the need thereof arises, by the Board of Trustees or the President or upon petition of 1/3 of the general membership. Section 3. Notices - Notices of the time and place of annual and special meetings of the members shall be sent by the Corporate Secretary by means of any formal communication, at least twenty eight (28) days before the date set for such meeting. The notice of every special meeting shall state briefly the purpose or purposes of meeting. Section 4. Quorum - A quorum for any meeting of the members shall consist of a majority of the members and a majority of such quorum may decide any question at the meeting, except those matters where the Corporation Code requires the affirmative vote of a greater proportion.  Read more >>
Highlights of Operation
As of March 31, 2019
No. of Members
No. of Insured Lives
No. of Claims Paid
Amount of Claims Paid
Php. 10.08M
Guaranty Fund
Php. 63.5M
Operating Expense Ratio
19.50 %
Awarding of Claims
Mrs. Dacumos became a client of ASKI on July 11, 2014 with initial loan amount of Php.10, 000. Her business is a Sari Sari Store and she has a Piggery. Read more >>
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