In early 2004, Ambassador Howard Q. Dee and Mr. Kamrul H. Tarafder founded ASA Philippines Foundation with the objective of assisting the poor and improving the quality of their life through microfinance and other social services. With pioneering trustees who had extensive experience in formal finance, microfinance, and development work, the Foundation started its operations in August 2004 using a special method that was specifically redesigned by Mr. Tarafder during his UNDP period and adapted to the Philippines context as ASA system in the Philippines. Recognizing the need of the poor for financial inclusion; and the strong personal commitment of the founders to provide this, the Assisi Development Foundation (ADF) and the Ninoy and Cory Aquino Foundation (NCAF), extended initial financial contributions to ASA Philippines.
ASA Philippines Foundation provides financial services such as loans, CBU (savings), and microinsurance; and business management training for microentrepreneurs; academic scholarships for deserving children of borrowers; disaster assistance; and health care to its members nationwide as part of its CSR activities.
Mr. Kamrul H. Tarafder, President
Unit 509 & 1105 Prestige Tower
F. Ortigas Jr. Rd., Ortigas Center
Pasig City 1605