The Alalay Sa Kaunlaran Inc. (ASKI) was born in October 1986 in the year of EDSA People Power Revolution where unemployment and poverty are widespread because of political issues and the transition of leadership. Seeing the urgent needs and the difficult situation of the communities at that time, a group of Christian business leaders in Nueva Ecija decided to establish an organization that will help the people.

The organization was officially registered with the Securities and Exchange Commission (SEC) on March 23, 1987 as a non-stock, non-profit organization committed to the promotion and development of micro and small-to-medium enterprises and the delivery of social services. It formally launched operations on July 1, 1987.

From its starting fund of P460,000 provided by the Maranatha Trust of Australia, the group reached out to small entrepreneurs, to the street players, to the movers of the micro economy that had no access to bigger funding institutions.

Currently, ASKI has a total portfolio of Php1.8 billion with 92 branches in Regions 1, 2, 3, and CAR and serving more than 120,000 clients and insuring more than 800,000 members and their families.

The organization has also created its name on the local and international front in bringing about change to the lives of many and innovating its strategies to better cater the needs of the people. It has developed trust and entered partnerships with different institutions inclined to the mission of ASKI.

Similarly, ASKI has strengthened its alliance with its fellow institutions in the industry across the country to work together to better address the needs of poor families.